KSE-100 slides over lack of investor participation Value hunting towards the end of the session provides support to market Published 14 Nov, 2022 07:37pm
Markets Pakistan’s perceived default risk rises significantly 5-year CDS has increased from 2,208bps to 6,419bps in one month, says brokerage house Updated 14 Nov, 2022 08:42pm
Print Nepra approves paisa 51/kWh raise in KE’s tariff ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has approved an increase of Paisa 51/kWh in KE’s... Updated 12 Nov, 2022 09:39am
Business & Finance Jul-Oct remittances down 9pc YoY KARACHI: Inflows of home remittances fell by 9 percent during the first four months of this fiscal year (FY23) as... Published 12 Nov, 2022 05:55am
Markets Unauthorised foreign exchange activities: SBP introduces whistle blowing forum Move aimed at promoting environment of accountability and integrity Published 11 Nov, 2022 08:10pm
Markets 'Illegal channels take toll' as remittances fall nearly 16% in October Inflow drops to $2.2 billion, lowest since February 2022 Decline attributed to rise in informal channels and global economic slowdown Updated 11 Nov, 2022 10:26pm
Pakistan Climate change-induced disasters may significantly set back uplift plans: World Bank ISLAMABAD: Climate change-induced disasters could significantly set back Pakistan’s development ambitions and its... Published 11 Nov, 2022 07:08am
Print 9th IMF review: Framework yet to be finalized IMF and Finance Division have yet to agree on starting date for negotiations Updated 11 Nov, 2022 09:27am
Markets Alarm bells: SBP-held foreign exchange reserves plunge $956mn, stand at $7.96bn Decrease attributed to external debt servicing SBP says refinancing of loans in process, will improve foreign exchange reserves in coming weeks Published 10 Nov, 2022 07:04pm
Business & Finance SBP restrictions, rupee devaluation hitting auto sector: Indus Motor Company Says demand has declined due to economic downturn Updated 09 Nov, 2022 08:20pm
Markets FCA for September: Discos allowed tariff hike of 8 paisa/unit ISLAMABAD: National Electric Power Regulatory Authority (Nepra) has increased Discos’ tariffs by Paisa 8 per unit... Published 09 Nov, 2022 03:41am
Markets SBP, FIA initiate joint action against illegal foreign exchange operators Joint teams have been tasked to identify and take penal/legal action against the perpetrators, says central bank Published 08 Nov, 2022 07:00pm
Business & Finance OGRA refutes reports of diesel shortage in country Says sufficient diesel stocks are available in the country to cater to the necessary demand Published 08 Nov, 2022 02:53pm
Pakistan Pakistan secures $13bn-14bn in financial commitments, says Dar Finance minister says IMF programme on track Reiterates action will be taken against those involved in currency manipulation Updated 08 Nov, 2022 02:50pm
Markets SBP chief tells Dar rupee volatility has been controlled, exchange rate stable Finance minister expresses satisfaction over steps taken to control currency fluctuation Updated 07 Nov, 2022 07:23pm
Markets OCAC warns Pakistan could see shortage of petroleum products in coming days Oil Companies Advisory Council says deficit has been identified due to inadequate imports, limited local availability Updated 07 Nov, 2022 07:58pm
Business & Finance Roshan Digital Account: Inflows down, clock in at $146mn in October RDA inflows lowest since December 2020, register month-on-month fall from $168 million in September 2022 Updated 07 Nov, 2022 08:18pm
Print Agri package, concessional electricity: IMF irked by govt steps Discussions on Ninth Review scheduled to start soon Updated 07 Nov, 2022 10:24am
Print Furnace oil: Slow upliftment may lead to closure of refineries ISLAMABAD: Pakistan State Oil (PSO) and local refineries have raised serious concerns on slow upliftment of furnace... Updated 05 Nov, 2022 11:37am
Markets Negative sentiment prevails, KSE-100 down over 230 points Benchmark KSE-100 Index decreases 0.56% Updated 04 Nov, 2022 06:44pm
Markets Cotton arrival declines 41% year-on-year owing to flood losses Declines to 3.708 million bales as of November 1, 2022 Updated 03 Nov, 2022 03:58pm
Print Power sector: Circular debt touching Rs2.6trn mark ISLAMABAD: The country’s power sector’s circular debt is reportedly touching Rs 2.6 trillion mark at present against... Updated 03 Nov, 2022 09:54am
Business & Finance KE approaches Dar for resolution of issues ISLAMABAD: Karachi-Electric (KE) has approached Finance Minister Ishaq Dar for release of net receivables, issuance... Updated 03 Nov, 2022 06:17am
Markets CPI-based inflation jumps in October, clocks in at 26.6% CPI inflation in rural areas clocked in at 29.5% on a year-on-year basis Brokerage house says reading in line with market expectation Updated 01 Nov, 2022 07:16pm
Print Pakistan, Russia fail to reach any accord ISLAMABAD: Pakistan and Russia have reportedly failed to reach any agreement for import of wheat from the latter on... Updated 01 Nov, 2022 12:00pm
Print Agri sector lagging behind its potential: World Bank ISLAMABAD: Pakistan’s agriculture sector is lagging behind its potential and needs to focus beyond productivity... Updated 01 Nov, 2022 09:36am
Business & Finance Exports may decline by $5bn: Properly managing textile sector getting tough for govt: HCCI HYDERABAD: President of the Hyderabad Chamber of Commerce and Industry (HCCI) Adeel Siddiqui has said that the... Published 31 Oct, 2022 06:55am
Markets Open market sees massive shortage of USD KARACHI: Consumers were left running from pillar to post as the open market ran massively short of US dollars on... Updated 25 Oct, 2022 11:11am