Business

Move will swiftly help reduce gap between rupee-dollar exchange rates

Govt says rates reduced to provide relief to consumers

Inflationary pressures to persist; reading may range from 34-36%, says ministry

SBP marks amount as lien if realised even a single day late from due date

Says measures will be taken to enhance industrial growth, boost exports

Trace and Track System will help FBR curb influx of illicit cigarettes

Underestimations can render budget unrealistic, lead to cost overruns

Maritime Affairs Division not in favour of waiving public procurement rules

Debt deadline coincides with June 4 meeting of OPEC+

Finance minister against indulging in blame game

Gap in exchange rate between interbank and open market has widened to record Rs27

Aims to meet growing consumer demand for aluminium cans

Looming default can spark shortages of food, medicines, and fuel, as Pakistanis face devastating consequences

Number of transactions via e-banking increased 4.3%, reaching 535 million

Private sector will be free to set up such plants, notify consumer tariff

SECP, AAOIFI sign MoU to support development of Islamic banking industry

KSE-100 index rises 375.52 points, settles at 41,340.06

It’s hard to break 'seth'-oriented culture that demands impressing bosses

RRMC proposals only reflect immediate needs of a govt in crisis, not much else

Now, 59% of global currency reserves are in US dollars, down from three quarters earlier

Pakistan passes budget in haste as debate continues for only 10-15 days

Government is left with limited choices

We will not do the 9th and 10 review together as it would not work for Pakistan, says finance minister

SDPI director says economic mismanagement cannot be ignored

Buyers interested in Pakistan’s GSP Plus status for future sourcing

Ministry stresses sustainable growth will be achieved under rigorous reforms

It will provide currency guarantees to investors in poorer countries

KSE-100 index drops 635 points, or 1.53%, and settles at 40,964

PFMA says hoarders stockpile wheat during procurement drive, exacerbating shortage concerns

Without deal, US could face calamitous default

Centre may be forced to release billions in grants to cover subsidy cost

They gave presentation on global and domestic scenarios relating to the LNG supply chain

Huge chunk flows via illegal networks due to attractive exchange rates

Foresees significant growth in mobile data consumption in next 5 years

KSE-100 index loses 65.14 points, settles at 40,964.54

Exchange losses coupled with surging expenses causes much losses than expected

Businessmen urge govt to develop new varieties to compete globally, boost exports

US envoy says investment will help strengthen Pakistan’s climate resilience

In inter-bank, rupee maintains uptrend

Pakistan forced to import RLNG at $13.40/ mmbtu despite global spot prices being lower

DISCOs fear low recovery as consumers lose ability to pay due to financial constraint

Says despite challenges, govt will provide support to all export sectors

Ratio hits a new low at 13.5% of GDP indicating a decline in investor interest

High electricity cost, rent force small companies to relocate to low-rent areas

Minister urges body to submit plan for establishing warehouses in EU, Saudi Arabia

Gulf state becomes key trade hub after sanctions cut traditional routes

IEA says yearly investment in renewable energy up by nearly a quarter since 2021

High inflation, weakened demand result in 4.5% contraction in services sector

Says duty rise fuels illegal trade, exacerbates govt’s fiscal woes

Gains half percentage point as govt tightens control over economy