The Economic Coordination Committee (ECC) on Monday approved an initial budget of over Rs410 million to deal with the participants of the Pakistan Tehreek-e-Insaf (PTI) long march with an iron hand and also backed the decision to provide cheap electricity to exporters. Chaired by Finance Minister Ishaq Dar, a meeting of the ECC deferred a summary for fixing the wheat support price and instead a
The KSE-100 index traded in the positive zone on Monday, thanks to Finance Minister Ishaq Dar’s statement that Pakistan won’t seek debt restructuring from the Paris Club and fulfil all multilateral, international and bond payments, said Topline Securities. Another reason for the index to open in the green and stay positive for the most part of the trading session was the analysts’ expectation o
IT’S a curious case of the rising rupee and falling inflation. How can the local currency strengthen as the mighty dollar continues to pummel all major currencies: the euro, pound sterling, the yen, the yuan, and whatnot? And how did headline CPI inflation lose four percentage points to arrive at 23.2pc in September, when our curries have fewer and fewer tomatoes and onions these days? At
IN modern geopolitics, energy — specifically its supply, pricing and availability — can be and is weaponised by states and blocs to secure leverage. The Western decision to sanction Russian oil and gas after Moscow’s invasion of Ukraine is a case in point. That is why states that are not major energy producers, like Pakistan, need to craft foolproof energy security policies that can shield them
The share price of JDW Sugar Mills Ltd hit the upper limit for intraday gains on Monday after the company told investors it’s going to buy back and cancel up to two million of its shares from the stock market. A share buyback is an indication that the company likes its stock enough to purchase it from the general public. The intended volume of the share buyback will reduce the company’s free