Business

Recovers 0.19% to Rs238.38 after IMF official’s remarks

Industry sold 2.04m tons in July 2022 against 3.89m tons last year

Devaluation of currency, declining sales push oil firm towards liquidity crunch

Manufacturing of auto parts in country to drive prices down

Businesses having majority shareholding by non-resident Pakistanis allowed to invest in govt securities

Finance Minister discusses sales tax, electricity bills with business community

It’s highest increase since October 2008 amid steep fall in rupee’s value against dollar

Consumption declines on back of monsoon rains, sharp rise in prices

Work underway to reduce trade barriers, resolve customs issues

Fuel demand in India typically falls during the four-month monsoon season

A Reuters poll had expected a rate of 4.82%. June’s rate was 4.35%

NEPRA gives licence for setting up solar power plant in Punjab

Factories across US, Europe and Asia struggled for momentum in July

Ink Letter of Intent to create world-class technology ecosystem

China’s Sichuan-Sarwar-Silian-Chongqing Luyang (JV) is the contractor of the project

Conference will take up economic issues, explore the way forward

Move will cause Rs30b dent on national exchequer; smokers will pay more tax

Regains 0.22% to Rs238.84 in inter-bank market

Sales diminishing in urban areas as people look for affordable alternatives

Billions of dollars can be saved if power plants shift from imported to local coal

2030s can demonstrate dramatic shift in Pakistan’s fortunes

Inflation reduction will likely come at expense of large output drop

Investor confidence is at all-time low that cannot be restored with just IMF deal

Govt must steady boat by shoring up FX reserves, stabilising currency market

World's biggest cryptocurrency is up 39.7% from the year's low of $17,592.78

Industry group says shift likely to fuel inflationary pressures

Ready to invite major political parties as economy is top priority

Envoy cites IT, tourism, healthcare, renewable energy as potential areas

Country will rely on imported energy as demand and production gap widens

Shipments grow 35% as US remains largest export destination

Benchmark KSE-100 index gains just 73 points to settle at 40,150

NADRA tracks 72m people for tax collection, but does not find many takers

Experts underline need to tap indigenous coal reserves

Oil industry lobby recommends margins be revised to Rs8.85 per litre

Price rises have lasted longer, but they have likely peaked

Naveed Qamar, EU official discuss GSP Plus scheme

Webinar seeks Pak-China business arrangements to boost exports

“US has keen interest in investing and cooperating in the energy, digital services and agriculture sector.”

The MD stated this in his message to shareholders at the annual general meeting on Friday

Matters relating to common interest and information and communication technology were discussed

Urge govt to address anomalies, rationalise high taxes

Exporters get relief at a time when extra burden being put on middle class

Minister says govt creating business-friendly environment for industries

At present, rate of return is 9.5-11% on Naya Pakistan Certificates

Analysts attribute price rise to rupee devaluation, supply chain crisis

Revenue collection goes up 9% to Rs454 billion in July

Hike comes after June's monthly FCA

US economic contraction fuels recession fears that could hit energy demand

When compared with export remittances of $210 million in June last year, an increase of $25 million was observed

'No country could develop if 52% of its population was excluded from economic, productive activities'