Business - DAWN.COM

E-Paper | September 10, 2024

Unplanned power subsidies impede $7bn bailout

Unplanned power subsidies impede $7bn bailout

Pakistan "off IMF calendar, not agenda".

Updated 10 Sep, 2024 10:06am

Related

PSX Highlights of the Day

Company	Price	Change	Change %	Volume
LSEFSL	5.2500	0.7000	15.38 ▲	147,434
DEL	7.5300	1.0000	15.31 ▲	1,446,223
KSTMDEF	8.2100	0.9400	12.93 ▲	251,466
BILF	10.7500	1.0000	10.26 ▲	1,457,239
PAKL	29.0000	2.6400	10.02 ▲	3,001

Company	Price	Change	Change %	Volume
TRSM	4.8200	-0.9400	-16.32 ▼	33,756,767
PASLDEF	1.2100	-0.1700	-12.32 ▼	2,725,604
SLLDEF	2.5500	-0.3400	-11.76 ▼	138,521
UVIC	7.6900	-1.0000	-11.51 ▼	57,528
FCIBL	7.5700	-0.9200	-10.84 ▼	3,626

Source: PSX | Updated Sep 09, 2024

Remittances jump by 44pc in two months

Remittances jump by 44pc in two months

In July, remittances went up by 48 per cent year-on-year, setting a trend of higher inflows.

Updated 10 Sep, 2024 10:09am

$19bn shortfall halts flood reconstruction

$19bn shortfall halts flood reconstruction

Extreme weather caused $30bn losses in 2022, only $10.9bn pledges received.

Updated 10 Sep, 2024 09:56am

CCP okays share buying in SECMC

In its competition assessment, the CCP identifies the relevant market as "coal mining" within Pakistan.

Published 10 Sep, 2024 08:36am

Global trade helped reduce extreme poverty, inequality: WTO

Global trade helped reduce extreme poverty, inequality: WTO

New report by World Trade Organisation says poorer nations suffer due to high tariffs, red tape, poor infrastructure.

Updated 10 Sep, 2024 10:24am

LDI firms cannot be shut down, Senate committee told

LDI firms cannot be shut down, Senate committee told

Using VPNs to access X (formerly Twitter) is illegal, say interior ministry representatives.

Updated 10 Sep, 2024 10:01am

Asian Development Bank chief to step down in February

Asian Development Bank chief to step down in February

Says he is dedicated to fulfilling his responsibilities with the utmost commitment until his final day.

Updated 10 Sep, 2024 09:54am

Three new cotton varieties approved

Three new cotton varieties approved

CCRI claims that these varieties have high-quality fiber are heat tolerant with higher yield.

Published 10 Sep, 2024 08:29am

Stocks tumble on IMF, political uncertainty

Stocks tumble on IMF, political uncertainty

Analyst says stocks closed lower amid a slump in global equities and concerns about political noise.

Published 10 Sep, 2024 08:27am

Millat profit surges

Millat profit surges

Revenue from contracts with customers rise to Rs95bn in FY24 from Rs47bn in the preceding year.

Published 10 Sep, 2024 08:29am

Editorial: Is Pakistan’s new bailout deal with the IMF in trouble?

Editorial: Is Pakistan’s new bailout deal with the IMF in trouble?

Keeping parliamentarians in luxury costs Pakistan Rs27.67 billion per annum

Keeping parliamentarians in luxury costs Pakistan Rs27.67 billion per annum

Pakistan’s green energy financing needs can be met by Chinese investors

Pakistan’s green energy financing needs can be met by Chinese investors

Highlights

IMF lifeline and debt dilemma

IMF lifeline and debt dilemma

CORPORATE WINDOW: Struggles of packaged milk

CORPORATE WINDOW: Struggles of packaged milk

Building confidence for CPEC’s success

Building confidence for CPEC’s success

The chase for gold

The chase for gold

Modernising farming with agri-startups

Modernising farming with agri-startups

Agriculture: Beet sugar merits a fresh impetus

Agriculture: Beet sugar merits a fresh impetus

Aurora

Can the agriculture sector save Pakistan?

Can the agriculture sector save Pakistan?

The seedhi saadhi khushi of Sooper

The seedhi saadhi khushi of Sooper

The rundown on the Dragons of Pakistan awards

The rundown on the Dragons of Pakistan awards

Business & Finance

CORPORATE WINDOW: Developing infrastructure with Sukuk

CORPORATE WINDOW: Developing infrastructure with Sukuk

Primary focus of sovereign Sukuk is to replace expensive interest-based borrowing and to meet the government’s budgetary needs.

Published 09 Sep, 2024 05:49am

COMPANY NEWS

The State Bank of Pakistan (SBP) announced the conclusion of the Art Competition for the designs of the new

Published 09 Sep, 2024 05:49am

Too many people, too little planning

Too many people, too little planning

A third of Pakistan’s urban population lives in Karachi and Lahore, leading to unplanned sprawl and growth of...

Updated 09 Sep, 2024 10:47am

Unifying state and citizen

Local elections give people the power to make decisions that directly affect their neighbourhoods

Updated 09 Sep, 2024 09:10am

Newspaper

Remittances jump by 44pc in two months

Unplanned power subsidies impede $7bn bailout

CCP okays share buying in SECMC

LDI firms cannot be shut down, Senate committee told

$19bn shortfall halts flood reconstruction

Asian Development Bank chief to step down in February

Three new cotton varieties approved

Millat profit surges

Stocks tumble on IMF, political uncertainty

CORPORATE WINDOW: Developing infrastructure with Sukuk

COMPANY NEWS

Too many people, too little planning

Unifying state and citizen

Learning poverty of poor countries

The falling importance of child vaccinations

Data points

The price tag of the ‘American Dream’

BRI investments in Africa

Telegram’s popularity

Advancing towards a cashless society

Repairing financial coverage flaws

The stealth cost of legislature

Towards green energy via CPEC

Crude oil — savings on the horizon?