Pakistan Business

Commercial banks, cement, and oil and gas exploration sectors witnessed selling

IMF team to return later this year to gather more information

The Africa-1 consortium includes Etisalat, G42, Mobily, PTC, and Telecom Egypt

Fruit and poultry see increase while fuel prices decline

Returns on rupee and foreign currency-denominated certificates drop as interest rates hit almost three-year low

The company, one of Pakistan's largest cement producers, aims to enhance investor participation and reinforce shareholder value

The IMF has recommended that Pakistan invest 1% of its GDP annually in climate resilience and adaptation reforms

ECC grants ICC tax exemptions for Champions Trophy 2025, aligning with global sports hosting norms; Pakistani entities taxed

Industry leaders urge digital transformation to boost competitiveness

Country’s overall liquid reserves near $16 billion

Disappointing pharmaceutical earnings dampened overall market sentiment

Declining hydel and coal generation contribute to power sector challenges

Manufacturing declines 1.9% in the first six months of the fiscal year

The oil and gas exploration sector led the repatriation with $36.1 million

Power distribution companies are also losing around $1 billion annually

Pakistan’s largest copper-gold project to see $8.83 billion investment, first production expected by 2028

The transaction poses a risk of substantially lessening competition in the telecommunications sector