Business

Experts call for promoting industrialisation, renewable energy sources

Are considered charged expenditures in which NA does not have right to vote

Survey shows export of meat and meat preparation expected to reach $302 million with a quantity of 69,072 tons

Spread between inter-bank, retail markets narrows to Rs5 to a dollar

If approved, KE consumers will bear additional burden of Rs2.78b

Businesspeople propose leveraging remittances in open market

Agreement will replace an interim pact that already provides reduction in customs duties

Share of Shariah-compliant assets and deposits has risen to 20.3% and 22% respectively

Drops 0.02% reaching Rs287.26/$, experts call for long-term measures

Project contributed over 18b units of electricity before blockade

Country achieves $255m surplus in May

It aims to collect Rs12 trillion, a staggering 38% increase from the previous year

Amendments to Pakistan Penal Code sent for cabinet’s nod

Aims to convert banking system to Shariah-based within five years

Govt may miss target of collecting Rs240b in revenue from tobacco sector

Expects to finalise new deal by the end of June 2023

Focus should have been on cutting expenses, broadening tax base

Aim is to boost remittances, promote export-oriented software industry, discourage oil demand

Govt fails to address issues of excessive spending, narrow industrial base

For Pakistan, imported coal is bad recipe, especially with current account deficit, huge price rise

Industry exports witnessed a YoY decline of 20% compared to May 2022

Benchmark KSE-100 index falls 603 points and settles at 41,301

Poised to attract foreign direct investment with attractive incentives

Fuel stations had illicitly installed digital devices in dispensers

In coming years, OPEC countries will not be able to meet demand, says Russian expert

Tehran claims its May crude output surged to above 3 million bpd

Expert calls for setting up solar plate plants in collaboration with China

Digitisation will reduce time, cost of cross-border trade

For the acquisition of a 41% stake with management control for investor, Taj Gasoline

Aims to drive competition away from them in smartphone app payments

Expected to alleviate pressure on cement sector facing a decline of 24% YoY

Retail establishments under pressure which will lead to store closures

Urges govt to resolve policy linking telecom licence fees to US dollar

Dar says similar treatment will be applied to $300m Bank of China loan

Minister says IMF conditionalities will not affect TDS as it was a targeted subsidy

Exchange rate gap between currency markets widens to Rs10

High interest rates, economic uncertainty drive stockbrokers to cancel licences

Regulator slashes tariff by Rs0.05 per unit under April FCA

Sharp drop in goods production sparks doubts about 0.3% economic growth rate

Meat industry can earn additional $15 billion in exports, say experts

Central bank has not provided a specific reason for this increase in reserves

Minister says foreign goods smuggling creating never-ending vicious cycle

Probes allegations over connections with Chinese Communist Party

Former FM says net international reserves have plunged to negative $14b

Says primary obstacle to digital transformation is the leadership

Business people urge Pakistan’s missions abroad to host mango festivals for trade diplomacy

Spread between exchange rates in markets widens

Finance Minister Ishaq Dar says current prices would remain in effect until June 30

Gas purchase from Azerbaijan will help bridge energy shortages

This represents a substantial increase compared to the 11.3% rate observed in FY22