Business

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

Revenue board collects Rs7.14tr in FY23 against target of Rs7.64tr

Other notable export destinations include Germany and the UAE

OCAC rejects notion of forex savings, fears repercussions for overall economy

Govt increases tax burden on people, gives more benefits to lawmakers

DNI Group, Neem partnership aims to promote embedded finance in Pakistan

Budget review comes after PM met IMF MD over the weekend

Brent crude futures were up 54 cents, or 0.7%, at $74.39 a barrel at 1633 GMT

Business community criticises govt for ‘mishandling’ economy only to revive IMF

SBP's previous instructions to commercial banks to allow only priority-based selective imports withdrawn

Says load-shedding is done on basis of theft, non-payment of bills in an area

MPC notes potential upside risks to inflation outlook have increased from last meeting on June 12

Minister’s main job should be to lay foundation of sustained economic growth

It is argued that the US uses global financial institution as a tool to further its geopolitical interests

Despite trying hard, govts have failed to address structural problems via reforms

SMEs in Pakistan face trade barriers, lower export participation, hindering economic growth and development

Benchmark KSE-100 index dives 1,236 points and settles at 40,065

Acquired 53.74% through tender offer as Shinsei still owns 22.98% stake

S&P 500 pulls back for the week despite being more than 13% up since the year began

Cites IT, energy, tourism and agribusiness for forging cooperation

YoY earnings rose 0.1% in Q1, better than the forecast for 5.1% drop

Businesspeople predict restrictions will remain in place due to low forex

Will use funds for expansion of Balikpapan oil refinery

Businesspeople urge Dar to resolve multiple discrepancies

Letter claims CEO carried out surveillance of his deputy

Dar announces Rs85b cut in spending to shrink fiscal deficit

ECC also approves extension for export of 250,000 metric tonnes of sugar

GWM VC says at the beginning of current year, Pakistan encountered challenges in the automotive industry

LESCO urged to establish separate office, helpline for industrialists and traders