Business - DAWN.COM

E-Paper | July 11, 2025

Pakistan eyes $1 billion valuation in Roosevelt Hotel redevelopment plan, source says

Pakistan eyes $1 billion valuation in Roosevelt Hotel redevelopment plan, source says

Senior official says govt will retain ownership in project through an equity partnership, but declines to disclose size of stake being offered.

Published 10 Jul, 2025 03:57pm

Related

PSX Highlights of the Day

Company	Price	Change	Change %	Volume
FIBLM	5.6000	1.0000	21.74 ▲	300,411
DFSM	7.6100	1.0000	15.13 ▲	10,285,059
PINL	8.3000	1.0000	13.70 ▲	2,896,546
ANL	12.7100	1.1600	10.04 ▲	13,310,717
KOIL	14.8000	1.3500	10.04 ▲	1,608,151

Company	Price	Change	Change %	Volume

Source: PSX | Updated Jul 10, 2025

Banks’ reward for overseas inflows reduced

Banks’ reward for overseas inflows reduced

Remittance incentive slashed to flat 20 riyals; senators push for local card adoption and greater remitter benefit.

Updated 10 Jul, 2025 09:18am

PM unveils scheme for soft agricultural loans

PM unveils scheme for soft agricultural loans

PSDP to prioritise agricultural projects, says PM Shehbaz.

Updated 10 Jul, 2025 09:24am

Anosh Ahmed is expanding healthcare access through free medical clinics

Sponsored

Anosh Ahmed is expanding healthcare access through free medical clinics

The free clinics in the United States, Pakistan and the United Arab Emirates provide essential healthcare to underserved communities.

‘Accelerating progress’: ELFA partners with Bykea to empower riders with affordable, sustainable mobility

Sponsored

‘Accelerating progress’: ELFA partners with Bykea to empower riders with affordable, sustainable mobility

The partnership brings affordable electric mobility to Pakistan’s roads, helping Bykea drivers cut costs, boost earnings and support a cleaner urban future.

Fatima Fertilizer’s ‘Sarsabz Tabeer’ launches healthcare initiative in collaboration with MASH and Punjab govt

Sponsored

Fatima Fertilizer’s ‘Sarsabz Tabeer’ launches healthcare initiative in collaboration with MASH and Punjab govt

The programme focuses on rural development and women empowerment, by uplifting farmers, children and their families.

Trading Corporation of Pakistan to import 0.35m tonnes of sugar

Trading Corporation of Pakistan to import 0.35m tonnes of sugar

Govt has announced two-phase plan aiming to stabilise domestic prices and ensure the availability of affordable, quality sugar.

Updated 10 Jul, 2025 11:13am

Govt eyes Panda bonds as Dubai Islamic Bank closes $1bn loan deal

Govt eyes Panda bonds as Dubai Islamic Bank closes $1bn loan deal

Ministry of Finance holds high-level meetings in Beijing to attract investment for Pakistan’s debut Panda Bond issuance.

Updated 10 Jul, 2025 11:20am

PSX snaps eight-session record-setting spree

PSX snaps eight-session record-setting spree

The index settled at 132,576.99, down 826.20 points or 0.62 per cent, according to Topline Securities Ltd.

Published 10 Jul, 2025 08:05am

Investments rise in data and AI, outpacing physical assets: UN

Investments rise in data and AI, outpacing physical assets: UN

Sweden emerges as world’s most intangible-asset-intensive economy.

Updated 10 Jul, 2025 10:09am

Nepra announces Rs4.03 per unit refund for K-Electric consumers in July bills

Nepra announces Rs4.03 per unit refund for K-Electric consumers in July bills

Authority also notifies Rs0.49 per unit negative fuel cost adjustment in approved tariff of ex-Wapda distribution companies.

Published 09 Jul, 2025 09:38pm

Nvidia leaps to $4 trillion as Wall Street shakes off tariff concerns

Nvidia leaps to $4 trillion as Wall Street shakes off tariff concerns

With tariff deadlines now pushed to August 1, investors are pinning their hopes on negotiations to avert a full-blown trade war.

Published 09 Jul, 2025 08:22pm

PM pleased as remittances rise by 26.6pc to hit record $38.3bn in FY25

PM pleased as remittances rise by 26.6pc to hit record $38.3bn in FY25

Saudi Arabia and UAE biggest sources of remittance inflows during June 2025.

Published 09 Jul, 2025 06:55pm

A new NFC award is needed as soon as possible

A new NFC award is needed as soon as possible

Overcoming a bleak tariff situation

Overcoming a bleak tariff situation

The playing field for informal workers is not just uneven; it’s tilted steeply

The playing field for informal workers is not just uneven; it’s tilted steeply

Highlights

Income tax calculator 2025-26: How does the new budget affect your salary

Income tax calculator 2025-26: How does the new budget affect your salary

Agriculture: Farm to market — who really wins?

Agriculture: Farm to market — who really wins?

Funding Balochistan’s climate crisis

Funding Balochistan’s climate crisis

Another step towards a cashless future

Another step towards a cashless future

Is the textile sector recovering?

Is the textile sector recovering?

Data centres and a digitisation opportunity

Data centres and a digitisation opportunity

Aurora

What happens when culture becomes a medium for resistance?

What happens when culture becomes a medium for resistance?

Is Hunza on the frontline of climate disaster?

Is Hunza on the frontline of climate disaster?

Urdu ka Janazah

Urdu ka Janazah

Business & Finance

Too poor to be a dependent

Too poor to be a dependent

Pakistan’s age dependency ratio in 2024 was 69 per cent, meaning that for every 100 working-age individuals, there...

Published 08 Jul, 2025 05:04am

CORPORATE WINDOW: Addressing deeply skewed policies

CORPORATE WINDOW: Addressing deeply skewed policies

Governance structures warped under the influence of powerful interest groups threaten the stability of Pakistan’s fragile democracy.

Updated 08 Jul, 2025 10:49am

Building forex reserves

Despite IMF-required levels of foreign exchange reserves, the domestic market is facing a dollar shortage

Published 08 Jul, 2025 05:04am

COMPANY NEWS

BML accelerates recapitalisation

Published 08 Jul, 2025 05:04am

Newspaper

PSX hits new peak on earnings optimism

Platform launched to boost digital trade

Pakistan eyes $1bn valuation in Roosevelt Hotel JV

SBP builds reserves on record inflows, dollar buying

Auto sales surge despite tractor setback

Chambers call strike on July 19 against ‘anti-business’ tax measures

Remittances hit historic $38.3bn in FY25

Banks’ reward for overseas inflows reduced

SBP plans pilot for digital currency

Power regulator rejects govt bid to delay relief

PM unveils scheme for soft agricultural loans

Trading Corporation of Pakistan to import 0.35m tonnes of sugar

Govt eyes Panda bonds as Dubai Islamic Bank closes $1bn loan deal

PSX snaps eight-session record-setting spree

PSX hits all-time high amid volatile session

PM seeks plan to boost farm output

Sugar import

FAO drafts policy for fisheries sector

Honda raises car prices

National Security Ltd merges into PSPC

Govt forms body to slash container dwell time

Service exports grow to $7.65bn

Rightsizing delayed as focus shifts to FBR

ADB questions impact of aggressive tax base expansion