Business

The government should provide support to the private sector

US West Texas Intermediate (WTI) crude gained $3.02

EU plans for life without Russian gas amid inflation spike

Conglomerate CEO calls for resolving issues that will change energy landscape

Country’s reliance on LNG growing due to natural gas shortage

Cabinet committee deliberated modalities for govt-to-govt commercial transactions

Aims to push down cost of bank financing to government

Petroleum Division seeks approval for handing over Eni control to PIOGCL

EU mission head says Pakistan has to show tangible results by Oct

Consumers will pay Rs10.16b to utility under fuel cost adjustment for April

Inflow helps improve foreign exchange reserves to over $10b

It is necessary to take early decisions on all the proposals

Govt caves into IMF demand, sets income tax rate of 2.5% for those earning up to Rs100,000 a month and 35% on Rs1m

Will include people who do not stay in foreign country for six months in tax net

Central bank expects reserves to rise on realisation of CDB loan

Makes price increase request under fuel cost adjustment for May 2022

Declares visa issues of businessmen will be resolved soon

Urges government to reconsider decision of closing markets early to curtail electricity consumption

Currency closes at Rs207.23 against dollar as exporters sell $150m

SBP report says non-performing loans of banks rise 3.8% in 2021

Investors fear recession as banks raise interest rates

Billions of dollars allocated for mega projects in Balochistan

Miftah expresses resolve to provide maximum relief to people from continuously rising prices, especially the poor

Value-added textile exporters feel financial strain, fear bankruptcy

It will help strengthen such businesses, reduce poverty

Currency shows some signs of resistance after IMF approval of budget

Average revenue per user falls to around $1 with surge in business cost

State Bank will award five licences to financial institutions soon

Electricity price goes up by 57 paisa per unit that will be recovered over 3 months

Govt raised Rs155b by selling three to 10-year bonds

Assures refiners SBP will pay for oil imports if LCs’ issue worsens

Businessmen say it will discourage SMEs from registering under sales tax regime

SBP says foreign exchange reserves are at around $9 billion and 'all usable for all purposes'

Companies struggle to refill storage to avoid deeper trouble in winter

Switzerland received 3.1 tonnes of gold worth around $200 million from Russia in May

Supplies remain tight owing to sanctions on Russian oil

Business team acknowledges Pakistan has capacity to raise exports to Saudi Arabia

Finance minister says inflow is expected within a couple of days, thanks the Chinese govt for facilitating transaction

They hope for receiving good number of orders at German fairs

Despite Covid-19, bilateral trade has increased significantly

Insists banks have sufficient liquidity for making import payments

He stressed that the government would consider their proposals for the economic betterment of the country

Alvi in his decision held that the pensioner’s hard-earned income constitutes a fundamental right to livelihood

Manufacturers should not take advantage of “market dominance” to bully airlines

IMF loan agreement will push global banks to endorse LCs for oil import

Report says rupee becomes worst performing currency in Asia

Raw material for industry depleting due to restrictions on LC opening

IT ministry has invested $1 billion to support such initiatives

Assures industry players he will take up issues with federal govt

Company will ship 50,000 tons of cement to US per month