Business

LCCI official demands govt support

Proposed budget far less than funds needed to finance Rs1.6-tr portfolio

Says voltage violations and low voltage profile remain key issues

Budget raised amid concerns over growing size of unfunded schemes

Flagship energy project will enhance bilateral cooperation in hydrocarbon sector

Minister assures businessmen of full support to increase exports

Punjab minister says use of technology being ensured to enhance farm productivity

Benchmark index rises 335.54 points to close at 47,126.29

Also seek marked reduction in turnover tax

Hints at maintaining rate at current level in its next monetary policy statement

Board chairperson says Aqeel is facing corruption allegations; forensic audit will be conducted

Government appoints fifth finance secretary in past around three years

Benchmark index rises 335.54 points to close at 47,126.29

PSDP has been increased from Rs650 billion to Rs900, says planning minister

Brent, WTI on track to post weekly gains of 5% and 6% respectively

Announcement in line with market expectations

Telenor and Jazz pay second instalment of license renewal fee

Business community offers help

Rupee weakens against dollar

Some expect appointment of new finance minister to impact politico-economic landscape

Says levies spark inflationary pressure, discourage consumers

Company lodges protest with Petroleum Division over not being taken on board

IFC report says Pakistan’s untapped potential can be realised through key policy actions

Tarin supports proposal to give subsidised energy to five export sectors

Trading volumes soar to fresh peak at PSX

Benchmark KSE-100 index slips 21.56 points to close at 46,790.75

Increase comes due to official government inflows

Nearly all projects presented to committee again due to cost overrun

It is too early to determine whether cryptocurrencies are “just a speculative trading tool”

Rupee weakens against dollar

Says govt is working to develop more reliable and efficient energy system

Stakeholders fear uptrend can undo all progress made by sector

Aims to have 40% of global volume be all electric by 2030; shares near 5-year high

Say 90-day valuation period creating difficulties

The SBP expects that this initiative will help attract higher amount of foreign investment

African region had great potential for trade and investment

Plans to create two new companies to run power plants

Investors traded 1.56b shares for first time in history

Benchmark KSE-100 index advances 511.65 points to close at 46,812.31

Physical demand improves in both Europe and US due to slowdown in new Covid-19 cases

Around 88% of these borrowings were for budget and forex reserves support

Of 45m bank accounts, only 8m are registered against taxpayers

Asad Umar says hard work, analytical data-based decision-making helped reduce debt

Gap shrinks 61% year-on-year in April; for 10 months balance is in surplus at $773m

Recommends five projects costing Rs117.5b to ECNEC for review

Recommends final cash dividend of Rs4.52 per share

Company aims to rapidly enhance financial inclusion in country

Favours importer by waiving regulatory duty, advance tax on imports via sea

Farmer and non-farmer residents of rural areas can enhance their income through value addition

Australian authorities approve two treatment facilities for export of mangoes