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Market watch: Stocks surge on remittances data
Benchmark KSE-100 index soars 588.02 points to settle at 43,486.46
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Dollar to fall only after coming out of clutches of ‘PTI-IMF’ deal: Miftah
Pressure on the rupee is mounting due to rising interest rates, says finance minister
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9.5% inflation forecast ‘unrealistic’
State finance minister hesitant to back projection of single-digit inflation in FY23
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Gwadar needs urgent power supply
It will ensure robust economic growth, logistic activities at port, in entire region
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Vehicle export begins under new auto policy
Policy requires manufacturers to initiate exports to help develop industry
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Hydel capacity to go up 14,000MW by 2026
Energy contribution of hydel electricity will rise to 57 billion units, increase of 20 billion units by 2026
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Establishment of solar parks proposed
Pakistan lagging behind in race for clean, inexpensive power production
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Grain-forage rice to improve land utilisation
China’s high-quality, high-yield rice varieties widely promoted in Pakistan
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Rupee hits new record low of Rs192.53 against dollar
Miftah links rupee’s recovery to coming out of PTI-IMF deal’s clutches
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Rs118b sought to bear cost of oil price freeze
Funds will be paid to oil firms to cover price differential claims for May
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SBP reserves dip $190m to $10.3b
Decrease comes on back of external debt repayments
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Car sales drop 18% in April
Experts believe sales plunged due to govt’s restrictive measures
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Rupee posts fresh slump
Depreciates by Rs1.75 to stand at Rs191.77 against dollar
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Over 220 stalls set up at fair
The three-day long exhibition will provide a platform for business-to-business and business-to-consumer meetings
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Move to boost gems, jewellery export
Three-day gems, jewellery and fashion exhibition organised by the RCCI, held in Islamabad
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Oil rises on supply concerns
A pending EU ban on oil from Russia, a key supplier, is anticipated to further tighten global supplies
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Ex-finance minister Tarin lists previous govt’s achievements
Throws challenge to new administration, asking it to match performance
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Foreign exchange: SBP reserves dip $190m to $10.3b
Decrease comes on back of external debt repayments
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Pakistan approves 5-year polio eradication plan
The new $798.7m plan will be funded by a $192.5m loan from IDB and $606m in grants from GPEI
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Toyota warns profit to skid 20%
Japanese giant saw its shares slide more than 5% on Wednesday
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Karot project’s first unit starts running
Will provide support to national grid in tackling energy crisis
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Saudi National Bank to sell Samba shares
Receives better offers from two banks in bidding process
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Indonesia insists on taking trade to new peak
Envoy calls for trade expansion in diverse sectors, tapping ASEAN market
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Oil up as Russia gas flow falls
US West Texas Intermediate crude climbed $5.68 to $105.44
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The dollar problem
Emerging markets count the costs
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Tech firm cancels book-building process
Assures bidders to refund their margin money within three working days
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Committee formed to probe causes of cyberattacks
No data lost in cyberattack on National Telecom Corp
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Rupee crosses 190 vs US dollar
Experts say govt should give election timeframe, secure IMF loan to curb rupee fall
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Govt to give fertiliser subsidy directly to farmers
Dealers will be registered to check black-marketing, profiteering
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Rs16b sought for food subsidy
Ministry demands continuation of subsidy on five essential commodities
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Market watch: Stocks rebound over ADB's $2.5b loan hint
Benchmark KSE-100 index gains 35.29 points to settle at 42,898.44
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Market watch: Rupee fall, political turbulence pull stocks down
Benchmark KSE-100 index dives 641.21 points to settle at 42,863.15
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Heathrow expects loss-making year
Heathrow increased its passenger forecast for this year to nearly 53 million, up 16% on its previous estimate
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Germany prepares crisis plan for end to Russian gas
Emergency package includes taking control of critical firms
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World Bank assures support for reforms
Finance minister says country facing monetary, fiscal challenges
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IMF asks for Rs7.25tr tax collection target
It will require imposition of additional taxes, increase burden on salaried class
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Germany may invest in cyber security
Plan under study to hold business event for German firms in Pakistan
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Yarn exports to China reach $168m
Shipments to China, other countries increasing despite Covid-19 pandemic
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No respite for dwindling rupee
Currency depreciation propels gold to record high at Rs134,400 per tola
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Oil dips below $100 on economic worries, strong dollar
Comments from Saudi Arabian, UAE energy ministers boosted oil prices earlier
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Investors feared to lose interest in economy
Businessmen cite lack of encouraging trends in key economic indicators
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Foreigners pull money out of EM portfolios
Economist terms lockdowns, investment risk main drivers of capital outflows
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Explainer: How Sri Lanka spiralled into crisis
Analysts say economic mismanagement weakened public finances, leaving national expenditure in excess of its income
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Market watch: Stocks gain ground in range-bound session
Benchmark KSE-100 index adds 111.22 points to settle at 43,504.36
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Govt to address tractor industry woes
Minister appreciated the MLT efforts for achieving more than 90% deletion level in tractors.
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PM for simplifying banking system
Shehbaz directed to formulate a comprehensive strategy to effectively resolve the economic problems of the people
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NTDC directed to speed up work on projects
51 projects worth $2.1b are at different stages of development
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RDA inflows continue to rise, cross $4b
Investment grows despite political, economic uncertainty
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Rupee drops by Rs0.90 against US dollar
In past two days, local currency has depreciated by Rs1.84
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Cement sales drop 29% in April
Industry official attributes decline to unstable business, economic conditions