Business

SBP attributes decrease to debt repayments

Petroleum Division spent Rs1.6b on case in international court

Draws support from IMF remarks on $3b loan programme

During the previous selection process, the cabinet had designated Zahid Mir as the managing director of OGDCL

Costing Rs174b, schemes green-lighted hours before end of govt’s term

Secures equity financing of Rs435.33m through sale of 101.24m shares

Envoy says trade between Pakistan, Netherlands has increased to $2b

Consul general says accomplishments make it prime avenue for investment

KPT handover agreed on same terms that cabinet declined two days ago

Pakistan’s rice export to China in 2022 surpassed $455 million with a volume of more than 1 million tonnes

Experts say lending size should be at least 30% of agronomy, which is Rs5 trillion

Currency ticked up Rs0.25 to Rs294.50/$

NEPRA blames expensive fuel for increase in electricity prices for June

LMC says closure will not affect customer experience, automotive needs

Trade between China and South Asian nations rose to $200b last year

Warns of possible cuts to some of the nation’s biggest lenders

Barrick says it will support PIF coming in through Pakistan’s 25% stake

Announced net consolidated profit of Rs59.54b, up 63.5% from last year

Bumper first-half results from banks brought the issue back into focus

Purchases will stabilise prices that fall below intervention threshold

Gap remains higher than the IMF’s recommended 1.25% spread

Iqbal vows to make Pakistan hub of innovation and progress

Says global companies re-evaluating willingness to operate in Pakistan

Grants $1b incentives to boost diesel, petrol production

Electricity price will rise Rs5 per unit, including applicable taxes and charges

National debt soars to Rs59tr in first 11 months of FY23

Beep Pakistan is slated for public use within a year

Pakistani currency dropped over 1%, or Rs3, to Rs295 against the US dollar in the open market on Monday

Paves way for the hiring of a financial adviser for Roosevelt Hotel

Group’s shares, which have risen about 12% this year to 32.65 riyals, were up 1.1% at 1420 GMT on Monday

Rupee fall outweighs increase in property prices, eating up investments

But will this unlock prosperity or is just a fleeting mirage?

Transformation plan creates winners, losers and is never win-win scenario for everyone

This roadmap has three main pillars: low taxes, open trade, and a level playing field

Companies investing in sustainability can yield up to 10% higher profits

In 2022-2023, textile exports fell by 15 percent to $16.5 billion

Govt reluctant to burden consumers with heavy cost of condensate transportation

Joint initiative will help make food secure, manage crop diseases

Forecasts third-quarter rebound

Conference highlights transformative pathways for climate resilience

KSE-100 index rises 1,509 points, settles at 48,586

Domestic prices soar despite being locally produced, in order to meet export targets

Businessmen stress importance of proactive governance model

July losses from Typhoon Talim, which landed in southern China in the middle of the month, were 2.61 billion yuan

Say delay in implementation of agreed matters will cause damage to industry

Envoy urges enhanced China-Pak collaboration to open new avenues

Lahore, Multan chambers join hands to enhance economic wellbeing

Sources say talks could mark first step towards enhanced cooperation

Gwadar Port and the completed Phase one of the Gwadar Free Trade Zone, stand as testaments to CPEC’s achievements

Currency within domestic economy has surged to 29% or staggering Rs9.15 trillion