Business

Action plan will help save $6.4b through energy efficiency audits, other features

Commercial counsellor leads Chinese delegation to 1st int’l food and agri expo

Inflation reading showed prices rising faster than expected

Benchmark KSE-100 index drops 161 points, settles at 48,424

Accounts cross 600,000, experts attribute resurgence to IMF loan agreement

WAPDA adds 8,158MW hydel power to grid

Price likely to go up in tandem with international market moves

Immediate relief from default Looms as experts debate long-term efficacy and political ramifications of IMF programme

Hopes to curb heavy dependence on edible oil imports

After forecasts for tightening supplies from IEA

Aims to enhance farm output, encourage value addition within sector

Restrictions ratchet up pressure on other rice exporting nations to follow suit

Also incorporated 41 companies listed on PSX, sparks investor optimism

SPI rises to 30.82%, prices of 29 key commodities rose 0.69% WoW

Currency depreciates after fall in remittances, forex reserves

Approval of bill raises concerns among multinational social media platforms

Total capitalisation of these entities amounts to Rs3.3b

SBP reports 19% dip, plunging to $2.03b compared to previous year’s $2.51b

Trader says Pakistan has also been raising palm oil purchases for Aug-Sept

Industry makes exports of $500 million annually

Air Vice Marshal Muhammad Amir Hayat appointed as CEO for one year

Benchmark KSE-100 index drops 419.26 points, settles at 47,808.34

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