Business

Project likely to start electricity generation by November 2026

Reduced cost of doing business for textile industry to boost exports, slash deficit

IEA expects increased winter switch from gas to oil

Pakistan has now received $1.2 billion in the latest loan tranche from the IMF following resumption of its programme

Significant trade potential with Kyrgyzstan in agriculture, livestock sector

Total interest rate is over 3%; one of most expensive rates by standards of World Bank and ADB

China taking part of manufacturing sector to cost-effective locations

Crushed euro and yen to two-decade lows and sterling to its lowest in nearly 40 years

Machinery, spare parts and raw material stuck at port incurring extra cost to industry

Project comes at an estimated cost of Rs3 billion and will take eight months to complete

Govt may not pass on full impact of price fall to consumers to collect more revenue

Energy minister clarifies FCA not waived, only deferred

For the second time in the past four months, CCOP unable to decide

Economists say growth is likely to lose momentum in coming quarters as higher interest rates cool economic activity

OPEC forecasts robust demand growth despite surging inflation

The Project Directors briefed the chair about the progress of different WB funded projects across Punjab

Trade section being opened in Italian embassy to boost bilateral ties

Illegal cigarette traders provoking farmers to protest against levy

Prime minister meets delegation of Finland companies

Most cyber-attacks in 2021, 2022 directed against energy sector

Increase in manpower export helps improve inflows; rupee fails to reverse trend

Reject petroleum price deregulation, press govt to take their input

Unavailability of CKD parts amid import controls drives sales downward

Hike will be charged on the basis of units billed in July

Plan will allow IMF to help without imposing conditions required in regular fund programme

Banned shipments of broken rice, imposed 20% duty on exports

Global oil supply expected to tighten further when EU embargo takes effect

Work on 63 more schemes worth $35b will end by 2030

Under-utilisation of LNG capacity places burden of billions of rupees on consumers

Strengthening of greenback, high inflation contribute to sliding trajectory

Flood response centre rejects early loss assessment of $18 billion

Vegetables, rice, wheat, sugarcane and cotton most impacted by recent climate disaster

Financial institutions continue to make safe lending to govt

Rice prices have jumped 5% in Asia since India's announcement

Adapting to climate change is exceedingly costly, especially for Pakistan

Currency has tumbled repeatedly in past 15 years from Rs60 to Rs240 per dollar

Attempts to bring down inflation via conventional measures will be politically costly

Investing in piece of land considered one of safest options of money dumping

Short-term solutions like aid cannot address challenge of rebuilding infrastructure, rehabilitation

San Francisco-based Bolt was last valued at $11 billion after a funding round in January

Union members walk out in protest citing health, safety concerns

Senator says housing expo will give fresh push to construction sector

Changes to EU fiscal rules to be proposed in October

Bannu West field estimated to contain country’s largest hydrocarbon reserves

Finance minister insists tough decisions have staved off risk of default

Livestock displacement, fodder shortage result in 20-30% reduced supplies

World Bank may club two policy loans with many tough conditions

Benchmark KSE-100 index drops 361 points to settle at 41,948

Fed’s quantitative tightening may make this year more brutal for markets

Automaker gears up to expand in US market