Business

Indian govt reduces duty by 20%, puts growers’ livelihood at stake

MD says three to four companies in queue to raise equity from PSX

Commission will have up to 13 months to assess whether to impose tariffs above the standard 10% EU rate

Contractor, hired to supply electricity to mobile tower, held responsible for gas theft

Extreme heat, flooding could erase earnings from four Asian countries by 2030

Gains Rs1.07 and hits over 3-week high at Rs298.82/$

WTO report doesn’t cover de-dollarisation of economies, its impact on trade

Both sides expressed determination to bolster ties, focus on trade, connectivity, energy, tourism

Expert calls for formulating effective policies for swift recovery of auto sector

Monetary Policy Committee will meet on Sept 14, 2023

Prices raised for SNGPL, SSGC consumers by 2.79% and 3.08%, respectively

Plans to establish currency exchange company in Pakistan

'Pakistan is ripe for investment' say Pakistan’s Ambassador to the United States Masood Khan

Hits three-week high at Rs299.89/$ in the interbank market

Earnings driven higher by rise in sales, share of profits from associates

Currently yields 830bpd of oil and 1.0mmscfd of gas

OMCs reportedly generated Rs12 billion due to inventory gains during recent increase in oil prices

Govt to offer cash rewards for information on smugglers, hoarders

To take Mini brand all-electric in fresh boost to Britain’s car industry

Companies that need to purchase $50m will need PBOC approval

Senior executives sign multiple deals on chipmaking, EVs, planes and AI

Commits to collaborating with World Bank to uplift marginalised regions

Marks first time in over a year to surpass interbank rate

AsiaPak Investments to invest $545m in Thar coal, boost electricity supply

Inflows dipped 24% to $2.09b in Aug as illegal networks attract more money

Pakistan’s largest mobile operator strongly denies allegations

Pakistan has typically performed poorly in terms of its exports

Beyond certain threshold, marginal utility of interest rates decreases in controlling imports

If smuggling is on rise, it implies tariff rates and excise duties are too high

Such facility can boost energy security and economic activity in country

Contracts with independent power producers struck at unfavourable terms

Hike expected to be announced next week

Investments in localisation, technology dampened by increased competition

Highlight role of regional cooperation, renewable energy

Director says joint efforts will target disbursements of $2b in FY2023-24

KSE-100 index gains 701 points, or 1.5%, and settles at 46,013

Decision comes as banks increase lending rates to historic average of 25%

Airliner hints at restructuring also coming back “on track”

Money will go towards restoring livelihoods, promoting tech, training youth

Biden also visits Hanoi as US plans to boost Vietnam’s role in chipmaking

Staff went on strike at two major projects in Australia

Fiercely oppose govt’s decision of early market closure

Wants to keep project alive, avoid legal battle

Hydrocarbon deposits deplete rapidly since no new major discovery made

Reaches 26.41%, pushed continuously by surge in food, energy prices

Declares loss of Rs2.28/share, in contrast to profit of Rs4.46/share in FY22

Consumers forced to pay Rs1.5b for system constraints in July FCA

Summon triggered by consumers outcry over inflated bills, meter reading complaints

Worries rise about tight supply on voluntary cuts by Saudi Arabia, Russia

Ministry attributes trend to quality seeds, incentives