Business

Currency under pressure due to widening gap between dollar demand, supply

Food prices remain a concern, will register a YoY increase of 47.99% this month

Seeks govt approval to settle dues with India in rupees

Allows for real-time validation of pesticide products and premises during customs clearance

Downtrend has persisted over four days, with currency plummeting 4%

International benchmark Brent crude has fallen to around $75 a barrel from a peak of nearly $140

Attributable to global recession, challenging domestic environment

Sign letter of intent to collaborate on teaching, training and research

Await positive news about IMF loan programme

Focus remains on short-term gains rather than long-term reforms

This is an unprecedented situation in the history of Pakistan

In a highly competitive global landscape, we risk losing to competitors

Hundreds of countries struggling to come out of confused education system

If the dollar loses its status, American capacity to influence global affairs could diminish

NEPRA will conduct hearing on May 31

Anticipates hyperinflation, depreciation and high unemployment ratio

Emphasises on international technical standards for trustworthy AI

Envoy attended 12th China-ASEAN Forum, discussed collaboration in mining sector

First container ship from St Petersburg will reach Karachi Port on May 25

KSE-100 index edges up 112 points, or 0.3%, and settles at 41,599

If OGRA does not enforce the WACOG on time, the gas sector’s circular debt will further increase

Imports of Saudi oil totalled 8.46 million tonnes or 2.06 million bpd

Company blames illicit and smuggled brands, surge in excise duty

Business leaders urge government to collaborate with community ahead of upcoming budget

PBF asks govt to boost economic activities, ensure austerity in public sector

Suggests lower GST on digi-payments to formalise undocumented economy

Envoy says Pakistan’s location can help tap into markets of Central Asia, Middle East

Steps taken to control demand, devastating floods weigh heavily on growth outlook

Net investment in NPCs hits mere $555m in March 2023, compared to total investment of $3.9b

Falls to Rs285.82 in the interbank and Rs301 in the open market

Worrying stats pose significant threat to sector’s future expansion

FBR reluctant, suggests reviving 10% tax on undistributed reserves

Main cause of low disbursements is govt’s delay in reaching a deal with IMF

New secretary will face challenge of opening public purse, ensuring fiscal discipline

Estimated to drop from 1.8 million metric tonnes to 1.44 million metric tonnes

Central bank cites debt repayment as reason for decrease

Stresses need to utilise potential across all sectors to overcome ongoing economic crisis

Says rupee devaluation generated Rs1.5tr bonanza for exporters

By the end of 2022, CPEC had created 236,000 jobs, of which 155,000 went to Pakistani workers

Suffer huge losses in export of furnace oil as domestic demand dips

Currency driven down by slowing dollar inflows, political turmoil

Nepra says outage caused by NTDC failure to complete the dedicated transmission line

Will irrigate additional 30,000 acres of land

Pakistan’s dairy product exports expected to reach $10 billion

Aim to engage key state actors, including COAS and top politicians, within a week

Regional banks provided some lift amid concerns of a liquidity crisis

Proposes an overhaul of the real estate taxation system ahead of the budget

Eyes smooth transition to 60% renewable energy goal in next seven years

Currency moves in response to conflicting reports about IMF programme

Warns that by October, Pakistan will have less than $2b in foreign exchange