Business

Senator proposes development of community-led solar parks

Latest drop suggests demand for US dollar has slightly exceeded supply

Motorcycles produce more air pollution than cars, especially newer vehicles

Concerns about future economic stability, sustainable development running high

Country will not progress until KPIs are given to policymakers with handsome reward

After going nowhere for five years, bourse finally clears 50,000 mark with healthy volumes

Countries taking IMF funds are compelled to follow economically destructive fiscal, monetary policies

Pakistan produces 44,138 GWh in first three months of FY24

Request comes in EU-Mercosur talks to conclude trade agreement

KSE-100 index rises 1,238 points, or 2.5%, and settles at 50,732

Of late, improvement comes and programmes focusing on female-led startups being initiated

Commerce minister meets Chinese business leaders during Belt and Road Forum

Seek status of industrial worker with all required facilities

SBP has no intention to discontinue Rs75 notes that will remain in circulation

Have fewer places to hide amid growing volatility

Outsourcing of key airports to generate fee for aviation authority over 15 years

Petroleum Division’s summary suggests increasing tariff by 172% for domestic consumers

Decision made to meet IMF condition for its $700m tranche

Pakistan may have to face price volatility, delay in oil supplies due to ME conflict

Solar energy market expected to grow from 1.3GW in 2023 to 9.77GW by 2028

Due to lack of necessary skills, country could not capitalise on opportunities

Secretary says new infrastructure-sharing framework, proposed spectrum-sharing mechanism are important milestones

Ministry proposes debt reduction via subsidies, revision of policies and deals

Envoy calls for holding roadshows in major cities of Turkiye

Power Division seeks approval for halting facility, giving monetisation allowance

Lower dollar rate also supports decrease in SPI reading

Decision driven by persistent losses, no dividend payments to shareholders

Progressive farmer says green land being converted into housing societies

Surge in hydel generation helps save Rs50 billion

Company asks for increase in electricity price under quarterly adjustment

Envoy also points to difficulties in opening LCs, repatriating foreign currency

Export industries of Punjab will get cheaper blend of local gas and LNG

Central bank reserves have improved modestly in the past few months

Authorities find no unusual demand for dollar in market

Shows just $8m deficit, down 98% compared to last year

KSE-100 index gains 933.67 points over expectations of reduction in SBP’s policy rate

Domestic currency had experienced a sharp drop of 1.16% reaching a one-week low at Rs280.29 per US dollar yesterday

Currency loses Rs3.26 on panic buying of US dollar

Farmers asked to adopt new technologies, look for quality seeds for further growth

Rising tensions in Middle East also threaten to disrupt oil supplies from region

World Bank-funded project will stop water theft, improve supply to farmers

Still output jumps 62% to 5.99m bales in first 3-1/2 months of current season

Power Division proposes transition from Libor to SOFR for power project loans

Also inks agreement for refinery expansion with China’s UEG that will invest $1.5b

China will provide support to develop Gwadar Port in better, faster way

Insists govt should continue collecting duty to discourage dumping of yarn

Tech expert calls for devising integrated strategy with support of private sector

PM aide stresses ease of doing business is their priority

Minister underscores commitment to further strengthening partnership with China

Domestic consumers may be forced to pay up to 172% higher energy price