Business

Creditors say Islamabad to increase spending to mitigate health, economic and social impact of Covid

The maximum tenure of auto financing has been reduced from seven to five years

Meeting was co-convened by the BOI and the National Development and Reform Commission of China

Closes at an all-time low of Rs169.11

Drop comes on back of external debt repayments

PM aide says exploring new markets is not a problem for Pakistan

Focusing on increase in credit financing for SMEs filing tax returns

Imam sees potential for bilateral cooperation in production of tropical fruits and crops

PM aide hopes this will resolve liquidity issues of exporters

Unveils plan to upgrade refining facility to increase production to 100%

Relaxation sought for import of 15 LNG cargoes till December

Scraps sugar import tender, approves scaled-back Kamyab Pakistan Programme

Drop comes on back of external debt repayments

Benchmark KSE-100 index drops 300.36 points to settle at 45,296.88

Facility will be operational in Q4, produce 50,000 TVs annually

The agreement was reached during finance minister’s virtual meeting with the Etisalat Group CEO

SBP let the rupee depreciate massively in the inter-bank market

Highlights importance of regional integration with Central Asia

Agreements will boost Pakistan’s exports, says Bilour

Business leaders discuss challenges, changing work model in the wake of pandemic

Also projects fifth lowest growth rate in South Asia

Bureau DG says no such information has been shared to date

Benchmark index declines 411.61 points to settle at 45,597.24

Initiative will benefit 12.5 million households

Bilateral trade volume swelled 60% last week

Stresses diplomats should identify new avenues abroad to promote trade

Successful negotiations would facilitate immediate disbursements of $1b by the global money lender

Minister says organic agriculture ecosystem can help fight poverty, climate change

Survey reveals export-oriented firms far ahead in innovation than non-exporting ones

Rises 46.8% year-onyear as consumers take benefit of lower borrowing cost

Surge comes on back of strong demand from industries and households

Proposes minimum price of Rs22.3 or Rs26 per share for selling PRCL stake

Benchmark KSE-100 index sheds 519.36 points to settle at 46,008.85

Growing concerns over US production seem to be outpacing other factors

Directs four firms to remove smuggled goods from their retail outlets

Market capitalisation of cryptocurrency market dropped 10% on Monday, to under $1.94 trillion

Rupee has maintained its downturn since hitting the 22-month high of Rs152.27 in May 2021

Schemes aimed at providing internet services to 0.66m people in Sindh, Punjab

Official laments stuck tax refunds have caused liquidity crisis for parts makers

Says out of 2.9m tax return filers, 1m have zero taxable income

CDWP approves project at cost of Rs51.3b, up 138% within five years

Insists on giving up revenue-driven model as it hinders faster broadband expansion

Investors dump Chinese property stocks, seek refuge in safe-haven assets

Imam appreciates role of all stakeholders in increasing overall cotton production

Benchmark KSE-100 index loses 107.87 points to settle at 46,528.21

Stronger US dollar in wake of risk aversion weighs on oil prices

Govt may consider more tariff incentives to increase capacity utilisation, cut circular debt

MPC notes monetary policy stance is still appropriately supportive of growth

Women suffer in areas of education, labour force participation, access to resources

Two companies of country feature in Forbes Asia 100 to Watch list