Business - DAWN.COM

In talks with Dar, China vows to ‘upgrade’ CPEC

Deputy PM describes relations with China as the cornerstone of Pakistan’s foreign policy.

Updated 16 May, 2024 07:51am

PSX Highlights of the Day

Company	Price	Change	Change %	Volume
SSML	6.8200	1.0000	17.18 ▲	38,000
CSIL	2.9900	0.3900	15.00 ▲	4,589,500
ARUJ	10.1000	1.0000	10.99 ▲	25,000
DWTMDEF	4.3900	0.4100	10.30 ▲	3,000
DCL	9.4400	0.8300	9.64 ▲	22,716,228

Company	Price	Change	Change %	Volume
SLLDEF	1.5500	-0.3000	-16.22 ▼	24,000
FEM	3.0100	-0.4400	-12.75 ▼	5,000
CLVL	9.6900	-1.0000	-9.35 ▼	31,500
FPJM	1.4300	-0.1300	-8.33 ▼	293,500
BRRG	14.6500	-1.1900	-7.51 ▼	14,500

Updated May 16, 2024

Govt seeks 25pc hike in electricity tariff

Power companies seek an increase of Rs4.40 to Rs6.51 per unit in the overall power purchase price for FY25.

Published 16 May, 2024 07:12am

Inefficient power plants exacerbating circular debt crisis: report

Significant factor contributing to the high cost of electricity is the deliberate non-use or under-utilisation of power plants, says report.

Published 16 May, 2024 07:12am

Cotton picking begins as prices plummet

Growers fear they won’t get just compensation for their produce.

Published 16 May, 2024 07:12am

Big industry production expands 2pc in March

The annual change in the LSM index has been mostly positive since August, when it rose 0.26pc.

Published 16 May, 2024 07:12am

Govt raises Rs640bn, slashes T-bill yields by up to 49bps

Borrowings from banks surge to Rs6.2tr in 10 months.

Published 16 May, 2024 07:12am

Urea makers link price cut with gas supply

Fauji Fertiliser Company executive says all fertiliser plants should be supplied gas from the Mari field under bilateral arrangements.

Published 16 May, 2024 07:12am

US spending $85m on malnutrition in flood-tossed areas, says ambassador Blome

Says over 70 US companies are staffed by Pakistanis, stresses competitiveness.

Updated 16 May, 2024 11:27am

PM seeks provinces’ input in budget

Says Centre will help address the problems confronting the provinces.

Updated 16 May, 2024 10:55am

Meezan Bank gets PCI 3DS certification

This milestone positions Meezan Bank as the first Pakistani bank to attain such an accreditation.

Published 16 May, 2024 07:12am

Editorial: Opportunity given by Dubai property leaks must be seized to close the net around powerful elements

Editorial: The tussle between Aurangzeb and Dar on privatisation was inevitable

Editorial: Consistent PSDP contraction is a sign of Pakistan’s lingering financial and economic crisis

Highlights

Solar net metering policy discontent

Squeezing the juice industry

Pakistan’s rice-water dilemma

Financing a genocide in Gaza

Paradox of investments and rates

Looming pension crisis cries out for corrective measures

Aurora

Navigating the minefield of Gen Z

Are inflation and brand boycotts changing your shopping habits? Take our survey now!

Pakistan’s agricultural R&I system is in desperate need of a revamp

Business & Finance

Solar net metering policy discontent

Current electricity pricing regime subsidises wealthy, solar power generating households while shifting cost burden on the grid-dependent citizens.

Published 13 May, 2024 08:55am

Pakistan’s rice-water dilemma

Govt must look into short to medium term water management as surging rice farming and depleting ground water may lead to serious environment consequences.

Published 13 May, 2024 08:51am