Business

Miftah expresses resolve to provide maximum relief to people from continuously rising prices, especially the poor

Value-added textile exporters feel financial strain, fear bankruptcy

It will help strengthen such businesses, reduce poverty

Currency shows some signs of resistance after IMF approval of budget

Average revenue per user falls to around $1 with surge in business cost

State Bank will award five licences to financial institutions soon

Electricity price goes up by 57 paisa per unit that will be recovered over 3 months

Govt raised Rs155b by selling three to 10-year bonds

Assures refiners SBP will pay for oil imports if LCs’ issue worsens

Businessmen say it will discourage SMEs from registering under sales tax regime

SBP says foreign exchange reserves are at around $9 billion and 'all usable for all purposes'

Companies struggle to refill storage to avoid deeper trouble in winter

Switzerland received 3.1 tonnes of gold worth around $200 million from Russia in May

Supplies remain tight owing to sanctions on Russian oil

Business team acknowledges Pakistan has capacity to raise exports to Saudi Arabia

Finance minister says inflow is expected within a couple of days, thanks the Chinese govt for facilitating transaction

They hope for receiving good number of orders at German fairs

Despite Covid-19, bilateral trade has increased significantly

Insists banks have sufficient liquidity for making import payments

He stressed that the government would consider their proposals for the economic betterment of the country

Alvi in his decision held that the pensioner’s hard-earned income constitutes a fundamental right to livelihood

Manufacturers should not take advantage of “market dominance” to bully airlines

IMF loan agreement will push global banks to endorse LCs for oil import

Report says rupee becomes worst performing currency in Asia

Raw material for industry depleting due to restrictions on LC opening

IT ministry has invested $1 billion to support such initiatives

Assures industry players he will take up issues with federal govt

Company will ship 50,000 tons of cement to US per month

Currency sinks to record low on reports of foreign currency shortage in banks

It will help cope with external shocks, result in inclusive growth

Minister says software firms mulling shifting business to other countries

Modern technology to reshape the fashion industry which encompasses many different small and niche industries

Assures businessmen delegation investment will be fully secure

PSO’s receivables soar to Rs583b as power, gas firms default

Pakistan needs to boost cooperation with China as it has adopted modern methods

Instead of inspiring confidence, healthy 6% growth has generated pessimism

Targets of GDP, exports, remittances and revenue realistic and within reach

Oil firms finding it difficult to import crude oil, petroleum products at high prices

Sees potential in Pakistan to improve olive production, make exports

Senate panel directs FBR to bring legislation in the form of a bill and not through ordinances

Also seeks other measures to bridge gap with IMF by end of month

Eni, Repsol to take Venezuelan crude to settle billions of dollars of unpaid debt

Pakistan highlights lack of dispute settlement, ignorance of rules as challenges

Investors worried about troubles in industry, pullback from riskier assets

EV maker Rivian Automotive Inc has also raised prices on its pickup trucks by 20%

Russia earlier this week limited supplies via the Nord Stream 1 pipeline to around 40% of its capacity

Country exported 840,000 tonnes as companies ran short of quotas

US gross domestic product (GDP) growth to slow to almost zero by the second half of next year

Stress political and economic situation requires efficient budget planning

Benchmark KSE-100 index edges up 126 points at 42,141