Business

SBP denies dollar supply to interbank market to support rupee

Benchmark KSE100 index gains 126.39 points to settle at 42,211.64

Demand industry status for packaging, corrugated sector

Urge Tessori to address longstanding concerns of Karachi businesspeople

Dar insists Pakistan will make timely payments to commercial, Paris Club lenders

National carrier to increase operational fleet, improve local connectivity

Govt decides to avoid future investment treaties, cancels agreements posing legal risks

This is the second consecutive monetary policy statement in the past three months in which SBP has maintained the rate

Benchmark KSE-100 index gains 956 points to settle at 42,085

Blames previous govt for leaving country on verge of bankruptcy

Hydrogen peroxide, key raw material for textile, has helped turn around industry

Cash crop not significantly damaged, can bring substantial earnings

AEO programme will reduce cost, provide enabling environment to businessmen

Increase in capacity of existing terminal may deter new investors

Will wait for economy to stabilise before making next move

Records biggest gain of 3.9% on expectation of foreign currency inflows

Industry dispatches dip by 6.8% in Sept 2022

Cumulative cost said to be higher than development spending for this year

Support price announced at Rs3,000, Rs4,000 per 40 kg in Punjab, Sindh respectively

Tech partners help pave way for exports to overseas markets

Aims to generate revenue by centralising spectrum data and improve services

Rupee appreciation helps reduce country’s external debt to Rs17.4tr

Shares were down 4.3% by 0847 GMT, compared with a 1% decline for the broader European energy sector

Say industrialisation best way to engage youth in economic activities

Minister for raising productivity, adopting international techniques

After drop in inflation readings, FM hinting at low benchmark interest rate

Reserves fall due to debt repayment including interest payments on Eurobonds

World Bank believes poverty rate can increase by 2.5 to 4 percentage points

Trade with Canberra far below potential with deficit at $400m

ECC approves five-year extension for Zamzama gas field in Dadu

Rupee, however, cumulatively gained 7.41%, or Rs17.77, in past 10 days

Global lenders not in the mood to give substantial concessions on agreed conditions

Saudi Arabia rebuffed criticism it was colluding with Russia

Approval for $1.5 billion loan expected on October 21st

Phase-I of the project is scheduled to be completed in March 2024

Minister seeks cooperation in agriculture, pharma, machinery sectors

Fine imposed on account of partial blackout resulting from collapse of eight towers

Claims large number of KE employees from Sindh laid off without due process

Currency strengthens 0.76% over probe against manipulators

FPCCI says 57-member alliance of Islamic Chamber has collective GDP of $7 trillion

Will finance project via funds to be raised by parent company in US market

Asian Development Bank’s country director apprises Ishaq Dar about ongoing and future projects in various sectors

It comes due to corrective measures to cut down imports, restricted economic activities

Minister underscores need for preparing solar policy in wake of energy crisis

Penalty came in wake of blackout in several parts of Karachi in Sept 2021

South Asian diaspora, competitive prices provide opportunity to increase exports

Projects costing $500m will start producing power by end of 2023

The domestic currency maintained its momentum following Finance Minister Ishaq Dar’s remark

Renews promise to promote financial education, increase investment habit

Permission sought from SC to utilise railway land for commercial purposes