Cabinet Committee on Energy extends negotiations with hydel and gas based IPPs for tariff reduction
A separate case is being prepared for hydel and gas IPPs who have not signed the MoU
SBP maintains policy rate at 22%, citing high inflation
SBP governor says real interest rate remains “significantly” positive on a 12-month forward-looking basis, hinting at a potential rate cut in the coming months
Can a premature rate cut threaten the rupee’s stability?
The rupee remains vulnerable to external and domestic risks
Impact on cement sector as coal prices reach pre-pandemic lows
How will the sector react in a period when coal prices are expected to decrease
Why did automotive CKD/SKD imports spike in December?
The automotive industry is at record lows, but car companies imported more CKD/SKD kits than normal
As Bjarke leaves Daraz, more layoffs on the cards at Pakistan’s biggest eCommerce company
Up to 25% workforce at Daraz expected to be slashed, including people in senior management
Collapsing sales? No problem; Honda carries the torch nine months into market year
Honda’s gross and net profit margins rise despite collapse in sales revenue
Cabinet rejects plan to hand DISCOs over to army-led committees, claiming they have enough going on
Cabinet states that DISCOs should focus on their primary responsibility rather than short-term fixes such as bringing in performance management units.
Tobacco industry sounds alarm as manufacturing drops by 40%
FBR’s track and trace system blamed for being unable to quash the sale of counterfeits
Pakistan’s rice exports surge by over 76.5% in first six months
Rice exports likely to make a record of over 3.5 billion dollars this year
PSO starts new year with a twin crisis of receivables and payables
PSO’s receivables rise to Rs 853 billion with payables coming in to the tune of Rs 142bn
Shipping agents defend charges after KPT Chairman’s critique
Uniform charges cannot be implemented due to concerns about cartelisation: PSAA
Why are Pakistan’s furnace oil exports booming?
Halfway into the year, Pakistan’s 6MFY24 furnace oil exports outstrip all of fiscal year 2023’s numbers
Cheetay mulling shut down, Dastgyr, others look towards layoffs as startups go through another purge
Hurting macros, global dearth of risk capital lead to massive layoffs, closures in Pakistan’s startup scene.
As military tensions rise between Pakistan, Iran, both official and unofficial trade remains unaffected
Trading has continued across the border and so has smuggling. But could that change in the days to come?