Business

Currency crosses Rs201 to a dollar in inter-bank market

Oil industry body stresses sufficient stock available, no need to panic

Duty, tax breaks expected to push IT exports to $15b in next two years

Experts insist move will arrest depletion of foreign exchange reserves

Islamabad is an important ally and the kingdom would stand behind the South Asian nation, says Saudi minister

Benchmark KSE-100 index tumbles 489.93 points to settle at 41,950.32

Region can help end electricity load-shedding in country

Ambassador urges businessmen to find new avenues of trade

Buses will provide transportation services in Sindh’s six major cities

Pakistan’s exports to the EU increased 86% and EU’s exports to Pakistan grew 69%,

To set up end-to-end supply chain of seafood

121 demonstration plots had been established across south Punjab

Says hybrid electric vehicles are first step towards adopting EVs

Black clouds around financial markets have started impacting crude oil as well

Called on the government to introduce a fuel management plan, which can save $240 million per annum

Claim essential items are also facing restrictions

Despite growing needs, Pakistan received only $248m in external loans in April

Delay in resumption of IMF loan programme has increased risk of default

Benchmark KSE-100 index plunges 660.46 points to settle at 42,440.25

DAP offtake falls 15% and its effects on quality, quantity of crop output being felt

Most market participants expect 1% or more increase in policy rate from current 12.25%

Such arrangement unlikely to be conducive to unity, regional economic integration

Untargeted fuel, power subsidies to benefit rich far more than poor, must be discontinued

Huge mineral deposits in Afghanistan, Pakistan provide avenues to develop value chains

Central bank decision coms as Miftah heads to talks with IMF

Economic czars want political leadership to take unpopular decisions

GSMA proposes tax reduction from 15% to 8% to improve mobile service affordability

Has invested 5b renminbi in seven years to improve living conditions of local people

Firm will enter into new service contracts with existing oil companies

Gazprom had warned that flows would be halted from 0400 GMT on Saturday morning

The US statement said the two countries recognised that closer cooperation on “semiconductors

Aims to insulate consumers from rising prices amid high inflation

Move will counter high inflation, surge in energy prices after subsidy withdrawal

LNG-based plants make highest contribution to power generation

Experts say steps taken by previous govt will generate long-term benefits

PM accepts resignation; planning minister will now get more powers

Falls owing to political and economic uncertainty, concerns about IMF loan

Say country can save billions of dollars by controlling under-invoicing, smuggling

Most market participants expect 1% or more increase in policy rate from current 12.25%

Ambassador hints at signing agreement which will ramp up bilateral trade

They assured that they would positively play a role for women entrepreneurs in every possible manner

During the week under review, average prices of 33 items rose in a selected basket of goods, prices of four items f

Offline and online pavilions will promote high-quality products

Urge it to provide subsidies, modern technology to help control rising costs

Grow 29% in Jul-Apr FY22 compared to exports of $1.7b last year

Penalises Islamabad Electric Supply Company on charges of negligence

Foreigners inject 4-month high capital in sectors like power, banks, electronics

Public debt alone swells to Rs44.4 trillion by end of March 2022

High remittances, lower imports restrict deficit to $623m in April

Loses Rs0.14 against dollar in inter-bank market