Business

CCOE may allow oil refineries to spend deemed duty on upgrading plants

Add $369m in past two weeks, reach $3.26 billion

Margins of major companies shrank mainly due to high input costs

Direct borrowing from commercial banks will result in annual income tax loss of billions, compromise transparency

SBP expected to receive financing in current week

Minister says all measures taken to clinch agreement, unfreeze $6.5b credit line

Initiative will empower rural communities with access to digital services

DISCOs filed petition for recovery of Rs17.39b from electricity consumers

Public hearing of company’s petition to be held on Feb 28

Ishrat Husain says social remittances can contribute to increasing market productivity

SBP deputy governor says supporting govt’s growth policies comes at third place

Pakistan’s total liquid foreign reserves stand at $8.726 billion

Move comes as national carrier fails to pay taxes worth Rs2.86b

Both sides agree to continue deliberations

Rupee resumes winning streak after one-day halt

Expert points out IT service exporters remitting money via unofficial channels

Indicate establishment of centre to help control pests

In 2022, global energy industry released some 135 million tonnes of methane

Official says subsidiary will help develop real-estate business, increase earnings

Drops 0.24% to Rs262.51 against the US dollar

Recommends tax application to all entities based on profit levels

PDL to be imposed to bridge gap of Rs175 billion in revenue collection

Govt raises FED rate up to 154%, but lifts minimum retail price threshold by only 35%

Electricity supply woes to worsen in 2023 as weak currencies dent import capacity

Meeting to be held in Washington DC after eight years

It comes despite ease of doing business challenges, high cost: IT ministry

Urge carmakers to reduce prices as rupee strengthens against greenback

Saudi energy minister says he remained cautious on Chinese demand forecasts

Retail sector urges govt to relax 8:30pm shutdown orders during Ramazan

Urges govt to expand tax net instead of introducing new taxes

Gains 0.36% to three-week high at Rs261.88 to a dollar

Additional duty on consumer goods will stay till Mar-end to discourage imports

Decline is due to a 38% year-on-year drop in total imports in January 2023

Deficit falls to $242 million mainly due to a drop in imports

Over 11,000 tons of copper will be extracted and processed daily

Crisis underscores need for ample fuel supplies, preparing for unforeseen events

Brief period of relief may not end Pakistan’s long-term financial woes

We can agree to disagree here, but foreign reserves are as true of an indicator as the stock market

Our credibility is seriously compromised due to repeated violation of agreements

IFIs trap and exploit developing countries, but put blame on others

Cooking oil, baby milk, diapers, shampoo become dearer

Scrutiny delayed as Programme Management Unit could not be made functional

Transformation on scientific lines will trigger export-led growth

Minister, Chinese team discussed cooperation in energy, health and technical training

Pakistan must seek extension of facility to qualify for another tenure

Import allowed under certain conditions with effect from February 22

Project aims to build skilled labour in Pakistan, says envoy to China

Step taken over alleged corruption; board will make final decision after review

KSE-100 index drops by 623 points, or 1.49%, at 41,119

The Rs2.5 billion centre will accommodate 2,000 students, 50 companies