Business

Session held at ICCI

Gas utility has been told to incur cost as one-off during financial year 2016-17

Currently, more than 925,000 audit cases remain pending

Move comes as country looks to diversify export markets

Will also hold IPO ‘soon’, according to company statement

Saudi Arabia remained largest source with $427.62 million

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

Pakistan’s exports of fishery products stand at about 0.25% of world exports

Yarn prices have increased significantly and the domestic polyester fabric industry is facing issues

Investment-to-GDP ratio stands at 16.4% against target of 17.2%; savings slipped even below last year’s level

Former finance secretary says fiscal deficit has increased to unmanageable level

US owes $9 billion to Pakistan spent on war against terrorism, says finance adviser Miftah Ismail

Benchmark index decreases 103.89 points to close at 46,476.73

SBP maintains that the slide in rupee’s value is due to supply and demand dynamics of forex

Training entails teaching modern trends in the furniture industry

The pipeline would serve as a secure and continuous supply of affordable gas

Speakers discuss energy cooperation and enhancing trade

Process stalled due to ongoing NAB investigation and audit objections

IPR says flawed policies for decades have caused Pakistan to lag behind

Invites investors to explore avenues for investment in Gwadar

OCAC’s report says Pakistan’s consumption in 2016-17 increased 9.64%

Tax advisory firm says it is against the fundamental right to information

Gap increases 17.3%, but value of foreign shipments increases as rupee devaluation takes effect

National Accounts Committee works out the rate on basis of 7-8 months data

Benchmark index decreases 57 points to close at 46,580.62

Temporary relief may be gained from subsidies and currency devaluation, but they make trade more volatile

Work on addressing structural issues and increasing exports needs to continue

Due to US sanctions trade was conducted through alternative payment mechanisms of limited scope

Former prime minister directs providing relief for salaried class

News of amnesty scheme, sector-specific developments help index rise 1,077 points

The two biggest categories of US imports from China last year were communications and computer equipment

Trump argues pain of the dispute will pay off in the end

Higher revenues and expenditure control will allow the Spanish government to reduce fiscal deficit

All major cities experience moderate changes and stability

Country acquires $6.9 billion in foreign loans in 2017

Believes step will give boost to government revenues

Net addition of Rs2.14 trillion made in eight months of current fiscal year, 10.3% higher than that in June 2017

Officials say pending refunds hindering growth

Recommendations include availability of electricity and gas, tariff rationalisation

China says it is fully prepared to respond with a fierce counter strike

Says stakeholders consulted widely to make new budget friendly

the rupee has cumulatively shed close to 9% of its value

Gene bank comprises of over 36,000 germ plasma of different crops

This sector was earmarked for the development of an industrial estate in Islamabad

Global body writes letter to Pakistan, says scheme may affect global fight against terror financing

Will, however, stay short of 6% target; risks to macroeconomic stability rise

Claims tax refunds of the sector have accumulated to Rs13 billion

Request comes after other ministries demanded almost Rs2tr for PSDP

SBP says they are not legal tender

Benchmark index increases 76.80 points to close at 46,637.62