Business

Former FM says net international reserves have plunged to negative $14b

Says primary obstacle to digital transformation is the leadership

Business people urge Pakistan’s missions abroad to host mango festivals for trade diplomacy

Spread between exchange rates in markets widens

Finance Minister Ishaq Dar says current prices would remain in effect until June 30

Gas purchase from Azerbaijan will help bridge energy shortages

This represents a substantial increase compared to the 11.3% rate observed in FY22

In open market, currency regains 1.36% to Rs294 to a dollar

Widening macroeconomic crisis forces Dutch oil company to sell shareholding

Diesel, however, may become expensive by Rs3.29 per litre

Both crude benchmarks earlier climbed more than 1.5%

Spokesperson says company suffered losses in 2022 due to exchange rates, devaluation of rupee, overdue receivables

CEO assures users that no data was compromised in the breach

Announces supply deal that will see one LNG cargo provided per month

Event will help farmers advance crop harvesting mechanisation process

Finja Invest to bring investors, promote development of financial sector

4.4% lower compared to the $2.19 billion recorded in April 2023

Crude prices, however, have remained under pressure from concern over slowing economic growth and demand

Finance ministry plans to increase oil levy from Rs50 to Rs60 per litre

DISCOs will display the approved FCA separately in the consumer bills on the basis of units billed in April 2023

It comes after banks provide $5m to currency dealers

G2G import of discounted Russian crude marks key shift from US dollar-dominated export payments policy

Questions delay in project execution that leads to increase in cost

Plan to develop a domestic EV manufacturing industry

Karachi reports highest youth unemployment rate of 11.2%

Records MoM recovery of 19%, staggering decline of 77% YoY

Says withdrawal will worsen BoP crisis, result in loss of $10b in exports

Depreciates 0.24% to Rs287.60 vs dollar

Central bank keeps policy rate unchanged at record high of 21%

Dar informs Chinese envoy about thin prospects of reviving IMF programme

Govt must withdraw super tax which will help raise capital for businesses

Discounted Russian crude oil arranged under a new deal struck between Islamabad and Moscow arrived on Sunday

'Inflation peaked at 38% in May, expected to decline June onwards'

CPEC project achieves hoisting of last rotor

It must be complemented by measures like opening new routes, FTAs

There is logical sequence to pass through first four alphabets before reaching 5 Es

In absence of profitable opportunity in real estate, capitalists speculate in commodities

Budget is elementary at best and does not reinvent the wheel

Proposes Rs2.24 trillion budget outlay with overwhelming deficit of Rs37.79 billion

Proposed budget of Rs18.9b against current year’s Rs16.652b for agriculture engineering

Reserves grew 26% to a 17-month high of $3.5 billion in May

Utilises only 54% of funds allocated in FY23 budget for water projects

PMIC officers, however, had been receiving allowance for the past two months

KSE-100 index rises by 551 points and settles at 41,904

Marks the beginning of road trade under Belt and Road Initiative

Sector manages to achieve substantial progress, despite economic woes

Two ships carrying 50,000 MT each will begin discharge today

Disclosure marks first official acknowledgement about country’s debt quagmire

Dar proposes several tax measures perceived as ‘neutral to negative’ for the stock market

KSE-100 index rises 217.75 points, settles at 41,904.21