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Chinese firm keen on establishing plant
Minister, Chinese team discussed cooperation in energy, health and technical training
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Exploit GSP Plus to achieve stability: EU
Pakistan must seek extension of facility to qualify for another tenure
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Qatar lifts ban on seafood
Import allowed under certain conditions with effect from February 22
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Pakistan, China launch industry-education initiative
Project aims to build skilled labour in Pakistan, says envoy to China
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SNGPL board removes managing director
Step taken over alleged corruption; board will make final decision after review
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Stocks retreat as investors stand on sidelines
KSE-100 index drops by 623 points, or 1.49%, at 41,119
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Gaming, animation centre planned
The Rs2.5 billion centre will accommodate 2,000 students, 50 companies
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Pakistan’s gold balloon bursts
Falls to Rs196,000, a drop of Rs14,500 from record high of Rs210,500
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US seeks reversal of tax increase
Embassy delegation meets SAPM to lend support to foreign beverage firms
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Task force reviews KE payables, receivables
KE says it is owed Rs486b in tariff differential subsidy claims
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US to push debt relief, Ukraine aid at G20
G20 finance ministers, central bank governors will meet between February 23-25
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CPEC’s ThalNova to begin operations
ThalNova and TEL collectively will provide 660MW of electricity
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Oil prices dive $3, head for weekly loss
Pressured by worries that future US rate hikes could weigh on demand
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Textile exports post 3% decline in Jan
Dropped to $932 million, down by 15% compared to January 2022
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‘Price control’ causes Rs36b loss to oil industry
Industry denounces govt for violating approved pricing formula
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Fiscal imbalances to hit funding
The country can no longer afford to have a large current account deficit
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PM stops FBR from wasting Rs1.6b on luxury vehicles
Directive comes as revenue board plans to buy 155 such vehicles
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Rs170b mini-budget approved
Senate panel endorsed budget with razor-thin 3-2 majority, gave suggestions
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Lack of terminal capacity causes outrage
Terminal operators face rapid decline in revenue due to delay in clearance
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In 8 years, Pakistan can make $60b: OICCI report
Says digitisation offers innovative employment prospects to 23% of the population
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Turkey quake damage estimated at $25b
UN appealed for over $1b in funds for relief operation
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Consumers to see Rs2.3 reduction in Feb bills
Applicable to all consumers of DISCOs except KE, lifeline users
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External public debt falls by $4.7b
Debt shrinks in dollar terms as foreign banks refuse to roll over loans
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State minister opposes supply of subsidised gas
Gas being provided at 70 cents per mmbtu to fertiliser manufacturers
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Rising cost of living: fuel prices jacked up again
Petrol price jacked up by Rs22.20; HDO by Rs17.20
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SBP’s forex reserves rise above $3b by $276m
Market talk suggests dollar buying by central bank has bolstered reserves
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Pakistani fintech AdalFi raises $7.5m to tackle lending challenges
AdalFi’s proprietary technology scores the financial transactional data already possessed by banks
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Tax hike to favour illegal cigarette producers
Tax-paying manufacturers fear volumes will shift to tax evaders
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PTCL posts profit of Rs9b
Group achieved double-digit revenue growth of 10.2% - the highest in its history
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‘Fixed electricity charges unfair on industries’
LCCI says NEPRA’s MDI initiative is leading to closure of industries
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Two-year extension granted for Missa Keswal field lease
Govt approves extension keeping in view energy crisis in country
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Rupee reaches 3-week high
Market talk suggests the rupee continued to gain strength in wake of an increase in supply of dollars in the market
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Energy tariff ‘compulsory’ for export sectors
Businesspeople say discontinuation will make textile export industries unviable
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FBR aims to buy 155 luxury vehicles
Plans to make purchase from World Bank’s $400m revenue raising project
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Corporates blamed for climate crisis
Climate change minister urges corporates to help steer country out of crisis
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NTSOC launched for cyber security
PTA aims to secure telecom data, infrastructure against cyber-attacks
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Higher gas prices to harm steel, cement industries
Weighted average cost of gas to go up by 43%, says AHL
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Ethiopia envoy invites rice exporters
Says exporters can invest in Africa’s agri-sector, transfer technology
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PM to chair task force on economy
Some objectives seem contrary to agreement between Pakistan and IMF
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CPPA-G to recover Rs350b
Senate panel asks for details of KE receivables and payables to govt
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Govt plans to quadruple domestic coal-fired energy
Seeks to switch to coal to provide citizens reliable electricity, reduce fuel imports
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IMF demands big rate increase
Will give strong signals of market stabilisation policies, ease inflationary pressures
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Fitch downgrades Pakistan
New rating indicates country is managing high risk of default on its foreign debt
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Govt gives in to IMF, more than doubles gas tariff
Approves increase of up to 113% in natural gas prices
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K-Electric to invest Rs484b in T&D
To improve network reliability for smooth and reliable supply of power
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Indus Motor’s after-tax profit drops by 72%
Automaker earned Rs1.3 billion in quarter ended Dec 2022
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Auto sales slow to 31-month low
Reduced sales attributed to partial halt to production, price surge
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Steel industry in trouble: PALSP
Struggling to stay afloat amid shortage of raw material, high inflation
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Russia to sell 80% oil to ‘friendly’ countries
Oil edges higher as market weighs Russian supply cuts amid demand fears
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NEPRA rejects lower tariffs for solar units
Regulator considered proposal to reduce tariff for net metering users to Rs9 per unit













































