Business

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

Burgeoning trade deficit that has surpassed $39 billion in the first 10 months of the current fiscal year

Minister said that the country’s current account deficit during April came down to $623 million

Benchmark KSE-100 index gains 117.26 points to settle at 43,100.71

Project aimed at transferring redundant technology from China

Govt will still be monitoring everything strictly to ensure demand will be met with affordable prices, says president

Surging global commodity costs inflate country’s import bill to record

Two oil and gas fields closed for annual maintenance

China-based Auto Group plans to enter a joint venture with AKD Group Holdings; set up plant near Port Qasim

'Process has been terminated due to the considerable uncertainty in current market conditions'

Central bank gives no reason for decrease in reserves

IT minister stresses sector needs to upgrade infrastructure to improve services

Say any unwise decision will cause damage to exporting sectors

Meets pre-qualified bidders for Pakistan Steel Mills

Cabinet gives go-ahead to continue Afghan transit trade until new agreement is signed

Former govt failed to resolve chronic issues that lead to external sector crisis

Finance minister gives assurances in virtual meeting with IMF mission chief

Expert says country badly needs resumption of IMF Package

It was informed by SMEDA CEO Hashim Raza in a meeting with the local SMEs

Lament decline in production due to host of reasons including climate change

The forum also discussed the progress on vehicle tracking and verification process by manufacturers and companies

Expects more European firms to invest, take benefit of ease of doing business in Pakistan

Gives go-ahead to World Bank-funded agri-transformation scheme for Punjab

Govt raises Rs300b through T-bills auction against target of Rs500b

Completes technical and customer experience training

Recovers partly but still hits fresh record low at 198.39

Advises public to restrain from buying products, services of such offshore platforms

Businessmen term it need of the hour to avert economic crisis

Brent crude fell 13 cents to $114.11 a barrel by 1654 GMT

Bank reports Q1 loss, faces increasing shareholder unrest

Finance minister says reforms underway to put economy on sustainable growth path

SNGPL will not act as monopoly, promote level playing field for all

Global players believe regular trade will halt fraud, capital flight

Govt mulls over increasing regulatory duties up to 100% to ease pressure on rupee

Oil ministry draws up alternative plans to provide targeted subsidy for poor

Induction of DGs within permissible technical limits, either through net-metering or in isolated mode