Business

Expenditure on critical sector will go up 34% in upcoming fiscal year

Gap surpasses full-year’s revised estimate; exports rise for second successive month

Of the 48 general consensus proposals, minister indicates accepting 42

No funds earmarked for Green Line buses, Orange Line completion date extended

Ramps up revenue collection target to Rs243b for next fiscal year

Decrease comes on account of external debt servicing, other official payments

Benchmark index gains 60.78 points to close at 43,855.78

Raw sugar prices traded in New York are languishing near 2015 lows as global supplies swell

600th service station located at Star Petroleum Raiwind Road, Lahore

Little impact on exports expected until it the products being exported are upgraded

SBP has maintained that the slide in the rupee’s value is due to supply and demand dynamics of foreign exchange

Event meant to lure Canadian buyers

Prime minister says government working to clear pending refunds

ICCI President said that SMEs are the backbone of the economy

Power minister argues AGN Kazi formula could not predict quantum of profit

DG Khan Cement and Bestway deposit Rs2b; ruling seen as positive

Withdraws recommendation that seeks to limit govt’s right to present full-year budget

Realise ‘ineffectiveness’ weeks before government’s tenure is due to end

Minister insists Pakistan has come out of crisis, now focus is on energy security

OGRA sets levellised tariff for PLL at $0.4177 per unit

Benchmark index still finishes with 0.62% decline to close at 43,795 points

Dr Ruth Pfau dedicated her life to fighting leprosy and curing its victims in Pakistan

Iran re-emerged as a major oil exporter in 2016 after international sanctions against it were lifted

The new service allows Emirates passengers to complete the security check and check-in from the comfort of their home

For ensuring timely completion, the Hakla-DI Khan Motorway has been divided into five phases

SBP has maintained that the slide in the rupee’s value is due to supply and demand dynamics of foreign exchange

Express interest in manufacturing solar products and automobiles

This may give advantage to state-run companies, sideline others

Calls budget disappointing that is aimed at pleasing voters

Licences of fake trade bodies being cancelled

Recommends up to 100% increase in income tax rates offered earlier by the PM

Anti-graft watchdog to open probe against deposed PM

It will help meet growing demand for petrol at lower cost, lesser time

Meeting between Afghan minister and commerce secretary focuses on enhancing relations

Benchmark index decreases 0.70% to close at 44,066.96 points

Transaction comes after Jack Ma’s Ant Financial bought 45% stake in Telenor Microfinance Bank

Chairman says govt should bring reforms in taxation and other policies

Officials will ask for resolution of GIDC issue and pending refunds among other problems

President says delegation made successful negotiations with business community

British high commissioner says Pakistan’s success is in UK’s national interest

Karachi to establish a processing plant which will create 800 jobs

The guests were briefed on the future programs of Eighteen

Engro Energy, Siddiqsons ltd and Arif Habib Equity Ltd have entered into a joint venture for the project

Official says under new condition sales may go down from projected 350,000 to 240,000 units

Pakistan proposed imposing a 5% tax on digital revenues, hitting US tech giants such as Google, Amazon and Facebook

Since December, the rupee has cumulatively shed close to 9%

Govt is paying millions of dollars in commitment charges on unutilised money

Step taken following directive of PAC that took notice of Rs30b loss to exchequer

Also wants govt to increase tax-free cash withdrawal limit to Rs100,000 a day

Benchmark index decreases 0.36% to close at 44,378.52 points