Business

Worrying stats pose significant threat to sector’s future expansion

FBR reluctant, suggests reviving 10% tax on undistributed reserves

Main cause of low disbursements is govt’s delay in reaching a deal with IMF

New secretary will face challenge of opening public purse, ensuring fiscal discipline

Estimated to drop from 1.8 million metric tonnes to 1.44 million metric tonnes

Central bank cites debt repayment as reason for decrease

Stresses need to utilise potential across all sectors to overcome ongoing economic crisis

Says rupee devaluation generated Rs1.5tr bonanza for exporters

By the end of 2022, CPEC had created 236,000 jobs, of which 155,000 went to Pakistani workers

Suffer huge losses in export of furnace oil as domestic demand dips

Currency driven down by slowing dollar inflows, political turmoil

Nepra says outage caused by NTDC failure to complete the dedicated transmission line

Will irrigate additional 30,000 acres of land

Pakistan’s dairy product exports expected to reach $10 billion

Aim to engage key state actors, including COAS and top politicians, within a week

Regional banks provided some lift amid concerns of a liquidity crisis

Proposes an overhaul of the real estate taxation system ahead of the budget

Eyes smooth transition to 60% renewable energy goal in next seven years

Currency moves in response to conflicting reports about IMF programme

Warns that by October, Pakistan will have less than $2b in foreign exchange

They sign deal to build Iranian railway line as part of North-South Corridor

Time, it seems, is running out for the US dollar’s global hegemony

Of these, Rs1 billion will go to MNAs’ schemes ahead of general elections

Businesses say decrease is a welcome sign, citizens believe the cut is not sufficient

Calls Pakistan one of highest taxed telecom markets globally

PALSP says nearly 500,000MT smuggled annually resulting in losses of Rs25 billion

RRMC recommends incorporating super tax into Income Tax Ordinance

Successful capping will help advance the construction of power station under CPEC

Significant improvement from the CAD of $640 million recorded in April last year

Posts slight increase of Rs0.01, settling at Rs284.96 against the greenback

With financing, work on stalled Jamshoro project will kick-start

Commission seeks tax on banking transactions, elimination of hard dollar

Officials say steps aimed at energy and exports aiding Moscow’s war effort

The repayment will now be spread over six years, with a one-year grace period, in semi-annual instalments

Touches one-week high at Rs284.96 against greenback

It will facilitate cross-border trade by eliminating paper-based processes

Petroleum Division failed to respond to queries, causing delay in approval of refinery policy

US dollar-denominated bonds climbed 73bps to 106.37% in global markets

Business leaders say up to 50% export orders shifted to regional competitors due to uncertainties

Pace of contraction doubles as implications of import curbs unfold

Utilisation rates, already low at 50-70%, may decline further if operations cut back

Future currency stability and economic security lie in growing IT exports

Slowdown in exports, imports signals ominous challenges ahead for policymakers

Solar has great future as fossil fuels may be substantially reduced beyond 2050

Security implications of climate change are largely absent from Pakistan’s policy, action plans

No truth to reports that IMF is asking Pakistan to raise $8 billion in fresh financing, says resident representative

FPCCI urges govt to consult with stakeholders vis-à-vis federal budget for 2023-24

Britain says showdown over US debt posed very serious threat to global economy

Japan’s finance minister vows to address regulatory gaps in the banking system

Exports can play key role in achieving $10b target