Business

Company receives export order of 600,000 tons per year worth $360m

NEPRA will conduct public hearing at end of current month

Says non-clearance of LCs is causing forced closure of industrial units, unemployment

54 chamber leaders warn govt, politicians to work together

Indicates that situation over balance of international payments is under control

Dr Waqar Masood Khan could be new member of Dar’s core team

Railways wants to give vast land for fibre optic cables to generate revenue

ADB says CAREC region needs $340b in power investments by next seven years

Chamber leaders urge central bank to provide clarity on LCs

Bank also opposed additional taxes on imports, postpones until FY 2024

Industrial closures will raise unemployment, create shortages

SBP official says 20% of commercial banks have adopted Islamic banking

Allows Fauji Foundation to acquire $4.9m stake in power plant

Plunge by 1,379 points to close at 38,342, making it single largest drop witnessed in 7 months

Pasha forecasted that Pakistan’s overall economy is likely to remain in severe stagflation in 2023

It will put Rs4.9b burden on consumers, will not apply to K-Electric

Two sides have yet to find common ground on a host of issues

Containers held up at Karachi port as the country grapples with a desperate foreign exchange crisis

Assistance for Keyal Khwar project will promote energy affordability

LCC Korea authorised the sale of over 1.13 billion of its shares

Imported potassium iodate held at port for past 15 days

Competition laws can reduce prices of essential items by 25% to 30%, says chairperson

At event, top 50 startups from Pakistan will meet tech investors

Trade to benefit from China’s soft Covid policy, says commercial counsellor

Exchange companies say rate will increase inflow of remittances

Barrick Gold will complete project’s feasibility study update by end of next year

Amount taken out of schemes facing implementation delays

Country saves over 700m tons of carbon emissions by polluting 4x less than global average

There is a long series of politically motivated assurances that were not honoured

Textile industry is a primary driver of export growth, but it also consumes a significant portion of subsidies

Rulers are found blaming opposition and external factors, instead of looking at their self-centred policies

Minister may have best opportunity to contribute towards economic recovery

Shortage leaves banks refusing to issue new letters of credit for importers

Qatar, UAE ministers say more investment required

The number of exits exceeds that of the last five years combined

KSE-100 index drops by 684 points to settle at 40,323

New buyers show interest in exporting Pakistani goods

Businesses outcry dollar constraint as LSMs, exporters suffer a shortage of raw material

ECC likely to give go-ahead in bid to reach out-of-court settlement

To promote financial inclusion in unserved, underserved segments of society, says SBP

Minister says federal govt had plenty of wheat reserves; claims provinces not releasing grains

Envoy says Ethiopia too has been hit by climate change, but has brought green revolution

Offers ‘excellent’ opportunities to grow their businesses

Pakistani student’s idea becomes centre of attraction at German fair

On account of petition filed by the government regarding uniform tariff for Discos and KE

Due to economic uncertainty and inflation

Govt, however, expected to keep prices unchanged by adjusting petroleum levy

Diverts 20% funds towards lawmakers’ schemes to bypass provincial govt

Oil companies send letters to finance secretary and SBP, seek intervention

Saudi interested in supporting govt in navigating Pakistan's economic challenges and building a sustainable economy