Business

Planning ministry launched 5-year project worth Rs40 billion

Free trade deal, good prices drive increase in shipments

Govt aims to collect Rs9 billion in taxes annually

Envoy asks investors to explore avenues of JVs, investment

Former Karachi Chamber of Commerce and Industry president and Businessmen Group Chairman Zubair Motiwala appointed

Russia is a major producer of aluminium and nickel

Strict Covid-19 curbs, economic uncertainty weighed on the shopping extravaganza

Businessmen ask airline to start flights to Central Asia via Pakistan

CDWP meeting was called where six projects were presented and approved

Total bilateral trade between Pak-US in 2021-22 was around $9.85 billion

Minister says govt will eliminate electricity theft, not pass on its impact to people

Investors favoured riskier currencies following cooler-than-expected US inflation

Current account deficit projection is nearly half of World Bank forecast

Govt’s involvement in LNG business caused circular debt to balloon to alarming levels

NEPRA finds financial impact of Rs32m due to Economic Merit Order violation

Policy of taxpayer facilitation and resolution of issues through stakeholder involvement successful

Says extensive government involvement in the Russian economy had led to distorted prices and costs

UK inflation at a 40-year high

Bars company management from changing board composition

Lack of synergy, coordination between govt depts limit growth of industry

AIIB loan of $500 million, Saudi crown prince visit help stabilise rupee

World Bank says Pakistan needs $348b to stop climate-induced disasters

Pakistan’s removal from EU list of weak AML regimes will also lift trade

Policymakers should adopt targeted measures to fight inflation, says Kristalina Georgieva

Move will have positive effect on share value, return on equity

Reserves came down due to external debt servicing

Bilateral trade between Pakistan and Canada was around $1.11b in 2020, which did not reflect the actual potential

Lack of payment gateways, like PayPal, limit growth potential for freelancers

Dialogue between US and China crucial to combating climate change

Landlocked Central Asian state wants more trade access via sea

UN publishes list of projects worth $120b to help poorer countries cut emissions

Also plans to cut discretionary spending, extend hiring freeze through Q1 of 2023

Prices of essential commodities will rise up to 63% at utility stores

SBP initiates environmental, social risk management to mitigate climate impact

Two cargo routes have been launched for exports to China

Price fall at start of winter a welcome relief for gas consumers

US oil production rises to 12.1 million bpd, Covid-19 cases in China hurt fuel demand

Political instability causing slower economic growth and declining rates of investment

Pakistani investors invited to invest in Bangladesh’s economic zones and EPZs

IEA head surprised by OPEC+ decision to cut output

The development funds will be received by State Bank of Pakistan in November, says Ishaq Dar

Dar says FSC’s order on interest-free banking to be implemented

Again press govt to allow export of sweetener

Minister shows interest in acquiring grain preservation technology from Buenos Aires

Benchmark KSE100 index rises 218 points to settle at 42,265.36

Plan to offer services in areas of NFTs, metaverse and Web3

It comes under quarterly adjustment; govt absorbs around Rs3 per unit in form of subsidy

Will pay interest of around 4.9%, higher than some foreign commercial bank loans

New series of Sukuk issued against NHA assets for five years

COP28 summit will be hosted by the UAE in Dubai’s Expo City