Business

CPEC made tangible contribution to Pakistan's development, connectivity in region

Govt should avoid discrimination between domestic, foreign investors

It should not ignore restructuring to keep the economy afloat

Ensuring compliance with ongoing IMF could be a priority of forthcoming govt

Only 21% of Pakistani population uses the internet reports the World Bank

Pakistan will need to balance the benefits, costs of the IMF

Agreement mandates Azerbaijan to offer cargoes at world’s lowest price

Political affiliations and economic shifts pose hurdles for privatisation commission

Generation from FO, coal drops by 62% and 22% YoY

No consensus on phasing down fossil fuels

KSE-100 index rises 853 points, settling at 45,921

Supervisory chief says financial markets in a ‘delicate phase’

New tax regime causes decline in income as operations come to halt

Delegation on 10-day visit to boost exports and collaborations

Unresolved policy linking telecom license fees to dollar causes crisis

Senator says unreliability, disruption in policies could prove fatal for economy

NEPRA has rebased average tariff to make it uniform across country

Officials raise concerns over FBR performance, brands without tax stamps

Turkish president in talks to restore Black Sea grain deal

Economic crisis, raw material imports impact fertiliser giant’s performance

Delhi to help develop port and economic hub at Trincomalee

Govt aims to raise capital via asset sales, encourage foreign investment

LPG industry remains firm on its protest

Deal faces obstacles due to debt-laden balance sheets

Exports hit mere $2.6b, marking 15% increase from previous year

SBP injects Rs1.19 tr through OMO for 77 days

Reserves up by $12.74b from last week, the biggest gain in four months, and a total of $3.08b in the prior two weeks

Association says strike postponed after meeting with state minister to increase profit margins of petrol dealers

Court’s ruling stated super tax will not apply to taxpayers from whom tax is collected in the form of final tax

Say got failed to increase profit margins for dealers as promised

PTA terms move an indigenised cybersecurity strategy to safeguard data

Say new inflows have no impact, free float exchange rate a ‘myth’

Nepra grants six-month provisional extension subject to conditions

Shorter-dated bonds fall more than 1 cent

Pakistan receives $10.8b in FY2023, $11.8b or 53% less than budgeted estimates of $22.6b

Consumers to experience impact on their bills from July 2023 due to variations in fuel charges

State Bank of Pakistan (SBP) reported a 93% surge in the country’s reserves

Says authority disregarded ECC’s decisions resulting in detrimental impact on oil industry

Group registered a net loss of Rs8.5 billion, caused mainly by debt retirement from Ufone

ADB says growth in Pakistan weighed down by tighter monetary, fiscal policies

G2G agreement sparks discussions as influence over key port facilities raises strategic concerns

Latest waiver was expanded to permit payments to banks outside Iraq at the request of the Iraqi government

FDI dives to four-year low at $1.45 billion in FY23

Gap between the interbank and open market rates has narrowed to around Rs6

ECNEC approves Rs822b mega projects including new motorway, tube well scheme

Direct flights between Islamabad and Baku to be initiated

Still annual harvest will miss target of 12.7 million bales

Results in astounding 85% reduction in the full-year deficit to $2.56 billion

Company filed a petition for fuel charges adjustment for June 2023

Brings in current Principal Secretary to PM, Syed Tauqir Hussain Shah