Business

Lenders anticipate a further increase in central bank’s interest rate

Govt also decided to increase price of fertiliser by 9%, or Rs190 per bag, to cut subsidies

Will provide relief of Rs10.67b to KE’s consumers in Karachi on account of FCA

Stands at 227.93 vs dollar amid conflicting reports about IMF programme

Businessmen fear funding can put Pakistan under more debt burden

For industries ministry, subsidy is only viable option to jump-start e-bike production

Minister says forex funds held by commercial banks are property of citizens and govt is not considering access to them

Attributes closure to the non-availability of dollars to import raw material

Will enable govt to auction 300-400 MHz spectrum bands to generate revenue

Expect to secure record number of orders by finding new buyers

Forecast points to a sharp, long-lasting global slowdown with growth pegged at 1.7%

PM Sharif to visit UAE from January 12 to January 13 to advance investment ties

Call on all govt organs to jointly draw up charter of economy

Income reaches Rs694b, driven by increased use of telecom services

Gold prices come down by Rs3,300

Directs ministry to launch media campaign

Indonesia, Malaysia sign 8 agreements

Demand opening of LCs, release of sales tax refunds

Business community says without IMF, reforms funding won’t change anything

Estimate savings of $1 billion per year

Closes at 40,504.76 points, down by 1.23% as bears dominate

Says support will create fiscal space and external debt sustainability for the country

Says footwear exports are stuck at $156 million

Violates law by not filling vacant post of central bank director in one month

Why savers should consider investing in mutual funds as a practical option?

Feudalism, dictatorships have not allowed culture of dialogue and reason to develop

State units can destroy value if best practices are not applied

External debt servicing burden country faces today is one of the highest in the world

If Pakistan becomes more protectionist, it will make industry more uncompetitive

The country has repeatedly been unable to negotiate better terms with automakers for exports from the local industry

Two choices fro Govt: saving the economy by going to the IMF or salvaging its vote bank by foregoing the lender.

Alsaud is a co-founder of tech giant ILSA Interactive, which was founded in 2009

KSE-100 index gains 587 points to settle at 41,007

Financing LCs through open market to divert forex from hawalahundi markets

Earlier, Ministers Tariq Basheer Cheema and Miftah Ismail had turned down export demand

No legal framework in place to recover money from domestic consumers

Fund says MD Georgieva spoke to Shehbaz on prime minister’s request

Forms committee to sell the power plants on fast-track basis to avoid default

Demand comes following closure of two tractor plants

The new company will cater to the needs of around 726,000 consumers

Hoarders, profiteers blamed for causing artificial shortage

FAO’s food price index averaged 143.7 points in 2022, the highest since the 1990s

Businesses look for tech models that can deal with economic issues

A weaker dollar can boost demand for oil as dollar-denominated commodities get cheaper for holders of other currencies

Worsening security situation continues to dampen trade enhancement efforts

Recommended adoption of austerity measures, urgent restructuring of debt

Cites reduced demand, cash flow constraints as reasons

Under 25-year contract, company will invest $150m a year, increase to $540m in 3 years

IFS aims to reduce operating costs, improve competition and services

Makes insufficient investment in exploration, development activities