Business

Vestas posted a deep first-quarter loss and slashed its 2022 margin forecast

Current level at 96.84 to encourage exports, discourage imports

Believe it will accelerate trade activities, restore investor confidence

Country plans to grow olive trees on large scale to meet edible oil demand, cut trade deficit

Total subsidy impact is estimated at Rs90 billion for May

PRA has so far received tax revenue of over Rs138.7 billion

Govt fixes minimum wage at Rs28,000

MOIT&T urges SBP to review its decision for consumers’ benefit, network expansion

This is highest rate recorded since Jan 2020

It is high time all political parties reach consensus on economic policy roadmap

Most immediate task is to identify potential for ramping up oil, gas production

Exchange rate, fiscal policies must be on top priority as both need stability

It is necessary to learn from history and not plunge into chronic debt crisis

Threat of agri-land diversion to solar can be avoided by such farming

The SBP has injected $1.2 billion into the inter-bank market

Carmaker uses gas plants for heat to run paint shops

Airbus plans to raise production of narrow body A320-family jets to 65 a month

Halts passenger trains to free up track to move coal

Authorities urge to resume work while complying with tough Covid-19 curbs

Asks banking giant to separate Asia operations where it makes most of money

Calls minimum tax of 1.25% very high for businesses

PDC piles up as govt decides to keep petroleum prices unchanged

Says country needs equitable cross-sector development of SMEs in all provinces

Stakeholders claim current stocks sufficient to fulfill local demand for next two months

Requires Rs1.24tr in remaining two months to achieve revised annual target

Sharp increase in commodity prices, notable hike in key policy rate led the profitability

Ministry opposes brief extension, suggests new names for appointment as governor

SBP has injected $1.2 billion into the inter-bank market

Remaining aircraft would arrive in Pakistan in a few months

Prices of four items fell and rates of remaining 22 goods recorded no change

Workshop to provide training in use, maintenance of modern machinery

Oil benchmarks slump from record highs due to Covid curbs in China

Pays $564.8m on 2022 Eurobond, $84.4m on 2042 bond in dollars

Businessmen regret advisory council formed without taking their input

In letter to PM, PBC calls for including commerce, industries ministers in council

Economy may grow 4% as it confronts inflation risks, external sector pressures

Say prolonged load-shedding will badly hurt economic activities

Seven-day OMO to address liquidity crunch in dried up market

KIBOR touching 13-year high, anticipation of spike in inflation sparked stock selling

Headed by PM, council planned to meet every week

Crude stocks rose by only 692,000 barrels last week, short of expectations

Supporting knowledge economies as innovators, start-up founders

It is due to electricity theft, line losses and fewer recoveries

Rupee had been on the downtrend since hitting 22-month high at Rs152.27 in May 2021

'If govt extended full support, the volume of furniture exports can touch $5 billion in next five years'

Rise in earnings is due to rupee depreciation, surge in energy prices

Aims to address challenges, ensure growth of capital markets, economy

Decrease comes on back of external debt, other payments

EU proposes 11 new conventions related to environment, labour rights for scheme

Lending rate increased by 145 basis points to 32-month high at 13.3%