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Pakistan needs ‘careful’ economic management to get macroeconomic stability: WB
The poverty headcount in country is estimated to have reached 39.4% in FY23, says report
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Rupee continues to rally against US dollar, gains Rs1.04
The sustained appreciation of the rupee is being attributed to an increased supply of greenback
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CDNS to reimburse Rs1.2m to fraud victim
Alvi calls for FIA to investigate account emptied via fake cheque book
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World Bank cuts China’s 2024 growth outlook
Trims prediction to 4.4% from 4.8%, cites weakness of property sector
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PSX celebrates World Investor Week 2023
CEO says market offers robust returns, encourages youth to participate
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Production halted as textile, auto demand falls
Two companies announce partial shutdown of operations to cope with falling demand
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Oil prices fall 2% to 3-week low
Traders opt for profit-taking as forecasts of rising crude supplies build pressure
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Cnergyico receives first Russian oil cargo
With handling of 100,000 tons of oil at SPM facility, bigger ships can now be berthed in Pakistan
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Rupee maintains impressive 18-day rally
Hits new two-month high below Rs287 against US dollar in interbank market
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Trade deficit shrinks by 42% in Q1
Drops to $5.3b on reduced imports, while export sector poses challenges
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WEXNET 23: A three-day extravaganza redefining women empowerment and success in the business world
With esteemed partners like USAID-ERDA, Daachi and SMEDA, the event stands as a beacon for women entrepreneurs
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Significance of Sukuk in Pakistan
A cost-effective financing tool amid restrictions on conventional options
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Power reforms: Broken promises and rising costs
Are unabated market reforms in the power sector delivering?
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Capitalising on human capital
Pakistan witnessing biggest exodus of human resources in its history
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The rise and fall of dollar
If panic buying is controlled, then rupee will easily appreciate by Rs25-50
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How can Pakistan capitalise on Saudi’s Vision 2030?
The new policy must be free of rhetoric and focus on real-time situations
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PSX leads in global markets
Ranks sixth among best-performing markets with 12% growth in Q3
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POL prices slashed by up to Rs11 per litre
From Oct 1, petrol will be sold for Rs323.38 per litre and high speed diesel for Rs318.18 per litre
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LPG prices increased significantly
OGRA sets consumer price at Rs260,986 per ton for October
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Egypt, Pakistan on watch lists
Both countries will be on watch lists for demotion from “secondary emerging” markets
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Inflation shows slight dip
Annual rate, however, remains alarming at 37.33%
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Markets in Q3: Gains, pains and oil reigns
World stocks lost almost $6 trillion since late July, Q4 set to be action packed
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Pak-GCC free trade agreement signed
FTA represents most comprehensive, contemporary trade agreement Pakistan has ever signed
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PSX edges lower in lacklustre trading
KSE-100 index falls by 0.4% week-on-week, settles at 46,233 points
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Govt expands SIFC mandate
Hands over most areas on economic agenda to joint civil-military-led forum
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Rupee may stabilise at 285/$
Appreciation beyond this level could lead to widening of trade, current account deficits
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Largest coal miner to boost output
CEO says SECMC aims to up production by 50% to 11.5 million tonnes in 2024
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Tax collection beats target by big margin
FBR receives Rs2.023tr in Jul-Sept, up by Rs46b than IMF’s target
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Govt projects 31% rise in inflation
Aligns with ADB highlighting Pakistan as having highest inflation rate in Asia
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Investment in Reko Diq sought
OGDC, PPL decide to hire advisers to engage with sovereign foreign investors
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Rupee named world’s best-performing currency
Closes at an impressive Rs287.74 against greenback, gaining Rs1.01
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Suzuki Motor explores car, component exports
PAAPAM urges economies of scale to make vehicles more affordable
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Forex reserves fall by $59m to $7.64b
SBP attributes decline to debt repayments
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OGDC earns record profit of Rs224.6b
Earnings propelled higher by robust sales, other income
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New rice varieties to transform agriculture
Minister says new high-yield variety will reduce costs, increase profits
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Pakistan seeks $11b debt rollover
Engages in talks with China, Saudi Arabia to meet external financing needs
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Body set up to plug Rs5.6tr tax gap
Govt gives tax reforms body two weeks to come up with recommendations
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Pakistan eyes SCO states for pharma partnerships
Conference brings members together to advance mutual benefits, expand market access
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Ejaz charts growth path for steel industry
Reaffirms commitment to removing obstacles hindering growth
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FAO vows to bring innovation
Pakistan seeks UN body’s assistance in training experts
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Electricity users to pay Rs28b more
CPPA-G runs plants on expensive fuel that leads to Rs1.8 per unit hike in tariff
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Pakistan welcomes Russia LPG shipment
Embassy said consultations on a second shipment were under wa
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Rupee surges to seven-week high
Increases in inflows through Roshan Digital Account
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Minister reviews Raast implementation
Emphasises public-private partnerships for sustainable development
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‘Challenging situation’ besets China in Pakistan
Islamabad set to beef up security to protect strategic ally’s commercial interests
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‘Challenging situation’ besets China in Pakistan
Islamabad set to beef up security to protect strategic ally’s commercial interests
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P2M option deployed on Raast
Person-to-merchant payments will reduce use of cash, document economy
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‘CPEC’s Suki Kinari project progressing fast’
China Energy Group MD says 884MW project will be completed by mid-2024
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Call for ‘export raw material authority’
Businessmen say govt could generate revenue via export taxes, royalties on raw materials
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Conference urges people-centric development
Experts say embracing modernisation, innovation in business is critical