Business
SBP cancels another exchange firm’s licence over regulatory violations
https://www.dawn.com/news/1968731
Business
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 Corporations’ (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 record‑setting 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
Business
Sustainable growth key to economic transformation, says minister
ISLAMABAD: PakisÂtan’s journey towards a trillion-dollar economy is only possible through alignment of policy, capital industry, and institutions, said Minister for Board of Investment Qaiser Ahmed Sheikh, pointing out that fragmented progress can
Business
Australian help sought to boost agri yields
ISLAMABAD: PakisÂtan is seeking Australian expertise to establish foot-and-mouth disease (FMD)-free zones and improve animal weight and yield to ensure profitability for farmers. Food Security Minister Rana Tanveer Hussain met Australian H
Business
Used phone rates to fall as govt revisits valuation
• Ruling covers 62 models across Apple, Samsung, Google Pixel, OnePlus • iPhones see steepest cuts • Values apply regardless of condition; accessories not included • Phones must be activated six months before import ISLA
Business
Zarea signs strategic MoU with Chinese agri-platform company
Zarea Limited has signed a Memorandum of Understanding (MoU) with Wang Chuang Xi Jun Chang Agri Ltd, a Chinese agri-platform, to explore advanced agricultural solutions in Pakistan, according to the company’s notification to the Pakistan Stock Exc
Business
Telenor sells its stake in Thailand’s True Corporation for $3.9 billion
Telenor said on Thursday it would sell its 30.3 per cent stake in Thailand’s True Corporation for $3.92 billion, its second divestment from Asia in recent months, lifting the Norwegian group’s shares 8 pc. Telenor said it had signed an agre
Business
Nestle announces $60m additional investment in Pakistan, to expand operations in country
Nestle on Thursday announced that it would invest an additional $60 million in Pakistan and would also “undertake a robust expansion of its operations in the country”. The development came as Finance Minister Muhammad Aurangzeb met Remy Eje