Business

Shows just $8m deficit, down 98% compared to last year

KSE-100 index gains 933.67 points over expectations of reduction in SBP’s policy rate

Domestic currency had experienced a sharp drop of 1.16% reaching a one-week low at Rs280.29 per US dollar yesterday

Currency loses Rs3.26 on panic buying of US dollar

Farmers asked to adopt new technologies, look for quality seeds for further growth

Rising tensions in Middle East also threaten to disrupt oil supplies from region

World Bank-funded project will stop water theft, improve supply to farmers

Still output jumps 62% to 5.99m bales in first 3-1/2 months of current season

Power Division proposes transition from Libor to SOFR for power project loans

Also inks agreement for refinery expansion with China’s UEG that will invest $1.5b

China will provide support to develop Gwadar Port in better, faster way

Insists govt should continue collecting duty to discourage dumping of yarn

Tech expert calls for devising integrated strategy with support of private sector

PM aide stresses ease of doing business is their priority

Minister underscores commitment to further strengthening partnership with China

Domestic consumers may be forced to pay up to 172% higher energy price

Depreciates 0.07% on uptick in dollar demand

Govt allows refineries to enter into direct commercial contracts with Russian firms

Envoy stresses Pakistan with huge population is very important for Ankara economically

The project aims to redefine Pakistan's luxury living standards by combining modernity with natural beauty

Total investment from overseas Pakistanis via RDA reaches $6.75b

Only Rs57b spent in Q1, leading to delay in critical projects

Believes British businesses will make new investment decisions after elections

Ask govt to do away with gas outages, formulate sustainable policy

Will sign deals for developing mineral sector, promoting green economy

Easing sanctions on Venezuela’s oil industry could result in increased oil supply

Will be given this status after 100 years since its construction

International financial institutions to give $600m to Pakistan under RISE-II economic stabilisation programme

There are inextricable links between human exploitation and biodiversity loss

Govt reduces petrol price by Rs40 per liter, effective today

SAPM underlines capacity to provide over 1m workers with varying skills

KSE-100 index breaches 49,000 barrier with gains of 2,000 points

Decision comes in response to requests from market, dealers

However, only 4.4 million file tax returns and one-fourth pay any tax

Calls for customising IMF programmes according to needs of partners

IMF urges member countries to fill $1.2 billion gap in $3 billion subsidy account endorsed by membership in 2021

Finance minister’s remarks underscore resolve to keep markets on edge

It causes revenue loss, promotes financial transactions via illegal network

Union leader says sell-off will only multiply problems of consumers

SPI reading increases 0.30% compared to prior week

Sales of illegal cigarettes rise to 63% of total volumes since duty hike

Farmers reject FCA production estimates, saying they do not depict true picture

Final decision rests with govt that may instead resort to tax adjustments

SBP governor says foreign exchange buffers are improving with build-up in reserves

Economist believes currency will maintain winning streak in short run, reach 260-265/$

Calls initiative favourable step for investors

Pakistan, China may reduce cost by $3.2b to make it commercially viable project

Tecno Mobiles official says economic revival has started, consumer demand is rising

Highlights risks due to Pakistan’s thin forex cover for debt repayment

Aims to make Pakistan regional auto export hub