Business

Benchmark KSE100 index drops 309.08 points to settle at 42,195.26

E-commerce sector to hit $12b as acquisitions, growth accelerate

Earnings get boost from increase in sales, income from other source

It will identify gaps, seek input on modern ICT needs, employ best practices

Recovers Rs1.8 in inter-bank, Rs8.5 in open market

Country’s consumer electronics market saw estimated spending of $8.5b in 2020

Has converted 99.8% of branches into Shariah-compliant business model

Govt expected to opt for exchange rate adjustment, increase in taxes

Govt decides to merge Kamyab Pakistan Programme with similar initiatives

Dispute involves Rs52b with 12 independent power producers set up under 2002 policy

OPEC+ production cut can coincide with boost in supply from Iran

Has set ambitious target to become net zero carbon company by 2035

GDP to fall by little more than 2% this year, followed by decline of no more than 1% in 2023

Dubai has grown its diamond industry by leveraging its proximity to Africa and Russia

Inflation near double digits in many big economies, a level not seen in nearly half a century

US currency, however, kept in check by euro with ECB rate in focus

It will facilitate and boost animation industry in country

Base tariff raised by Rs9.89, increasing cost per unit to around Rs30

Pakistani side will also participate in other activities including a signing ceremony

Pakistan is expected to receive around $1.2 billion in the next loan tranche from the IMF

Incentives include income tax exemptions and waiving of import duties

Move is expected to ease burden on country’s foreign reserves, reduce electricity tariff

Ready to facilitate manufacturers to create jobs, push exports

Ends uncertainty that multiplied in past three years

Asia's third-largest economy is grappling with persistently high unemployment and inflation

IT benefits cannot be enjoyed unless country has robust telecom infrastructure

With improved return, overseas Pakistanis may pour $2-3 billion per year

Idea of 5-year plans has no place in modern, capitalist and democratic Pakistan

Instead of determining prices, govt should concentrate on collecting fuel taxes

Let’s join hands to make 2022 turning point for Pakistan’s fortunes

The programme started in mid-July, the ministry said

Asks govt to resolve issues faced by Chinese firms to attract FDI

householders fearful of winter shortages wait for days and nights to stock up on heating fuel

September has historically been toughest month for market

Shows interest in joint ventures, investment to increase trade

Prepares options to support people facing soaring energy bills

CEO says it will ease foreign exchange pressure, reduce trade gap

SMEs can alleviate poverty, expand economy through job creation

Many of the world’s top economies are struggling with inflation levels

Losses to affect timelines for completion of Mohmand Dam

Benchmark KSE-100 index drops 679 points to settle at 42,592

Heavy rains on crop may force Pakistan to increase import volume

Say local companies have stopped investment due to favour given to importers

Benchmark KSE-100 index drops 441.06 points to settle at 42,591.51

SBP fixes specific financing targets for wheat crop, tractor purchase

Has remained under pressure in last 5 sessions

Repercussions include higher imports, less exports and rising inflation

Widespread damage to crops such as cotton, onions and vegetables

Govt expected to impose 17% GST on fertiliser, urea and phoshorus

Business groups reluctant to deposit Rs453b in govt coffers following court orders