News

Implementation of $2.8bn Saudi MoUs

Empha­sising the significance of cooperation between Pakistan and Saudi Arabia in different sectors, Prime Minister Shehbaz Sharif on Tuesday expressed satisfaction over the implementation of recently signed memorandums of understanding (MoUs) for Saudi investment worth $2.8 billion in Pakistan. The bilateral ties were discussed as the deputy interior minister of Saudi Arabia paid a courtesy ca

SBP event showcases how well women leaders ‘get’ finance

Don’t marry off your girls till they are financially independent,” says screenwriter Zanjabeel Asim Shah — a fairly revolutionary statement in a society where sons have careers and daughters are mostly to be married off. Celebrating Women’s Entrepre­neur­­ship Day, the State Bank of Pakistan invited women leaders, who narrated their success stories, along with a healthy dose of pragmatism. The

Stocks rise on robust economic data

The inflow of positive economic numbers helped the stock market maintain its bullish momentum as the KSE 100 index settled at a record peak near 95,000 on Monday. Despite falling by 143.20 at 94,620.45 in early trade on profit-taking, the index bounced back with a 544.27-point rally to hit an intraday high of 95,307.92 after the country posted a third straight monthly current account surplus.

Drafting new climate goals

After a week of negotiations and disagreements, the delegates from across the world gathered in Baku for COP29, released a draft outlining the climate finance goal — New Collective Quantified Goal — but several revisions are expected before an agreement is reached, if any. The bone of contention is where the finance will come from, as the Global South, including Pakistan, demands money from the

Sindh’s coal gasification dream

The Sindh Coal Authority is striving to woo private investment to finance the country’s first coal-to-gas project to initially produce 100 million cubic feet per day (mmcfd) to 200mmcfd of synthetic gas (syngas) from coal in the Thar desert. The project, part of Sindh’s ambitious Thar coal gasification project, proposes to produce syngas to convert it into urea fertilisers at integrated syngas-