Business - DAWN.COM

Today's Paper | September 28, 2023

PSX returns to trading in red after a day of modest gains

PSX returns to trading in red after a day of modest gains

OGDCL, World Call, Agritech Ltd, Fauji Foods Limited, PIA and Pakistan Petroleum Ltd see major activity.

Published 28 Sep, 2023 04:45pm

Follow Dawn Business on Twitter, Facebook, Instagram and LinkedIn.

PKR’s bullish run against dollar continues, gains by another rupee in interbank

PKR’s bullish run against dollar continues, gains by another rupee in interbank

Pakistani rupee is set to be the top-performing currency globally this month, owing to crackdown on currency market.

Updated 28 Sep, 2023 04:37pm

Pakistan owes $1.2bn to Chinese power producers

Pakistan owes $1.2bn to Chinese power producers

Govt requests regulator to approve Rs1.83 per unit hike for August.

Published 28 Sep, 2023 06:58am

Indonesia bans goods transactions on social media platforms

Calls have grown in recent months for a regulation governing e-commerce.

Published 28 Sep, 2023 06:58am

Exports to US plunge 24pc in July-August

Exports to US plunge 24pc in July-August

Duty drawback on local taxes and levies has created additional challenges for exporters.

Published 28 Sep, 2023 06:58am

Centre discusses reduction in development projects with provinces

Centre discusses reduction in development projects with provinces

Federal govt to cut Public Sector Development Programmes by Rs200-250bn.

Published 28 Sep, 2023 07:01am

Digital payments soar with 85pc dominance

Digital payments soar with 85pc dominance

Banks and MFBs processed 2.073 trillion e-banking transactions worth Rs167.4 trillion during FY23.

Published 28 Sep, 2023 06:58am

Another ‘electric shock’ in store for K-Electric consumers

Another ‘electric shock’ in store for K-Electric consumers

Nepra approves up to Rs4.46 per unit increase in power rates for Oct, Nov; withholds 47 paise hike due to legal consequences.

Updated 28 Sep, 2023 08:07am

Cement maker to hold share buyback

Cement maker to hold share buyback

Size of transaction should hover around Rs215.5m at prevailing share price of Rs14.37 apiece.

Published 28 Sep, 2023 06:58am

SIFC meeting reviews ministries’ progress

SIFC meeting reviews ministries’ progress

Also reviews various enforcement mechanisms put in place to deal with the menace of smuggling, hoarding and black marketing.

Published 28 Sep, 2023 06:58am

The gains the rupee has seen in recent weeks will be very difficult to sustain

The gains the rupee has seen in recent weeks will be very difficult to sustain

Editorial: We are in midst of the worst, longest economic crisis due to lavish lifestyles of powerful interests

Editorial: We are in midst of the worst, longest economic crisis due to lavish lifestyles of powerful interests

Consumers entering their data into systems of retail companies they don’t know well are taking a big risk

Consumers entering their data into systems of retail companies they don’t know well are taking a big risk

Highlights

Crackdown on illegal dollar trade has stopped black market activities in forex market — for now

Crackdown on illegal dollar trade has stopped black market activities in forex market — for now

Why it is simply not possible for Pakistan to continue on consumption-oriented growth trajectory

Why it is simply not possible for Pakistan to continue on consumption-oriented growth trajectory

Losses of state-owned enterprises form significant percentage of govt’s borrowings from banks

Losses of state-owned enterprises form significant percentage of govt’s borrowings from banks

The latest economic crisis is going to alter Pakistan’s class demographics in irreversible ways

The latest economic crisis is going to alter Pakistan’s class demographics in irreversible ways

Cryptocurrency — claims and reality

Cryptocurrency — claims and reality

Energy security through biofuels

Energy security through biofuels

Aurora

How are consumers dealing with increasing inflation?

How are consumers dealing with increasing inflation?

The Swift Rise of Taylor

The Swift Rise of Taylor

Are you addicted to social media scrolling?

Are you addicted to social media scrolling?

Business & Finance

The dollar galore in grey market

The dollar galore in grey market

SBP decision to allow importers to arrange dollars led to foreign currency being purchased from hundi operators in Dubai at significant premiums.

Updated 25 Sep, 2023 10:06am

The continuing consumption trap

The continuing consumption trap

To achieve even a 3pc growth rate, Pakistan needs additional foreign currency of an estimated $7bn annually.

Updated 25 Sep, 2023 10:35am

Economic issues are too deep

Economic issues are too deep

State-owned enterprises’ annual financial losses roughly equal a fifth of the central bank’s foreign exchange reserves.

Updated 25 Sep, 2023 10:45am

Balancing the scales

Balancing the scales

Pakistan must weigh the need for coal power against its renewable energy goals, as outlined in the National Adaptation Plan.

Updated 25 Sep, 2023 11:07am

Newspaper

Pakistan owes $1.2bn to Chinese power producers

Allied Bank Ltd to set up exchange company

Exports to US plunge 24pc in July-August

Cement maker to hold share buyback

Indonesia bans goods transactions on social media platforms

Digital payments soar with 85pc dominance

Nishat declares dividend

Stocks add 87 points amid falling volume

Why stockbrokers are going out of business

No booking premium on dollar for one month

AIIB unveils plan to tackle climate change

‘Amazon running illegal online retail monopoly’

‘Regime soon’ to help IT firms bring back export earnings

Stocks lose 116 points on profit-taking

Draft tax treaty with Germany signed

SECP introduces amendments to anti-money laundering laws

Stocks inch down amid higher volumes

Inflation monitoring system revived

High tariffs hindering exports: PIDE chief

Options to cut power costs being mulled

Steel prices set to rise despite stronger rupee

SBP bans two exchange companies for violations

SIUT interested in buying Regent Plaza

Govt borrows Rs1.6tr in 70 days