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Govt cautious in its approach to tackle IPPs issue: power minister

ISLAMABAD: Power Minister Awais Leghari on Friday said a special task force was currently working on finding out fault lines with the independent...

yesterday 20

Dawn Business

Khaleeq Kiani

Short-term inflation eases

ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), slowed to 15.34 per cent year-on-year in the week ending August 29...

yesterday 10

Dawn Business

The Newspapers Staff Reporter

OGDCL finds gas in Sindh

KARACHI: The Oil and Gas Development Company Limited (OGDCL) has said that gas condensate has been discovered at Baloch-2 well in District Sanghar,...

yesterday 10

Dawn Business

The Newspapers Staff Reporter

Govt expects single-digit inflation

ISLAMABAD: Amid the drop in urea sales and cotton production, the government on Friday claimed that the national economy was setting a positive...

yesterday 10

Dawn Business

Khaleeq Kiani

Commerce minister seeks reforms for competitive engineering

ISLAMABAD: Commerce Minister Jam Kamal Khan has stressed the need for strategic reforms and government support to elevate the engineering industry...

yesterday 10

Dawn Business

Mubarak Zeb Khan

Telenor Microfinance Bank pre-tax profit surges

ISLAMABAD: Telenor Microfinance Bank (TMB) posted a profit before tax of Rs2.6 billion during the first half of calendar 2024, showing an increase...

yesterday 10

Dawn Business

Kalbe Ali

Cabinet okays plan to revive ML-1 railway project

ISLAMABAD: Like three previous governments, the coalition government led by the PML-N on Friday approved a revival plan for the long-awaited Main...

yesterday 10

Dawn Business

Syed Irfan Raza

Optimism plummets as concerns about economy mount

KARACHI: An international survey conducted by Ipsos has suggested that only one in 10 Pakistanis believe the country is headed in the right...

yesterday 10

Dawn Business

Shahid Iqbal

PM Shehbaz approves Rs1.86 cut in petrol price, high-speed diesel slashed by Rs3.32

Prime Minister Shehbaz Sharif on Saturday approved cuts in the price of petrol and high-speed diesel (HSD) by Rs1.86 and Rs3.23, respectively, for...

yesterday 1

Dawn Business

Nadir Guramani

Govt notifies Rs37,000 minimum wage

ISLAMABAD: The federal government on Wednesday notified a 15.6 per cent increase in the minimum wages of its employees and barred payment of...

previous day 10

Dawn Business

Khaleeq Kiani

Shares at PSX rally 500 points in intraday trade

Shares at the Pakistan Stock Exchange continued to trade in the green on Friday as the index climbed more than 400 points in intraday trade. The...

previous day 2

Dawn Business

Dawn.com

Shares at PSX rally more than 400 points in intraday trade

Shares at the Pakistan Stock Exchange (PSX) continued to trade in the green on Friday as the index climbed more than 400 points in intraday trade....

previous day 10

Dawn Business

Dawn.com

PSX limps to recovery as shares climb more than 100 points

Shares at the Pakistan Stock Exchange (PSX) continued to trade in the green on Friday as the index climbed more than 400 points in intraday trade....

previous day 10

Dawn Business

Dawn.com

Oil industry seeks ban on illegal solvent

ISLAMABAD: The oil industry has urged the federal government to immediately ban the illegal import and distribution of light aliphatic hydrocarbon...

previous day 1

Dawn Business

Khaleeq Kiani

NBP posts Rs9bn loss

KARACHI: The National Bank of Pakistan (NBP) on Thursday reported a massive consolidated loss of Rs8.98 billion during the second quarter ended...

previous day 60

Dawn Business

The Newspapers Staff Reporter

Economic Coordination Committee exempts two key projects from procurement rules

• Raises concerns over financial viability of KKH, Chakdara-Timergara projects • Bars foreign-funded schemes that lack revenue generation •...

previous day 2

Dawn Business

Khaleeq Kiani

Power-plot nexus damaging economy: Atif Mian

WASHINGTON: The nexus between power and plots in Pakistan has seriously affected the economy, says Princeton economist Atif Mian, while urging the...

previous day 50

Dawn Business

Anwar Iqbal

Karachi traders plead against KE’s FCA request

ISLAMABAD: Traders from Karachi have opposed the Rs3.09 per unit additional fuel cost adjustment (FCA) demanded by K-Electric, saying it would put...

previous day 20

Dawn Business

The Newspapers Staff Reporter

Stocks rally on Moody’s rating upgrade

KARACHI: The bulls ended a three-day losing streak on Thursday following a rating upgrade that improved the economic outlook, leading to cherry-...

previous day 10

Dawn Business

Muhammad Kashif

Three major banks declared as D-SIBs

KARACHI: The National Bank of Pakistan, United Bank Ltd and Habib Bank Ltd have been designated as Domestic Systemically Important Banks (D-SIBs)...

previous day 30

Dawn Business

The Newspapers Staff Reporter

SBP reserves rise to $9.4bn

KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $112 million to $9.403 billion during the week ending...

previous day 30

Dawn Business

The Newspapers Staff Reporter

Power bills relief okayed: Punjab finance minister ‘made to skip’ cabinet meeting

LAHORE: As Punjab cabinet on Thursday approved a Rs14 per unit subsidy on August and September electricity bills for consumers in the province and...

previous day 30

Dawn Business

Zulqernain Tahir

Trade gap widens with nine states in July

ISLAMABAD: The first month of the new fiscal year saw a surge of 68.72 per cent in the country’s trade deficit with nine neighbouring countries,...

previous day 10

Dawn Business

Mubarak Zeb Khan

Bilawal terms Punjab power subsidy ‘unsustainable’

• Sindh launches project to bring solar power to 1.6m households • PPP chief says green energy only solution to crisis • Compares PML-N’s...

previous day 30

Dawn Business

Imran Ayub

CPEC termed lifeline for Pakistan economy

ISLAMABAD: Politicians belonging to the ruling coalition as well as the opposition reaffirmed unwavering support to the China-Pakistan Economic...

thursday 100

Dawn Business

Bakhtawar Mian

‘Exorbitant’ Islamic bank charges come under spotlight

ISLAMABAD: A parliamentary panel on Wednesday raised questions over the alleged exploitation of customers by Islamic banks while clearing two...

thursday 40

Dawn Business

The Newspapers Staff Reporter

Tajir Dost fails to boost tax compliance

ISLAMABAD: The Federal Board of Revenue’s (FBR) nearly five-month tax registration drive in 42 cities has brought thousands of traders onto the...

thursday 20

Dawn Business

Mubarak Zeb Khan

PTCL incurs Rs3.4bn quarterly loss

ISLAMABAD: Due to the increased operating expenses and jump in the financing cost, the Pakistan Tele­commun­ic­a­t­ion Company Ltd (PTCL)...

thursday 20

Dawn Business

Kalbe Ali

Nationwide shutter-down inflicts colossal economic losses

• Traders’ associations estimate trade loss of Rs500bn • Incessant rains, transport disruptions keep workers at home KARACHI: The economy...

thursday 40

Dawn Business

Aamir Shafaat Khan

Power users to pay more for fourth quarter

ISLAMABAD: In an interesting observation, National Electric Power Regulatory Authority (Nepra) Chairman Waseem Mukhtar on Wednesday asked the power...

thursday 10

Dawn Business

Khaleeq Kiani

Profit repatriation soars as ‘SBP eases control’

KARACHI: The repatriation of profits and dividends in July this year surged compared to the same month last year, reflecting a major policy shift...

thursday 20

Dawn Business

Shahid Iqbal

Equities drift further lower on elusive IMF deal

KARACHI: The dimmed chances for releasing the first tranche by the International Monetary Fund (IMF) executive board even early next month kept...

thursday 4

Dawn Business

Muhammad Kashif

Government assures D-Chowk protesters no plan to close utility stores

ISLAMABAD: PML-N leader Rana Sanaullah has extended an olive branch to the protesting employees, and assured them that the Utility Stores...

thursday 10

Dawn Business

The Newspapers Staff Reporter

Fear of debt restructuring needs to be overcome, says ex-SBP chief

Rescuing countries from disorderly defaults “hinges on increasing fiscal space by restructuring their debt”, Murtaza Syed, a former acting...

thursday 20

Dawn Business

Dawn.com

Shares at PSX climb more than 400 points in intraday trade

Shares at the Pakistan Stock Exchange (PSX) climbed more than 400 points in intraday trade on Thursday, which one analyst attributed to the...

thursday 10

Dawn Business

Dawn.com

Shares at PSX climb by 356 points

Shares at the Pakistan Stock Exchange (PSX) climbed by 356 points on Thursday, which one analyst attributed to the Moody’s rating upgrade which...

thursday 10

Dawn Business

Dawn.com

PIA’s privatisation to be completed by Oct 1, senate body told

The Pakistan International Airlines (PIA)’s privatisation process will be completed by October 1, Privatisation Commission Secretary Usman Akhtar...

thursday 10

Dawn Business

Nadir Guramani

Traders across Pakistan observe shutter-down strike against tax reforms

Traders across major cities of Pakistan observed a shutter-down strike on Wednesday against the government’s much-touted tax reforms, including...

28.08.2024 30

Dawn Business

Imtiaz Ali

Moody’s upgrades Pakistan’s rating to Caa2; changes outlook to positive

Global rating agency Moody’s on Wednesday upgraded Pakistan’s local and foreign currency issuer and senior unsecured debt ratings to Caa2 from...

28.08.2024 40

Dawn Business

Dawn.com

Cabinet okays abolition, merger of 82 depts

ISLAMABAD: The federal cabinet on Tuesday approved abolition and merger of 82 departments and agencies falling under six federal ministries and...

28.08.2024 20

Dawn Business

The Newspapers Staff Reporter

PSO profit almost triples to Rs16bn

KARACHI: Pakistan State Oil (PSO), the country’s largest oil marketing company, reported on Tuesday a surge of 180 per cent in its profit-after-tax...

28.08.2024 10

Dawn Business

The Newspapers Staff Reporter

Minister Awais Leghari warns against power theft

ISLAMABAD: Minister of Energy (Power Division) Sardar Awais Ahmad Khan Leghari on Tuesday said that there will be a zero-tolerance policy towards...

28.08.2024 5

Dawn Business

The Newspapers Staff Reporter

Traders take to streets against tax reforms today

ISLAMABAD: The government’s much-touted tax reform is likely to face substantial resistance as the traders’ community has announced a...

28.08.2024 5

Dawn Business

Mubarak Zeb Khan

PSX tumbles on economic uncertainty

KARACHI: The stock market continued its southward journey on Tuesday amid growing security concerns and economic uncertainty about securing the IMF...

28.08.2024 2

Dawn Business

Muhammad Kashif

Petroleum Division distances itself from no-gas policy to CPPs

ISLAMABAD: The Petroleum Division of the Ministry of Energy on Tuesday distanced itself from the policy of gas disconnection to industrial Captive...

28.08.2024 10

Dawn Business

The Newspapers Staff Reporter

Petroleum Division distances itself from no-gas policy to captive power plants

ISLAMABAD: The Petroleum Division of the Ministry of Energy on Tuesday distanced itself from the policy of gas disconnection to industrial Captive...

28.08.2024 3

Dawn Business

The Newspapers Staff Reporter

Interest rate cuts fail to stimulate private sector borrowing

KARACHI: The private sector has yet to begin borrowing from banks this fiscal year, despite a 2.5 per cent cut in the interest rate aimed at...

28.08.2024 10

Dawn Business

Shahid Iqbal

Govt fails to secure targeted loan in July

ISLAMABAD: Pending approval of the $7 billion bailout by the IMF’s executive board, the government made a poor take-off and received just $436.4...

28.08.2024 10

Dawn Business

Khaleeq Kiani

French agency offers Rs1.2bn cheaper funding to SMEs

ISLAMABAD: The French aid agency has allocated Rs1.2 billion in concessional finance to 90 SMEs in Women Ventures and GreenFin Innovations in...

28.08.2024 20

Dawn Business

Kalbe Ali

NayaPay, DealCart make it to Forbes’ Watch list

KARACHI: In a challenging economic landscape, fintech disruptor NayaPay and e-commerce startup DealCart earned coveted spots on Forbes Asia’s 100...

28.08.2024 3

Dawn Business

Dawn Report

Auditor general of Pakistan pinpoints Rs4.5tr leakages in power sector

ISLAMABAD: The Auditor Gene­ral of Pakistan has identified leakage, malfeasance and dozens of other loss-making practices to the tune of Rs4.5...

27.08.2024 20

Dawn Business

Khaleeq Kiani

Businesses want cut in SBP policy rate to 15pc

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Atif Ikram Sheikh has urged the State Bank of Pakistan (SBP) to...

27.08.2024 20

Dawn Business

Aamir Shafaat Khan

Shell Pakistan earnings plunge 63pc

KARACHI: Shell Pakistan Ltd (SPL) on Monday reported a 62.85 per cent decline in its profit-after-tax (PAT) to Rs1.3 billion for the half year...

27.08.2024 20

Dawn Business

The Newspapers Staff Reporter

2 Pakistani startups make it to coveted Forbes ‘Asia 100 to Watch’ list

Two Pakistani startups, DealCart and Nayapay, have made it to Forbes’ coveted ‘Asia 100 to Watch 2024’ list. According to the Forbes website,...

27.08.2024 1

Dawn Business

Dawn.com

AGP pinpoints Rs4.5tr leakages in power sector

ISLAMABAD: The Auditor Gene­ral of Pakistan has identified leakage, malfeasance and dozens of other loss-making practices to the tune of Rs4.5...

27.08.2024 10

Dawn Business

Khaleeq Kiani

Green Pakistan Initiative role in agriculture sector discussed in NA committee

ISLAMABAD: Mem­bers of the National Assembly Standing Committee on National Food Security and Research were on Monday given an in-depth briefing...

27.08.2024 1

Dawn Business

Amin Ahmed

Green Pakistan Initiative role in agriculture sector discussed in NA

ISLAMABAD: Mem­bers of the National Assembly Standing Committee on National Food Security and Research were on Monday given an in-depth briefing...

27.08.2024 5

Dawn Business

Amin Ahmed

Consumers brace for Rs1.90 quarterly hike in tariff

ISLAMABAD: While completing the process for Rs1.90 per unit additional quarterly tariff adjustment in electricity rates across the country, the...

27.08.2024 3

Dawn Business

Khaleeq Kiani

PIACL incurs Rs75bn loss in 2023

ISLAMABAD: The National Assembly’s Standing Committee on Privatisation was informed on Monday that Pakistan International Airlines Company Ltd...

27.08.2024 6

Dawn Business

Amin Ahmed

Aurangzeb discusses tax strategies

ISLAMABAD: The Federal Board of Revenue (FBR has constituted a focal committee to develop various initiatives and reforms to broaden the tax base,...

27.08.2024 6

Dawn Business

Mubarak Zeb Khan

Fishing industry holds export potential worth billions if proper procedure followed: expert

Pakistan’s fishing industry holds an export potential worth $4 billion if it follows the proper procedure that India has adopted, according to an...

27.08.2024 4

Dawn Business

Dawn.com

Pakistan aims to secure $4bn from Middle Eastern banks, says SBP chief

Pakistan aims to raise up to $4 billion from Middle Eastern commercial banks by the next fiscal year, the country’s central bank chief told Reuters...

27.08.2024 10

Dawn Business

Reuters

Stocks falter amid mounting security concerns

KARACHI: Amid surging terrorist attacks in Balochistan, killing dozens of innocent people, the stock market turned negative in a mixed session on...

27.08.2024 8

Dawn Business

Muhammad Kashif

Traders’ bodies go on strike tomorrow against ‘heavy’ taxes in KP

MANSEHRA: Traders’ bodies on Monday announced to observe a complete shutter down strike and take to the streets on Wednesday (Aug 28) to protest...

27.08.2024 4

Dawn Business

Dawn Report

New tax threatens exports in KP: SCCI

PESHAWAR: Sarhad Chamber of Commerce and Industry president Fuad Ishaq on Monday expressed concern about the imposition of two per cent tax on...

27.08.2024 4

Dawn Business

Bureau Report

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