Business

So far, ginning factories have received 2.1m bales this season

PBS data shows prices of 32 commodities go up in outgoing week

Market concerned about global demand growth

Voices hope new minister will be able to avert digital catastrophe

Shamshad Akhtar dissatisfied with tax-to-GDP ratio, calls for raising it to 13%

Pakistan exported goods, services worth $1.15b to Italy in FY23

Currency just Rs3 away from record low of Rs299 per dollar

Will work to swiftly steer state enterprises towards profitability

VC says high business cost poses threat to trade and industry

Such vehicles will reduce carbon emissions, promote eco-friendly transportation

NEPRA probes where billions collected from consumers for installing earthing systems have gone

Attributes decision to reduction in demand from vehicle manufacturers

Rupee stays unchanged at 294.92 vs dollar in inter-bank trade

Shamshad Akhtar, Waqar Masood appointed as nation navigates through economic challenges

SBP cites no reason for increase in reserves

Debt servicing, defence needs consumed 59% more than govt’s net income

Sharp rupee depreciation, petroleum price hike may accelerate pace of inflation

Argues EU countervailing duties are inconsistent with WTO provisions

Chaudhry says Pakistan-US relations improving, need to increase trade by removing obstacles

Bank of Ireland fixes technical issue as social media posts prompt queues at ATMs

Public debt pile grows at pace of 41.7%, reaches Rs62.9 trillion by end of June 2023

Envoy says Pakistan tapping innovative prowess of its vibrant youth

Trade officer says entrepreneurs can become part of kingdom’s booming economy

Became worst performing currency in Asia a day ago

It comes despite large drawdown in US crude stocks

Govt seeking to recover over Rs24 billion from Karachi consumers

Emphasises upon meeting IMF condition on increasing health, education spending

Will reach $629 trillion over next five years, says study

China’s central bank unexpectedly cut rates for the second time in three months

Utilises IPO proceeds for buying 100% shareholding

Envoy says many firms interested in doing business with local counterparts

Ex-PM approved appointment of permanent delegate a day before NA dissolution

Body could not complete final report; its earlier recommendations also ignored

Brent crude futures fell $1.60 to $84.61, while US West Texas Intermediate crude fell $1.83 to $80.68

Currency drops Rs3.02 to Rs291.51 vs dollar in inter-bank market

Dollar index, which tracks currency against its major peers, was up 0.36% to 103.23

ECC approves addition of ancillary services projects to Transmission Line Policy

Yellen says production of critical clean energy inputs is concentrated in a few countries

Steelmaker rejects $7.3b buyout offer but says it will review options

Global investors paying up for good seat in world’s 3rd largest car market

Putin’s economic adviser blames loose policy for tumbling currency

Debt swells due to inefficiency, theft and losses faced by power distribution firms

Brent crude futures were down 63 cents at $86.18 a barrel

Officials say company will increase renewable energy, Thar coal-based production

SBP chief says MPC is autonomous that decides on policy keeping in view inflation, economic conditions

Tax system is state extraction mechanism with large efficiency losses, narrow base and minimal compliance

Country now faces complex equation in managing its energy imports amidst economic pressures

Projections emphasise vital role of painful reforms, external account management

With population and car ownership rising, smog problem will only worsen

Forces of globalisation make it difficult for govt to stem dollar’s appreciation