Business

Imports increased primarily due to a hike in global oil prices

Procedure, rules for setting-up industries in SEZs to be simplified to attract FDI

Its status should be elevated to industry, businessmen urge

Allowed oil & gas companies regulatory tasks, build additional oil storage

Consignments stuck at ports, hindering production of vehicles at OEMs

Total rice damage across Pakistan equals 1,155,000 tons on 860,000 acres

World Bank’s reveals GDP to fall around 1.4% to 2.4% in FY23

India’s monthly oil imports from Russia decline after hitting a record in June

State Bank’s reserves dip due to external debt and other payments

Rupee depreciated due to delay in IMF programme, poor macroeconomic indicators, political uncertainty

Measures in place to curb hoarding, market speculation

Pakistan, Iran will trade through border markets under barter system

Undue billing, high FCA making businesses unaffordable

Insists it will help reduce informal economy, increase tax receipts

Minister stresses need for better marketing, promotion of marble products

Successive govts failed to earmark funds for protection walls, warning systems

Trade with India can reduce freight cost, increase efficiency

Project likely to start electricity generation by November 2026

Reduced cost of doing business for textile industry to boost exports, slash deficit

IEA expects increased winter switch from gas to oil

Pakistan has now received $1.2 billion in the latest loan tranche from the IMF following resumption of its programme

Significant trade potential with Kyrgyzstan in agriculture, livestock sector

Total interest rate is over 3%; one of most expensive rates by standards of World Bank and ADB

China taking part of manufacturing sector to cost-effective locations

Crushed euro and yen to two-decade lows and sterling to its lowest in nearly 40 years

Machinery, spare parts and raw material stuck at port incurring extra cost to industry

Project comes at an estimated cost of Rs3 billion and will take eight months to complete

Govt may not pass on full impact of price fall to consumers to collect more revenue

Energy minister clarifies FCA not waived, only deferred

For the second time in the past four months, CCOP unable to decide

Economists say growth is likely to lose momentum in coming quarters as higher interest rates cool economic activity

OPEC forecasts robust demand growth despite surging inflation

The Project Directors briefed the chair about the progress of different WB funded projects across Punjab

Trade section being opened in Italian embassy to boost bilateral ties

Illegal cigarette traders provoking farmers to protest against levy

Prime minister meets delegation of Finland companies

Most cyber-attacks in 2021, 2022 directed against energy sector

Increase in manpower export helps improve inflows; rupee fails to reverse trend

Reject petroleum price deregulation, press govt to take their input

Unavailability of CKD parts amid import controls drives sales downward

Hike will be charged on the basis of units billed in July

Plan will allow IMF to help without imposing conditions required in regular fund programme

Banned shipments of broken rice, imposed 20% duty on exports

Global oil supply expected to tighten further when EU embargo takes effect

Work on 63 more schemes worth $35b will end by 2030

Under-utilisation of LNG capacity places burden of billions of rupees on consumers

Strengthening of greenback, high inflation contribute to sliding trajectory

Flood response centre rejects early loss assessment of $18 billion

Vegetables, rice, wheat, sugarcane and cotton most impacted by recent climate disaster

Financial institutions continue to make safe lending to govt