Business

PM to preside over the meeting on Monday to grant final approval

OPEC member Algeria is yet to decide whether to extend the cut into September, said a source

ECAP general secretary, however, sees slim chances of more depreciation in short run

Central bank cited debt repayments as the reason for the decrease in Pakistan’s foreign currency reserves

Dollar supply rises on back of higher remittances, export proceeds

Healthy tax-to-GDP ratio is vital for running the country’s affairs

Net losses soared to an alarming Rs14.49b compared to Rs7.59b in 2021

President Kissan Ittehad says this can pave the way for food security

Despite growth, APCMA raises concerns over rising production costs

Sharp price hike plus exports lead to record sales for domestic sugar companies

Renew calls for negotiations with Iran

IT ministry seeks comments from stakeholders on draft bill

Increased crop arrivals spark hopes of producing 10 million bales this season

Rupee gains 1.55 against USD in inter-bank market, experts hopeful of upward projection in backdrop of IMF loan

Finance Division presented request to ECC seeking TSG surrendered by MoIP

Sells Rs71b worth of 3 and 5-year bonds to commercial banks

In the open market, the rupee decreased 0.50%, or Rs1.50, to Rs292.50/$ on Wednesday

Treasury secretary calls move ‘arbitrary, based on outdated data’

Marks second buy-back exercise conducted by AKFED in the past three months

Marks tenth consecutive month of decline

Price increase can range from Rs12 to Rs22 per litre

Plant suffers ‘abnormality’ in parts related to diesel fuel distribution

Adviser invites Pak-China team to explore investment avenues

Experts say price hikes can range from Rs12 to Rs22 per litre

Experts warn that soaring fuel prices may drive August inflation numbers higher

Dar announces strategic move to boost mining, agriculture, and IT sectors

Loses Rs0.90 to reach Rs287.54 against US dollar in the interbank market

Stakeholders project annual losses of Rs240b to national treasury

Pakistan’s seafood exports to China top $167m, up 41%

Govt invests Rs77b in connectivity to promote e-business

Mainly attributed to a substantial decline in imports

Despite attractive prices, Pakistan is unlikely to meet its target

Trafigura had offered bids of $23.47 per million British thermal units (mmBtu) for an LNG import tender

Aims to strengthen bilateral, barter trade opportunities

Exports to China reflect remarkable YoY increase of 15.68%

SBP governor, however, says import growth will remain moderate in FY24

Production still undershooting targeted amount by almost 1 million bpd

Projects moderate economic growth range of 2-3% for FY2024

Second branch of Bank of China inaugurated in Islamabad

Cites mass inventory shortages as major cause, to be shut from July 31 to August 15

All-Pakistan LPG Association chairperson warns of nationwide strike if rate is not regulated

Company adopts optimisation strategy to give boost to energy production

Global debt has crossed $305 trillion and no sustainable solution seems to be in sight

Financial globalisation, capitalist influence raise concerns

Lack of political will or long-term financial commitment rendered all programmes redundant

Climate disasters may inflict costs of $400b on developing nations by 2030

Low benchmark tariff gives signal it is a tight market, discourages bidder

To submit summary to ECC for approval of long-term oil trade deal

Experts predict staggering 159% YoY increase in exports, reaching 0.4 million tonnes

Around ±660 kilovolt direct current power project facilitates growth