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Citing inflation, Fitch downgrades Turkey’s debt rating to ‘B+’
Agency does not expect authorities’ policy response to ease macroeconomic risks
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AJK PM invites investment in region
Promises full support to businessmen in setting up industrial units
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Steel sector joint venture set to restart production
Firm had shutdown due to Covid-19 challenges
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Additional Rs3.10 slapped in February power bills
NEPRA’s decision comes on account of fuel cost adjustment in December last year
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Geopolitical unrest feared to lift petrol price to Rs200-225
Brent oil rate soared to 7.5-year high at $95 per barrel on Friday
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Tarin says must avoid ‘begging’ IMF for loans
KPP to be launched countrywide on 16th
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Argentina offers support in agri sector
Envoy says future of both nations linked to value addition in this area
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Telecom group willing to participate in 5G auction
Telecom group willing to participate in 5G auction
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Auto sales accelerate 18% in Jan 2022
Improved purchasing power, end of mobility restrictions drive increase
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Ayub calls for swift implementation of schemes
Meets World Bank team, stresses need for better service delivery
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Remittances hit record high at $18b
Market expects inflows to stay above $2b per month in future
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Pakistan allows exports to Afghanistan in rupees
Experts welcome development, saying it will help gain access to Afghan markets
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Govt considers currency hedging
Proposal comes as govt seeks to reduce forex risk to foreign-funded projects
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Govt seeks to extend debt programme
Will take cabinet’s nod for unlimited extension in drive to tap global capital markets
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Express Tribune apologises to Shabbar Zaidi over misreporting
The publication holds former FBR chairman in high esteem for his role in introducing reforms during his tenure
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Market watch: Stocks close in green amid thin trade
Benchmark KSE-100 index adds 139.33 points to settle at 46,079.37
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Oil prices gain after IEA says market tight
Prices on track for first weekly decline after seven consecutive weekly gains
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Steel producers hike prices
Increase comes due to jump in international steel rates
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Power tariff to go up Rs2.8 per unit
Move will help collect Rs292 billion from consumers, reduce circular debt
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PARC for enhancing avocado farming
Avocado plantation part of the climate-resilient crops campaign
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Rupee strengthens against dollar
Rupee strengthened against US dollar at Rs174.87 in the inter-bank market
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CDWP clears Rs273 billion KCR project
Under the scheme, 43km dual-track modern urban mass transit system will be built
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State Bank reserves soar $1.61b to $17.34 billion
Increase comes on back of receipt of IMF tranche, Sukuk issue
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Pakistan to enter FM 100 index in May
Global investors show willingness to invest in Pakistani businesses
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Indonesian envoy woos local investors
Cites tourism, e-commerce, auto and pharma as potential areas of cooperation
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Bank deposits fall Rs1 trillion in January 2022
Deposits hit all-time high of Rs20.97 trillion in prior month
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Punjab govt focusing on self reliance
Provincial finance minister says business-friendly policies will help achieve it
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Govt mulls over GIDC recovery
May make some adjustment for cess collection in new fertiliser policy
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Market watch: Bourse turns bearish, sheds 400 points
Benchmark KSE-100 index dips 0.86% to settle at 45,940.04
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Foreign exchange: SBP reserves soar $1.61b to $17.34b
Foreign exchange: SBP reserves soar $1.61b to $17.34b
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Oil rises on falling US stockpiles but Iran talks weigh
Robust demand recovery from Covid keeps global oil supplies snug
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MSCI to add Pakistan to FM 100, FM 15% Country Capped index
Global investors showing willingness to invest in local businesses
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Saindak project lease extended for 15 more years
ECC approves Rs8.2b MPs’ recommended projects
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Karachi industries awaiting energy relief package
Businessmen paying extra bill owing to delay in notification
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PM to inaugurate cotton conference in March
Key stakeholders in meeting will help prepare future plan of action
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Govt steps up drive against gas theft
SSGC, SNGPL penalise industrial units, recover dues of millions of rupees
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Traders reject audit of duty drawback claims
Say post-clearance audit system not yet fully digitalised
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Incentives under study for 5G auction
Body formed for approval of strategic plan to launch 5G services by year-end
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PR mulls switching to locally made components
Minister says it will ease foreign exchange pressure, reduce trade gap
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Budget gap widens 33% in July-December
Deficit rises due to higher expenditures as revenue remains better than estimates
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Drought-hit farmers promised support
Government was promoting agriculture and providing a number of incentives to the farmers
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Premier focuses on industrialisation
Says efforts underway to provide low-cost electricity, gas to industries
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Market watch: Bulls dominate as KSE-100 crosses 46,000 mark
Benchmark index adds 391.81 points to settle at 46,339.76
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Oil prices stable at $90, Iran supply prospects add pressure
Contracts slid about 2% on Tuesday as Washington resumed talks with Iran
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European Union plans boost for chip sector
Chips Act will promote €15b investment by 2030
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Minimum wage increases 14.4%: survey
In dollar terms, it stands at $114 in Pakistan compared to $96 in India
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Mini-budget a threat to digital revolution
Industry player says high taxes make telecom services, smartphones costly for consumers
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IMF loan supports stability: Ruiz
Country representative says Fund brings policies to promote sustainable growth
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Lack of consensus between centre, provinces delays $700m loan
Provinces unwilling to apply FBR’s property valuation rates, uniform sales tax
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NPMC worried over high flour prices in Quetta
Tarin directs Balochistan govt to increase stock, ensure daily wheat release to mills