Business

Significant improvement from the CAD of $640 million recorded in April last year

Posts slight increase of Rs0.01, settling at Rs284.96 against the greenback

With financing, work on stalled Jamshoro project will kick-start

Commission seeks tax on banking transactions, elimination of hard dollar

Officials say steps aimed at energy and exports aiding Moscow’s war effort

The repayment will now be spread over six years, with a one-year grace period, in semi-annual instalments

Touches one-week high at Rs284.96 against greenback

It will facilitate cross-border trade by eliminating paper-based processes

Petroleum Division failed to respond to queries, causing delay in approval of refinery policy

US dollar-denominated bonds climbed 73bps to 106.37% in global markets

Business leaders say up to 50% export orders shifted to regional competitors due to uncertainties

Pace of contraction doubles as implications of import curbs unfold

Utilisation rates, already low at 50-70%, may decline further if operations cut back

Future currency stability and economic security lie in growing IT exports

Slowdown in exports, imports signals ominous challenges ahead for policymakers

Solar has great future as fossil fuels may be substantially reduced beyond 2050

Security implications of climate change are largely absent from Pakistan’s policy, action plans

No truth to reports that IMF is asking Pakistan to raise $8 billion in fresh financing, says resident representative

FPCCI urges govt to consult with stakeholders vis-à-vis federal budget for 2023-24

Britain says showdown over US debt posed very serious threat to global economy

Japan’s finance minister vows to address regulatory gaps in the banking system

Exports can play key role in achieving $10b target

KSE-100 index dips 754 points, or 1.8%, and settles at 41,488

90% more than this fiscal year’s original budget set aside for interest payments

Bank borrowing on rise since IMF barred govt from taking loans directly from SBP

Call for unity emphasises the need for a cohesive and concerted effort to address the economic challenges at hand.

Govt has appointed fourth KPT chairman on deputation

Financing from domestic banks will help repay maturing debt, meet expenses

Malpass points out rising rates, high debt choking investments

Global body asks govt to carefully exercise powers to restrict internet services

Oil prices fell as market balanced supply fears against renewed economic concerns

Qamar says steps afoot to promote ease of doing business

Increases demand for additional financing to ensure debt repayment

Washington pushing for targeted controls on investment to China

New line to connect 1,320MW SECL Thar coal plant to Matiari converter station

Energy ministry had demanded Rs1.54 trillion - 70% more than this year’s revised budget

Vulnerable to fake recruiters, South Asian migrants stranded without work for months

Pakistan’s business community has already been suffering due to a ban on imports, including raw materials

LCCI for shifting focus to SMEs, which account for 90% of industries

New system is expected to boost stock market, attract investment

Slump due to mobile broadband suspension, lower footfall at stores

PAMA reports car sales of only 4,500 units, down 52% MoM and 80% YoY

SBP cites external debt repayment as reason for decrease

Overseas Pakistanis sent home $2.21 billion in April

Predicts net profit will grow 32% to record $2.59 billion

Industry leaders call upon PM to restore services, say effect on economy is quantifiable

Currency melts around 3% to Rs298.93 vs dollar; market expects swift recovery

Islamabad targets imports of up to 100,000 bpd

Low-cost carrier was plunged into financial crisis due to faulty engines controversy

Report suggests FBR may again rely on limited number of taxpayers to meet goal