Business

Reaches new high of 64.2%, indicating country lacks resources for debt repayment on time

Official says govt may adjust taxes on petroleum products

SBP focuses on rupee-dollar trade volumes, those most actively involved in trade

Virus cases dash hopes of China’s economy reopening

Industrial waste flowing into water streams is damaging crop yield, rendering it cancerous

Many youth spend hours on social media but never focus on doing online courses

People cannot be coerced into exporting goods, especially if the incentives lie in the passive real estate sector

Recessions don’t last long; best of opportunities are found in difficult environment

The global community should establish a Pakistan-focused climate fund with $50 billion as seed money

Decline in deposits dampens private sector’s hope for more credit in October

Ambassador sees more potential for increase in bilateral trade

Yellen says price cap will still drive global oil prices lower while curbing Russia’s revenues

Bankman-Fried secretly transferred $10 billion of customer funds from FTX

Benchmark KSE-100 index gains 1,237 points to settle at 43,093

Says World Bank Report titled ‘Country Climate and Development’ issued in Nov

Planning ministry launched 5-year project worth Rs40 billion

Free trade deal, good prices drive increase in shipments

Govt aims to collect Rs9 billion in taxes annually

Envoy asks investors to explore avenues of JVs, investment

Former Karachi Chamber of Commerce and Industry president and Businessmen Group Chairman Zubair Motiwala appointed

Russia is a major producer of aluminium and nickel

Strict Covid-19 curbs, economic uncertainty weighed on the shopping extravaganza

Businessmen ask airline to start flights to Central Asia via Pakistan

CDWP meeting was called where six projects were presented and approved

Total bilateral trade between Pak-US in 2021-22 was around $9.85 billion

Minister says govt will eliminate electricity theft, not pass on its impact to people

Investors favoured riskier currencies following cooler-than-expected US inflation

Current account deficit projection is nearly half of World Bank forecast

Govt’s involvement in LNG business caused circular debt to balloon to alarming levels

NEPRA finds financial impact of Rs32m due to Economic Merit Order violation

Policy of taxpayer facilitation and resolution of issues through stakeholder involvement successful

Says extensive government involvement in the Russian economy had led to distorted prices and costs

UK inflation at a 40-year high

Bars company management from changing board composition

Lack of synergy, coordination between govt depts limit growth of industry

AIIB loan of $500 million, Saudi crown prince visit help stabilise rupee

World Bank says Pakistan needs $348b to stop climate-induced disasters

Pakistan’s removal from EU list of weak AML regimes will also lift trade

Policymakers should adopt targeted measures to fight inflation, says Kristalina Georgieva

Move will have positive effect on share value, return on equity

Reserves came down due to external debt servicing

Bilateral trade between Pakistan and Canada was around $1.11b in 2020, which did not reflect the actual potential

Lack of payment gateways, like PayPal, limit growth potential for freelancers

Dialogue between US and China crucial to combating climate change

Landlocked Central Asian state wants more trade access via sea

UN publishes list of projects worth $120b to help poorer countries cut emissions

Also plans to cut discretionary spending, extend hiring freeze through Q1 of 2023

Prices of essential commodities will rise up to 63% at utility stores

SBP initiates environmental, social risk management to mitigate climate impact

Two cargo routes have been launched for exports to China