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The Newspapers Staff Reporter

The Newspapers Staff Reporter

Dawn Business

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Dubai Islamic Bank Pakistan signs issuing bank pact with IFC

KARACHI: Dubai Islamic Bank Pakistan Ltd (DIBPL) has signed an issuing bank agreement with the International Finance Corporation (IFC) to support...

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Dawn Business

The Newspapers Staff Reporter

Citi Pharma sets up joint venture with Chinese firm

KARACHI: Citi Pharma Ltd (CPL) has entered into a joint venture with Hangzhou Newsea Technology Co Ltd, a renowned player in the Chinese...

latest 10

Dawn Business

The Newspapers Staff Reporter

Batteries with renewables can cut power costs: study

KARACHI: Battery energy storage systems (BESS), in combination with solar and wind power, can bring down electricity prices to as low as 6-8 cents per...

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Dawn Business

The Newspapers Staff Reporter

Urea sales hit three-year low

KARACHI: Urea sales hit a three-year low, plunging 49 per cent month-on-month to 328,000 tonnes in April and 33pc year-on-year. Sherman Research said...

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Dawn Business

The Newspapers Staff Reporter

Power division seeks Rs130bn for subsidy

ISLAMABAD: The Power Division has sought immediate disbursement of about Rs130 billion on account of subsidy payments against K-Electric and Azad...

yesterday 30

Dawn Business

The Newspapers Staff Reporter

‘PTCL’s buyout of Telenor to stifle competition’

ISLAMABAD: The Competition Commission of Pakistan (CCP) has observed that the takeover of Telenor Pakistan by the Pakistan Teleco­mmunication Company...

yesterday 10

Dawn Business

The Newspapers Staff Reporter

Engro, Dawood Hercules Corporation okay restructuring plan

KARACHI: The boards of Dawood Hercules Corporation Ltd (DH Corp) and Engro Corporation Ltd (Engro Corp) have, in principle, approved a proposal to...

yesterday 30

Dawn Business

The Newspapers Staff Reporter

SIFC advised to focus on investment climate

KARACHI: As Pakistan pursues various options to attract investment, especially foreign direct investment (FDI), the Pakistan Business Council (PBC)...

yesterday 20

Dawn Business

The Newspapers Staff Reporter

Probe panel discusses wheat import scandal

CHINIOT: Farmers thresh wheat crop in their field at Jhang Road, on Sunday.—APP ISLAMABAD: The first meeting of an inquiry committee, headed by...

previous day 70

Dawn Business

The Newspapers Staff Reporter

Oil and gas sector wants govt to clear Rs1.5tr dues

ISLAMABAD: The oil and gas exploration companies have warned the government that their financial default was eminent as the outstanding amount against...

sunday 20

Dawn Business

The Newspapers Staff Reporter

Weekly inflation slows to 24.4pc

ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), recorded a year-on-year increase of 24.37 per cent in the week ending on...

04.05.2024 50

Dawn Business

The Newspapers Staff Reporter

Punjab industries minister for boosting trade with South Korea

LAHORE: Punjab Industries Minister Shafay Hussain says Pakistan has trade cooperation with South Korea, but there is a need to increase bilateral...

04.05.2024 40

Dawn Business

The Newspapers Staff Reporter

FPCCI defends wheat imports

ISLAMABAD: The Federation of Pakistan Cham­bers of Commerce and Industries (FPCCI) urged the federal government on Thursday to avoid harassing the...

03.05.2024 30

Dawn Business

The Newspapers Staff Reporter

OGDCL earns Rs171bn

ISLAMABAD: Oil and Gas Development Company Ltd (OGDCL) posted a 7.18 per cent increase in its profit after tax (PAT) to Rs171.104 billion (earnings...

02.05.2024 30

Dawn Business

The Newspapers Staff Reporter

Mandatory expiry dates on cement bags proposed

ISLAMABAD: The Ministry of Science and Technology (MoST) has decided to forward the Competition Commission of Pakistan’s (CCP) proposal to revise...

02.05.2024 30

Dawn Business

The Newspapers Staff Reporter

Govt raises Rs253bn from T-bills’ auction

KARACHI: The government raised Rs252.9 billion on Tuesday through the auction of treasury bills. The government set the target of Rs300bn while the...

01.05.2024 30

Dawn Business

The Newspapers Staff Reporter

HBL to inject Rs6bn in subsidiary

KARACHI: Habib Bank Ltd (HBL) has announced a significant equity investment of Rs6 billion in its subsidiary, HBL Microfi­nance Bank (HBLMfB). The...

01.05.2024 40

Dawn Business

The Newspapers Staff Reporter

Aramco’s acquisition of 40pc Gas & Oil Pakistan stake cleared

ISLAMABAD: The Competition Commission of Pakistan (CCP) approved Aramco’s 40 per cent equity stake acquisition in Gas & Oil Pakistan Ltd (GO), the...

30.04.2024 50

Dawn Business

The Newspapers Staff Reporter

Indus Motor Company, Fauji Fertiliser Company Ltd profits rise

KARACHI: Indus Motor Company (IMC), the assembler of Toyota vehicles, posted a 61 per cent increase in its profit-after-tax (PAT) to Rs9.41 billion...

30.04.2024 20

Dawn Business

The Newspapers Staff Reporter

Petrol, diesel prices likely to be cut by Rs9 per litre

ISLAMABAD: The petrol and high-speed diesel (HSD) prices are set to drop by about Rs5 and Rs9 per litre, respectively, on Tuesday mainly because of a...

30.04.2024 30

Dawn Business

The Newspapers Staff Reporter

PM Shehbaz secures more investment assurances from Riyadh

• Discusses sustained growth prospects with IMF chief; decision on final SBA tranche due today • Saudi minister dubs Shehbaz ‘man of action’;...

29.04.2024 50

Dawn Business

The Newspapers Staff Reporter

OICCI calls for imposing tax on agri income

KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI) has urged the government to focus on broadening the tax base, which the...

28.04.2024 30

Dawn Business

The Newspapers Staff Reporter

PBC calls for coordinated policies to boost exports

KARACHI: Pakistan Business Council (PBC) has urged the government to adopt an aligned and consistent series of policies and actions to boost exports...

27.04.2024 10

Dawn Business

The Newspapers Staff Reporter

Nestle’s profit falls, PSO posts 30pc rise

KARACHI: Nestlé Pakistan Ltd on Friday reported that its profit-after-tax (PAT) fell 10.49 per cent to Rs50.67 billion, translating into earnings per...

27.04.2024 40

Dawn Business

The Newspapers Staff Reporter

Faysal bank earns Rs6.5bn

KARACHI: Faysal Bank Ltd (FBL) continued its growth stride during the first quarter of 2024, with a profit after tax doubled to Rs6.5 billion compared...

26.04.2024 40

Dawn Business

The Newspapers Staff Reporter

World Bank sees fall in commodity prices

ISLAMABAD: The World Bank projects that global commodity prices will fall 3 per cent in 2024, but the conflict in the Middle East could halt the...

26.04.2024 20

Dawn Business

The Newspapers Staff Reporter

Modern warehousing can transform agriculture, says finance minister

LAHORE: Finance Minister Muhammad Aurangzeb has said that Pakistan’s current economic outlook can help the private and financial sectors transform...

26.04.2024 30

Dawn Business

The Newspapers Staff Reporter

Dairy exports to China on the cards

LAHORE: Pakistan will soon start exporting dairy products to China through a state-of-the-art farm developed in Sheikhupura, says Punjab Livestock...

25.04.2024 70

Dawn Business

The Newspapers Staff Reporter

MCB Bank profit increases 27pc

KARACHI: MCB Bank on Wednesday reported a 27 per cent increase in its profit-after-tax (PAT) to Rs16.6 billion translating into earnings per share...

25.04.2024 20

Dawn Business

The Newspapers Staff Reporter

Mahaana Islamic Index ETF listed

KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday announced the listing of the Mahaana Islamic Index Exchange Traded Fund (MIIETF) managed by...

24.04.2024 30

Dawn Business

The Newspapers Staff Reporter

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 state-owned...

23.04.2024 40

Dawn Business

The Newspapers Staff Reporter

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...

23.04.2024 30

Dawn Business

The Newspapers Staff Reporter

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...

21.04.2024 30

Dawn Business

The Newspapers Staff Reporter

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,...

20.04.2024 40

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 10

Dawn Business

The Newspapers Staff Reporter

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

FPCCI rejects hike in petroleum prices

KARACHI: Trade and industry have rejected the upward revision of petroleum prices, saying that it will further increase the cost of doing business...

18.04.2024 10

Dawn Business

The Newspapers Staff Reporter

Rupee loses more value against dollar

KARACHI: The rupee remained under pressure against the US dollar for the third consecutive session on Wednesday despite positive talks with the...

18.04.2024 20

Dawn Business

The Newspapers Staff Reporter

Power firms seek to extract Rs23bn more for March

ISLAMABAD: Despite 79 per cent of power generation coming from cheaper local fuels, the government has sought clearance from the National Electric...

18.04.2024 10

Dawn Business

The Newspapers Staff Reporter

Rupee falls 17 paise against US dollar

KARACHI: The rupee struggled to remain firm on Tuesday, but the US dollar appreciated in the interbank market for the second day in a row. The State...

17.04.2024 30

Dawn Business

The Newspapers Staff Reporter

Cement bags must carry making, expiry dates: Comp­etition Commission of Pakistan

ISLAMABAD: To enhance consumer protection and ensure transparency, the Comp­etition Commission of Pakistan (CCP) has pr­o­posed amendments to the...

17.04.2024 20

Dawn Business

The Newspapers Staff Reporter

Pak Suzuki data ‘leaked’

KARACHI: Pak Suzuki Motor Company Ltd (PSMCL) has said that its corporate data has been leaked due to a cyberattack. In a stock filing on Monday,...

16.04.2024 30

Dawn Business

The Newspapers Staff Reporter

Boosting exports must for economic stability: Privatisation Minister Aleem

KARACHI: As a high-level Saudi trade delegation arrived on Monday, Privatisation Minister Abdul Aleem Khan has asked the business community and...

16.04.2024 20

Dawn Business

The Newspapers Staff Reporter

Bank Alfalah Ltd to buy Samba

KARACHI: Bank Alfalah Ltd (BAFL) on Monday announced its intention to acquire a majority stake in Samba Bank Ltd. The BAFL shared this information...

16.04.2024 10

Dawn Business

The Newspapers Staff Reporter

PBC calls for reform-centric qualitative targets

KARACHI: Pakistan Business Council (PBC) has said that the International Monetary Fund’s previous programmes have suffered from short-term,...

14.04.2024 10

Dawn Business

The Newspapers Staff Reporter

Special Economic Zones investors urge govt to resolve tax issues

ISLAMABAD: Special Economic Zones (SEZs) investors have again urged the government to address anomalies in two crucial tax-related issues to stimulate...

14.04.2024 30

Dawn Business

The Newspapers Staff Reporter

Govt asked to allow import of used cars, SUVs

KARACHI: Used car dealers have urged the government to allow the commercial imports of cars up to 10 years old and SUVs up to 20 years, saying this...

14.04.2024 10

Dawn Business

The Newspapers Staff Reporter

First Sharia-compliant brokerage gets licence

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has granted a licence to ZLK Islamic Financial Services (Pvt) Ltd, making it the...

11.04.2024 80

Dawn Business

The Newspapers Staff Reporter

SBP develops payment framework for BISP beneficiaries

KARACHI: The State Bank of Pakistan (SBP) has developed a framework to onboard the Benazir Income Support Programme (BISP) beneficiaries for receiving...

11.04.2024 50

Dawn Business

The Newspapers Staff Reporter

OICCI seeks steps for ease of doing business

LAHORE: Overseas Investors Chamber of Commerce and Industry (OICCI) has emphasised the need for significant progress towards Ease of Doing Business...

11.04.2024 80

Dawn Business

The Newspapers Staff Reporter

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