Business

Marks 27% YoY decline in FY23, lowest sales numbers for OMCs since FY06

Will propel industries towards untapped potential

Drop raises concerns about impact on the industry, economy

Gains 3.83%, equivalent to Rs10.55, in a single day – largest increase in 7 weeks

Major Gulf markets in black, tracking high oil prices

Imports decreased by 31% while export earnings contracted by nearly 13%

Low margins, high taxes deter post-Covid business recovery

The meticulously designed residential development offers residents an unrivalled quality of life

Country's trade deficit was $1.81b after a decrease of 15% on a monthly basis, annual trade deficit decreased by 63%

Lender set to disburse $1.1b first tranche of $3b stand-by arrangement with Pakistan

Oil industry players will now only need to inform OGRA 15 days prior

Sanctions force Moscow to find alternatives to dollar for settling payments

CEO says stability will improve investor confidence

Delegate says average utilisation of solar plants merely 19% in Pakistan

Tier-one vendor Agriauto Industries announces partial shutdown in July

Cuts amount to 1.5% of global supply, sending prices higher

Rise $533m to $4.06b as govt bank loan is realised

Financial sustainability still under threat as Pakistan has to repay $25b

10-year Pak Eurobond gains 2.75%, or $2, to reach 74.3 cents on the dollar

DISCOs’ management must be privatised alongside equitable financial sharing between federation and provinces

Year-on-year inflation was 29.4 per cent last month, Pakistan Bureau of Statistics data shows

Debt reprofiling could perhaps be a silver-lining to put our house in order

Economic stability cannot be achieved by burdening the already taxed individuals

Pakistan touts itself as a champion of privatisation but it has not benefited the country

They hold potential to rejuvenate economy but it depends on political stability

Bloc pumped 50,000 bpd less than May’s figure

Photovoltaic power may address energy shortage

Major US stock indexes notch weekly, monthly, quarterly gains

KSE-100 index surges 1,387.37 points, settles at 41,452.69

Stocks and rupee expected to soar when markets open next week

Musk calls it temporary emergency measure

This is Apple’s fourth straight record high close

Malik praises Pakistan’s government for making the best possible efforts to secure the agreement

Raises hopes about potential investments in Pakistan in the days to come

Govt wants to open Escrow account to deposit money for upgrading refineries

RRDB chairman calls on govt to provide interest-free soft loans to farmers to adapt

Beijing has modern technology that can lift chemical industry under CPEC programme

Renewables to generate 81% of the country’s electricity by 2030

Euro and dollar become less useful guides to other currency moves

Offsets losses to negligible 0.20% decline, closing at 41,453 points on Tuesday

PBF Spokesperson, Zainab Jatoi expresses disappointment with incumbent govt’s handling of the financial situation

EIA’s official supply report is due out at 1430 GMT

Diesel rate, however, likely to surge by Rs13.84

Value drops 28% (Rs81) in FY23, with projections of further losses in FY24

Drop to approximately $100 per tonne, the lowest level in 26 months

Minister announces inclusion of ‘entrepreneurship’ in curriculum

Foxconn, best known for assembling Apple’s iPhones, previously invested about $52.7 million in Lordstown

Stands at Rs197 billion, surpassing last year’s revenue of Rs170.5 billion

OGRA conducts hearing on grant of licence to pioneer project

Shake-up likely to become more extreme in the next few years