FACTFLOW

Business

KSE-100 closes in the green at 184,174.48 points on Friday

Pakistan’s benchmark index, KSE-100, rebounded slightly on Friday by 1836.36 points after shedding 6131.53 points on the previous day. The benchmark index

Business

Gold slumps 4pc as bets of a more hawkish Fed chair rise

Gold slid more than 4 per cent on Friday on rumours the Federal Reserve could get a more hawkish chair, but was still on track for its strongest monthly gain since 1980 as investors flocked to the safe haven amid lingering geopolitical and economi

Business

PM Shehbaz announces Rs4.4 cut in electricity rates for industries

Prime Minister Shehbaz Sharif on Friday announced a Rs4.4 reduction in the per unit rate of electricity for the industrial sector in a bid to improve productivity and exports. The premier stated this during an address to the country’s major

Business

KSE-100 rebounds 1746.78 points during intraday trading

Pakistan benchmark index, KSE-100, rebounded slightly on Friday morning by 1746.78 points after shedding 6131.53 points on Thursday. The benchmark index hit 184,

Business

Uplift AI announces $3.5m funding

When Hammad Malik built a simple Urdu WhatsApp bot and gave it to his driver to try out, he didn’t expect 800 people to be using it within two days. That early experiment showed him that millions of Pakistanis are excluded from digital services be

Business

Power bills to bite harder

ISLAMABAD: The Central Power Purchasing Agency (CPPA) on Thursday reported that power consumers across the country would be paying Rs1.41 per unit higher fuel charges in February bills than in the current month, as industrialists said the base ele

Business

EU-India deal a wake-up call, say exporters

KARACHI: Exporters and analysts fear that the EU-India Free Trade Agreement (FTA) will pose serious challenges to Pakistan’s export base and hurt its textile exports. An office-bearer of a traders’ association said India “has now opened an

Business

KP seeks Centre’s help amid loss of revenue due to border closure

ISLAMABAD: The continued closure and suspension of trade at the Pak-Afghan border since October has led to a 53.02 per cent decline in revenues of the Khyber Pakhtunkhwa government, prompting the pro

Business

AD Ports to review cargo charges

ISLAMABAD: The Abu Dhabi (AD) Ports Group on Thursday agreed to review the terminal cargo handling charges in response to Pakistan’s demand to cut them. The government has formed a committee to negotiate the cargo handling charges with the

Business

NA panel seeks PM’s intervention to resolve potato crop crisis

ISLAMABAD: The National Assembly’s standing committee on national food security and research sought the intervention of Prime Minister Shehbaz Sharif for resolution of potato crop crisis and requesti

Business

Petrol tax hike on cards to offset diesel price rise

ISLAMABAD: The government may have to increase the tax on petrol again if it were to minimise the estimated Rs10 per litre hike in diesel prices later this week to keep inflation in check. Informed sources said benchmark crude prices had

Business

Meltdown on PSX: index plunges over 6,000 points

KARACHI: Equity prices fell like ninepins on Thursday as the Pak­istan Stock Exchange (PSX) came under intense selling pressure, driven by escalating geopolitical tensions and a negative corporate earnings surprise that unnerved investors.

Business

Power bills to bite harder in February; govt working on incentive tariff package

https://www.dawn.com/news/1969804

Business

National Assembly panel seeks detailed report on PIA accord, employee safeguards

https://www.dawn.com/news/1969843/deal-signed-to-officially-put-pia-under-new-management#:\~:text=NA%20body%2

Business

AGP audit observations cannot be used against taxpayers: Supreme Court

ISLAMABAD: The Supreme Court on Thursday ruled that audit observations by the Auditor General of Pakistan against government entities of the federal or provincial governments cannot be used by tax authorities to initiate audit proceedings against