Business

KSE-100 index dips 754 points, or 1.8%, and settles at 41,488

90% more than this fiscal year’s original budget set aside for interest payments

Bank borrowing on rise since IMF barred govt from taking loans directly from SBP

Call for unity emphasises the need for a cohesive and concerted effort to address the economic challenges at hand.

Govt has appointed fourth KPT chairman on deputation

Financing from domestic banks will help repay maturing debt, meet expenses

Malpass points out rising rates, high debt choking investments

Global body asks govt to carefully exercise powers to restrict internet services

Oil prices fell as market balanced supply fears against renewed economic concerns

Qamar says steps afoot to promote ease of doing business

Increases demand for additional financing to ensure debt repayment

Washington pushing for targeted controls on investment to China

New line to connect 1,320MW SECL Thar coal plant to Matiari converter station

Energy ministry had demanded Rs1.54 trillion - 70% more than this year’s revised budget

Vulnerable to fake recruiters, South Asian migrants stranded without work for months

Pakistan’s business community has already been suffering due to a ban on imports, including raw materials

LCCI for shifting focus to SMEs, which account for 90% of industries

New system is expected to boost stock market, attract investment

Slump due to mobile broadband suspension, lower footfall at stores

PAMA reports car sales of only 4,500 units, down 52% MoM and 80% YoY

SBP cites external debt repayment as reason for decrease

Overseas Pakistanis sent home $2.21 billion in April

Predicts net profit will grow 32% to record $2.59 billion

Industry leaders call upon PM to restore services, say effect on economy is quantifiable

Currency melts around 3% to Rs298.93 vs dollar; market expects swift recovery

Islamabad targets imports of up to 100,000 bpd

Low-cost carrier was plunged into financial crisis due to faulty engines controversy

Report suggests FBR may again rely on limited number of taxpayers to meet goal

Discusses role of vegetable oils in achieving UN SDGs

ECAP data shows the rupee has fallen Rs7 to Rs297/$ at the open market

Saudi oil giant’s net profit was 3.75% higher than in the fourth quarter

State petroleum minister, US officials discuss ways to enhance energy productivity

Says IT ministry has set 100% growth target for exports

Commercial counsellor attributes growth to strong manufacturing capability

Dealers say 35% of diesel sold in country has reached markets illegally

PFVA demands Rs3b for research to increase crop yield, produce quality fruits

Circular debt has been piling up for years and has now crossed a staggering Rs1.6 trillion

Rupee drops to Rs284.84 vs dollar while gold surges to Rs230,100 per tola as Khan arrested

Finance ministry rules out default, says $3.7b will be repaid in two months

Urge govt to simplify policy to encourage exporters, fetch foreign exchange

Aviation regulator orders airline to stop issuing new tickets

It comes despite commitments to net zero carbon emissions

Secretary says economic situation demands active participation of women

Says high taxes hurting growth, capital formation

Recommends 8% WHT as high taxes threaten digitalisation drive

Hits all-time high at Rs226,900 per tola partially due to rupee fall

Petroleum Division writes letter to interior ministry and FBR, seeks action

Asks board member to persuade IMF management to resume programme

Idea of reforming state-owned units has taken precedence over will to privatise

ADB says country needs to install 25,000 charging stations to support adoption of EVs