Business

Businesspersons says proactive approach in removing barriers to trade a must

Commodity prices surged due to supply constraints, rupee devaluation

Benchmark KSE-100 index gains 457 points to close at 41,794

Misses World Bank target to increase revenues to 17% of the economy’s size

Rs5.5 trillion to be used to return old maturing debt

Relationship can include liberalising trade, opening up investment avenues

Businessman stresses need for concluding FTA without loss of time

Spike in interest rates led to a sell-off in bonds, leaving banks exposed

Rice industry facing series of challenges amid global headwinds

PAAPAM urges foreign delegation to explore bilateral partnership

Gains Rs1.53 amid optimism over revival of IMF loan

Power companies will recover surcharge in installments over eight months

Non-residents continue to dispatch funds via informal channels

Mostly delayed due to bureaucratic hurdles, weak implementation

Some of Europe's biggest banks saw their shares tumble in their largest decline in nine months

Performance of companies reflects resilience to macro adjustments

Federal ministers and advisers spent Rs67m on domestic, foreign trips in H1

Company hurt by investors rushing to withdraw $8b of deposits

Unexpected fall in crude inventories provides support

Central bank attributes increase to $500m loan from China

Loses 1.13% and reaches Rs282.30 against dollar in inter-bank market

Mari Petroleum says Sachal project will save $600m via LNG substitution

CCP chairperson stresses need for enforcing competition principles

Businessmen urge govt to focus on digital policies, increased remittance inflows

High-profile body against putting more burden on sectors already heavily taxed

SBP gov says CAD will close at $7b this year – $1.2b less than IMF forecast

Held meeting with Senate Finance Committee

KPEZDMC CEO says Chinese companies already establishing industrial units

Attributes closure to LC restrictions, halt to foreign payments

Inflows enhanced by $15m to $125m compared to 26-month low in Jan

Wants to settle some of the outstanding dues of oil marketing company

Analyst says 98% of revenue collected is borne by two companies

Banks also upped cost of financing, indicating possible hike in SBP’s policy rate next month

Opposes decision to raise funds from banks without any public bidding

PALSP says only 30% mills operating as scrap prices paralyse industry

Delegation comprises of 25 of Pakistan’s top IT companies

Will focus on agricultural industry chain, deep processing of products

Reaches nearly Rs55 trillion, with debt burden increasing at the pace of 15%

SHC interim order says one group cannot have two commercial banks at a time

Edges up by 0.02% at Rs277.87 to a dollar in inter-bank

Industry proposes govt to offset losses through inland freight margin

Aim to double cotton output, increase rice exports, control post-harvest losses

Takes fall as investors await US Fed’s decision

Says balance of payments deficit must be fully financed for current fiscal year

Deposit follows joint efforts by Ankara and Riyadh to mend ties

Pakistani envoy urges investors to exploit rich material and incentives

KSE-100 index adds 97.33 points and settles at 41,434.33

Auto industry laying off workers daily due to no production

Shipments contract 28% in backdrop of global, domestic economic slowdown

Additional Rs75b will be recovered between March and June 2023