Business

Rupee increased by 0.25%, or Rs0.70, to Rs283.20 against the US dollar

SBP expected to increase policy rate by 100-200 basis points

Say govt’s apathy pushing industries towards collapse

FBR faces tough task of collecting Rs560b in one week to meet revenue target

PC picks two investors for privatisation of housing finance company

Asks in letter to SBP governor to allow LC opening as mills are running below 50% capacity

LCCI president warns that shortages likely to become prominent in Ramazan if not addressed urgently

Rupee inched up 0.04%, or Rs0.11, to close at Rs283.92 against the US dollar

Businesswomen urged SMEDA to work on strategy

Businessmen urge govt to ensure strict enforcement of IPR laws

Bitcoin has risen 21% this month, while a choppy S&P 500 has lost 1.4% and gold has gained 8%

In absence of legal framework, gas utilities fail to make recoveries

Staff-level agreement will follow once the few remaining points are closed, says IMF’s resident representative

IMF seeks details of mechanism to implement programme

Four-year extended financing arrangement may help Sri Lanka emerge from its worst financial crisis in over 70 years

Total import of electricity will now reach 204MW

Loses 0.82% at Rs284.03 vs dollar in inter-bank

Plans to enforce emission standards for industries, prevent burning of agri-residue

Despite government involvement, wheat yields stagnated to 3 tonnes per hectare

Hearing in this regard will be conducted on March 30, 2023

Reports additional outstanding foreign liabilities of $184m as of December 31

Controlled imports improved CAD but slowed economic activities to a near halt, rendering millions of people jobless

Insists IMF has not attached any condition relating to nuclear capability

Islamabad among nations that have lowest inclusive growth, low access to education, health

True potential of sales tax is at least double the amount collected last fiscal year

In case of price rise, discretionary expenses should be cut, funds directed towards essentials

It becomes critical to form and train cyber force to assist govt in tackling cyber conflict

Borrowing at 9-11% to buy instruments at 20-30% returns is good profitable trade

Makes it mandatory for e-commerce players to accept payments through cards

Spending exceeds government’s net income, highlights need for debt restructuring

Shehbaz announces Rs50 per litre subsidy for low-income strata

Spokesperson says 10,000 teachers being hired

Bank ensnared in turmoil after collapse of two US lenders

Expects Fed to continue tightening monetary policy

Agreement comes after jitters stemmed from Western banks

Invests in mines to bring down cost of battery cells, sell to third party

Businessmen say micro to medium-sized entrepreneurs not taken seriously

Benchmark KSE-100 index drops by 464 points and closes at 41,330

Govt to provide cheaper petrol to bikes, charge big car owners higher prices

Says financial inclusion being enhanced to boost exports

Banks will deduct 2.5% of amount in bank accounts as zakat on 1st Ramazan

Regulations will help power sector become resilient to cyber-attacks, prevent losses

Stand at $1.2b in fifth consecutive month of decline

POL products still account for $11.87b, almost one-third of the overall import bill at $40.11b

Latest gain comes after country received second funding of $500 million from China

Envoy terms transit trade very important, seeks access to Central Asian markets

Phone assemblers using imported material despite tax benefits of Rs46b

Despite large population and sufficient resources, nation slow to adopt AI tech

Yellen made no reference to Credit Suisse situation, which saw its shares plunge

Says SBP business loans offered to women were not even utilised by 5%