Business

Lend support to forex reserves, rupee

Asks newly formed govt to slash tax rate in upcoming budget

Brent crude was up $1.94, or 1.9%, to $106.58 a barrel by 11:03 AM

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

State Bank of Pakistan to formulate a policy that did not harm business and promoted industrial and trade activities

Envoy believes paddy shipments to Beijing will touch 1m tons this year

Resilience and Sustainability Trust aims to aid broader range of countries

Financing will ensure completion of energy projects

Firm raises Rs475m through IPO

Invests in vehicle manufacturing, optimistic about industry development in Pakistan

It comes with enhanced terms and conditions for coverage, quality of service

Call for promoting culture of voluntary tax compliance

EU is yet to agree any embargo on Russian oil

The consumer price index accelerated 1.2% last month, the biggest monthly gain since September 2005

Any willingness on the part of Riyadh and its allies to help the US has been eroded

Pakistan’s exports to China cross $67m in Jan-Feb 2022, up 23% year-on-year

Industry needs more financing for oil imports as prices surge in global market

MCCI official says it will help their businesses excel

Demand for the dollar stood higher compared to its supply in the wake of an expanding current account deficit

Claims it will facilitate farmers in wheat harvesting season

IMF researchers said that countries experienced larger declines of goods imports

Ratings agency expects oil price shock to push up current account deficit

Amendment likely to increase investor participation in GEM board companies

Ismail, who is likely to be PM’s aide on finance, criticises previous govt for providing subsidies on petroleum prices

Benchmark KSE-100 index adds 262.30 points to settle at 46,407.26

Premier announces six-day work week for government offices; changes timings to 8am instead of 10am

Official says EU seeks alternatives to imports of oil, gas from Russia

World Bank forecasts Russia’s GDP to fall 11.2% due to sanctions

To boost exports, Pakistan can ship value-added textile, surgical items, sports goods and minerals

OPEC has resisted calls by the United States and the International Energy Agency to pump more crude

Putin has warned Europe it risks having gas supplies cut unless it pays in roubles

Stress need for taking businessmen’s input prior to budget finalisation

Businessmen demand reversal of 250bps hike

US West Texas Intermediate crude lost $4.33, or 4.4%, to $93.93

Energy firms under financial stress, struggle to get outstanding dues cleared

Investor speculation ends in foreign exchange market

Says economic momentum, financial inclusion boosting lending opportunities in Pakistan

SBP chief making efforts to meet conditions for remaining tranches

As political dust settles, benchmark KSE-100 index gains 3.8% to close at 46,144.96

Reza Baqir says unpopular decisions required by IMF are proving to be difficult in the current political situation

Trust should be in constitution for rules-based governance, stable policy outlook

Tech advancements greatly help in developing highly efficient biogas plants

Jacking up of policy rate will further slow economy along with high inflation

Rate hike fills in market gap and not as proactive as some tweets suggest

Internal issues require structural reforms for which both sides in house should be united

C&D Clean Energy announces partnership with Integra Solar for panel supply chain services

Amount will help restore supplies of essential items including fuel, medicines

Cites it creates friendly environment, generates employment, attracts investment

Businessmen urge SBP to revisit decision, lower policy rate for betterment of country

Believes Moscow will not be able to honour its commitments to debt holders