Business

Despite being a small district Matiari is socio-economically and culturally vibrant. Without mentioning Shah Abdul Latif Bhitai, a mystic saint, the profile of the Matiari district would always be incomplete. The sufi’s shrine is located in Bhitshah — a town known internationally where men and women with mystic leanings from different parts of the world throng every 14th of Safar, …

Spurred by falling solar photovoltaic (PV) prices and escalating grid tariffs, solar installations, especially those on rooftops, have seen rapid growth in Pakistan. These solar investments, both residential and commercial, are also supported by a decent net metering regime that lets consumers sell excess solar generation during daytime back to the grid. However, despite having a renewables refinance facility from …

“The first thing a refugee asks for upon arrival at a camp is not water or food but the wi-fi password.” This is what Kann Terzioglou, the CEO of Turkish mobile phone operator Turkcell said at the World Economic Forum in Davos, adding that a smartphone has become a basic humanitarian need because it allows displaced people to connect with …

ISLAMABAD: One of the country’s intelligence agencies has raised questions over the Pakistan Oil Refining Policy 2021 being taken up by the Cabinet Committee on Energy for approval on Monday (today). The committee, headed by Planning and Development Minister Asad Umar, will also consider cheaper electricity rates for domestic and commercial consumers for winter space heating, retention of some old …

DUBAI: Private sector companies in the UAE will have to fill 10pc of their positions with Emirati nationals in five years time, the UAE said on Sunday in its latest tranche of economic reforms. The Gulf state also said it plans to spend 24 billion dirhams ($6.53 billion) to create 75,000 private sector jobs for its citizens over five years. …

KARACHI: The advent of Naya Pakistan seems to have set off a real estate gold rush as the number of newly registered companies in the land development segment grew 132 per cent in 2020-21. As many as 1,794 real estate development companies were incorporated in the last fiscal year, up 2.3 times from 773 companies registered in 2019-20, according to …

KARACHI: The stock market managed to bounce back in the outgoing week with the KSE-100 index locking in gains of 241 points, or 0.5 per cent, to close at 47,198 points. The early days of the week witnessed extension of the bearish spell of last week as investors remained spooked by a volley of bad news including the huge trade …

KARACHI: The Islamic banking industry (IBI) has achieved the highest year-on-year growth in assets and deposits since 2015 increasing the market share in the overall banking industry to 17pc and 18.7pc, respectively. The State Bank of Pakistan (SBP) in its latest bulletin for April-June quarter reported that assets and deposits of IBI grew 32 per cent and 29.7pc, respectively. The …

LAHORE: In a bid to revive the Istanbul-Tehran-Islamabad (ITI) road corridor, the National Logistic Cell (NLC) is all set to perform the first commercial run by transporting high-value products from Pakistan to Turkey in the last week of this month. The revival of the ITI road corridor will improve and strengthen the regional connectivity of Pakistan with Iran and Turkey, Dawn has …

ISLAMABAD: Pakistan will start staff-level discussions with the International Monetary Fund by end of the current month for the release of sixth tranche under the $6 billion Extended Fund Facility (EFF), a top official confirmed on Saturday. The IMF board has a scheduled a meeting later this month to conduct its sixth review of Pakistan programme. “Our technical team will …