Business

Posts profit of Rs20.17b, growth of 63% in one year

SBP attributes $70m decline to debt repayment

Gold pricing body revises down the commodity price by Rs5,800 to Rs216,500 per tola

Surge likely to badly impact govt which is largest borrower

Govt approves Rs40b additional budget for different projects of armed forces

IMC says imports at time of low forex reserves beyond comprehension

Pakistan and Uzbekistan have made significant strides in revitalising their bilateral trade relations

Bourse CEO says tech sector provides attractive options for investment

Envoy highlights favourable trade conditions

This understanding is pending approval by interim PM and his cabinet

Smuggling results in 3.5% appreciation against US dollar, marking a gain of Rs11 in a single day

Aims to foster collaboration between 200 IT startups

Category ‘B’ firms have been given three months to transform or lose their licenses

Russian crude trading above limit amid global price hike

Secretary Power Division says companies are based in major urban centres of Gujranwala, Faisalabad and Islamabad

Major surge in debt came on external front with release of blocked financing

Says capacity charges of IPPs are driving factor behind the proposed alterations

Experts discuss underlying reasons for high cost of electricity in Pakistan

Move comes following 21% increase in imports in August compared to July

In retail, currency recovers significantly after action against smugglers

USF projects aim to provide internet, telecom access to remote areas

Seek representation in SIFC committees, task forces

Aims to be self-sufficient, compete globally with rivals

Aim to discuss Black Sea grain exports

Stresses need to improve halal standards to carve place in global market

Creek Marina management says construction work continuing at full steam

Takes hope from COAS-businessmen meeting, dips slightly to Rs305.64/$

Total shipments reach 4.518 million tonnes, up from 3.297 million tonnes

Announces offering right shares to existing shareholders

Shifts one-third of SOEs’ borrowings from capital market

Requests a power tariff increase of Rs10.32 per unit for KE consumers

Govt reverses 2-month-old decision taken by earlier ECNEC meeting

Says relief plan would impact of Rs15b, not Rs5b as Pakistan suggested in proposal

IMF loan instils little hope in the majority of businesses

Decentralise distributed generation instead of using grid extensions for electrification

Pakistan’s youth bulge provides unprecedented opportunity to expand capacity of economy

They must come up with out-of-the-box solutions as economic depression looms

Country with better connectivity has edge over others, making it good investment place

The only way to escape it is to place an immediate moratorium on all debt repayments – interest and principal

Consumers receiving bills ranging b/w Rs60,000 to Rs70,000 will likely get relief of Rs13,000, says govt sources

Telecom industry cautions against hasty 5G deployment in face of economic realities

To help fund transition to more environmentally-friendly method, reports Sky News

Labour market conditions ease, confirm that Fed may not raise interest rates

Hopes to approve schemes in development sector, secure foreign loans

Despite yearly decline, sale of diesel and petrol saw increases of 11% and 5% in August

Conference highlights high production growth capacity

OCAC warns of potential threat these guidelines pose to local refineries

WSJ reports sale could happen before the end of the year

Businessmen say widening exchange rate gap denting competitiveness

Benchmark KSE-100 index plunges 2,359 points, or 4.9%, at 45,313