Stories from Salman Siddiqui
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Pakistan’s imports soar, exports drop in February
Trend suggests gradual return of imbalances in foreign trade
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Freight rates jump up to 700%
Rise comes on back of growth in imports due to reopening of global economies
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Remittances surge 24% to $2.26b
Inflows remain strong above $2b for ninth successive month in February
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Pakistan needs to change energy system
Babar says 45-50% electricity globally is sold as commodity rather than monopoly service
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HUBCO to acquire Eni’s upstream operations
Executes agreements in joint venture with employees of Italian company
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Govt to borrow Rs4.82tr till May
Aims to use funds to pay back previous loans, finance budget expenditures
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Gold loses shine, drops to one-year low
Decline in line with trend seen in world markets
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Profit rates on saving schemes raised
Move aimed at attracting higher investment in government papers
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Rupee hits one-year high
Closes at 157.84 against dollar, aided by higher foreign currency inflows
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Low-cost housing picking up pace
More people approaching banks to acquire low-cost housing finance