Business

Proactive policymaking could have transformed Pakistan’s oil refining sector by 2023

Shrinking water resources owe their origin to urban centres, mostly due to urban sprawl

Investment needs world-class project managers, experienced corporate leaders

To make SIFC success story, Pakistan must draw lessons from past, especially from CPEC Authority

It will allow investors to open centralised digital accounts in no time

Finance ministry seeks privatisation plan

Company adopts modern technology to reduce imports, save forex

MD wants it to focus on domestic consumption, rein in local govt debt

Marks 162% increase since 2013 and 10.4% rise compared to 2022

Says circular debt in power sector is Rs2,500b, and gas sector is Rs2,900b

Attributes Rs31b in losses to rising power prices, inflation, cost of borrowing

Benchmark KSE-100 index loses 260 points, or 0.6%, closes at 45,753.52

Move comes to prevent leaks after Reuters revealed bank would raise inflation forecast

Ramp up industrial action that can see strikes extended until mid-Oct

Searle gets approval, marks breakthrough for pharmaceutical exports

Interim govt jacks up petrol price by Rs40.93 per litre in just two gos

Bank still employs people with overlapping functions, say sources

Pipeline contributes about 0.5% of global oil supply

Raised by up to 6 percentage points on foreign and local currency-based bonds

CAD shrinks, helps currency reach Rs296.85/$ in interbank market

Says subsidised goods are not available at outlets

Sugar, chicken prices come down from recent peaks in week ended Sept 14

As supply tightens on Saudi production cuts, optimism on Chinese demand

Firms from both countries introduced their businesses, outlined requirements

Stands at $160 million as exports of goods and services improve

Senate panel chairman issues directives over allegations of mala fide actions, diminishing power sector’s capacity

It will help Musk to achieve goal of halving production costs

Faces constitutional hurdle as interim govt cannot enter into long-term treaty

Discussion also covered opportunities, mechanisms for wind energy in Pakistan

Foreign lessors have been engaged in a legal tussle to repossess their aircraft

As crackdown on currency smuggling continues, it records gains of 0.29%

Govt setting up fund to channel global financing into startups

SBP attributed the decline in forex reserves to debt repayments

Report says most countries are not on track to even meet emissions targets by 2030

Says inflation has peaked out, leaving no room for rate hike, at least for now

Bank says decision takes into account latest inflation outturn, reflecting continuous decline in trend

Asks govt to revamp power generation and end gas subsidies to CPPs

Fails to announce funds for climate mitigation, make advances in AI regulation

PCJCCI chief stresses need for setting up specialised research institute

Build in US crude inventories offset expectations of tight crude supply for the rest of the year

Hopes to focus on MSMEs, infrastructure and export industry

Indian govt reduces duty by 20%, puts growers’ livelihood at stake

MD says three to four companies in queue to raise equity from PSX

Commission will have up to 13 months to assess whether to impose tariffs above the standard 10% EU rate

Contractor, hired to supply electricity to mobile tower, held responsible for gas theft

Extreme heat, flooding could erase earnings from four Asian countries by 2030

Gains Rs1.07 and hits over 3-week high at Rs298.82/$

WTO report doesn’t cover de-dollarisation of economies, its impact on trade

Both sides expressed determination to bolster ties, focus on trade, connectivity, energy, tourism

Expert calls for formulating effective policies for swift recovery of auto sector