Business

Govt reverses 2-month-old decision taken by earlier ECNEC meeting

Says relief plan would impact of Rs15b, not Rs5b as Pakistan suggested in proposal

IMF loan instils little hope in the majority of businesses

Decentralise distributed generation instead of using grid extensions for electrification

Pakistan’s youth bulge provides unprecedented opportunity to expand capacity of economy

They must come up with out-of-the-box solutions as economic depression looms

Country with better connectivity has edge over others, making it good investment place

The only way to escape it is to place an immediate moratorium on all debt repayments – interest and principal

Consumers receiving bills ranging b/w Rs60,000 to Rs70,000 will likely get relief of Rs13,000, says govt sources

Telecom industry cautions against hasty 5G deployment in face of economic realities

To help fund transition to more environmentally-friendly method, reports Sky News

Labour market conditions ease, confirm that Fed may not raise interest rates

Hopes to approve schemes in development sector, secure foreign loans

Despite yearly decline, sale of diesel and petrol saw increases of 11% and 5% in August

Conference highlights high production growth capacity

OCAC warns of potential threat these guidelines pose to local refineries

WSJ reports sale could happen before the end of the year

Businessmen say widening exchange rate gap denting competitiveness

Benchmark KSE-100 index plunges 2,359 points, or 4.9%, at 45,313

Industry says govt denies them recovery of exchange rate losses and other factors

Project has incomplete payments amounting to over $43m, with $10m due to O&M contractors

Traders warn of extending strike to one week or ten days if demands not met

In inter-bank trade, currency breaks eight-day losing streak

Increases by 0.54% this week compared to last one

Says inflation outlook has deteriorated with risk to external stability

Signs consultancy agreement valued at Rs776.3 million

Bitkom survey says damage will exceed €200b mark for third consecutive year

Project could lead to substantial reduction in flood risks by 2030

To collaborate and share knowledge in mango research, technology

Millers claim big leakages via borders due to volatile global market

Consultant estimates increase in August to 3.15m bpd, highest since 2018

SBP attributed dip in Pakistan’s forex reserves to debt repayments

PM says problems cannot be resolved with tax-to-GDP ratio of just 9%

Govt jacks up petrol price to a whopping Rs18.44; PSX tumbles, rupee continues downward slide

Industrialists, traders and shopkeepers unite to demand relief from soaring power bills

Saif also addressed the challenges faced by Pakistan's large online freelance workforce

Currency hits record low vs dollar as demand from Kabul spikes

Says it will cease activities unless dues of $50m are settled by Sept 10, 2023

Projected to consume 50% less fuel compared to its petrol, diesel counterparts

Agri-secretary urges need for optimising production to ensure farmer prosperity

Urges resolution of financial transaction challenges for freelance market

Increase sought under July FCA that will put Rs22.7b burden on power consumers

Approximately 35 tonnes of rock salt sent between June and July this year through the Khunjerab land border

Committee member says use of market is pushing value of dollar up

Caretaker minister Gohar Ejaz announces goal of achieving $25 billion in textile exports for the current year

Reaches Rs304.45/$ in inter-bank trade, stoking inflation fears

Shamshad says there is barely any fiscal space available

Caretakers need foreign lender’s approval before announcing relief to people

Fears arise these directors may initiate politically motivated schemes

Calls for priority resolution of issues related to taxation, tele-density, spectrum distribution