Business

IFS aims to reduce operating costs, improve competition and services

Makes insufficient investment in exploration, development activities

Directed HEC, universities to increase number of IT professionals

Researcher says govt could collect additional Rs12-36b with tax on banks’ FX income

Fall $245m in week ended Dec 30 owing to external debt repayment

Almost 90% of scarcity is due to hoarding of the greenback, says FBR official

Currency free fall, high financing needs take debt to unprecedented highs

Forex reserves slips to a dangerous level of $4.5 billion

Govt approves 11 projects including those aimed at flood rehabilitation and luring urban and rural voters

Alvi says foreign companies are welcome to invest in country’s fast-growing IT sector

IT ministry blames SBP for ban on import of cables and machinery

A year after iPhone maker hit $3tr market capitalisation

Industry faces risk of collapse owing to dearth of imported raw material

Insists stocks are satisfactory but provinces are not releasing

Price touches new all-time high at Rs188,600 per tola

Data shows foreigners sold equities worth $57b last year

Domestic sales posted decline of 16.77%, while exports declined by 48.86%

Gap contracts following import compression amid thin forex reserves

Dar vows to raise money through sale of assets; term PTI white paper deceptive

Importers look for better industrial conditions before entering into contracts

Industries need to import raw material to produce goods for export

Power generation by project will commence by end of 2026

Gives directives for acquiring Rs50b loan for PSO on back of sovereign guarantee

Surging Covid in China disrupts factory production, weighs on demand

Analysts attribute depreciation to low foreign currency reserves

Power Division says committees cannot interfere in govt’s affairs

All three nominations are serving in the Ministry of Finance

Dollar remains firm as IMF forecasts global recession in 2023

Taxes raised on petroleum, crude oil and aviation turbine fuel

Recommended the energy ministry conduct an inquiry against company via FIA, NAB

Transmission firm seeks NEPRA’s nod for Rs369b capital injection

Company resumes operations amid high demand for diesel in wheat sowing season

IMF’s Georgieva warns that US, Europe and China are slowing down simultaneously

Delegation of companies will go abroad to meet expatriates

Currency seen dropping to between Rs250-270 by June 30

It may require electricity market where price is determined by forces of demand and supply

CPEC can help to revive economy through agri-development and industrialisation

Poor access to finance, excess regulations and bad taxation system are factors constraining export sector

Pakistan needs to remove export barriers to break vicious cycle

International partners will not like such a situation due to security implications

Exclusive interview: Former finance minister shares his thoughts on Pakistan’s economic future

Better tax collection, increased payments by energy producers helped lower shortfall

Country is preparing for incoming global financial shocks

Worries over persistent inflation hurt prospects for 2023 rebound

Benchmark KSE-100 index rises by 751.25 points to settle at 40,420

Businessmen see potential for growth, export in sector

Available for those registered with BISP, whose poverty index is equal to or below PMT-32

Lagarde says wages increasing quicker than expected

Fund inflows in Oct-Dec represent lowest level since first quarter of 2020

Introducing bar-codes for food products not in provincial jurisdiction, says BoI