Business
Outsourcing of Islamabad, Lahore, Karachi airports shifted to open bidding
https://www.dawn.com/news/1968930
Business
Business
Europe and India seek closer ties with āmother of all dealsā
India and Europe hope to strike the āmother of all dealsā when European Union (EU) chiefs meet Prime Minister Narendra Modi in New Delhi next week, as the two economic behemoths seek to forge closer ties. Facing challenges from China and th
Business
Weekly inflation rises on costly flour, pulses
ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), increased 4.18 per cent year-on-year in the week ending Jan 22, owing to an increase in the retail price of wheat flour and pulses in the domestic market. The SP
Business
PSX scales fresh peak above 189,000
KARACHI: Amid sharp volatility, the Pakistan Stock Exchange (PSX) on Friday pushed the benchmark index to a fresh all-time high above 189,000 points as renewed buying gathered pace in the final session of the week, ahead of a monetary policy annou
Business
Oil rises 3pc as US sends āarmadaā to Iran
NEW YORK: Oil prices rose to their highest in more than a week on Friday after US President Donald Trump ratĀcheted up pressure against Iran through more sanĀĀctions on vessels that transport its oil, and
Business
Pakistanās critical minerals need value addition to boost exports
ISLAMABAD: To boost foreign exchange and drive sustainable economic growth, Pakistan must focus on transforming its raw minerals into processed and value-added products that meet global Environmental, Social, and Governance (ESG) standards, rather
Business
SBP cancels another exchange firmās licence over regulatory violations
https://www.dawn.com/news/1968731
Business
Gold surges to Rs514,662/tola
KARACHI: Amid a continuous rally in world prices, the local 10-gram and one-tola gold rates (24kt) hit a new peak of Rs441,239 and Rs514,662, respectively, showing a jump of Rs7,802 and Rs9,100. International gold price further swelled by
Business
SBP governor warns of complex cyber threats
KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad on Friday cautioned that the cyber threat landscape has become increasingly complex, driven by highly skilled, well-resourced groups and further complicated by rising geopolitical tension
Business
Central bank seen cutting rates again after December surprise
The central bank is expected to cut its key policy rate by 50 basis points at its upcoming meeting, a Reuters poll showed, as easing inflation, improving foreign exchange buffers and a stabilising rupee bolster the case for further moneta
Business
CM Murad approves Rs21.5bn for Karachi infrastructure upgrades, including Rs13bn for improving roads
KARACHI: Sindh Chief Minister Murad Ali Shah on Friday approved a comprehensive package worth Rs21.53 billion, including a Rs13bn grant-in-aid for rehabilitating and improving Town Municipal Corporationsā (TMCs) road infrastructure in Karachi.
Business
TikTok establishes joint venture to end US ban threat
TikTok announced on Thursday that it has established a majority American-owned joint venture to operate its US business, allowing t
Business
Gold, silver and platinum extend recordāsetting rally
Gold notched another record high on Friday, while silver and platinum also extended gains to hit all-time peaks, powered by diminishing confidence in US assets on account of geopolitical tensions and economic uncertainty. On Jan 1, the 10-g
Business
ADB backs Karachi-Rohri rail corridor
KARACHI: The Asian Development Bank (ADB) has reaffirmed its intent to align as a development partner with the government and identified Karachi-Rohri rail corridor as the priority project. A 10-member high-level Reconnaissance Mission of
Business
Business costs 34pc higher than region: PBF
https://www.dawn.com/news/1968550