Business

Central bank attributes decrease to external debt repayments

Demands details of companies involved, pushes for urgent action

FBR says the currency is being hoarded by people in hopes of getting better returns

Inflows may remain $13.8b less than target; trade deficit narrows to $19.6b

Price of gold increases by Rs2,200 per tola (11.66 gram) to Rs207,200

Money to be raised as interest-free debt for a five-year term

SWIT volunteers to raise $2m interest-free loan to help sail country out of financial crisis

Annual impact of ending unequal funds distribution closes in at Rs1.3b

Ministry of planning will give citizens open access to Rs750b PSDP information

PTA says the site failed to remove objectionable content

Blames politically motivated policies for persistent socioeconomic problems

Reaches 1.44 million tonne this January, despite 20% decline compared to Jan 2022

Contemplates shifting its ‘starting point’ from Karachi to Gwadar

Country moves toward deal-or-default endgame as IMF bargains conditions

US-based global research house says ‘rupee devaluation has not ended yet’

Country in need of massive support as economy spirals out of control

Witnesses first recovery in 29 days of 0.65%

Statistics bureau records inflation at 27.55%, highest since May 1975

Rupee fall helps increase tax collection, expects to give overall boost of Rs180b

Company says closure from Feb 1 - 14 is due to inventory shortages

Separately, DISCOs’ tariff to fall by Rs2.32, with combined Rs18.7b relief for consumers

CG points out hurdles being faced by Pakistan’s rice exporters

Expected to go beyond 30% once IMF conditions are implemented

Says recession risks have subsided, central banks are making progress in tackling inflation

Govt prepares plan on unrealistic rupee-dollar exchange rate of Rs232 per dollar and 16.84% KIBOR

Pakistan and Sri Lanka are doing worse economically but have not been able to get final IMF approval

Company says it is shutting down its plant for two weeks due to inventory shortages

Plunges to all-time low near Rs270 against US dollar as gold clinches new high

Govt to ask lender to allow implementation of conditions over longer period

Fall in consumer spending had hit GDP in the final months of the year

Brings total amount of job cuts to 10,000, or around 13% of its current workforce

Strong Russian exports offset ME tension, hopes of higher Chinese demand

SBP directs banks to open foreign currency accounts to retain up to 35% of export proceeds

Received bids for 1.4 million shares of the 45.5 million on offer following Hindenburg controversy

Calls on govt, SBP to resolve LC crisis, ensure industry’s survival

Generation cost of IPPs indexed to US dollar is set to increase due to rupee depreciation

Western powers deploy them as economic, strategic weapons to shift focus

Effectively embedding alternative mechanisms in business practices not possible without regulatory support

Damage has already begun and it is time to shield ourselves from it

Economists Group lags far behind in perks and privileges available to other cadre groups

Biggest cost will be social unrest in context of income and wealth inequality

Govt had raised petrol and diesel prices by Rs35 per litre earlier in the day

Balochistan’s coastal areas will soon receive 100MW of electricity from Iran

It aims to increase gas output for Libyan market and exports

Benchmark KSE-100 index surges by 2,043 points to settle at 40,450

CEO Baumann given a new contract in 2020 that runs until 2024

Bankers may extend sale or cut issue price after Adani shares plunged

Every citizen of Pakistan has Rs216,708 debt burden, blamed on wrong policies

Experts ask govt to lessen reliance on imports, tax undocumented sector

Distributors blame LPG mafia for pushing prices to record high