Business

Almost zero growth, 30% inflation present classic picture of stagflation

Lack of awareness, weak capacity deprive Pakistan of environmental advantages

High inflation, rupee devaluation drive investors towards other safe havens

ABAD chairman’s budget proposal urges removal of regulatory duty on steel bars

Western nations have accused OPEC of manipulating oil prices

Stresses country will take initiatives to promote IT and agriculture

KSE-100 index gains 388 points, or 0.95%, and settles at 41,352

Proposal of 5% tax will primarily affect family-owned companies

PAMA DG warns proposed changes could have severe consequences

ECC seeks details of fertiliser demand and supply, current inventory

Illicit cigarette brands have whopping 48% market share

Targets raising up to Rs200 billion revenues in FY24 by reshaping law

Supply made for an unusually extended period of 77 days to overcome liquidity crunch

Govt claims economy has grown 0.3%, expert opinion and PBS data reveals otherwise

Marks first-ever transportation of seafood containers by land via CPEC

It comes after decrease in forex reserves for 5th week in a row

State and privately owned entities would need approval to participate in the trade mechanism

‘No option other than going back to IMF, no Plan B,’ says Aisha Pasha

They say SBP, RRMC are imposing anti-exporter policies

LCCI proposes financial benefits for declaring foreign currency and deposit in banks

Total dispatches reach 3.97 million tons in May

Is currently reviewing, consulting with other central banks

Drop to $4.09 billion due to debt repayment

Bostan attributes correction to SBP’s decision to allow banks to buy dollars from interbank

It slashed the price of 11.8kg domestic LPG cylinder by Rs438.22, or Rs37.13 per kg

Appointment of political office-holders a conflict of interest

Recovering by 5.5% Pakistani currency drops to Rs295 against US dollar in open-market

Deficit may contract in FY24 with focus on curtailing subsidies, debt

Attributes delay to import challenges, foreign exchange crisis

FBR to collect Rs1.43 trillion in June alone to meet the annual target

Urge govt to attract African IT companies through incentives

Move will swiftly help reduce gap between rupee-dollar exchange rates

Govt says rates reduced to provide relief to consumers

Inflationary pressures to persist; reading may range from 34-36%, says ministry

SBP marks amount as lien if realised even a single day late from due date

Says measures will be taken to enhance industrial growth, boost exports

Trace and Track System will help FBR curb influx of illicit cigarettes

Underestimations can render budget unrealistic, lead to cost overruns

Maritime Affairs Division not in favour of waiving public procurement rules

Debt deadline coincides with June 4 meeting of OPEC+

Finance minister against indulging in blame game

Gap in exchange rate between interbank and open market has widened to record Rs27

Aims to meet growing consumer demand for aluminium cans

Looming default can spark shortages of food, medicines, and fuel, as Pakistanis face devastating consequences

Number of transactions via e-banking increased 4.3%, reaching 535 million

Private sector will be free to set up such plants, notify consumer tariff

SECP, AAOIFI sign MoU to support development of Islamic banking industry

KSE-100 index rises 375.52 points, settles at 41,340.06

It’s hard to break 'seth'-oriented culture that demands impressing bosses

RRMC proposals only reflect immediate needs of a govt in crisis, not much else