Business

Senior executives sign multiple deals on chipmaking, EVs, planes and AI

Commits to collaborating with World Bank to uplift marginalised regions

Marks first time in over a year to surpass interbank rate

AsiaPak Investments to invest $545m in Thar coal, boost electricity supply

Inflows dipped 24% to $2.09b in Aug as illegal networks attract more money

Pakistan’s largest mobile operator strongly denies allegations

Pakistan has typically performed poorly in terms of its exports

Beyond certain threshold, marginal utility of interest rates decreases in controlling imports

If smuggling is on rise, it implies tariff rates and excise duties are too high

Such facility can boost energy security and economic activity in country

Contracts with independent power producers struck at unfavourable terms

Hike expected to be announced next week

Investments in localisation, technology dampened by increased competition

Highlight role of regional cooperation, renewable energy

Director says joint efforts will target disbursements of $2b in FY2023-24

KSE-100 index gains 701 points, or 1.5%, and settles at 46,013

Decision comes as banks increase lending rates to historic average of 25%

Airliner hints at restructuring also coming back “on track”

Money will go towards restoring livelihoods, promoting tech, training youth

Biden also visits Hanoi as US plans to boost Vietnam’s role in chipmaking

Staff went on strike at two major projects in Australia

Fiercely oppose govt’s decision of early market closure

Wants to keep project alive, avoid legal battle

Hydrocarbon deposits deplete rapidly since no new major discovery made

Reaches 26.41%, pushed continuously by surge in food, energy prices

Declares loss of Rs2.28/share, in contrast to profit of Rs4.46/share in FY22

Consumers forced to pay Rs1.5b for system constraints in July FCA

Summon triggered by consumers outcry over inflated bills, meter reading complaints

Worries rise about tight supply on voluntary cuts by Saudi Arabia, Russia

Ministry attributes trend to quality seeds, incentives

Pledges to implement PLL-PGPCL agreement before Sept 17

IMF asks caretaker govt to implement terms of $3b standby pact

WAPDA chairman directs finishing diversion system in low-flow season

Loan being taken to improve tax compliance that only requires efficient tax dept

Exceed income by Rs156b, sparking concerns of debt sustainability

MD urges nation to reduce dependency on gas, transform consumption habits

K-Electric claims 100% dollar indexation for tariffs of solar power plants

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