Business

Former envoy says Saudi leadership is committed to investing $20 billion in various projects

Benchmark KSE100 index sheds 72.73 points to settle at 41,539.94

Concerns about global demand offset bullish effects from oil price cap

Bitcoin price dropped 63% amid $1.63 trillion losses in market capitalisation value

Working to allocate a quota to OEPs with target of one million exports of manpower this year

GCCI delegation urges reduction in duties on import of raw material

Will launch web portal allowing the entire nation to invest, trade in lucrative govt debt securities

President Xi Jinping to make 3-day visit to the kingdom

Containers held up due to unavailability of foreign exchange

Fear Washington may slap penalty over commodity’s imports from Russia

Pakistan keeps unchanged old estimates as it expects to get $32b in foreign funds

Opening revolving account to save Chinese power plants from circular debt

Business leaders urge SBP, govt to restructure market policy, strengthen currency

Level of the cap to be reviewed by EU, G7 every two months

US climate law will cut off European bloc’s EVs from tax credits

Widening gap between dollar demand, supply will keep exerting pressure on rupee

Seek govt intervention to avert slump in industry

New body will deal with coal imports for power production

News of growth in US services industry activity caused oil, stocks to pare gains

For an environmentally stable world, it is necessary to build awareness among all stakeholders

Introducing enhanced non-utilisation fees on empty plots can lead to a construction boom

More pain to come as policy rate has been raised at sharpest pace in decades

Govt could avoid trade curbs, allow adjustment in rupee value to reduce deficit

Masses are seen vesting hopes and aspirations in pseudo demigods making sweeping promises

Almost $1.1b WB loan hangs in the balance

Appeals to PM to reverse decision that could lock 0.8 million power looms

Reduced tariffs, cheap cotton and labour behind increase in exports

Says his govt is taking multiple steps to facilitate foreign investment

Investigation found some companies dodging tariffs by finishing products in SE Asian countries

Benchmark KSE-100 index loses 786.63 points and settles at 42,150.10

Pakistan’s external debt repayment obligations stand at $73b in next 3 years

Says federal government has not released provincial share of NFC Award for the last seven months

Russian Urals crude traded at around $67 a barrel on Friday

Govt was supposed to spend entire collection on mega pipeline projects

Consumers around the world may face higher fuel prices in winter

Senior metallurgist calls for setting up smelters, refineries in Balochistan

Falling exports and foreign currency reserves worry businessmen

Large law firms can rake in $100m in legal fees during long-running bankruptcy case

Grants will be spent on road, electricity schemes of govt’s coalition partners

Total dispatches stand at 4m tons in Nov against 4.8m tons in same period of last year

SBP governor reaffirms support to Shariah-compliant banking, digital transformation

Govt proposed 300% hike in gas prices, but it could not be adopted

Trade between two countries crosses €800 million

It will also review budget proposals, possibility of making FBR autonomous entity

Pakistan scheduled to pay foreign debt, debt servicing cost of $26b in 12 months

Report says inflationary crisis reducing purchasing power of middle class

Industry insiders believe EV will enter rapid development phase in near future

New guidelines will apply to opening of fresh and carryover letters of credit

Ministry of Planning has a plan for strategic initiatives, reforms called 5Es

It will analyse, detect and timely respond to data breach threats