Business

Ottawa’s reaction delivers significant blow to China’s responsible multilateral lender

Tokyo expands in renewable energy as part of zero-carbon push

Officials say US must issue waiver permitting such transactions

KSE-100 index rises 861 points, or 1.95%, settling at 45,067.98

Scrambles to fill vacant positions in SBP, NBP, ZTBL, and CCP

Pakistan, Argentina bonds soaring, making them best performers in asset class

Project’s chief executive officer, project director, consultants and contractors were present during the visit

Analysts say govt’s fixed rate of Rs8,500 is causing ginners to shut down factories

Swiss Society for History raises concerns about length of time

Average power tariff is set to increase by Rs4.96 per unit in view of IMF deal

PM Shehbaz blames circular debt for recent hike in electricity tariff, says it was a condition set by the IMF

PRGMEA high-up says most varsity grants go towards paying salaries

Difference between exchange rates in open, inter-bank markets widens to Rs6

Minister says $10b project will be modernised with China’s support

As announced by Finance Minister Ishaq Dar, the meeting reviewed the draft bill for the establishment of the Fund

Envoy calls African nation land of vast investment opportunities

Seeks to encourage foreign investment amid geopolitical tensions

Credit to the private sector remains lowest in the region at 15% of GDP

Govt likely to raise petroleum levy to boost revenue collection

Data shows US consumer prices growing at slowest pace in two years

APTMA decries high energy costs that account for 30-40% of production cost

Global trade weakens, demand for services rises

CCP says local SMEs only receive 6-7% of private sector financing

Central bank did not provide a specific reason for the increase in reserves

Aims to enhance revenue stream, achieve Rs240 billion for the fiscal year

Low gas supply mainly behind costly power production

Finance ministry yet to release Rs400m needed by investment council

Private sector faces limited credit availability as government borrowing surges

Say leadership crisis leaves Pakistan among top five most vulnerable countries

Cites impact of keeping inventory, high inflation and borrowing cost

Interbank sees currency gain Rs1.09, closing at Rs277.48/$

Kamil says investment will reduce dependence on foreign services

Minister advocates cooperation among govt, industry, regulatory bodies

Pakistan wants to see South Asia as economically linked region

Carpooling, route optimisation offer savings and efficiency for companies

Association says investors shying due to regulatory unpredictability

IMF projects Pakistan’s external debt to be $136.5b by the end of FY24

Arrival of $2b Saudi loan props up rupee that gains 0.44% at Rs278.57 per dollar

Iqbal reaffirms commitment to providing favourable environment to Chinese companies

Asks investors to set up regional engineering design centres in Pakistan

Move comes after the company pulled the plug on a JV worth $19.5b

Finance ministry allows 15% of Q1FY24 budget for parliamentary schemes

ECC turns down industries ministry request to review land transfer decision

Agreements finalised for export of 600 tonnes to Indonesia and Vietnam

Becomes first-ever auto-manufacturer to enter global supply chain market

Due to weaker US dollar, rising demand forecasts

Puts off decision on hiring financial adviser for privatisation of Roosevelt Hotel

PCA South uncovered over invoicing worth Rs69.50b at the import level

Agree to relocate ceramics units from Zibo city to Pakistan

$27 billion deal aims to boost country’s capacity to produce energy