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Cotton crop outlook bleak for Punjab

LAHORE: The outlook for the upcoming cotton crop season appears bleak due to unfavourable weather conditions, insufficient irrigation water, and...

latest 40

Dawn Business

Amjad Mahmood

Shanghai Electric pulls offer to buy KE

KARACHI: Shanghai Electric Power Company withdrew its offer to acquire up to 66.4 per cent of K-Electric Ltd, the manager of the offer said in a...

latest 20

Dawn Business

Reuters

IMF board to approve $1.1bn on 29th

WASHINGTON: The Executive Board of the International Monetary Fund (IMF) will meet on April 29 to finalise its last review of Pakistan’s $3...

latest 40

Dawn Business

Anwar Iqbal

Foreign direct investment jumps 51pc

KARACHI: Foreign Direct Investment (FDI) jumped by 51.7 per cent to $258 million in March compared to $170m in the same month last year. Higher FDI...

latest 20

Dawn Business

The Newspapers Staff Reporter

Refineries oppose Ogra’s pricing deregulation model

ISLAMABAD: Strongly opposing the petroleum pricing deregulation model suggested by the Oil and Gas Regulatory Authority (Ogra), the oil refineries...

latest 20

Dawn Business

Khaleeq Kiani

Mari finds oil in Sindh

ISLAMABAD: Mari Petroleum Company Ltd (MPCL) announced on Monday that it had discovered a new hydrocarbon resource in Daharki, Sindh. The...

latest 30

Dawn Business

The Newspapers Staff Reporter

Forex reserves to reach $9-10bn by end of June, says finance minister

Finance Minister Muhammad Aurangzeb said on Tuesday that Pakistan’s foreign exchange reserves would reach “anywhere between $9 to $10 billion”...

latest 30

Dawn Business

Dawn.com

Current account posts highest surplus in 9 years

KARACHI: The current account posted a nine-year-high surplus in March, making it possible for the country to bring down the overall deficit to below...

latest 10

Dawn Business

Shahid Iqbal

IT exports surge to $306m in March

ISLAMABAD: Pakistan recorded the highest-ever monthly IT exports of $306 million in March, posting a 37 per cent rise over the corresponding month...

latest 10

Dawn Business

Kalbe Ali

Ministries, divisions ordered to return surplus funds by May 15

ISLAMABAD: In the run-up to the finalisation of the federal budget for 2024-25, the Ministry of Finance has asked all ministries, divisions,...

yesterday 10

Dawn Business

Khaleeq Kiani

KSE-100 index breaches 71,000, closes at record high

Pakistan Stock Exchange’s benchmark KSE-100 index closed at a record high of 71,465 points, up 0.8 per cent, after breaching the key 71,000 level...

yesterday 10

Dawn Business

Reuters

KSE-100 index breaches 71,000, hits record high during intraday trade

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index traded at a record high of 71,474 points, up 0.8 per cent, after earlier breaching the...

yesterday 10

Dawn Business

Reuters

KSE-100 index breaches 71,000, hits record high

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index traded at a record high of 71,433 points, up 0.74 per cent, after earlier breaching...

yesterday 9

Dawn Business

Reuters

IMF ‘very receptive’ in terms of agreeing to consider larger, longer programme: finance minister

Finance Minister Muhammad Aurangzeb has stated that Pakistan is on track to secure a new loan from the International Monetary Fund (IMF), adding...

yesterday 20

Dawn Business

Dawn.com

World remains on edge due to concerns about the conflict swarming the entire Middle East

Even though Israel and Iran have signalled their intention to walk back down the escalation ladder following their limited but direct...

yesterday 10

Dawn Business

Nasir Jamal

Fragility amidst global turmoil

Beyond conventional diplomatic efforts, Pakistan has yet to undertake a comprehensive national-level initiative to meticulously monitor, analyse...

yesterday 20

Dawn Business

Afshan Subohi

Aurangzeb expects PIA privatisation by end of June

• Says bids for flag carrier to come in two to three weeks • Islamabad airport will be next, followed by Karachi, Lahore WASHINGTON: Finance...

yesterday 10

Dawn Business

Anwar Iqbal

The law and order situation in Karachi is a perennial problem that continues to block fresh investment in the city

The situation of street crimes in Karachi is better than Washington and Paris, Sindh Senior Minister Sharjeel Inam Memon boasted last week. Quoting...

yesterday 10

Dawn Business

Mohiuddin Aazim

ANALYSIS: Fruits production on a downward spiral

To begin with, we must acknowledge two indisputable facts that encompass our daily diet and Pakistan’s agricultural landscape. First, fruits are...

yesterday 10

Dawn Business

Khalid Saeed Wattoo

Agriculture: The grim tales of wheat harvesting

After a two-year gap, Sindh has produced an impressive wheat crop of 4.3 million tonnes, according to the agriculture department’s official...

yesterday 10

Dawn Business

Mohammad Hussain Khan

Remittance dependence in a changing world

Source: World Bank Export of manpower has brought it the welcome buoy of remittances that supports it balance of payments. Ramazan led the quantum...

yesterday 10

Dawn Business

Fatima S Attarwala

Oil prices stabilise... for now

There is a sigh of relief in the oil markets, at least for the time being. The ‘limited’ Israeli retaliatory strike against Iran early Friday...

yesterday 10

Dawn Business

Syed Rashid Husain

Rising food exports fuel inflation

ISLAMABAD: Raw food exports continued to expand in March, with a 16.35 per cent increase to $685.03 million, up from $588.76m in the same month...

previous day 30

Dawn Business

Mubarak Zeb Khan

IMF team expected next month for new loan talks

WASHINGTON: Finance Minister Muhammad Aura­ngzeb revealed on Saturday that an IMF team is anticipated to visit Pakistan by mid-May to negotiate a...

previous day 10

Dawn Business

Anwar Iqbal

China’s imports of Russian oil near record high in March

BEIJING: Russia remained China’s top oil supplier in March, data showed on Saturday, as refiners snapped up stranded Sokol shipments. China’s...

previous day 3

Dawn Business

Reuters

Hard times for farmers after drop in rates of 3 crops

LAHORE: The agriculture is again facing hard times as farming community is experiencing a double jeopardy; on the one hand, cost of production has...

previous day 30

Dawn Business

The Newspapers Staff Reporter

NBFIs lose ground amid lack of financing by banks

KARACHI: Non-banking fina­n­cial institutions (NBFIs) are in distress amid a slump in financing from banks during the current financial year...

previous day 20

Dawn Business

Shahid Iqbal

Russia warns of rice import ban over safety concerns

ISLAMABAD: Russia has warned Pakistan that it will ban rice imports again if their phytosanitary concerns are not addressed in future consignments....

previous day 10

Dawn Business

Kalbe Ali

Untimely rain spell, inflation add to Potohar farmers’ worries

As a prolonged spell of rain delays wheat harvest in the Potohar region, farmers have complained about an unprecedented rise in the cost of...

previous day 30

Dawn Business

Hamid Asghar

Balochistan sets same wheat price as Sindh to curb smuggling

QUETTA: The Balochistan cabinet has decided to fix the wheat support price equal to that in Sindh to curb smuggling. The decision was made on...

previous day 20

Dawn Business

Saleem Shahid

Gold rates surge above Rs252,000 after $11 jump in international market

KARACHI: The 10 gram and one tola gold rates climbed to an all-time high of Rs216,221 and Rs252,200 on Saturday — up by Rs1,286 and Rs1,500 on...

previous day 20

Dawn Business

Aamir Shafaat Khan

Ogra, oil industry propose phased deregulation of fuel prices

ISLAMABAD: Amid warnings about supply chain challenges and ret­ail prices increasing by up to Rs27 per litre in Gilgit-Baltistan, the major oil...

saturday 30

Dawn Business

Khaleeq Kiani

Customs broadens oversight to curb mis-invoicing

ISLAMABAD: Pakistan’s customs department plans to broaden its oversight of commodities, encompassing imports valued up to Rs3.030 trillion by...

saturday 10

Dawn Business

Mubarak Zeb Khan

Govt borrows record Rs5.5tr from banks

KARACHI: Within a week, the government borrowed over Rs650 billion from banks to meet its rising expenditure, reflecting the consequence of high...

saturday 6

Dawn Business

Shahid Iqbal

Tesla’s Elon Musk postpones India trip, aims to visit later this year

Elon Musk postponed a planned trip to India, where he would meet Prime Minister Narendra Modi, citing obligations at his Tesla automaker and saying...

saturday 10

Dawn Business

Reuters

Economic optimism tosses PSX to all-time high

KARACHI: Snapping the three-day bearish spell on Friday despite mounting geopolitical tensions, the Pakistani stocks staged a surprise robust...

saturday 2

Dawn Business

Muhammad Kashif

Weekly inflation rises 28.54pc

ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), rose 28.54 per cent on an annual basis in the week ending April 18,...

saturday 30

Dawn Business

The Newspapers Staff Reporter

Exports of textiles post meagre rise in March

ISLAMABAD: The country’s textile and clothing exports suffered a slowdown last month, reversing the trend of double-digit growth observed over...

19.04.2024 10

Dawn Business

Mubarak Zeb Khan

Government eyes deregulation of fuel prices

• Hastens process amid rise in smuggling, complaints from oil industry • Move may help shift brunt of public criticism to oil marketing...

19.04.2024 40

Dawn Business

Khaleeq Kiani

Discos guilty of regular overbilling, government concedes

• Power minister vows decisive action against complicit staff, officers • Hints at reviewing power rates for solar, industrial consumers to...

19.04.2024 20

Dawn Business

Khaleeq Kiani

Stocks close in red for third consecutive session

KARACHI: Despite massive foreign buying on Thursday, the stock market turned in a depressed performance amid the widening of the fiscal deficit and...

19.04.2024 8

Dawn Business

Muhammad Kashif

PM pushes for sell-off, outsourcing of Discos

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday directed the authorities to expedite the pace of privatisation and outsourcing of the power...

19.04.2024 20

Dawn Business

Syed Irfan Raza

PTCL Group incurs Rs4.8bn net loss

ISLAMABAD/KARACHI: The PTCL Group posted a net loss of Rs4.8 billion for the quarter ending March 31, the board of directors announced on Thursday....

19.04.2024 20

Dawn Business

The Newspapers Staff Reporter

SBP reserves stay above $8bn despite $1bn bond payment

KARACHI: The State Bank’s foreign exchange reserves remained above $8 billion during the week ending April 12. “During the week, SBP has executed...

19.04.2024 6

Dawn Business

The Newspapers Staff Reporter

PM Shehbaz pushes for sell-off, outsourcing of Discos

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday directed the authorities to expedite the pace of privatisation and outsourcing of the power...

19.04.2024 10

Dawn Business

Syed Irfan Raza

Pakistan aims to agree outline of new IMF loan in May, finance minister says

Pakistan hopes to agree the contours of a new International Monetary Fund (IMF) loan in May, Finance Minister Muhammad Aurangzeb told Reuters, and...

19.04.2024 4

Dawn Business

Reuters

Auto financing keeps plunging

KARACHI: Consumers remained reluctant to avail costly auto financing, which consequently plunged for the 21st consecutive month ending March 2024...

19.04.2024 6

Dawn Business

Aamir Shafaat Khan

IMF insists on reforms as talks progress for new loan

WASHINGTON: The International Monetary Fund (IMF) emphasised on Thursday that prioritising reforms to revitalise the Pakistani economy outweighs...

19.04.2024 10

Dawn Business

Anwar Iqbal

Saudi moves closer to $1bn Reko Diq deal

SAUDI Arabia is moving closer to a potential deal to acquire a minority stake in the Reko Diq gold and copper mining project, Bloomberg reported on...

19.04.2024 3

Dawn Business

Monitoring Desk

Data shows first-ever fall in cellular users

KARACHI: For the first time in six years, the number of cellular subscribers in Pakistan has declined even though the penetration of 4G has...

19.04.2024 10

Dawn Business

Abdul Moiz Malik

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