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Aurangzeb unveils economic plan
Outlines measures to boost tax revenue, attract FDI during Washington visit
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Rupee under pressure, hits 3-week low
SBP’s foreign currency reserves drop nominally to $8.04b
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Mughal Energy offers 10% shares for GEM board
Bank Alfalah eyes 84.51% stake in Samba Bank, SNB evaluates offer
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Alarm over ‘reversal’ of development
World Bank highlights gap between income growth in poorest vs richest states
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Oil sheds 1% after Iran attack
Oil benchmarks had risen on Friday in anticipation of Iran’s retaliatory assault
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Saudi visit, IMF talks take PSX to new record
KSE-100 index rises 229.86 points, settles at 70,544.58
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Pakistan’s regional exports rise 20.6%
China topped the list in terms of Pakistan’s exports to regional nations
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Urea sales estimated to rise 21%
Demand grows despite frequent increases in fertiliser prices
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‘All plants to shift to local coal’
PM says move will save $800m; okays WACOG resulting in 41% gas price hike
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Banks hesitant to fund wheat buying
ECC members say provinces should seek loans on their own without govt guarantee
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IT experts push for digital solutions
Say e-marketing offers many strategies to businesses, even with small budgets
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Petrol price hiked for 2nd time in April
Govt says prices increased in view of rising prices in international market
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Sound money needed for stability
Economy is struggling with low growth as it lacks prerequisites for prosperity
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Pakistan needs a more holistic pro-trade strategy
Policymakers must ensure export-oriented strategies prioritise enhancing businesses’ capabilities, productivity
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Decentralisation and local development
Current centralised system of administering local govt cannot provide facilities to low-income people
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Human capital development for Islamic finance
Upgrading knowledge, skills of current banking professionals a paramount concern
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Avoiding trade war amid global tension
Washington must recognise Beijing as a superpower – shifting from a unipolar world
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India asks companies to fire up power plants
To meet rising electricity demand in hot summer months
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Research firm warns of threat from deepfakes
Finds availability of deepfake creation tools, services on dark net
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PBF satisfied with economic situation
Members say there are encouraging prospects from friendly countries, no more obstacles
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Banks issue reports on emergency capital
Part of major push to expand resources available to help poor countries fight climate change
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Eid sales plummet as street crimes rise
Traders express concerns as runaway inflation, unemployment take toll on spending
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World Bank to give Dasu project $1b
Marks third major funding round to anchor crucial initiative amid delays
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FBR plans to block mobile SIMs of tax evaders
Revenue board chief endorses disconnection of 500,000 SIMs
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IMF reappoints Georgieva for second five-year term
Bulgarian economist praised for navigating series of major global shocks
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Envoy stresses carbon emission reduction
Says melting of glaciers in Himalayan, Karakoram ranges presents serious risks
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LPG producers slam intervention
Say LPG allocation to Sui companies will fuel anti-competitive practices
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Oil rebounds over Middle East tensions
Iran’s retaliation concern pushes oil prices to near six-month high
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Global investors pull back amid inflation concerns
Equity funds saw outflow of $2.9b during weekended April 10
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Experts for fighting misinformation
Call for collaboration to safeguard businesses, tackle false information online
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PSX above 70k on Saudi investment promise
KSE-100 index surges 1,898 points, or 2.77% WoW, settles at 70,314.72
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Chinese official warns EU on greentech probe
Says probes threaten domestic solar panel, wind turbine and electric vehicle industries
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CHINT Power signs deals with PV firms
Under contracts, Pakistani partners will distribute 200MW of inverters
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‘ADO validates correct economic policies’
Cheema says global FIs have confirmed inflation is decreasing
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IT industry seeks duty-free status
Demands policy intervention to reverse decline in IT exports
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Pakistan on silent economic decline
Data reveals stark realities as growth falters, income gap threatens stability
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Oil, gas firms await incentives for output boost
Have potential to raise production from existing fields by embracing modern technology
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Govt announces reduction in electricity tariffs
Energy minister reveals a reduction of Rs3.82 per unit on electricity bills for month of April
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Urea price raised ahead of tariff hike
Govt mulls increasing feed gas price for FFC to end pricing anomaly
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Gold surges to new historic high
Domestic currency stabilises at Rs277.94/$ as investors seek safe haven amid economic uncertainty
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HSBC takes $1b hit from Argentina sale
Bank’s strategic shift towards Asia drives sale amid currency volatility
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PSX eclipses record on Saudi pledge
Benchmark KSE-100 index rises 694.73 points, settles at 70,314.72
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Stakeholders for road infrastructure upgrade
Say if govt wants to adopt global rules, it should start with international standards for road infrastructure
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Sesamum seeds export to China rises 68%
Pakistan ships $10.1m worth of commodity in Jan-Feb 2024
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NayaPay partners with Alipay+ for direct payments
Becomes 11th overseas, first Pakistani payments platform to ‘roam’ in China
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PMDC to export pink salt to US firm
This move demonstrates Pakistan’s openness to international collaboration for mutual economic growth and development
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PASSCO seeks more credit than wheat cost
Finance ministry raises objections to cash credit limit for wheat purchase
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Yellen warns China on industrial loss
Worries fast-growing exports will threaten companies globally including US
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China minister launches Europe trip
Defends Chinese EV sector, says innovation behind performance
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Rupee dips to 10-day low at 277.95 vs dollar
Depreciates for 6th straight day ahead of $1b Eurobond payment