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50MW IPP plant proposed for Gwadar Port
Upcoming meeting to discuss, green-light proposals for fixing electricity issues
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Exporters seek restoration of RLNG supplies
Fear crisis in export-focused industries, worsening of trade deficit
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Oil prices dip but stay close to $120
Saudi Arabia raised price for Arab Light crude supply to Asia buyers
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IMF deal: not beginning of end
IMF’s preconditions require continuous belt-tightening, starting with budget
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Bourse closes in green on cherry-picking
Benchmark KSE-100 index adds 262.33 points to settle at 41,577.21
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Palm oil imports to rise as Indonesia lifts ban
Jakarta paying special attention to edible oil needs of Pakistan
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Sri Lanka’s growth trajectory: some policy lessons
Sound economic policies result from conscious process of dialogue, analysis
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Climate change killing agriculture
Changing weather has hit wheat and mango production this year
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Fuelling growing economic dilemma
Delay in acceptance of IMF conditions increases economic uncertainty
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Refineries seek increase in bank credit
Insist govt can save $200m per month by raising credit limit for crude oil imports
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Inflation to stay in double digits
APCC sets 11.5% inflation target, expects economic growth to slow down to 5%
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Elon Musk wants to cut 10% of Tesla jobs
Almost 100,000 people were employed at Tesla and its subsidiaries at end of 2021
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Industry losing incentive to operate
Denounces govt for taking easiest path through fuel and electricity price hikes
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US market rebound faces key inflation test
Strong inflation may bolster case for more aggressive monetary tightening
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Bears take centre stage, erase 1,547 points
Increase in T-bill yields, surge in oil and electricity prices dent investor interest
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Air Canada sees rebound in demand
Canada’s largest carrier is seeking to augment its presence in the region to meet high demand
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Japan mulls resuming tourism discount
The programme was shelved five months later as the pandemic surged
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Pakistan has little share in Malaysia imports
Lahore Chamber sees huge potential for export of rice, fresh fruits
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Minister lays stress on energy conservation
Chairing a session on energy conservation measures to resolve the current energy crisis
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Businessmen demand removal of trade hurdles
Say it is imperative to boost regional trade, enhance exports
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Green CPEC to play key role in tackling climate change
Senator says Pakistan’s dependence on imported gas making situation worse
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ICCI advocates climate-resilient policies
Points out climate change risks will create food and energy security issues
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Boeing chief says no plan for equity raise
Signals it will take two years before launching new aircraft programme
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Oil rises despite OPEC+ output hike plan
Support also comes from rising demand as China eases Covid restrictions
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India’s cyber security rules spark fears
Top tech companies call for one-year delay before rules take effect
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IT park planned near Karachi airport
Land worth Rs31b acquired for state-of-the-art project
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Kazakhstan renames its oil
Four sources in Kazakhstan's oil companies also confirmed the renaming of their barrels
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Rupee falls 0.17% against dollar
The continuous increase in the international crude oil prices also proved to be a negative development for the rupee
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German exports bounce back
The boost for Germany’s export-driven economy came despite a collapse in trade with Russia over recent months
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Turkish inflation soars to 73%
Nevertheless, the consensus forecast was for annual inflation to rise to 76.55%
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Traders promised conducive environment
Minister asks private sector to lend helping hand to govt
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SBP injects Rs1tr into open market
Provides money to banks for longer period to push for interest rate cut
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Essential goods’ prices jump 20%
Discrepancy found in price data gathered for Sensitive Price Indicator
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Commemorative banknotes proposal rejected
PM stops SBP from getting banknotes printed abroad for 75th Independence Day
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Business leaders slam petroleum price hike
Term it unprecedented that will unleash new wave of inflation
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Imran ‘set a trap’ for us by lowering POL prices: Shehbaz
PM says PTI govt gave relief to masses only after realising that vote of no-confidence was going to succeed
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Peugeot 2008: The best-selling European car ready to make its mark in Pakistan
The vehicle will be specially customised for Pakistani roads, hence accenting the finest safety and anatomy features
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Govt mulls taxing realtors’ gold mine
Planning to increase property valuation rates for entire capital city
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Delay in hiring MD irks shareholder
OGDC spokesperson insists existing MD performing duties to board’s satisfaction
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Apparel exporters suffer as power crisis deepens
PRGMEA urged the government to take quick action against load-shedding for the export industry
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Trade gap swells to $43b in Jul-May
Deficit widens 58% as imports surge to $72b, putting pressure on forex reserves
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Work begins on five tech zones
Additional tax concessions sought for zones in upcoming budget
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Power tariff hike jolts business circles
Traders say it will jack up business cost, open floodgates of inflation
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Rice export to China crosses $225 million
Chinese technology helps Pakistan increase rice yield
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Moody’s downgrades Pakistan’s rating outlook
Says high global commodity prices will lead to widening of current account deficit
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SBP’s forex reserves fall $366m to $9.7b
Central bank cites external debt repayment as reason for decrease
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Rupee strengthens against dollar
The rupee had been on the downtrend since hitting 22-month high at Rs152.27 in May 2021
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Minister for timely project completion
Minister says Pakistan in dire need of water and low-cost electricity
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Ford to invest $3.7 billion
Ford Motor to invest in assembly plants for production of both electric and gasoline-powered vehicles
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Stocks dive over hike in T-bills yield
Benchmark KSE-100 index sheds 518.13 points to settle at 42,237.91