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Impact of currency depreciation to come with a lag
It will take a few more months before its effect on trade deficit is visible
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Politicians declare much less value of assets
Next govt will have opportunity to implement tax reforms
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With asset growth, tax payments by poll candidates rise sharply
It comes potentially in the wake of increased scrutiny, greater political competition
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Gradual raise in rates expected
Details of the 63-page report were consistent with the Fed’s current outlook detailed at its policy meetings
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China’s solid waste imports plunge
Total waste and scrap imports reaches 9.98 million tons over the six-month period
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CPEC progress will not be hurt: ICST
Adds that all elements opposing CPEC have failed to slow its pace
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EU takes anti-Trump trade show to China and Japan
Agreement will create open trade zone covering a third of world’s GDP
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Germany opens Opel probe in ‘dieselgate’ scandal
Carmaker’s Cascada, Insignia and Zarifa models are under investigation, totalling 60,000 vehicles
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Third LNG-based power plant completed
With 1,223MW capacity, it will start commercial operation by month end
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Five PSO, Byco officials held for illegal oil trade
Scam causes Rs65.687 billion loss to national exchequer
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PSO stops fuel oil imports, awaits demand from power producers
Company’s tanks are filled to the brim with no more storage capacity
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Weekly review: A rough start but a better ending
Benchmark KSE-100 Index finishes with just a 13-point decrease in outgoing week
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Caretaker govt kick-starts process of availing IMF bailout
Finance ministry, however, says option to be exercised by next government
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Caretakers set to splurge Rs3b on shoddy schemes
Will approve upgrade of JACC in Rs372m; Rs2.6b on increasing production of pulses
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Shaheen Air's airport facilities suspended over outstanding dues of Rs1.5b
According to CAA, suspension is applicable to all international flights except Pakistan-Saudi Arabia
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Monetary policy: SBP increases key interest rate by 100 basis points to 7.5%
Hike comes as economy prepares to deal with increasing inflationary pressure
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ICCI concerned over high trade deficit
Pakistan’s imports were recorded at $60.9 billion in the previous fiscal year, showing an increase of 15.1%
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SPI decreases 0.58%
During the week, average prices of 18 items rose in a selected basket of goods, prices of eight items fell
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Rupee weakens against dollar
SBP has maintained that the slide in the rupee’s value is due to supply and demand dynamics of foreign exchange
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Development projects halted due to shortage of funds
The official reveals that other development projects in the Punjab, KPK and Balochistan have also stopped
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Chinese imports to US ports start peaking early amid tariff threat
Some retailers move up orders to insulate themselves from an intensifying trade war
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Tax amnesty about accountability: FBR official
Says revenue generation and inflow of dollars added bonus
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UBL directed to strengthen anti money laundering compliance
Federal Reserve Bank of New York and UBL enter into new Written Agreement
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Local players must be given same preferential treatment: CCP
Asks NHA to extend import duty and income tax exemptions to Pakistani firms as well
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SBP expected to hike interest rate, but analysts divided over how much
Move meant to deal with inflation, current account and fiscal deficits
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Caretaker setup calls CDWP meeting, exceeds mandate
Will approve projects costing Rs709 billion, financially binding future govts
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Caretaker PM rolls out Pak-China Optical Fiber Cable project
Initiative will reduce Pakistan's dependence on submarine cable for connectivity
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Market watch: KSE-100 gains 396 points as bank stocks rally
Benchmark index rises 395.88 points to settle at 40,271.00
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Tax amnesty: Investors of dollar-denominated bonds want to trade them at PSX
Seek permission to pledge bonds with banks as collateral to take loans
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SAARC CCI delegation leaves for Dhaka
A seminar will be held on “a climate resilient South Asia" on July 15
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Cement industry foresees 50% capacity expansion
CPEC, PSDP and private housing schemes cause a surge in demand
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Currency: Rupee stable against dollar
The rupee remained stable against the dollar at Rs121.4/121.6 in the inter-bank market on Thursday
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Chamber urges academia-industry linkages
To curb unemployment, universities should tutor students in entrepreneurship
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Evaluation of ML-1 project completed
A delegation of the Chinese consortium called on Ministry of Railways to discuss the progress on Mainline-1 project
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Optic fibre cable connecting Pakistan, China to be inaugurated today
Costing $44m, the cable will minimise risk of disruption to international traffic
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‘Pakistan needs 6.6% growth to accommodate new job seekers’
SBP says improvement in infrastructure creates opportunities
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LNG prices rise in Pakistan as rupee weakens
Accordingly, OGRA has set higher tariff for SNGPL and SSGC consumers
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SBP’s reserves fall below $9.5b as concerns rise
Foreign exchange reserves held by the State Bank of Pakistan (SBP) plunged 3.16% on a weekly basis
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FBR set to identify new taxpayers
Process due to start after July 31
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Foreign exchange: SBP's reserves fall below $9.5b as concerns rise
Decrease of 3.16% comes due to external debt and other official payments
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Market watch: Continuing its advance, KSE-100 gains for third session in a row
Benchmark index rises 288.36 points to settle at 39,875.12
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China vows retaliation after fresh threat
Beijing has said it would hit back against Washington’s escalating tariff measures
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Chambers ink trade-boosting deal
Agriculture and livestock, two potential areas of cooperation among others
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Rupee stable against dollar
Since December, the rupee has cumulatively shed close to 13% of its value
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OGRA warns of illegal usage of LPG
Installation of LPG cylinders on motorcycles, scooters and public service vehicles is not allowed for safety concerns
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APTMA calls for boosting investment
Chairman urges caretaker finance minister to build infrastructure
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Auto sales fall for second straight month on tax-related curbs
Analyst also cites hike in vehicle prices, higher interest rate as reasons behind slowdown
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Tax amnesty: Hidden assets valued at Rs1.8tr declared
Finance ministry claims receiving unprecedented response
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NEPRA slashes energy tariff by Rs0.19
Roughly more than 20 million tons of waste is generated each year
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OGRA grants licence to Frontier Oil Co without cabinet’s nod
According to ECC decision, all future pipeline projects must be approved by cabinet