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Finance minister calls for realising true tax potential
FBR chairman gave a presentation on revenue targets and performance of the FBR for the period July 2022 to March 2023
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Tech helping to build new millionaires across Pakistan
Experts say wealth is being generated from some of the poorest parts of the country
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Experts predict range-bound market
Chief of Army Staff’s four-day visit to China being seen as ray of hope
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Who really benefits from rate hikes?
Has it resulted in increased savings and inflation control? Not exactly
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Why do we need Charter of Economic Stability?
If political parties want to win trust of private sector then they will have to agree on rules of economic governance
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ECAP to approach govt again
Urges govt to accept proposal to raise $24b in interest-free financing
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Russian oil slashes OPEC’s share of Indian market
Share shrank to 22-year low as India becomes top client for Russian oil
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Credit Suisse lost $68 billion in assets last quarter
Analysts note outflows not as bad as feared
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Pricey dollar sparks trouble for startups
Digital firms optimise expenses by switching over from dollar to rupee
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Blockade removed at NJ project tunnel
Restoration work continued during Eid days
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Chile plans to nationalise vast lithium industry
Will shift control from industry giants to a state-owned company
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Oil set for weekly loss as uncertainty weighs
It comes despite rise on Friday on strong economic data
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China’s big refineries crowd for Russian oil
Teapot companies seek cheap alternatives
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Investors can discount IMF’s EM gloom
IMF managing director warns 60 countries at risk of debt distress
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Jhang thermal plant connected to power grid
Project achieved COD for the two gas turbines in August last year
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Investors sue Swiss regulator
Move seeks redressal for clients deprived of property rights
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Dollar clings to gains
Investors raised bets that the Fed will increase rates in May
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Banks consider SME financing as highly risky
Funding drops to Rs537b by Feb-end from Rs586b in Dec 2022
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80% workers denied minimum wage
PILER says denial of basic rights is causing people to become violent
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Stocks rally on investor optimism
KSE-100 index advances by 802 points, or 2%, and settles at 41,008
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Govt struggles to secure loans from global lenders
Foreign loans fall by $5b YoY because of impasse with IMF
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Scientists work to reuse organic waste
Joint research by Pakistan, China aimed at producing chemicals for industries
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Chinese stock listings in Europe face hurdle
Sparse liquidity creates arbitrage opportunities for investors
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Pakistan unveils first ever SDGs Investor Map 2023
The plan is a diversified portfolio of climate-resilient investments worth $2.84 billion
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NCC to improve export opportunities
PRGMEA says the facility will support SMEs amid sliding reserves
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Banks instructed to deduct 0.25% export surcharge
Move comes after a staggering 21% drop in export earnings in March 2023
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KE consumers brace for tariff hike of Rs4.49
Company files petition for March fuel charges adjustment
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Oil dips 2% as expected rate hikes take toll
Brent crude futures went down by $1.65 to trade at $81.47 a barrel
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C/A surplus is no reason to celebrate
Businessmen say current account surplus ‘manifests a massive economic contraction like never before’
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Forex reserves rise by $394m to $4.4b
SBP attributes increase to receipt of $300m commercial loan
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IMF struggles to find trustworthy partners
Experts say lender is assessing who holds power in Pakistan
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ICBC re-routes $1 billion loan
Provides funds via bank’s Karachi branch due to Pakistan’s poor credit rating
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Indian startups struggle as funding crunch bites
Startups may end up raising less than $10 billion this year
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Govt, donors discuss steps to fight food insecurity
Meeting told nearly 48% of households lost cereal stock in floods
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REER index goes down by 1%
Drops to 85.6 in March 2023 compared to 86.48 in February 2023
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CAD achieves surplus of $654 million in March
Comes after gap of 28 months, and is significantly higher than expected surplus of $200-300 million
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Travel industry struggles as airlines relocate transaction operations
Businessmen say thousands could be unemployed if agents can’t continue operations
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China’s BRI not a ‘debt trap’: Ahsan Iqbal
Says negative perception concocted to spread propaganda
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Govt borrows Rs599b via T-bills auction
Raises debt well below Rs1tr target; rupee remains stable
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Oil holds steady on strong China data
Market pressured by Iraq taking steps towards resuming northern oil exports
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G7 to push for global fossil fuel phaseout deal
UN associate warns of possible hurdles in way of the pledge
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Banks to post profit for third quarter
It is attributed to surge in policy rate, investment in govt debt
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Rupee makes surprising recovery
Hits two-and-a-half week high at Rs283.90 against the US dollar
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NEPRA cuts tariff by less than one paisa
Notes expensive plants were run to generate electricity in Feb
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Uzbek envoy agrees on removing trade barriers
Qamar declares his full support for the ambassador in drive to explore new avenues of mutual investment
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Pak Suzuki Motor reports highest quarterly loss
Registers Rs12.9b loss in Jan-Mar, caused by lower sales and high finance cost
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Wheat output increases by 1.6%
Total output is estimated at 26.81m tonnes during the Rabi season 2022-23
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‘Digitisation of power sector should focus on transmission’
Experts say out-of-the-box thinking required to escape energy dependency
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Govt shares with IMF plan to secure $3b
Informs lender about its plan to secure a $450 million worth support loan from RISE-II budget
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‘Economy is on the brink of collapse’
Experts say urgent focus is required on increasing exports, decreasing spending