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PayPal enters Pakistan via strategic partnership
JV with Payoneer allows freelancers access to PayPal
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Govt-KE ink key energy security pact
Agreement addresses legacy issues that are pivotal for Karachi’s long-term energy sustainability
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SIFC okays major overhaul for FBR
Also approves fixed income tax scheme for retailers, slated to launch in five major cities across country
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Telecom appellate tribunal set up
Govt aims to swiftly address legal disputes in telecommunication sector
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Govt plans to sow lentils for self-sufficiency
Cultivate pulses across 874,000 hectares this Rabi season
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Global firms allowed to launch satellite services
Private sector will give 6% of income to govt’s R&D Fund
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Forex reserves spike to over 5-month high
SBP’s reserves grow after arrival of funding from multilateral lenders
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Rupee continues upward trajectory
According to SBP data, domestic currency strengthened by 0.02%, or Rs0.05, closing at Rs281.67 against greenback
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Stocks end flat over continuous volatility
KSE-100 index edges down 7.69 points, settles at 64,639.16
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Copper exports to China cross $1b
Shipments likely to rise further owing to production of refined products
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Analysts urge politicians to draw up economic stability plans
Say upcoming govt should resolve energy crisis by supplying affordable electricity and gas
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Oil drops 2% on US stock build
Low fuel demand, large inventory increases in data from the US Energy Information Administration weighed on prices
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Rs150b needed for better services
Planning Commission comes up with estimate to improve governance
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‘Why isn’t organic fertiliser being utilised?’
Integration of organic fertilisers with soil chemical nutrition could reverse degradation process
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Global bond prices double
Post IMF, investors express faith in economic reforms, timely debt repayment
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Telecom industry for promoting digitalisation
34.5% tax burden affects over 190 million telecom users
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Rupee hits over two-month high against dollar
Uptick stemmed from reduction in demand for foreign currency, increase in its supply in banking network
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LTO collections cross Rs1tr for first time
Karachi tax office receives Rs1.2tr in Jul-Dec, despite adverse business climate
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Stocks gain ground in volatile trading
KSE-100 index rises 297.25 points, settles at 64,646.85
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10,000 e-Rozgar Centres to be set up for freelancers
Govt will kick off project on Jan 11, provide centres with latest facilities
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Traders ride Chinese county’s boom
Initiatives like CPEC make it very easy for local traders to do business
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Ministries violate cabinet directive
Release Rs131b to state-owned power companies without recovering dues
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Exports rise to 18-month high
Trade deficit shrinks over 40% reaching $1.7 billion in December
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PBC advocates long-term reforms in IMF negotiations
Urges incoming govt to take sustainable measures for economic revival
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High prices drive down oil demand
Petroleum consumption dips 7% to 1.24m tons in December
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HEC handed over to successful buyer
Focus on better utilisation, taking exports to $250-300m within three years
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Stocks slip over high inflation reading
KSE-100 index dips 312.18 points, settles at 64,349.60
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Cement sector sees 4.6% growth in dispatches
Exports experience 155.85% surge, reflecting positive momentum
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Enforcement of track & trace system stressed
Large-scale smuggling of foreign cigarettes causing revenue loss
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'Not a single issue addressed'
Business leaders criticise decades of neglect, plead for urgent solutions
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Pakistan exports heat-treated beef to China
Becomes first nation in South Asia to ship cooked beef to Beijing
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Privatisation of power plants urged
Policymakers seek to curb circular debt, note challenges in way of sell-off
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Inflation hits 29.7%, defying expectations for slowdown
Persistent rise in food, energy prices drives inflation higher
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Railways’ revenue accelerates 46% in six months
Corporation earns Rs41b, confident of meeting full-year target of Rs80b
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Kinnow exports projected to decline by 50%
PFVA urges govt to declare agricultural emergency, develop new varieties
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Saudi’s PIF tops sovereign wealth spending
Diverse investments including sports ventures strengthen its global position
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PM orders crackdown against fertiliser hoarders
Analyst says there is ample supply, artificial shortages being created to raise prices
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Tourism generates $1.3 billion in forex in 2023
Minister urges incoming govt to identify untapped destinations in Sindh, Balochistan
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PSX gets off to flying start in 2024
Benchmark KSE-100 index shoots up 2,210.74 points, settles at 64,661.78
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Post-election scenarios: is fiscal stimulus still an option?
With heavy dependence on IMF it is obvious that fiscal stimulus schemes won’t get through
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Expensive and unreliable electricity: a solution
There is need to re-integrate bifurcated companies to yield economies of scale and scope
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PIA privatisation not the only option
Solution to challenges lies in emulating PSEs featuring in Fortune 500
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Economic revival, CPEC and Agenda 2047 – III
Addressing governance, human capital and educational issues will unlock nation’s potential
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What does 2024 hold for economy?
All eyes are on the SIFC-monitored and guided new government
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Digital transactions surge to 80%
Value of online transactions, however, remains low averaging Rs80,000 each
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Fuel prices to remain unchanged
Prices of petrol and High Speed Diesel (HSD) will persist at Rs267.34 and Rs276.21 per litre, respectively
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Govt expenditure stands at Rs4.8tr
Expenses fuelled by interest costs, other spending
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IT experts urge exploration of GCC markets
Say goal is to attract FDI, boost exports in IT and IT-enabled services sector
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CCP survey uncovers deceptive marketing
Directs shoe, clothing brands to make full disclosure of product discounts
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Cabinet members chastise drug regulator
Say policies of regulatory body are not public friendly