Business Desk

Business Desk

The Business Desk tracks economic trends, market movements, and business developments, offering analysis of both local and global financial news.

Pakistan's PPL discovers gas, condensate at Sindh exploration well
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Pakistan's PPL discovers gas, condensate at Sindh exploration well

Pakistan Petroleum Limited has discovered gas and condensate at its Rahi X-1 well in Sindh, marking its fourth straight find in the block

Pakistan to export 5,000 MG vehicles to Bangladesh
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Pakistan to export 5,000 MG vehicles to Bangladesh

Agreement with Bangladesh’s RANCON Motors marks a new push to expand Pakistan’s auto exports and value-added manufacturing

Fitch warns renewed Strait of Hormuz closure raises risks for emerging markets in second half of 2026
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Fitch warns renewed Strait of Hormuz closure raises risks for emerging markets in second half of 2026

Fitch warns that renewed Strait of Hormuz closure, El Nino and U.S. tariffs threaten emerging markets credit outlooks through 2026, report says

US effective tariff rate falls to 7.4% as import mix shifts
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US effective tariff rate falls to 7.4% as import mix shifts

Fitch says rate would have fallen to 8.4% from tariff changes alone, with electronics imports surging and China shipments dropping 43%

K-Electric backs Thar coal expansion to enable Jamshoro's shift to local coal by 2029
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K-Electric backs Thar coal expansion to enable Jamshoro's shift to local coal by 2029

Move could double Thar Block-1 mine capacity, cut imported coal use and generate an estimated USD 3.2 billion in economic benefits

Karachi police vow tougher action on crime as business community raises security concerns
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Karachi police vow tougher action on crime as business community raises security concerns

Karachi Police pledge zero-tolerance action on extortion and crime as AIG Azad Khan briefs KCCI on falling terrorism and street crime rates