Business

Plan to develop a domestic EV manufacturing industry

Karachi reports highest youth unemployment rate of 11.2%

Records MoM recovery of 19%, staggering decline of 77% YoY

Says withdrawal will worsen BoP crisis, result in loss of $10b in exports

Depreciates 0.24% to Rs287.60 vs dollar

Central bank keeps policy rate unchanged at record high of 21%

Dar informs Chinese envoy about thin prospects of reviving IMF programme

Govt must withdraw super tax which will help raise capital for businesses

Discounted Russian crude oil arranged under a new deal struck between Islamabad and Moscow arrived on Sunday

'Inflation peaked at 38% in May, expected to decline June onwards'

CPEC project achieves hoisting of last rotor

It must be complemented by measures like opening new routes, FTAs

There is logical sequence to pass through first four alphabets before reaching 5 Es

In absence of profitable opportunity in real estate, capitalists speculate in commodities

Budget is elementary at best and does not reinvent the wheel

Proposes Rs2.24 trillion budget outlay with overwhelming deficit of Rs37.79 billion

Proposed budget of Rs18.9b against current year’s Rs16.652b for agriculture engineering

Reserves grew 26% to a 17-month high of $3.5 billion in May

Utilises only 54% of funds allocated in FY23 budget for water projects

PMIC officers, however, had been receiving allowance for the past two months

KSE-100 index rises by 551 points and settles at 41,904

Marks the beginning of road trade under Belt and Road Initiative

Sector manages to achieve substantial progress, despite economic woes

Two ships carrying 50,000 MT each will begin discharge today

Disclosure marks first official acknowledgement about country’s debt quagmire

Dar proposes several tax measures perceived as ‘neutral to negative’ for the stock market

KSE-100 index rises 217.75 points, settles at 41,904.21

Farmers say measures will not improve lives of stakeholders

Experts say govt failed to meet their demands aimed at further boosting industry

Subsidy allocation increased to Rs1.07 trillion for next fiscal year

Experts argue that the govt has chosen to burden the already overtaxed corporate sector

Increasing debt servicing costs raise concerns about fiscal stability, long-term financial health

Aims to achieve tax target of Rs9.2tr, with at least Rs223b in additional taxes

Development budget for FY24 higher by Rs236b compared to outgoing year

Suggestions include increasing govt employees’ salaries by 30%, pensions by 20%

IT exports from July-March reached $1.94 billion, marking the highest share of 35.1% in all services exports

Says devaluation is the mother of all economic problems

Consumption of petroleum products drops 22% to 13m tonnes in Jul-Mar FY23

KSE-100 index drops 456.25 points, settles at 41,686.46

Aggregate damage in the sector amounts to approximately $3.725 billion

Tax breaks 28% higher than last year; these will weaken Pakistan’s case for external loans

Reduces gap to Rs13, settling at Rs300 vs greenback

Discretionary budget of parliamentarians increased by 66% to record-breaking Rs116b

Both sides agree to appoint high-level official to resolve outstanding issues

Says govt cannot generate additional tax revenue in current testing times

It will meet funding needs as foreign loans likely to remain thin

Govt aims to slash poverty to 15% under Pakistan Economic Outlook 2035

Currency dealers under pressure to keep rupee overvalued

NA speaker says country’s food security depends on such initiatives

Export via new trade route to begin this week