Business

Rate cut, robust remittances take index to new high; MSCI review adds to optimism

AIIB reaffirms its commitment to supporting Pakistan’s development, focusing on climate resilience and infrastructure.

Says disruptions in internet service have led to lost business opportunities, diminished trust

Sees no need to appoint directors of closed Pakistan Steel Mills subsidiary

Pakistani rupee slips to Rs277.84/$ amid rising import demand and recent SBP rate cut, stability forecast for FY25

The price hike will be reflected in consumer bills for Jan 2025

Finance Minister Aurangzeb led the REMIT review, urging proactive revenue, investment, trade, and governance efforts.

FinMin outlines strategic steps aimed at upgraded rating, foreign investment

Results could rattle assets around the world and lead to broad financial fallout

Silver prices remain unchanged at Rs.3,430 per tola.

ECC orders third-party evaluation of interior ministry’s claims

Growth comes on export surge, offsetting dip in domestic sales

TPG Capital expresses interest in funding climate transition infrastructure

KSE-100 index soars 1,078 points, supported by hefty investment commitments

New plan exposes inefficiencies; ministry voices scepticism about its viability

Expects further rupee rise with improvement in economic indicators

Traders propose official gas distribution points in Hyderabad

Leaders add over 100 new trade items to agreement, sign MoU on e-commerce cooperation

Loses strength on worries that demand for greenback may rise

Urge SBP to bring rates to single digits, say current reduction insufficient to counter high costs

Urges OGRA to follow guidelines on fuel import, local stock utilisation

SBP cuts policy rate by 250 bps, marking progress in inflation reduction

The Pakistan Stock Exchange (PSX) continued its upward journey on Monday as KSE-100 index rose by 1,056 points

In 10 years, payments of $50b has been made, equal to 40% of foreign debt

Long-overdue reforms of underperforming SOEs are essential for Pakistan's economic growth; privatisation decisions ca

Trade spat will not only affect auto sectors of both sides, but will also impact global value chains

As Azerbaijan hosts, it also boosts gas exports while nations grapple with balancing green goals

Division of land hits productivity due to failure to achieve economies of scale

Research house foresees further currency stability, credit rating upgrades

Commerce minister along with delegation leaves for Tashkent to take part in JMC session

Aims to enable dual nationals to hold leadership roles, legalise digital currency

Industry plans to establish 1,000 garment plants with $7b investment to increase exports

Workers aim for 38% wage increase; two previous proposals rejected

KSE-100 index gains 866 points, or 0.96% WoW, settles at 90,860

Senator says climate funding should go for adaptation initiatives

Appeal for policy reform, streamlined operations to tackle challenges in Karachi

Berkshire Hathaway cut Apple stake by 25% in Q3, building cash reserves to $325.2 billion amid “risk-off” concerns.

Exxon and Chevron report strong Q3 profits, fueled by record US oil output, despite pressures from falling margins.

Move at a snail's pace, could not impose 45% tax on farmers by Oct end

Pak-PWD projects in Punjab handed over; Sindh transfer to complete within days, says Ahsan Iqbal

Provincial govts propose lower harvest for sowing season 2024-25

Price spike comes in sharp contrast to decline of 0.22% in prior week

KSE-100 index surges 1,893.08 points, settles at 90,859.85

Absorbs excess dollar inflows to strengthen forex reserves, repay foreign debt

Food price surge drives uptick, but core inflation eases, signaling room for monetary easing

Oil prices climbed on reports of potential Iran strike on Israel, reaching a one-week high on Friday.

With inflation in single digit, they urge SBP to cut rate by 300-500 basis points

The IMF also declined Pakistan's request to revise down the FBR's tax collection targets

Minister highlights deal with Chinese firm to manufacture solar panels

Benchmark index soars nearly 1,900 points to close at 90,859 points