Business

Importers buy dollars at higher rates to meet pent-up demand

Central bank did not provide reason for increase in reserves

Faces backlash over increased taxes on hybrid vehicles, telecom industry demands

Warn of devastating economic impact from regressive tax, customs measures

KSE-100 index soars 2,094.76 points, settles at 78,801.53

Distribution firms may suffer Rs589b loss; seaports declared strategic assets

Fuel cost falls 10% in May as hydel generation goes up

Summary of the USD to PKR rates for the last seven days

Funds aim to build shock resilience among vulnerable households, promote climate-smart and competitive producers

Leave nothing for private sector to finance their businesses

Urge govt to hike tariffs on imported European gasoline-powered cars

This advancement will not only expedite freight services but also contribute significantly to the economy

Minister affirms introduction of strategic body in PSDP budget to facilitate growth

Decides to privatise most efficient power distribution firms

Says financial health will improve in FY25, albeit ‘at a cost to growth’

Describe FY25 budget as confused attempt that threatens economic stability

Unchecked extraction, skyrocketing prices fuel hidden market; threaten water sustainability

Pakistan’s FY25 budget aims to cut government debt to 68% of GDP, aided by inflation and lower interest costs.

Govt targets import substitution that will keep economy closed

Rebound in global wheat prices will reflect in domestic market in coming months

IMF approval signals green light, but taxation challenges, fiscal deficits loom

Trade curbs curtailed imports of capital goods and inputs required for productive activities

Rule: better economy, better market. Why then do we see inverse happening?

Insists poor should not be targeted for fiscal adjustments

AAM report stresses need to stem rising tide of cheap, subsidised exports threatening US jobs

S&P 500 ends barely lower after snapping four-day run of record closing highs

KSE-100 index records substantial gains of 2,953 points, settles at 76,707

Marathon Petroleum Corp remained the largest refiner in the United States, able to process up to 2.95 million bpd

Believe power tariff relief will accelerate industrial development

Experts warn higher taxes will hamper digitalisation, risk brain drain

Staggering 13.53 million professionals have sought work abroad as of April 2024

Chambers warn new tax proposals could harm exports, call for revisions to prevent economic downturn

Premier becomes head of committee, includes Ishaq Dar as member

Senate committee approves 75% withholding tax on non-filers’ phone, internet services

It reinforces Fatima Fertilizer's belief that their efforts go far beyond traditional marketing practices

Move likely to exacerbate inflation as indirect tax disproportionately affects low-income groups

Measures aim to raise Rs70b by cracking down on non-certified receipts

New route will initially start with frequency of two weekly flights

KSE-100 index jumps 498.61 points, settles at 76,706.77

Total gross receipts under RDA cross $8 billion mark

Consumers most affected by the inflation fell in the monthly income bracket of Rs22,889 to Rs29,517

Moody’s says budget will support talks with lender for Extended Fund Facility

CM unveils Rs30.7b allocation, introduces new initiatives to combat climate impact, rising costs

Say proposed tax hikes, penalties may undermine progress, deter foreign investment

Here is a overview of how individuals, businesses can file their income tax returns before the FBR deadline on Sept 30

After Rs10.69 cut, new electricity price per unit for the industrial and export sector is set at Rs34.99

Massive new taxes, including on milk and salaries, passed with minimal input

Adjustments in tax ratios, amendments to bills aim to balance inflation, revenue needs

Permits export of 150,000 tonnes of sugar on assumption of surplus stock

Contend local stocks are available, only products in deficit should be imported