Business

Now, 59% of global currency reserves are in US dollars, down from three quarters earlier

Pakistan passes budget in haste as debate continues for only 10-15 days

Government is left with limited choices

We will not do the 9th and 10 review together as it would not work for Pakistan, says finance minister

SDPI director says economic mismanagement cannot be ignored

Buyers interested in Pakistan’s GSP Plus status for future sourcing

Ministry stresses sustainable growth will be achieved under rigorous reforms

It will provide currency guarantees to investors in poorer countries

KSE-100 index drops 635 points, or 1.53%, and settles at 40,964

PFMA says hoarders stockpile wheat during procurement drive, exacerbating shortage concerns

Without deal, US could face calamitous default

Centre may be forced to release billions in grants to cover subsidy cost

They gave presentation on global and domestic scenarios relating to the LNG supply chain

Huge chunk flows via illegal networks due to attractive exchange rates

Foresees significant growth in mobile data consumption in next 5 years

KSE-100 index loses 65.14 points, settles at 40,964.54

Exchange losses coupled with surging expenses causes much losses than expected

Businessmen urge govt to develop new varieties to compete globally, boost exports

US envoy says investment will help strengthen Pakistan’s climate resilience

In inter-bank, rupee maintains uptrend

Pakistan forced to import RLNG at $13.40/ mmbtu despite global spot prices being lower

DISCOs fear low recovery as consumers lose ability to pay due to financial constraint

Says despite challenges, govt will provide support to all export sectors

Ratio hits a new low at 13.5% of GDP indicating a decline in investor interest

High electricity cost, rent force small companies to relocate to low-rent areas

Minister urges body to submit plan for establishing warehouses in EU, Saudi Arabia

Gulf state becomes key trade hub after sanctions cut traditional routes

IEA says yearly investment in renewable energy up by nearly a quarter since 2021

High inflation, weakened demand result in 4.5% contraction in services sector

Says duty rise fuels illegal trade, exacerbates govt’s fiscal woes

Gains half percentage point as govt tightens control over economy

Nova Group seeks to enhance the quality of life and enrich the dreams of its residents with affordable luxury living

Says loan programme may not be revived because of ‘restricted time’

Paying 30% more for Turkmen gas than from Russia

PCJCCI emphasises need to diversify mango varieties, produce high-quality fruit

IT minister says AI Policy draft has been uploaded on ministry website for public feedback

Investment aimed at upgrading, growth of refinery

Says militant attack caused slight reduction in per day gas and oil production

Stakeholders say sale volumes plummeted to 45% following imposition of duty on beverages

Additional burden of Rs46.28 billion to be imposed on consumers

ECC gives Rs20b, taking allocation to record Rs111b for lawmakers’ schemes

Flights from Karachi, Lahore to Nanning will primarily transport fruits and seafood

Managing director says WB looking to explore sub-national lending

LPGAP Chairman Irfan Khokhar says Pakistan lacked LPG storages

Hopes to boost industry, trade by establishing business linkages

Iranian president says ‘sanctions and threats will not stop us’

Air concern over 7.5% tax on retained profits; warn of default risks

Broadband services will be provided to masses in far-flung areas

Stresses capital market has potential to tackle structural imbalances

Situation has forced 50% industries to shut down or operate at half their capacity