Business

Policymakers see rate falling by another 50bps by end of year, another 100 bps in 2025, and by 50bps in 2026

Since July 2023, borrowing costs remain high, with interest rates at 5.25% to 5.50% after a 25 basis point hike

Oil fell after two sessions of gains after an industry report showed increasing US crude and fuel inventories

Pakistan fluctuations in its exchange rate are influenced by several factors.

Stakeholders finalise plans to begin construction of the 477-kilometre white oil pipeline project in Pakistan.

Sept historically weak for US equities with benchmark index down about 1.20% for the month, on an average, since 1928

Policymakers are expected to debate between a 0.25% or 0.50% cut to the Fed’s benchmark lending rate

Apex court to hear case on Wednesday; FBR expects Rs9.5b advance tax from CAA

Affordable imported cars outpace struggling local auto industry despite rising duties

Founding Chairman of the Salt Manufacturers Association of Pakistan expresses disappointment over CM Punjab's decision

Prompted by dip in electricity consumption, high tariffs, and shift to solar energy

Union members seek improved wages and benefits including reinstatement of pension plan eliminated previously

Committee urges political intervention as body remains unoperational after 2 decades

In meeting with PM Sharif, says agreement already signed with Total Parco for 50% stake

Currency strengthens to Rs278.13/$ while gold hits new record of Rs268,000/tola

Calls for improved coordination, faster decisions to expedite CPEC initiatives

Strong rupee, IMF hopes, and rising remittances fuel early gains despite late-session profit-taking

Dubai’s main share index gained 0.3%, with Dubai Taxi Company advanced 7.5%, extending gains from the previous session

Investors widely expect the Fed to cut interest rates on Wednesday for the first time since March 2020

This increase follows a previous record of Rs266,300 set on Saturday

PKR remains stable against USD, appreciating 0.01% to 278.13 in the inter-bank market on Monday

Rupee makes modest gains against the USD

Investors expect quick services, irrespective of whether depts are federal, provincial or local

Water shortages, unplanned policy shifts, heavy rainfall put exports at risk

Country needs modern, well-structured system to create quality human capital, foster tech development

Global competition in clean energy is reshaping the battery industry

By revising certificate rate downwards, govt can reduce financial burden and remove inefficiencies

New rates to be effective from midnight tonight for next fortnight

SBP's revised schemes aim to increase remittance inflows via formal channels

Prices rise up to 19 cents on the news, further gains expected if IMF approves loan on September 25

Strategic agreements in agriculture and textiles bolster economic ties

Industrial units face issues in water supply, infrastructure, and security

Monetary easing, IMF progress, and strong remittances lift market sentiment

Plans $3 billion investment in projects, including clean energy and ethanol production

Discussions focus on trade, strategic partnerships, and Malaysian PM's upcoming visit

Says ship-breaking industry must prioritise worker safety, environment

SBP proposes performance-based remittance incentives, revising schemes to boost inflows and reduce TT charges.

Aim to increase presence of licensed fuel stations across 'Oil City'

Pakistani rupee rises to Rs278.16 as IMF loan approval nears; gold hits record Rs265,900 per tola amid global surge

KSE-100 index gains 315.44 points, settles at 79,333.06

IMF's $7 billion lifeline for Pakistan brings relief but raises concerns over growth, high tariff, and economic reform

Lower returns on savings threaten already dismal domestic saving rate

Deal for $600m commercial bank loan paves way for IMF board meeting

Counsellor says Chinese firms will find ideal environment to thrive, make exports

Project to enhance climate resilience, rural connectivity across 900 km of vulnerable roads

Economic managers stress timely execution, cost control and careful risk analysis

100% duty on EVs, higher tariffs on key goods to start on Sept 27

Highlights sustainability, innovation, and collaboration at IMSEC 2024

Weekly SPI reading rises 14.36% year-on-year, though SBP talks of 'disinflation'

Dollar bonds also gains with 2031 maturity bond trading 1 cent higher at 79.93 cents on the dollar