Business

Interest payments likely to rise further as govt borrowing increases

Meagre funds will result in slowdown of work, delay completion of projects

For FY23, Rs699b has been earmarked for subsidies against actual subsidies of Rs1.5tr this year

Benchmark index gains 278.77 points to settle at 42,014.73

Meagre funds will result in slowdown of work, increase in completion period of projects

Central bank cites repayment of external debt for decrease in reserves

Govt to announce budget today

Volume of economy stands at $387b; current account deficit projected at $16b

Fiscal, monetary measures provided incentives to businesses to perform better

Over 16% of investment wiped out as market capitalisation slumped to Rs6.95tr

In FY22 alone, country offered Rs1.7tr tax exemptions to affluent, foreign investors

Expansion of 4.4% driven by high yields, attractive prices, better input availability

Sector is largest net services exporter with exports to 169 countries

Total capacity reached 41,557MW with slight drop in hydel share

Benchmark KSE-100 index gains 182.80 points to settle at 41,735.96

Demand comes before payment of around Rs300b to Chinese power plants

Balochistan fails to nominate tribunal member as it could not meet criteria

Absence of power supply, high gas tariff cause financial crisis for industry

ICCI stresses FDI, exports will shore up foreign currency reserves

Traders expect China’s fuel demand to recover as lockdowns eased

Rate goes up despite inflow of huge liquidity into inter-bank market

Threaten to stop ongoing projects, boycott tenders

One-window portal to be developed to support investors

Move will resolve dispute between distribution firms and FBR

The rupee strengthened against the US dollar at Rs201.52

He shared that Pakistan is aiming at taking the existing bilateral relations to next level especially in economic area

Benchmark KSE-100 index sheds 15.25 points to settle at 41,553.16

Currency stabilises after hitting record low a day earlier

Global lender says subsidies encourage more energy consumption and feed price hike

58% of the budget to be spent only on debt servicing and defence

Industry attributes decline to rupee fall, high energy costs

World Bank President David Malpass said global growth could fall to 2.1% in 2022

At present, women’s participation in Pakistan’s economy stands at 21%

Will boost socio-economic development in Gwadar Port region

Insists if govt allows LNG import, it will provide significantly cheaper fuel

SBP deputy governor expects currency to stabilise after IMF agreement

Textile industry presses govt to immediately restore gas supply to captive power plants

Govt planning to levy 1% tax on overseas payments via credit, debit cards

Grants operator licence to CPPA-G that will promote competition in power market

Regulator will hold public hearing on fuel cost adjustment next week

Forum expresses interest in furthering investment in traditional, non-traditional sectors

Punjab CM aide assures businessmen of resolving issues

Apparently, govt prefers electoral priorities over fiscal prudence

Saudi Arabia raised price for Arab Light crude supply to Asia buyers

Such wheat seeds can be grown on less fertile land, in arid areas

Seeks tax concessions, assistance in capacity development

Insists there should be no duties, tax on primary food

Also mulling increasing additional tax on profits from lending to govt

Talk of freezing foreign currency accounts creates uncertainty in market

Upcoming meeting to discuss, green-light proposals for fixing electricity issues