Business

Minister says 50% of people will be saved from gas price hike

Weak currency to trigger hyperinflation, push economic growth to negative 1%

Pakistan gets only one-fourth of budget estimate due to delay in IMF’s 9th review

Former financial czar says rulers throw themselves at lender's feet

Tractor makers drew criticism for being ‘non-responsive’, despite getting incentives

Warns that pharmaceutical production in the country will come to a halt

Pakistani foreign minister due to hold talks in Moscow

Gamblers blamed for ‘playing gold market’, causing artificial increase in price

Loadings from Russia’s Baltic ports are set to rise by 50% this month

Says global protocol will increase helmet imports, deprive local manufacturers of opportunity

Guidance of Islamic scholars sought for launching more Sukuk

CDWP reviews projects for food security, health and education

The jump comes as the rupee nosedived to a new all-time low of Rs268.30 against US dollar on Friday

Approves three major changes for export of 250,000 metric tonnes

Ahsan directed provinces to monitor prices, output and supply

Say state institutions fail to fully back IT export initiatives

Says country takes debt to pay debt with no way out

Blame exchange companies for orchestrating ‘dollar racket’

Claims Rs5b in damages for ‘malicious campaign’

Average inflation reading is projected to be 25% for FY23, but will continue to rise

Pakistan’s red chilli project will help lift agriculture sector

After-tax profit rises 82% to Rs810 million in Q3FY23 from Rs445 million last year

KSE-100 index shoots up by 1,061.63 points to close at 40,846.53

Finance czar pins blame for economic crisis on PTI

Country’s reserves slipped to just half a month import cover after making a fresh debt repayment of $500m

Foreign lender mission to arrive next week

The Mohmand Dam project is likely to be complete in its entirety by 2026

Wants to bring investment and expertise to Pakistan

SAP MD says firms not allowed to repatriate profits

It will offer tax exemptions, other incentives for upgrading processing plants

ECC also allocates Rs844 million for renovation of judges’ residences, Supreme Court building

KSE-100 index gains 729.25 points to close at 39,784.90

UAE company has not transferred $799.3m, holds 407.8 million shares

Businesses are bearing the brunt of the foreign exchange shortage

Analysts warn that Pakistan’s economic situation is at risk of following Sri Lanka, says FT report

Sources unclear if EximBank’s debt service relief will be enough for IMF

Says loyal international customers are now reluctant to place orders

Majority of $9.7b pledged during Geneva Conference are repurposed funds

Say waiver of only demurrage, port charges will not make significant difference

Urges govt to sell gas at OGRA’s regulated price

Automaker increases prices in range of Rs115,000 to Rs355,000

With effect from January 25, the rupee will be allowed to depreciate to its actual value against the dollar

The move would help eliminate black currency markets, says ECAP President Malik Bostan

Sharpest YoY drop in the last 10 years, indicates low level of activity in construction sector

Says ships with 100,000 metric tonnes of petrol are at berth

Says implementation of policies for economic growth must be executed

The country is scheduled to make the repayment in the next 72 hours

SBP advised banks to process and release documents of shipments that have already arrived at ports

Some suggest that the govt consider alternatives to IMF

ICCI president suggests both countries enter into free trade agreement