Business

Exports hit mere $2.6b, marking 15% increase from previous year

SBP injects Rs1.19 tr through OMO for 77 days

Reserves up by $12.74b from last week, the biggest gain in four months, and a total of $3.08b in the prior two weeks

Association says strike postponed after meeting with state minister to increase profit margins of petrol dealers

Court’s ruling stated super tax will not apply to taxpayers from whom tax is collected in the form of final tax

Say got failed to increase profit margins for dealers as promised

PTA terms move an indigenised cybersecurity strategy to safeguard data

Say new inflows have no impact, free float exchange rate a ‘myth’

Nepra grants six-month provisional extension subject to conditions

Shorter-dated bonds fall more than 1 cent

Pakistan receives $10.8b in FY2023, $11.8b or 53% less than budgeted estimates of $22.6b

Consumers to experience impact on their bills from July 2023 due to variations in fuel charges

State Bank of Pakistan (SBP) reported a 93% surge in the country’s reserves

Says authority disregarded ECC’s decisions resulting in detrimental impact on oil industry

Group registered a net loss of Rs8.5 billion, caused mainly by debt retirement from Ufone

ADB says growth in Pakistan weighed down by tighter monetary, fiscal policies

G2G agreement sparks discussions as influence over key port facilities raises strategic concerns

Latest waiver was expanded to permit payments to banks outside Iraq at the request of the Iraqi government

FDI dives to four-year low at $1.45 billion in FY23

Gap between the interbank and open market rates has narrowed to around Rs6

ECNEC approves Rs822b mega projects including new motorway, tube well scheme

Direct flights between Islamabad and Baku to be initiated

Still annual harvest will miss target of 12.7 million bales

Results in astounding 85% reduction in the full-year deficit to $2.56 billion

Company filed a petition for fuel charges adjustment for June 2023

Brings in current Principal Secretary to PM, Syed Tauqir Hussain Shah

Regulator increases price despite fall in international market

Depreciates Rs3.78 as dollar demand stays high

Says industries face staggering 30% decline in production activities

Haque stresses need for faster digitisation, supporting freelancers

'We are confident that this merger will pave the way to enhance operational efficiency and facilitation of investors'

Consumers pay overall taxes to tune of Rs91.36 per litre for petrol

Aims to provide non-financial services to foster sustainable agronomy for small farmers

Ministers from many countries chose to skip the meeting

Company deems reports ‘misleading’, says products not banned in any country

Suspends deal over failure to ease rules for its own food, fertiliser exports

At current market price, Dutch oil marketing firm’s value stands around Rs24.6b

Minister guarantees remaining reliable partner, cooperating on energy projects

Blocks 43 applications, launches awareness campaign to protect consumers

Drops to Rs279.26 in the interbank market, Rs286 in open market

Calls price cut a political decision that will prove to be landmine for caretaker setup

The energy crisis makes it impossible for business owners to run their day-to-day operations

Debt issue stems from misaligned fiscal policies, bureaucratic red tape

There is need to remove institutional bottleneck related to agriculture to tackle stagflation

With high investment in IT, export growth will accelerate and trade gap will narrow

Financial sector may be big beneficiary of AI, with potential value of $1.2tr by 2030

Report projects 3.3% growth, slowdown in inflation, lower borrowing cost

Ottawa’s reaction delivers significant blow to China’s responsible multilateral lender

Tokyo expands in renewable energy as part of zero-carbon push

Officials say US must issue waiver permitting such transactions