Business

Cabinet puts off adoption of standards on request of electric fan manufacturers

It had gained 2.6% to trade at 61.98 versus the euro

German utility group asks for bailout as losses may reach $10.1b

Envoy stresses need for expanding trade with Pakistan beyond traditional goods

Data showed non-farm jobs increased 372,000 in June

Heads for weekly decline on worries about demand downturn

Industrialists disappointed over no decision on resumption of gas supply

KSE-100 index drops 286 points due to persistent delay in resumption of IMF programme

Acquires financing of Rs1.44 trillion in FY22 despite high credit cost

Assures businessmen of strengthening economic diplomacy

Absence of policy on import of waste has resulted in environmental degradation

Six candidates interviewed but no decision could be made due to lack of consensus

FBR changes definition to bring in those people in tax net that stay abroad for over six months in tax year

ECC approves increase to recover Rs660 billion

Brent crude futures up $5.39, or 5.4%, at $106.08 a barrel

Shabbar Zaidi fears total blackout in country if IMF does not revive programme

RCCI president says Pakistan needs quick revival of business and industrial activities to improve the ailing economy

Rupee has depreciated sharply in the wake of delay in revival of the stalled IMF loan programme

Decrease came mainly due to external debt and other payments

Also approves massive hike of Rs9.52 per unit for K-Electric consumers

It demonstrates commitment to providing safe digital space for everyone

Miftah says govt will pass on benefit of declining food, fuel prices to people

Minister says country needs high tax receipts, $30b FDI to become stable economy

Target for FY 2022-23 was set at $3 billion, IT ministry determined to take it up to $15 billion in three-year plan

Imarat Group asks for govt support to bring up to $10b foreign investment

Wheat grain exports were severely curtailed in May to shore up national food reserves

Top court upholds PHC decision, rejects customs’ appeals

Asks Turkmenistan companies to use Pakistan as digital gateway

Miftah said the current trade volume between the two countries was not at the optimal level

Claim industry has suffered $1b loss in exports due to absence of gas

Forum approves uplift projects worth Rs396 billion

Utilisation of local resources will ensure cheap energy generation, help tackle crisis

Stress shortcomings in trade diplomacy should be addressed to facilitate exporters

Minister says country moved in wrong direction, opposes extension of ban

HC counsellor says more investors want to explore Pakistan for investment

Central bank meeting today to announce monetary policy for next 6 weeks

Hits 12-week low as investors concerned over energy demand

Pakistan is expected to receive around $1 billion in the next loan tranche from the IMF

The standard lays out the accounting treatment of classification, measurement of financial instruments

It is biggest daily drop since March amid recession fears

Export surges 47% to $50.3m in January-May 2022

Petroleum Division looks for foolproof mechanism for financial support to firm acquiring Eni assets

Gas marketing company earns Rs3.03b in Jul-Sept 2021 quarter

The project is on the verge of completion and is expected to be minted in July 2022

Call on govt to review decision to save business, people

Country will purchase 500,000 tons of wheat at price of Rs103 per kg

Open market operation signals hike in policy rate in upcoming announcement

Envoy says Pakistan needs to adopt all conventions to stay in GSP Plus

Talk of delay in resumption of IMF loan programme fuelled the decline

Meeting to give extension of utility stores network, supplementary grant of Rs193 billion