Business
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Govt debt may soar to Rs81.8tr
IMF revises debt, interest cost projections due to slippages in expenditures
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Govt asked to find solutions to rising energy demand
Businessmen blame conventional energy sources for current crisis
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US-China thaw to facilitate talks on WTO reform
Communications between two sides will foster cooperation on global challenges
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PSX forecast to surge 30% by Dec 2024
Likely to touch record high at 75,000 on back of rate cut, political stability
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Citigroup staff expects reshuffle, layoffs
Bank embarking on next phase of sweeping reorganisation
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Gas price surge drives weekly inflation to multi-year high
Settles at 9.95% from 0.73% in the preceding week ending November 8
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Tax officers get extensive powers
District offices set up with powers to cut off utility connections of non-filers
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PSA joins govt for 60% renewable vision by 2030
Stresses need for local private sector to take leading role in financing these projects
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Alibaba’s market value plunges $20 billion
Its shares slump after U-turn on cloud unit spin-off
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‘Economic development is top priority’
Former PPP minister promises to address utility issues for businesses
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SBP unveils fourth strategic plan
Targets financial stability, sustainable growth through navigating challenges
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Pakistan needs $25b loans this FY: IMF
Lender doesn’t agree with growth, CAD projections
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IMF approval propels rupee to 10-day high
Reaches Rs286.50/$ while gold surges amid global tensions
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Ministry empowers 1,460 sugarcane growers
equipping farmers with knowledge and practices to combat sugarcane diseases and enhance pest control.
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Govt contemplates gas supply re-prioritisation
ECC discusses measures to supply gas to fertiliser plants amid depletion of reserves
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PSX to auction T-bills, PIBs from next month
General public will be able to invest, trade in govt debt securities
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Action plan in place for FBR restructuring
Customs will be separated from revenue collection role; notification expected next week
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Forex reserves decline by $115 million
SBP attributes slump to debt repayments
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Rupee stages comeback on IMF approval
Currency sees relief, dips below Rs288; RDA reaches new record of $6.89 billion
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Govt urged to curb speculative trading
Businessmen seek access to finance with reduction in policy rate
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Govt mulls tariff strategy overhaul
It will curb SSGC losses particularly from Balochistan contributing 40%
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PSX hits another record, fuelled by IMF deal
KSE-100 index climbs 716.96 points, settles at 57,397.03
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OGRA, Pakistan Refinery strike deal for plant expansion
Agreement will help enhance refining capabilities, clean fuel production
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DRAP pledges to boost exports to $1b
CEO urges govt to collaborate with industry stakeholders to drive innovation
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MSCI trims Pakistan’s weight
Semi-annual review may result in withdrawal of foreign investment from PSX
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ML-I groundbreaking by early 2024
PM seeks reform strategy for Pakistan Railways to maximise benefits of ML-I
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Leaders unveil vision for business growth
Discuss need for concerted effort to balance climate action at the Future Summit
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Rupee hits seven-week low against dollar
Currency declines amidst IMF review; govt raises Rs1.16tr in T-bill auction
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Overhaul in exchange rate methodology sought
Oil body urges govt to foster fair pricing formula, protect private sector OMCs
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Petrol price reduced by Rs2.04, HSD by Rs6.47 per litre
Caretaker govt sets price of petrol at Rs281.34, HSD at Rs296.71 per litre
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$10b Saudi investment to arrive soon
Financing will go to oil refinery to be set up by Aramco either in Hub or Gwadar
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Govt allows LPG imports without inviting bids
Exempts LPG firm from procurement rules to avert gas crisis in winter
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Troubled LSM industry records modest growth
High costs, unstable economic factors pose hindrance to industrial sector’s recovery
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SNGPL reassures winter gas supply to APTMA
MD addresses tariff concerns in meeting
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Nawaz proposes ‘ask-no-question’ policy for investment
PML-N supremo businessmen will be consulted on future economic decisions
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Gaza war to delay $70b investment
Talks with Riyadh on investment in Reko Diq project will take place soon
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Pak-China collaboration to sweeten markets
PCJCCI explores joint efforts to modernise, boost sugarcane production
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Reforms in solar initiatives approved
Cabinet aims to empower public sector entities to conduct procurements
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Emirates holds off on Airbus A350 order in engine rift
Blames Rolls-Royce over durability of engines, places no major order at Dubai Airshow
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Pakistan to receive $700m from IMF
Staff-level agreement between Pakistan, Fund reached on first review of $3 billion bailout
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Oil surges 1% on upbeat IEA forecast
Energy agency lifts 2023 demand growth forecast to 2.4m bpd
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Pakistan, Uzbekistan discuss agri-trade
Pakistan, Uzbekistan discuss agri-trade
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Tax on banks’ windfall profits less likely
Banks earned extraordinary profits of Rs110b in 2021 and 2022
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Rupee nears seven-week low against US dollar
Closes at Rs287.87 as market eyes IMF review, potential inflows from China
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Businessmen call for SIFC-CPEC collaboration
Urge govt to leverage infrastructural, communication networks
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Rs22.92b burden may be passed on to power users
NEPRA to announce its final verdict on XWDISCOs’ plea in few days
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IFC to cover financing risk to businesses
Inks deal to enhance companies’ access to finance, working capital
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Tech gurus call for deep reforms
Express urgency for consistent policies, influence of artificial intelligence
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FPCCI president urges petroleum price cut
FPCCI president urges petroleum price cut
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Local tyre industry decries customs revisions
Says new import trade prices favour importers, demands level playing field