Business

New govt should come out with all guns blazing to tackle challenges

Supporters call for more customised benchmark aligning with unique requirements and values

Plan will increase burden on consumers using over 400 units by 41% or Rs22 billion

Express interest in learning from Pakistan’s economic experiences

Ministerial group cites challenges, risks in circular debt-plagued power sect

BI raised key policy rate by 250 basis points from Aug 2022 to Oct 2023

KSE-100 index lost 810 points, or 1.3% WoW, settles at 63,002.92

Smoothing of Pak-Afghan trade which recently halted for ten days over conditions of visas by truck drivers

Sheikh says it was longstanding demand for complete digitalisation, transparency of FBR operations

Favourable weather, govt support drive growth, but rising costs pose challenges

Stable prices, reduced interest rates forecasted to drive demand

Akhtar to head implementation committee, 72 hours deadline for legal package

$6.4 billion cut in deficit now equals 78% of existing foreign exchange reserves

CG shows interest in increasing engagements with businessmen

Summary sent to cabinet for formal approval of MD’s appointment

Criticise govt for maintaining maximum limit of Rs60 per litre in petroleum levy

Power consumers to bear burden of approximately Rs33.88b, along with 18% GST

KSE-100 index rises 609.18 points, settles at 63,002.92

Currency remains on winning streak for 4th straight day

Local cement despatches account for 2.967 MT, showing decline of 17.30%

Despite persistent elevation, this marks second consecutive week of downturn

Report highlights that decline in recovery of bills has exacerbated crisis

Jan inflation stands high at 28.3%, in line with finance ministry’s projection

Challenges short-term business confidence, despite promising medium-to-long-term outlook

KSE-100 index rises 414.56 points, settles at 62,393.74

Despite outflows due to foreign debt repayment, the reserves remain robust

Present recommendations to 2024 government, advocate for consistent industrial policy

Trade gap contracts nearly $8b in first seven months of FY24

Govt backtracks; agrees to making principal, interest payments from budget

270+ customers and 150+ suppliers worldwide place the Group at the forefront of international trade

Diesel rate also goes up by Rs2.75 for Feb 1-5 fortnight

Finance ministry conceals critical information, violates fiscal laws

With uptick, currency has cumulatively surged 9.87%

Liberalisation sparks confidence amid forex reserves surge, traders eye greenback surge

Energy sector undergoing massive transformation as world was increasingly focusing on green technologies

Attributed to elevated reference fuel cost, reduced hydropower availability in Dec 2023

KSE-100 index rises 137.44 points, settles at 61,979.18

Monthly outlook report anticipates inflation to remain around 27.5% in Feb

Under IMF arrangement, shortfall of over 1% may necessitate a mini-budget

Looks for $20b investment in exploring huge gas reserves

Lifts 2024 growth outlook, predicts ‘election year’ could boost economic activity

Aims to rein in swelling energy import bill that will double in seven years

DISCOs seek to recover staggering Rs81.5b via quarterly adjustments for second quarter FY2023-24

Shipping association urges reforms as costs threaten key exports

KSE-100 index dives 931.98 points, settles at 61,841.74

HCCI president expresses concern, says pre-election uncertainty shows immensity of challenge

Despite economic challenges, including inflation, high business costs, sector showcased robust performance

Currency hits 3-month high at 279.55 against dollar

Expected to fetch $3 billion this year as India curbs exports and demand rises

Rajput credits this positive shift to strict fiscal discipline, adherence to conditions of IMF Standby Agreement