Dawn Business

JOB ALERT: Dawn.com is seeking passionate individuals to join our vibrant team in Karachi. We are eager to welcome talented professionals who share our commitment to journalistic excellence and innovation. We offer a diverse range of junior and senior positions across multiple desks, providing you with the opportunity to contribute to our mission of delivering high-quality, unbiased news and information to a global audience. As part of our dynamic team, you will work in a collaborative environment, surrounded by like-minded individuals who share your passion for storytelling and making a real impact. Our office in Karachi is abuzz with creativity and energy, fostering a culture of growth and professional development. If you are a skilled and passionate individual seeking a fulfilling career in the media industry, we encourage you to apply. We are committed to providing our employees with the resources and support they need to succeed, and we offer competitive compensation and benefits packages. To apply (Karachi-based candidates only), please email your CV to workatdawnmedia@gmail.com with the subject NEWS DESK. Candidate should have a strong command of English and Urdu, and be open to working in all shifts. Sound knowledge of social media platforms is a plus.

JOB ALERT: Dawn.com is looking for a Business Editor to lead its digital business desk. Based in Karachi, this senior-level role involves overseeing the coverage of all business-related news, including monetary and fiscal policy, macroeconomic trends, the energy and commodities markets, the forex and equities markets, Pakistan's burgeoning startup ecosystem, and the economic impacts of climate change. As the Business Editor, you will be responsible for shaping the editorial direction of the business desk, ensuring that stories are accurate, timely, and insightful. You will work closely with a team of reporters, assigning stories, providing feedback, and ensuring high standards of journalism. The role also involves editing analysis, features, and opinion pieces from freelance writers and industry experts. The ideal candidate will have a deep understanding of Pakistan's economic landscape and will work to establish the desk as a trusted source of business news. Additionally, you will lead the desk’s social media strategy, ensuring that key stories and insights are shared creatively and effectively across platforms to engage a broad audience. Please send in your CVs to workatdawnmedia@gmail.com by October 2, 2024, with 'Business Editor' in the subject line. #DawnToday #DawnBusiness #Hiring #BusinessEditor #Journalism

Eager to build high-impact stories in partnership with brands? Dawn.com is looking to fill the position of Branded Content Digital Head. This Karachi-based position requires an 8-hour shift, six days a week. To apply, send a cover letter and your resume to workatdawnmedia@gmail.com with 'BRANDED CONTENT' in the subject line. The deadline to apply for this position is September 17, 2024. #DawnToday #Hiring #JobAlert #DigitalMediaMarketing

The Pakistan Stock Exchange (PSX) on Friday gained more than 1,000 points to hit an all-time high of 77,000, just a day after the trading floor witnessed the biggest single-day gains. The KSE-100 index gained 1,097.12 points, or 1.44 per cent, to stand at 77,305.28 at 11:04am from the previous close of 76,208.16, the PSX data portal showed. Raza Jafri, chief executive of EFG Hermes Pakistan, said, “The feel-good factor post the budget continues, driven by improving liquidity with local institutions as the commencement of monetary easing sees rotation into equities.” Yousuf M Farooq, director research at Chase Securities attributed the bullish momentum to “reduced uncertainty and increased buying by mutual funds, driven by conversions from fixed income to equity funds”. Read more: https://lnkd.in/dZunMe3b #DawnToday #DawnBusiness #PSX

The government has announced a stunning Rs1.761 trillion in new revenue measures for the next fiscal year, which, a deeper examination reveals, may contribute to another bout of inflation in the country. The focus of the budget seems to be on withdrawing most exemptions from sales tax and customs duty which, though not fully reflected in the finance minister’s budget speech on the floor of National Assembly, is evident from the language of the Financial Bill 2024. Read more details: https://lnkd.in/dkXMNjCD #DawnToday #DawnBusiness #Budget2024

In a return to previous practice, the National Economic Council (NEC) decided on Monday to continue funding constituency-based schemes and ongoing provincial projects, while approving an indicative national development plan worth Rs3.792 trillion for the next fiscal year to increase the economic growth rate to 3.6 per cent from the current 2.4pc. The expansionary public investment stance is likely to come under tight scrutiny of the International Monetary Fund (IMF) as the authorities continue negotiations for a $6-8bn bailout for over three years. Read more details here: https://lnkd.in/diZyU7JE #DawnToday #DawnBusiness #Budget2024 #Pakistan

Editorial: Pakistan's debt stock has grown exponentially in recent years. So have debt payments, putting pressure on the budget. Read the full editorial at: https://lnkd.in/ddQ7RHh3 #DawnBusiness

Against a flurry of activities between Pakistan and Saudi Arabia to boost trade ties, Crown Prince Mohammed Bin Salman is expected to arrive in Pakistan this month to conclude deals being negotiated between Islamabad and Riyadh. According to Foreign Minister Ishaq Dar, dates for the visit had not been communicated to Pakistan, but media reports claimed that the visit was likely on May 10-15. “The crown prince had accepted Prime Minister Shehbaz Sharif’s invitation. The visit is on the cards, but no dates have been communicated to us as yet,” FM Dar said at a briefing on his participation in the World Economic Forum (WEF) in Saudi Arabia and Organisation of Islamic Cooperation meetings in Gambia. Read more: https://lnkd.in/dymnb7k2

The Executive Board of the International Monetary Fund (IMF) on Monday approved the immediate disbursement of approximately $1.1 billion to Pakistan. The board met in Washington on Monday and completed the second review under the Stand-By Arrangement (SBA) for Pakistan, allowing for bringing total disbursements under the arrangement to about $3 billion. All board members favoured releasing the last installment except India, which abstained. “The completion of the second and final review ref­lects the authorities’ stron­ger policy efforts under the SBA, which have supported the stabilisation of the economy and the ret­urn of modest growth,” the IMF said in a statement. “To move Pakistan from stabilization to a strong and sustainable recovery the authorities need to continue their policy and reform efforts, including strict adherence to fiscal targets,” the statement added. Read more here: https://lnkd.in/dS4nazrB #DawnToday #DawnBusiness #IMF #Pakistan

The United States has urged Pakistan to “continue working with the International Monetary Fund (IMF) and other international financial institutions towards macroeconomic reforms” for economic stability in the country. The development comes after the PTI wrote a letter to the Fund urging the lender to endorse an audit of the 2024 elections for the sake of political stability in the country, before entering into a dialogue with Islamabad for a new bailout package. Addressing a press conference in Islamabad, PTI leader Barrister Gohar Khan said that a letter — written by Imran Khan’s spokesperson Raoof Hasan — was handed over to the IMF resident representative in Pakistan and would be opened in Washington. He said once the letter was received by the intended recipients, it would be then shared with the media in Pakistan as well. Read more: https://lnkd.in/dV9GVvdP #Dawn #DawnBusiness #DawnToday