Business

Minister reaffirms commitment to promoting innovation in country

Minister stresses need for market-based applied research for sustainable growth

New authority will take provinces on board while regulating petroleum affairs

Fawad Chaudhry assures business community’s issues will be resolved

Vehicles up to 800cc likely to become cheaper after budget

Benchmark KSE-100 index drops 64.36 points to close at 48,126.90

Market expects oil prices to move well beyond $70 per barrel towards mid-year

Remains in double digits for second successive month due to increase in energy, food prices

Revenue collection soars 29.5% to Rs128 billion in July-May period

IMF has asked Pakistan to end state control of the rupee and let the currency move freely to find its equilibrium

They will provide economic opportunities and sustenance to the people residing in border areas

Markets shrug off rising inflation concerns

Alliance of 23 nations did not discuss possibility of Iranian oil returning to market

Dawood says country should prioritise brand development to enhance exports

Says costly imports are hampering progress on Digital Pakistan initiative

Guarantee for Rs2.1b loan given to Telephone Industries may be extended by two years

SBP governor says Pakistan has successfully demonstrated it has stabilised

Additional revenue from new tax regime not more than Rs8b

Benchmark KSE-100 index rises 294.92 points to close at 48,191.26

Razzak Dawood says markets will provide economic opportunities and sustenance to people residing in border areas

Encouraging factory activity data from China lends support

SRB approves a proposal for tax incentive scheme under which penalties would be scrapped

FPCCI Coordinator Sartaj Ahmed Khan assured the transporters that the federation would highlight all issues

Suggests exhibitions and exchange of trade teams can help boost mutual trade

IMF has asked Pakistan to end state control of the rupee

Also warns of headwinds as not enough vaccines are reaching emerging economies

Lobbies warn Sugar Factories Amendment Act 2021 will damage economy

Says entire energy supply chain may be disrupted due to unavailability of Oil Pier-1

Top officials agree to promote public-private partnerships to battle climate change

EDB official briefs NA panel on new entries in auto sector

High reading suggests exports are at risk of losing competitiveness

Authority has collected Rs4.17tr during July-May period of outgoing fiscal year

MSCI’s index of world stocks mark longest monthly rising streak since Aug 2020

Benchmark KSE-100 index skyrockets 770.05 points to close at 47,896.34

Both contracts on track for second monthly gain

By revising IGCEP and making schedule adjustments for projects, it can play constructive role

With Covid-19, IMF says poverty rate in Pakistan is predicted to increase to 40%

To develop at fast pace, competent human capital and effective governance structure are essential

Remittances may not continue to grow at same pace in next fiscal year

Report identifies five sectors hampering overall development

Farmers emphasise on improving practices and agriculture landscape

CEO says slow pace of vaccinations could hurt recovery prospects

Says there is huge disconnect between what manufacturers say and what airlines decide

Business community demands reduction in policy rate to 3%

Posts record high volumes in two successive sessions on back of positive developments

Move may trigger another oil crisis as refineries forced to cut production

Projects GDP higher than govt’s estimate for FY21 on back of booming LSM sector

Traders say it will provide level playing field to importers, industry

China’s Challenge Group signed an accord with the Gilgit-Baltistan government

LCCI official demands govt support