Business

Sharp rupee depreciation, petroleum price hike may accelerate pace of inflation

Argues EU countervailing duties are inconsistent with WTO provisions

Chaudhry says Pakistan-US relations improving, need to increase trade by removing obstacles

Bank of Ireland fixes technical issue as social media posts prompt queues at ATMs

Public debt pile grows at pace of 41.7%, reaches Rs62.9 trillion by end of June 2023

Envoy says Pakistan tapping innovative prowess of its vibrant youth

Trade officer says entrepreneurs can become part of kingdom’s booming economy

Became worst performing currency in Asia a day ago

It comes despite large drawdown in US crude stocks

Govt seeking to recover over Rs24 billion from Karachi consumers

Emphasises upon meeting IMF condition on increasing health, education spending

Will reach $629 trillion over next five years, says study

China’s central bank unexpectedly cut rates for the second time in three months

Utilises IPO proceeds for buying 100% shareholding

Envoy says many firms interested in doing business with local counterparts

Ex-PM approved appointment of permanent delegate a day before NA dissolution

Body could not complete final report; its earlier recommendations also ignored

Brent crude futures fell $1.60 to $84.61, while US West Texas Intermediate crude fell $1.83 to $80.68

Currency drops Rs3.02 to Rs291.51 vs dollar in inter-bank market

Dollar index, which tracks currency against its major peers, was up 0.36% to 103.23

ECC approves addition of ancillary services projects to Transmission Line Policy

Yellen says production of critical clean energy inputs is concentrated in a few countries

Steelmaker rejects $7.3b buyout offer but says it will review options

Global investors paying up for good seat in world’s 3rd largest car market

Putin’s economic adviser blames loose policy for tumbling currency

Debt swells due to inefficiency, theft and losses faced by power distribution firms

Brent crude futures were down 63 cents at $86.18 a barrel

Officials say company will increase renewable energy, Thar coal-based production

SBP chief says MPC is autonomous that decides on policy keeping in view inflation, economic conditions

Tax system is state extraction mechanism with large efficiency losses, narrow base and minimal compliance

Country now faces complex equation in managing its energy imports amidst economic pressures

Projections emphasise vital role of painful reforms, external account management

With population and car ownership rising, smog problem will only worsen

Forces of globalisation make it difficult for govt to stem dollar’s appreciation

Action plan will help save $6.4b through energy efficiency audits, other features

Commercial counsellor leads Chinese delegation to 1st int’l food and agri expo

Inflation reading showed prices rising faster than expected

Benchmark KSE-100 index drops 161 points, settles at 48,424

Accounts cross 600,000, experts attribute resurgence to IMF loan agreement

WAPDA adds 8,158MW hydel power to grid

Price likely to go up in tandem with international market moves

Immediate relief from default Looms as experts debate long-term efficacy and political ramifications of IMF programme

Hopes to curb heavy dependence on edible oil imports

After forecasts for tightening supplies from IEA

Aims to enhance farm output, encourage value addition within sector

Restrictions ratchet up pressure on other rice exporting nations to follow suit

Also incorporated 41 companies listed on PSX, sparks investor optimism

SPI rises to 30.82%, prices of 29 key commodities rose 0.69% WoW

Currency depreciates after fall in remittances, forex reserves

Approval of bill raises concerns among multinational social media platforms