Business

Cabinet approves telecom infrastructure sharing framework that will reduce costs

Gradually rising dollar demand dents rupee value

SBP data shows MNCs’ profit repatriation hits 17-month high at $163.7m in Sept 2023

Options include sale, merger or new operational model

Tarar emphasised Pakistan’s enduring democratic stability and promising future

Stakeholders express urgent need for government intervention

Fertiliser, steel industries may be forced to raise prices to pass on cost to consumers

Cites shortage of inventory for suspension of production

Says sudden implementation has created challenges, shortages

Aims to enhance payment ecosystem for IT industry

Aim to keep struggling airline operational for six months with limited flights

WAPDA chairperson emphasised need for global efforts to address adverse effects of climate change on water resources

Currency drops by Rs0.31 reaching Rs279.43/$ in interbank market

Regulator finds serious flaws in DISCOs’ power acquisition plan

Talks for Women Inclusive Finance Sector Development underway with ADB

Recent deals a financial flex by US oil, gas firms that keep investing in fossil fuels

Awarded area spans 500 square kilometers in Chagai region

Global report urges 2% billionaire tax to generate $250b in annual revenues

Central bank keeps growth projection unchanged at 2-3% for FY24

Senator proposes development of community-led solar parks

Latest drop suggests demand for US dollar has slightly exceeded supply

Motorcycles produce more air pollution than cars, especially newer vehicles

Concerns about future economic stability, sustainable development running high

Country will not progress until KPIs are given to policymakers with handsome reward

After going nowhere for five years, bourse finally clears 50,000 mark with healthy volumes

Countries taking IMF funds are compelled to follow economically destructive fiscal, monetary policies

Pakistan produces 44,138 GWh in first three months of FY24

Request comes in EU-Mercosur talks to conclude trade agreement

KSE-100 index rises 1,238 points, or 2.5%, and settles at 50,732

Of late, improvement comes and programmes focusing on female-led startups being initiated

Commerce minister meets Chinese business leaders during Belt and Road Forum

Seek status of industrial worker with all required facilities

SBP has no intention to discontinue Rs75 notes that will remain in circulation

Have fewer places to hide amid growing volatility

Outsourcing of key airports to generate fee for aviation authority over 15 years

Petroleum Division’s summary suggests increasing tariff by 172% for domestic consumers

Decision made to meet IMF condition for its $700m tranche

Pakistan may have to face price volatility, delay in oil supplies due to ME conflict

Solar energy market expected to grow from 1.3GW in 2023 to 9.77GW by 2028

Due to lack of necessary skills, country could not capitalise on opportunities

Secretary says new infrastructure-sharing framework, proposed spectrum-sharing mechanism are important milestones

Ministry proposes debt reduction via subsidies, revision of policies and deals

Envoy calls for holding roadshows in major cities of Turkiye

Power Division seeks approval for halting facility, giving monetisation allowance

Lower dollar rate also supports decrease in SPI reading

Decision driven by persistent losses, no dividend payments to shareholders

Progressive farmer says green land being converted into housing societies

Surge in hydel generation helps save Rs50 billion

Company asks for increase in electricity price under quarterly adjustment

Envoy also points to difficulties in opening LCs, repatriating foreign currency