Business

FM raises issue with Miftah; writes letter to PM on exclusion of Foreign Service from 150% executive allowance

Russia’s Gazprom said it would cut daily gas deliveries to Europe via the Nord Stream pipeline

Russia cuts gas supply to Europe through major pipeline

The cuts could be made binding in a supply emergency

Envoy for exploring trade avenues in light engineering, surgical and sports goods

Will disburse funds against approved applications on or before June 30, 2022

Meeting reviews preparation for 11th JCC huddle expected next month

Levying of the sales tax was announced in the recent budget as agreed by the Federal Board of Revenue

Slow growth, high inflation in trading partners will have implications for Pakistan

Hybrid rice from China replaces some backward local varieties

Wants to reap maximum benefits by prioritising IT sector

Analysts attribute currency volatility to political uncertainty

Carmaker earns Rs658 million in April-June quarter

Urge FBR to revise minimum tax slab to save small traders

“Recession is knocking on the door. That can no longer be ruled out,” said Ifo surveys head Klaus Wohlrabe

Industry facing worst crisis in history due to dollarisation

Pakistan borrowed funds largely to repay maturing foreign debt, finance imports

Group discusses potential of trade, economic cooperation

Governor says Pakistan is facing economic hardship, but situation is under control

Some members suggest buying commodity from domestic market

Currency touches new historic low at Rs229.88 against dollar

Suggest rupee-dollar rate can be fixed for 15 days to shield economy

Company’s Sonata 2.0 will now cost Rs7.899 million

Around 1,000 mmcfd can be imported under long-term contracts with Qatar and Eni

Pakistan fails to make serious efforts to attract sizeable investment from G7

Jump in trade deficit has weighed heavily on current account, forex reserves and rupee

It is joint responsibility of communities, forest dept to take preemptive steps to protect natural asset

Pakistan overemphasises on taxes which weakens state’s financial health

US currency stands near 20-year high against basket of its peers

Sets economic growth target of 5.5% for 2022

Bloc seeking additional supplies from Nigeria

T-Mobile disclosed the data breach last August

Global investors have turned their attention to the Chinese developer’s cash flow problems

That would mark a milestone in China’s ambitions to climb up the manufacturing supply chain

Benchmark KSE-100 index drops 1,998 points to settle at 40,077

New chief executive will take over from September 1

Members oppose supply to fertiliser plant, say provinces should be given preference

Tie-up creates heavyweight, posing challenge to top player in Spain

Export units in SITE facing shutdown as gas pressure remains zero

Businessmen asked to tap Amazon platform to achieve better growth

Country expects oil price to decrease to $75 in global market

Govt is promoting exports by tapping new markets, resolving business issues

Data reveals shipments cross $1.9 billion in Jan-Jun 2022

He said the government would also ask banks to reduce the interest rate they were charging

European bloc allows Russian oil shipments to third countries

Increases capital gains tax to 15% on sale of shares within one year of purchase

Slowdown, however, started emerging on back of higher financing rates

Market talk suggests currency has recorded largest drop this week since 1998

Finance ministry increases levy on LPG in budget to collect Rs8b in FY23

ADB report says economy to make slight recovery in FY2022-23