Business

SBP's revised schemes aim to increase remittance inflows via formal channels

Prices rise up to 19 cents on the news, further gains expected if IMF approves loan on September 25

Strategic agreements in agriculture and textiles bolster economic ties

Industrial units face issues in water supply, infrastructure, and security

Monetary easing, IMF progress, and strong remittances lift market sentiment

Plans $3 billion investment in projects, including clean energy and ethanol production

Discussions focus on trade, strategic partnerships, and Malaysian PM's upcoming visit

Says ship-breaking industry must prioritise worker safety, environment

SBP proposes performance-based remittance incentives, revising schemes to boost inflows and reduce TT charges.

Aim to increase presence of licensed fuel stations across 'Oil City'

Pakistani rupee rises to Rs278.16 as IMF loan approval nears; gold hits record Rs265,900 per tola amid global surge

KSE-100 index gains 315.44 points, settles at 79,333.06

IMF's $7 billion lifeline for Pakistan brings relief but raises concerns over growth, high tariff, and economic reform

Lower returns on savings threaten already dismal domestic saving rate

Deal for $600m commercial bank loan paves way for IMF board meeting

Counsellor says Chinese firms will find ideal environment to thrive, make exports

Project to enhance climate resilience, rural connectivity across 900 km of vulnerable roads

Economic managers stress timely execution, cost control and careful risk analysis

100% duty on EVs, higher tariffs on key goods to start on Sept 27

Highlights sustainability, innovation, and collaboration at IMSEC 2024

Weekly SPI reading rises 14.36% year-on-year, though SBP talks of 'disinflation'

Dollar bonds also gains with 2031 maturity bond trading 1 cent higher at 79.93 cents on the dollar

Reserves rose by $5.3b in the reporting week, after having risen by a total of $13.9b in the prior three weeks

Decision comes amid speculation of further interest rate decreases in the upcoming monetary policy

Cabinet approves framework trade agreement with South American trade bloc

SOE Act, formulated to improve governance, won't be applied to such enterprises

Partnership to modernise agriculture with Russian technical support and investment

KSE-100 index advances 365.82 points, settles at 79,017.62

Board scheduled to meet this month, 37-month deal will mark beginning of a new journey

SBP says banknote designs that won art competition have not been shortlisted

Tarbela Dam marks 50 years of supporting Pakistan's agriculture, flood mitigation, and clean energy generation

Trade bodies demand single-digit rates, citing high costs and financial strain

Govt targets fisheries, maritime trade, offshore resources to boost economic resilience

Oil prices rose 1% as Hurricane Francine disrupted US output, but demand concerns kept gains in check

Touch new 26-month high at $9.46b, help rupee recover

SCO ministers focus on countering protectionism, fostering innovation, and strengthening trade ties within the region

Soaring vegetable prices undermine expectations for a dovish approach in the upcoming monetary policy meeting

If confirmed, this would mark the third consecutive bi-weekly drop in prices of petroleum products

Govt withdraws Balochistan EPZ proposal, approves funds for SCO summit

Rex agreed to purchase planes for $US2 million, paying a $200,000 deposit but failed to make further payments in 2020

Warns that rising electricity bills threaten industrial survival, economic collapse

Confusion in official circles as authorities debate cost-cutting and digital economy goals

Funding had earlier been approved for private foundation's project by using taxpayers' money

Settles at 78,651.79 on concerns over privatisation, IMF terms, and SBP policy announcement

Punjab's CM Honahar Scholarship 2024, Rs7 billion, supports 30,000 students, including those at private universities.

IMF spokesperson says successful implementation of 9-month standby arrangement had stabilised Pakistan’s economy

Agriculture committee says free trade mechanisms needed to boost competitiveness, curb inflation

BF Bioscience to raise Rs1.93 billion through PSX IPO for expansion and export plans, offering 25M shares at Rs55-Rs77

Controversy surrounds reinstatement efforts of official accused of misconduct

Partners with 1Link to streamline remittances, encourage digital transactions.