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SBP seeks protection for MFB deposits
Subsidiary will provide mechanism to ensure deposits remain safe from risks
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Govt, banks at stalemate over PIA debt restructuring
Finance minister rejects proposals, extends deadline for technical committee
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Cement sales fall 2.12% in November
APCMA data shows local cement despatches were 3.262 million tonnes
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PMEX holds first-ever Invest Expo 2023
Event encourages safe investment alternatives, raising financial knowledge
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Pakistan, GCC hold talks on investment chapter
Focus on investment protection under FTA; agreement may be reached soon
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Changes to gas priority order sought
ECC members argue industry should be given priority as it earns revenue for country
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FA approved for Roosevelt Hotel
Privatisation board establishes committee to conclude financial services deal
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E&P firms give poor response
Submit bids for only 6 out of 10 onshore blocks offered
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Rupee surges to one-month high, closes below Rs285/$
Maintains uptick for 4th consecutive day driven by increase in supply of foreign currency
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Inflation bounces back to over 29%
Urban consumers face the brunt of staggering 520% increase in gas prices
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Import measures yield $4.8b savings
Result in trade deficit of only $9.4b during first five months of this fiscal year
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Oil stabilises after slump on OPEC+ cuts
Crude benchmarks on track to post weekly gains
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Stocks skyrocket to new all-time high
KSE-100 index gains 1,159.98 points, settles at 61,691.25
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Gas prices propel weekly inflation by 41%
Weekly inflation shows 0.23% decline WoW, marks second week of decrease
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Engineers trained for key role in CPEC’s Matiari-Lahore project
Training focused on skill development, insight into Chinese culture
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Over $1b being invested in K-P power project
It will bring economic stability in least developed Upper Kohistan district
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First-ever gender bond launched
Bond worth Rs2.5b aims to narrow gender gap, boost socio-economic development
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FBR exceeds tax target, avoids mini budget
Amasses nearly Rs3.5tr, on track to achieve goal set by IMF
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An ‘outstanding’ performance
Economy grows 2.1% in Q1, rupee stabilises and PSX hits record highs
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FBR staff unveiled as non-filers
Hundreds of FBR employees failed to file tax returns, wealth statements
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Foreign reserves surge by $77 million
Net foreign reserves held by commercial banks stood at $5,135.8 million.
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'Businessmen must follow best practices'
President asks traders to adopt honesty, fairness to grab space in global economy
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PSX ends nearly flat on profit-booking
KSE-100 index creeps up 29.27 points, settles at 60,531.27
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Industrialists announce shutdown on Dec 4
Insist high gas tariffs make all industrial zones uncompetitive
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Saudi loan rollover props up rupee
Currency reaches one-week high at Rs285.17 to a dollar
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Govt slashes diesel price by Rs7
Keeps petrol rate unchanged; increases LPG price by 1.5%
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IHC halts Rs35b tax on banks
Suspends windfall tax decision, questions legality, powers of interim setup
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Growers sound alarm on fertiliser crisis
Seek immediate intervention to tackle fertiliser black market during crucial wheat sowing season
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Saudi Arabia wins bid for 2030 world fair
Leaves Italian contestants scathing in their disappointment
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Crude edges up ahead of OPEC+ meet
Shrugs off US oil stockbuild on worries of extended supply cut
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Further Rs3.5 per unit tariff hike in the offing
If approved, consumers will be burdened with additional Rs40b
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Despite initial spike, PSX undergoes correction
KSE-100 index loses 228.26 points, settles at 60,502
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Telecom firm asks govt to remove investment hurdles
Capital injection focuses on advancing the country’s digital infrastructure
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Gold surges to 3-month high at Rs221,000 per tola
Rupee remains stable at Rs285.39/$, increasing by 0.05%
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Rs70b money laundering uncovered
FBR reveals two firms, with support from banks, funnelled funds abroad
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Saudi Arabia extends term of $3b deposit for another year
Move will help maintain foreign currency reserves and contribute to economic growth, says SBP
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Business confidence improves, but still negative
OICCI cites positive changes in political, economic situation for improvement
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KE claims meeting most of targets
Says 71% of area in Karachi is now free from load-shedding
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Delegation explores collaboration
Kashgar’s geographic proximity to Central Asia, South Asia ideal platform for fostering economic partnerships
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Honda unveils its first electric motorcycle
Marks 60 years in Pakistan, signalling new era in country’s automotive industry
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World Bank exposes vested interests
Warns against relying on debt structuring alone, says reforms being hindered
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Financial services deal for PIACL divestment sealed
Ernst & Young chosen for crucial financial advisory role
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Oil rises over 2% with focus on OPEC+ cuts
Brent crude futures were up $2.07, or 2.6%, at $82.05 a barrel by 1801 GMT
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Rupee stable at Rs285 against dollar
Ends three-day downward fluctuation with optimism over foreign currency inflows
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PSX soars to new peak above 60.5k
Deals of billions with UAE spark rally; KSE-100 index shoots up 918.92 points
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PSX crosses 60,000 points milestone
Market is expecting foreign currency inflows worth around $1.5-2 billion from multilateral creditors
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‘Domestic debt restructuring will be painful’
Former central bank governor warns of pains to depositors, draws parallels with Sri Lanka’s struggle
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KE licence hearing today
NEPRA frames questions based on comments from industrialists, other stakeholders
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Completion of key projects increases water storage
Carry-over water capacity will increase from 30 to 45 days, with an additional 9.7 MAF water storage.
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PSX hits fresh record, nears 60k milestone
KSE-100 index soars 724.99 points, settles at 59,811.34