Business

Bumper first-half results from banks brought the issue back into focus

Purchases will stabilise prices that fall below intervention threshold

Gap remains higher than the IMF’s recommended 1.25% spread

Iqbal vows to make Pakistan hub of innovation and progress

Says global companies re-evaluating willingness to operate in Pakistan

Grants $1b incentives to boost diesel, petrol production

Electricity price will rise Rs5 per unit, including applicable taxes and charges

National debt soars to Rs59tr in first 11 months of FY23

Beep Pakistan is slated for public use within a year

Pakistani currency dropped over 1%, or Rs3, to Rs295 against the US dollar in the open market on Monday

Paves way for the hiring of a financial adviser for Roosevelt Hotel

Group’s shares, which have risen about 12% this year to 32.65 riyals, were up 1.1% at 1420 GMT on Monday

Rupee fall outweighs increase in property prices, eating up investments

But will this unlock prosperity or is just a fleeting mirage?

Transformation plan creates winners, losers and is never win-win scenario for everyone

This roadmap has three main pillars: low taxes, open trade, and a level playing field

Companies investing in sustainability can yield up to 10% higher profits

In 2022-2023, textile exports fell by 15 percent to $16.5 billion

Govt reluctant to burden consumers with heavy cost of condensate transportation

Joint initiative will help make food secure, manage crop diseases

Forecasts third-quarter rebound

Conference highlights transformative pathways for climate resilience

KSE-100 index rises 1,509 points, settles at 48,586

Domestic prices soar despite being locally produced, in order to meet export targets

Businessmen stress importance of proactive governance model

July losses from Typhoon Talim, which landed in southern China in the middle of the month, were 2.61 billion yuan

Say delay in implementation of agreed matters will cause damage to industry

Envoy urges enhanced China-Pak collaboration to open new avenues

Lahore, Multan chambers join hands to enhance economic wellbeing

Sources say talks could mark first step towards enhanced cooperation

Gwadar Port and the completed Phase one of the Gwadar Free Trade Zone, stand as testaments to CPEC’s achievements

Currency within domestic economy has surged to 29% or staggering Rs9.15 trillion

PM to preside over the meeting on Monday to grant final approval

OPEC member Algeria is yet to decide whether to extend the cut into September, said a source

ECAP general secretary, however, sees slim chances of more depreciation in short run

Central bank cited debt repayments as the reason for the decrease in Pakistan’s foreign currency reserves

Dollar supply rises on back of higher remittances, export proceeds

Healthy tax-to-GDP ratio is vital for running the country’s affairs

Net losses soared to an alarming Rs14.49b compared to Rs7.59b in 2021

President Kissan Ittehad says this can pave the way for food security

Despite growth, APCMA raises concerns over rising production costs

Sharp price hike plus exports lead to record sales for domestic sugar companies

Renew calls for negotiations with Iran

IT ministry seeks comments from stakeholders on draft bill

Increased crop arrivals spark hopes of producing 10 million bales this season

Rupee gains 1.55 against USD in inter-bank market, experts hopeful of upward projection in backdrop of IMF loan

Finance Division presented request to ECC seeking TSG surrendered by MoIP

Sells Rs71b worth of 3 and 5-year bonds to commercial banks

In the open market, the rupee decreased 0.50%, or Rs1.50, to Rs292.50/$ on Wednesday

Treasury secretary calls move ‘arbitrary, based on outdated data’