Business

Revenue board collects Rs7.14tr in FY23 against target of Rs7.64tr

Other notable export destinations include Germany and the UAE

OCAC rejects notion of forex savings, fears repercussions for overall economy

Govt increases tax burden on people, gives more benefits to lawmakers

DNI Group, Neem partnership aims to promote embedded finance in Pakistan

Budget review comes after PM met IMF MD over the weekend

Brent crude futures were up 54 cents, or 0.7%, at $74.39 a barrel at 1633 GMT

Business community criticises govt for ‘mishandling’ economy only to revive IMF

SBP's previous instructions to commercial banks to allow only priority-based selective imports withdrawn

Says load-shedding is done on basis of theft, non-payment of bills in an area

MPC notes potential upside risks to inflation outlook have increased from last meeting on June 12

Minister’s main job should be to lay foundation of sustained economic growth

It is argued that the US uses global financial institution as a tool to further its geopolitical interests

Despite trying hard, govts have failed to address structural problems via reforms

SMEs in Pakistan face trade barriers, lower export participation, hindering economic growth and development

Benchmark KSE-100 index dives 1,236 points and settles at 40,065

Acquired 53.74% through tender offer as Shinsei still owns 22.98% stake

S&P 500 pulls back for the week despite being more than 13% up since the year began

Cites IT, energy, tourism and agribusiness for forging cooperation

YoY earnings rose 0.1% in Q1, better than the forecast for 5.1% drop

Businesspeople predict restrictions will remain in place due to low forex

Will use funds for expansion of Balikpapan oil refinery

Businesspeople urge Dar to resolve multiple discrepancies

Letter claims CEO carried out surveillance of his deputy

Dar announces Rs85b cut in spending to shrink fiscal deficit

ECC also approves extension for export of 250,000 metric tonnes of sugar

GWM VC says at the beginning of current year, Pakistan encountered challenges in the automotive industry

LESCO urged to establish separate office, helpline for industrialists and traders

Demand simplification of sales tax, income tax regulations

More US interest rate hikes also seemed likelier

Chairman claims manufacturers are artificially inflating the price of steel, glass, and tiles

US and European equity funds witnessed outflows of $16.47 billion

Inter-corporate debt has already piled up to Rs447b

With 120 guest rooms and world-class amenities, the Hilton Garden Inn will provide an unforgettable stay

Sales witness 51% YoY decline, raising doubts about achieving AIDEP targets

JDS scholarship aims to impart public administration education to govt officials

According to the FBR’s Twitter handle, so far it has collected Rs3.035 trillion against the target of Rs3.026 trillion

Debt repayment contributes to decline of $482 million

Slim chances of Kyiv, Moscow agreeing to renewal of 5-year transit contract

Abu Dhabi Ports to invest $102m in infrastructure development

Surge outweighs low US oil supplies

Unreleased subsidies, interest on delayed payments contribute to swelling debt

$20b investments by friendly nations in projects boost sentiment

Unlicensed digital lending apps pose threat to bank depositors’ money

Negligence and system failure expose 67.5 million customers’ data

Exports of textile products already $3.5b lower compared to last year

Biggest package yet for industry as it seeks to boost slower auto sales growth

Has an annual demand of around 350,000 metric tonnes

OMAP chairman writes scathing letter, blames OGRA for distress caused to OMCs

Dar did not share details but says country is surviving without IMF