Business

Gains half percentage point as govt tightens control over economy

Nova Group seeks to enhance the quality of life and enrich the dreams of its residents with affordable luxury living

Says loan programme may not be revived because of ‘restricted time’

Paying 30% more for Turkmen gas than from Russia

PCJCCI emphasises need to diversify mango varieties, produce high-quality fruit

IT minister says AI Policy draft has been uploaded on ministry website for public feedback

Investment aimed at upgrading, growth of refinery

Says militant attack caused slight reduction in per day gas and oil production

Stakeholders say sale volumes plummeted to 45% following imposition of duty on beverages

Additional burden of Rs46.28 billion to be imposed on consumers

ECC gives Rs20b, taking allocation to record Rs111b for lawmakers’ schemes

Flights from Karachi, Lahore to Nanning will primarily transport fruits and seafood

Managing director says WB looking to explore sub-national lending

LPGAP Chairman Irfan Khokhar says Pakistan lacked LPG storages

Hopes to boost industry, trade by establishing business linkages

Iranian president says ‘sanctions and threats will not stop us’

Air concern over 7.5% tax on retained profits; warn of default risks

Broadband services will be provided to masses in far-flung areas

Stresses capital market has potential to tackle structural imbalances

Situation has forced 50% industries to shut down or operate at half their capacity

Currency under pressure due to widening gap between dollar demand, supply

Food prices remain a concern, will register a YoY increase of 47.99% this month

Seeks govt approval to settle dues with India in rupees

Allows for real-time validation of pesticide products and premises during customs clearance

Downtrend has persisted over four days, with currency plummeting 4%

International benchmark Brent crude has fallen to around $75 a barrel from a peak of nearly $140

Attributable to global recession, challenging domestic environment

Sign letter of intent to collaborate on teaching, training and research

Await positive news about IMF loan programme

Focus remains on short-term gains rather than long-term reforms

This is an unprecedented situation in the history of Pakistan

In a highly competitive global landscape, we risk losing to competitors

Hundreds of countries struggling to come out of confused education system

If the dollar loses its status, American capacity to influence global affairs could diminish

NEPRA will conduct hearing on May 31

Anticipates hyperinflation, depreciation and high unemployment ratio

Emphasises on international technical standards for trustworthy AI

Envoy attended 12th China-ASEAN Forum, discussed collaboration in mining sector

First container ship from St Petersburg will reach Karachi Port on May 25

KSE-100 index edges up 112 points, or 0.3%, and settles at 41,599

If OGRA does not enforce the WACOG on time, the gas sector’s circular debt will further increase

Imports of Saudi oil totalled 8.46 million tonnes or 2.06 million bpd

Company blames illicit and smuggled brands, surge in excise duty

Business leaders urge government to collaborate with community ahead of upcoming budget

PBF asks govt to boost economic activities, ensure austerity in public sector

Suggests lower GST on digi-payments to formalise undocumented economy

Envoy says Pakistan’s location can help tap into markets of Central Asia, Middle East

Steps taken to control demand, devastating floods weigh heavily on growth outlook

Net investment in NPCs hits mere $555m in March 2023, compared to total investment of $3.9b

Falls to Rs285.82 in the interbank and Rs301 in the open market