Business

IMF projects Pakistan’s external debt to be $136.5b by the end of FY24

Arrival of $2b Saudi loan props up rupee that gains 0.44% at Rs278.57 per dollar

Iqbal reaffirms commitment to providing favourable environment to Chinese companies

Asks investors to set up regional engineering design centres in Pakistan

Move comes after the company pulled the plug on a JV worth $19.5b

Finance ministry allows 15% of Q1FY24 budget for parliamentary schemes

ECC turns down industries ministry request to review land transfer decision

Agreements finalised for export of 600 tonnes to Indonesia and Vietnam

Becomes first-ever auto-manufacturer to enter global supply chain market

Due to weaker US dollar, rising demand forecasts

Puts off decision on hiring financial adviser for privatisation of Roosevelt Hotel

PCA South uncovered over invoicing worth Rs69.50b at the import level

Agree to relocate ceramics units from Zibo city to Pakistan

$27 billion deal aims to boost country’s capacity to produce energy

Says govt is committed to facilitating investors

Islamabad seeking long-term supplies at a discount

Import pressure, lower remittances push currency down to 279.80/$

Dives to a mere $5.2 million, a 77.5% decrease from previous quarter

Drop to $27 billion as illegal markets offered favourable exchange rates

Agency says country still remains in ‘very high credit risk’ category

Pakistan must decide whether to risk potential oil price rally or safeguard its interests

Pakistan has not yet signed new Cybercrime Convention owing to national sovereignty concerns

Revenue mobilisation system needs paradigm shift to real-time data integration

This is shocking, frustrating, and certainly detrimental to investors

Consumption is not inherently bad if it is met by domestic sources; unfortunately, in Pakistan, it is not

Traders express frustration over unclear procedures, limited engagement

Approximately 300,000 children will benefit from the grants

Beijing asks Washington to match words with action

TotalEnergies CEO says republicans may decide to halt hydrocarbon exports

KSE-100 index surges 2,755 points, surpasses 44,000-point mark

Contradictory policies, port clearance delays impede progress towards energy targets

Mehmood reiterated the significance of the road transport agreement between Pakistan and Russia

Slashes registration fees for vehicles of 1501cc to 2000cc from 3% to 2%

UN has been leading negotiations to ensure the continuation of the agreements

Cess collection reduced from Rs531.7 million in 2014-15 to Rs207.2 million in 2021-22

Currency loses 0.31% of value, stands at Rs277.90 vs dollar

Economy endures turbulent CY22 due to imbalances, external environment

Millions of people provided job opportunities since project’s birth

Price increase was largely anticipated by the markert

Extends support to Chinese investors aiming to lift Pakistan’s industry

Term it bold move, long-term investment that will take time to produce returns

Abu Dhabi Ports will invest $102 million over five years

Increases consumer prices of urea and DAP, causing concern among farmers

Cost of sugar, vegetable oils, cereals and dairy products drops

ECC asked not to provide more funding unless dues settled by Balochistan

Envoy encourages Chinese companies to invest in Pakistan’s growing NEV sector

Expresses concern over imposition of new taxes, reversal of relief measures

Aim for greater efficiency in trade, reduced risk from geopolitical factors

PFVA accuses dept of plant protection of bias against hot water treatment plants

Marks third consecutive month in which high domestic borrowing targets have been set