Business

Import bill swells to $6 billion mark despite ban and erection of non-tariff barriers

Organisation likely to keep oil output quotas unchanged for October

Report suggests global lender had every reason to set tough conditions due to bad track record of PTI govt

Currency stabilises despite five-decade high inflation reading

Urges government of Pakistan to exempt imported raw material from duties and taxes

Growing imports signal local tea production is a matter of urgency

Central bank gives no reason for decrease

Industry invested Rs30 billion to enhance capacity, has achieved over 50% localisation

Duty-free imports allowed from Afghanistan and Iran for three months

Project aims to minimise power cost, tackle climate change

Cabinet exempts new terminals from mandatory third-party access

State finance minister says flood devastation far higher than Rs2 trillion

Ministry says economic growth rate can slow down to 2% from target of 5%

Petroleum prices have been increased by nearly Rs11 per litre

Giant platform facilitates national pavilions in selling specialties

Suggests adopting Chinese model for digitalisation

Miftah assures exchange-rate stability to control inflation amid flood damages

Steel company announces closure of its manufacturing plant from August 31 to September 19

Regulator sets consumer price at Rs212 per kg for September

Collects Rs948 billion in July-August compared to target of Rs926 billion

Resumption of IMF programme, foreign currency inflow strengthen rupee

Discovery will help improve energy security of country, says OGDCL

Investors fear further slowdown in global economy as China renews Covid-19 restrictions

After leather, textile, agriculture, retail, hospitality and poultry, Mahmood Group is now leading the way in apparel

This will help improve SBP’s reserves and facilitate realisation of other planned inflows, says central bank

Benchmark KSE100 index drops 309.08 points to settle at 42,195.26

E-commerce sector to hit $12b as acquisitions, growth accelerate

Earnings get boost from increase in sales, income from other source

It will identify gaps, seek input on modern ICT needs, employ best practices

Recovers Rs1.8 in inter-bank, Rs8.5 in open market

Country’s consumer electronics market saw estimated spending of $8.5b in 2020

Has converted 99.8% of branches into Shariah-compliant business model

Govt expected to opt for exchange rate adjustment, increase in taxes

Govt decides to merge Kamyab Pakistan Programme with similar initiatives

Dispute involves Rs52b with 12 independent power producers set up under 2002 policy

OPEC+ production cut can coincide with boost in supply from Iran

Has set ambitious target to become net zero carbon company by 2035

GDP to fall by little more than 2% this year, followed by decline of no more than 1% in 2023

Dubai has grown its diamond industry by leveraging its proximity to Africa and Russia

Inflation near double digits in many big economies, a level not seen in nearly half a century

US currency, however, kept in check by euro with ECB rate in focus

It will facilitate and boost animation industry in country

Base tariff raised by Rs9.89, increasing cost per unit to around Rs30

Pakistani side will also participate in other activities including a signing ceremony

Pakistan is expected to receive around $1.2 billion in the next loan tranche from the IMF

Incentives include income tax exemptions and waiving of import duties

Move is expected to ease burden on country’s foreign reserves, reduce electricity tariff

Ready to facilitate manufacturers to create jobs, push exports

Ends uncertainty that multiplied in past three years

Asia's third-largest economy is grappling with persistently high unemployment and inflation