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Kazakhstan for increasing trade
Envoy says both countries enjoying cordial trade relations
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SBP introduces Raast P2P payment service
Service to provide convenient, hassle-free mode of digital funds transfer
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SBP reserves fall $463m to $15.73b
Decrease comes on back of external debt, other payments
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Traders seek extension in cash-on-counter facility
Demand implementation of currency declaration policy on borders
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Umar forecasts $8.5b export growth
Exports of goods increased 24% in first seven months of FY22, says PBS
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Govt aids agri-research to boost productivity
Food minister says Rs8b subsidy given to fertiliser industry to support farmers
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Industry advocates iron ore import from Afghanistan
Says it will reduce cost of production of steel sector
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Rupee recovers to two-month high
Appreciation comes due to resumption of IMF programme, narrowing trade deficit
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Tax breaks for choppers likely
Govt mulls over providing incentives for helicopter manufacturing
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Growth may slow down to 4.5%: Baqir
SBP governor lists inflation, current account deficit as major challenges
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Huge investment on the way as PM finalises deals with Chinese firms
Thousands of jobs will be created as a result of more Chinese investment in different sectors of Pakistan
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Foreign exchange: SBP reserves fall $463m to $15.73b
Decrease comes on back of external debt, other payments
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Market watch: KSE-100 turns bearish despite IMF’s go-ahead
Benchmark index falls 256.22 points to settle at 45,862.93
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Oil prices take a breather, OPEC+ sticks to output plans
Tensions in Eastern Europe, Middle East have so far not disrupted oil production
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Chinese firms introduce new tech in power sector
Execute projects which include underground hydropower, coal-fired plants
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Trade deficit exceeds annual target
Widens to $28.8b in Jul-Jan, indicating need for more foreign borrowing
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IMF approves $1 billion tranche, makes public new conditions
Decision comes after Islamabad gave absolute autonomy to SBP
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Per person debt rises nearly 50%
Finance ministry submits self-contradictory fiscal policy statement in National Assembly
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Rupee strengthens against dollar
Rupee hit an all-time low of Rs178.24 against the greenback as demand for the dollar stood higher
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Alphabet nearing $2tr valuation
The gains, if they hold, could be the biggest single-day surge for the stock in nearly two years
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UK seeks to enhance trade ties
Envoy plans to visit Pakistan for exploring opportunities in diverse fields
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Spanish ambassador lauds Pakistan’s Covid strategy
Calls for revisiting policies to deepen trade
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Cement sales dip 16.6% in Jan
Decline comes amid slowdown in construction activities
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Vessel flow woes to persist
The journey time from China’s northern Dalian port to the major European port of Antwerp rose to 88 days
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Industries losing Rs45b daily due to gas shortage
Businessmen demand uninterrupted supply of fuel
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Refineries demand more financing
Bank credit limits have stayed unchanged despite rupee fall, high oil prices
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Mian Mansha gives recipe for rapid economic growth
Terms progressive market-oriented policies key to success
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Market watch: Uptrend continues at PSX ahead of IMF meeting
Benchmark KSE-100 index rises 444.65 points to settle at 46,119.15
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Mian Mansha chairs British Asian Trust panel
Trust has also appointed Amin Mohammad Lakhani as a member of the council
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Inflation skyrockets to two-year high
Impact of mini-budget yet to be felt
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‘Use of suction pumps major cause of gas scarcity’
Sindh governor directs SSGC to cut all such industrial connections
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Report praises liquidity flow during pandemic
Report praises liquidity flow during pandemic
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NEPRA takes notice of unscheduled outages
Directs DISCOs to avoid this practice as it is violating laws
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Power tariff likely to go up by Rs3.1
Increase will be made on account of fuel charges adjustment for December
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PM’s China trip to draw investment in power sector
Bilateral talks also expected to focus on revival of steel mill, relocation of industries
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Reversal of tax on EVs, solar panels demanded
IMF urged to promote environment-friendly financing solutions for Pakistan
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Oil sales surge 20% to 1.8m tons in January 2022
Wheat harvesting, power generation by oil-fired plants generate strong demand
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PIA to achieve break-even in 2025
Consultant recommends addition of 20 aircraft, administrative overhaul for turnaround
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Market watch: Stocks rally as investor optimism grows
Benchmark KSE-100 index rises 299.82 points to settle at 45,674.5
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Oil dips below $89, eyeing faster OPEC+ hike
Price pressured by expectations this week's US supply reports will show increase in stockpiles
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India to tax cryptocurrencies at 30%, puts digital assets in highest tax band
Country has around 15-20 million crypto investors with total holdings of nearly Rs400b
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Black rice makes its way to Pakistan
New variety can fetch three times higher export revenue, says grower
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ECNEC okays Karachi water project
Green-lights a total of four mega infrastructure projects at cost of Rs448 billion
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Carbon market surges to $851b
Most increase came from European Union’s Emissions Trading System
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Rupee strengthens against dollar
Rupee was on downtrend since hitting 22-month high of Rs152.27 in May 2021
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‘Innovation in SMEs can prop up exports’
PCJCCI for including digitalisation of industries in SME policy
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Stocks rebound but head for worst Jan since 2016
Rise in European shares follows late surge on Wall Street on Friday
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Coal deposits of 3b tons found in Thar
Sindh minister says discovery will help address energy issues, benefit economy
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PM aide foresees record jump in textile exports
Shipments expected to reach $21 billion in FY22
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Businessmen demand continuation of DDT scheme
Say it will maintain growth momentum of exports, uplift economy