Business
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Artificial intelligence in Pakistan
Number of startups providing services, building products is relatively small
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Whopping circular debt: why and how
Debt flow may be reduced, but it cannot be wiped away soon
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Japan to support its firms’ stake in Sakhalin-2 project
Tokyo faces energy security risk as tensions rise with Moscow
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Bank of Canada sees inflation at over 8%
Is very concerned about wage price spiral
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Airbus loses bid to use French law in Qatar row
Qatar Airways suing plane-maker for $1.4b over damage to painted surface on jets
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Manila to renegotiate loan deals with Beijing
Agreements had been struck for rail projects worth $4.9 billion
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G20 finance talks overshadowed by Ukraine war
Meeting fails to reach consensus, ends without joint communique
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Indonesia removes export levy
Since lifting the ban, Jakarta has implemented rules on mandatory local sales
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South Africa sees end to power cuts
Eskom has blamed the outages on striking workers hampering efforts to bring faulty generation units back online
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OPEC+ to assess market conditions
Saudi Arabia and its OPEC partners pump more oil
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Stocks end positive in relief rally
Gain 731 points on support from IMF programme resumption
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Traders demand raw material delivery points
Call for issuing more licences for quick delivery of imported goods
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$200m loan to transform farming
World Bank financing will provide support for adopting climate-smart technologies
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Tax disparity favours LPG importers
Regulator recommends govt to impose uniform taxes on local, imported fuel
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Economic outlook could turn worse: IMF
Urges major economies to act swiftly against inflation
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Pakistan faced Rs5.1 tr default risk at end of PTI tenure: Miftah
Finance minister says he imposed 10% super tax on PM’s sons’ factories while Imran Khan gave 'amnesties to friends'
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Businessmen asked to tap Cambodian market
Envoy assures them of full cooperation in promoting exports
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Pakistan aims for 60% clean energy by 2030
Planning minister calls for fulfilling pledges of $600b investment in clean energy
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Rupee falls despite IMF deal
Yields on govt papers cool down since staff-level agreement with lender
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Car sales soar prior to imposition of taxes
Hit record high at 28,379 units in June, up 106% year-on-year
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Experts lay stress on export diversification
Believe focus on tap will help control trade deficit
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Advisory body opposes new IT taxes
Fears taxes will force freelancers and startups to park earnings abroad
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Solar investment need of the hour
China has invested $125 million in solar PV plants in Pakistan
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Russia terms oil price cap attempts risky
Says G7 move may in fact cause prices to rise
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Alibaba cuts staff after regulatory crackdown
Job cuts mainly involve mid-level, senior people in mainland China
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Aid flows stifle economic growth
SAARC Chamber insists trade not aid is solution to economic ills
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Regional links require new push
Better connectivity with region will ramp up economic growth, rein in inflation
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SBP’s forex reserves fall $99m to $9.7b
Decrease came due to external debt payments
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CDNS sets Rs1.5 trillion savings target for FY23
Believes ambitious goal will promote savings culture in country
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Oil falls ahead of large US rate hike
Prices have tumbled in past two weeks on recession concerns
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Farmers asked to use Chinese technology
Mechanised farming will help harvest bumper crops, achieve food security
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Rupee strengthens vs dollar
Pakistan is expected to receive around $1.2 billion in the next loan tranche from the IMF
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UAE announces $2 billion investment in hi-tech Indian 'food parks' to ease shortages
Biden says investment could 'increase India’s food yields in the region three-fold in just five years'
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CPEC a model for energy scenario
Minister says energy sector efficiency has increased, but more needs to be done
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KMBL gives home loans of Rs10.9b
Loans of Rs8 billion provided to more than 15,900 low-income people to accelerate socio-economic development
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Govt nod sought for plastic-body bikes
Industry demands tax incentive for low-cost production
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Euro falls below parity
Stands at less than $1 per dollar for first time in two decades
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US consumer prices at 40-year high
Energy contributed half of monthly increase as gasoline prices jumped
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Rupee loses 1.04% to two-week low against dollar
Currency falls on speculation about delay in resumption of IMF programme
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T-bill rate surges to record high
Govt borrows Rs506b in auction of treasury bills against target of Rs500b
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Miftah calls economic stability top govt priority
Says focus is on financial discipline through business-friendly policies
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Global economic outlook has ‘darkened’: IMF
Lender projects further downgrade to growth in 2022 and 2023
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Pakistan’s employment rate shrinks
Economic slowdown takes toll on job market as some sectors report layoffs
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Oil falls below $100 on strong dollar
Weak demand outlook also weighs on crude price
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Biden to persuade Riyadh to pump more oil
High prices take US inflation to highest levels in decades
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Jaggery exporters demand withdrawal of ban
Traders argue export of commodity will not cause sugar shortage
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Govt plans to fill vacant posts swiftly
Will ensure Balochistan’s representation in federal services to address development issues
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Tech helps tackle societal issues
Change is always scary, but digitisation will be crucial for development
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Top LNG producer asks US to drop pollution rule
Says limits on emissions will endanger efforts to ramp up supplies to Europe
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CEO of Canada’s oil producer steps down
It comes after a string of fatalities