Business

New rating indicates country is managing high risk of default on its foreign debt

Approves increase of up to 113% in natural gas prices

To improve network reliability for smooth and reliable supply of power

Automaker earned Rs1.3 billion in quarter ended Dec 2022

Reduced sales attributed to partial halt to production, price surge

Struggling to stay afloat amid shortage of raw material, high inflation

Oil edges higher as market weighs Russian supply cuts amid demand fears

Regulator considered proposal to reduce tariff for net metering users to Rs9 per unit

Inflows through official channels slip below the $2b mark in Jan

Net FDI was $2.6b in 2019-20 which declined to only $1.87b in 2021-22

Paxos says it would stop issuing new Binance USD, which is backed by traditional cash and US Treasury bills

The remittances dropped 11% to $16 billion during the first seven months of current fiscal year

Duration of the talks cannot be confirmed but we intend to wrap these up at the soonest, says Finance Secretary

Economic challenges Pakistan is facing will remain there for quite some time

As 85 countries have adopted 5G, we will also have to implement technology

Currently, the government seems to prefer shielding firms from import competition

Managing the crude oil import bill to reduce the risk of much wider deficits should be our top priority

With high deficit and debt, mini-budget and IMF tranche will not solve problems

DISCOs ask NEPRA to allow them to collect Rs17.19b from consumers

Development comes after IMF, stakeholders oppose measures

To deepen technical exchanges in fields of commerce, new energy

To provide legal framework for businesses, establish formal banking channels

Announces three major changes in its quarterly review

KSE-100 index rose by 1,271 points, or 3.1% week-on-week, at 41,741.78

Beginning its journey with only one airplane after partition, the industry is now worth Rs500 billion

Say both seem reluctant to ensure petroleum stocks are maintained

Countries must discuss whether a regulation is needed given the sophisticated technologies involved, says Sitharaman

Dar says IMF shares MEFP with govt

Official highlights plan of action for rehabilitation in flood-hit areas

New strategy aims to focus on joint product development

Over 1.2 million olive plants will be planted across 8,900 acres

Moscow to reduce production next month in response to new western sanctions

Wheat, sugarcane and Basmati rice to see increase by 26%, 21% and 189% respectively

Says Pakistan’s government liquidity and external vulnerability risks are elevated

Urges govt to plug revenue leakages from electricity, gas, loss-making entities

With price hike, govt will receive Rs237b more from electricity consumers

World Bank suggests harmonising direct taxes, lowering import duties

Insists it should be consulted prior to closing any website

At public hearing, regulator asked whether KE followed economic merit order

Ombudsman says justice is delayed in one of five cases due to unresponsive attitude of banks

Input costs have risen due to rupee devaluation, rise in global price of raw material

Decrease by $170m to $2.9b in week ended on Feb 3

Currency regains Rs2.82 against dollar, hits nine-day high

Says commercial banks deliberately targeting German firms by refusing to open LCs

Farmers say counterfeit seeds coming in from Punjab are causing big losses

Fears of shortage as company is allowed to open only two LCs for the month

The low forex reserves, currently at a nine-year low, raise the risk of default on foreign debt repayment

To break deadlock, Dar met mission chief but IMF did not share MEFP draft

Identifies 19 illegal warehouses in Punjab; Musadik says fuel supplies adequate

Raises questions over credibility of figures released