Business

Pakistan required to increase power tariff, fuel taxes over next six months

Benchmark KSE100 index drops 421.27 points to settle at 41,013.86

DRAP given one-week deadline to adopt emergency measures

Court alleges that HBL facilitated terror financing between 2010-19

Reserves dip due to external debt repayment

Closes at Rs229.63 vs dollar after recovering 1.08%

However, KE consumers see decrease in rates by Rs4.87 per unit

Export sectors like textile facing criticism for getting subsidised gas, electricity

Shortage of LNG in global market likely to impact Pakistan as well

Size of Islamic finance industry estimated to have crossed $42 billion at end of 1Q22

IT opportunities have potential to reduce youth unemployment

Envoy says establishment of SEZs flagship initiative to attract FDI

Confusion over policy actions, situation arising out of floods hold back taxpayers

Pakistan’s global bonds fall as new finance minister takes over

Country’s ability to pay bills will affect investment climate

Central bank has drawn down reserves by $100b to defend rupee

Financial disputes of billions of rupees impede sale of private power utility

LPG bowser drivers should undergo the ‘Heavy vehicle defensive/preventive training course’

Ahead of Dar's formal appointment, the rupee has risen for the last three sessions this week

Timing of return stands in his favour but challenges remain intact

Three out of five respondents in consumer confidence survey term economy weak

New regulations promise better quality of internet, faster speed

Says ICT economy achieves stellar growth rate, fastest growing sector

Minister asks traders to look for new export opportunities

WTO chief calls for radical policies to revive growth

Tariff for excess units generated by rooftop solar producers to be reduced to Rs9 per unit from Rs19.32

This facility is available to all taxpayers who have not claimed excess adjustment against previous years’ refunds

Mahmood assured the delegation of all possible facilities to install Kutoba’s assembly lines in Pakistan

Gains Rs3.11 against dollar with upcoming change of finance minister

Lawyers representing realty sector, banks exploit legal lacunas in tax policy

Brent witnesses lowest session since January 4

Envoy says selling products via expos can promote exports to China, ASEAN

Streams of Kandhkot gas field sufficient to fight energy crisis, end outages

OECD slashes 2023 global economy growth forecast to 2.2% from 2.8%

Qureshi said the business community is distraught due to the issue of customs tariff chapters 84 and 85

Railways ministry proposes to increase cost of CPEC railway project by $3 billion

Owners of petrol stations have stopped accepting credit, debit and privilege cards

KCCI requests extension from current deadline of September 30 to December 31

Oil price slump also provides support as currency gains Rs2.63 vs dollar

Renewable energy sources pose threat to vested interests that create obstacles

Investor confidence dwindles as Pakistan’s global bonds trading at 50% discount

Challenges multiply as Pakistan rebuilds after facing floods of epic proportions

Govt should send right signals to investors by removing red tape, archaic regulations

Pakistan must now embrace a position of self-reliance, abandon the victim stance

Govt actions will determine direction of currency that has slid massively

Deal comes at ‘perfect time’ when Europe seeking new LNG supplies

Right now market going through crisis of confidence

Lack of access to professional networks, capital key obstacles

Benchmark KSE-100 index lost 1,059 points to settle at 40,620

Envisaging financing for rehabilitating people, rebuilding infrastructure