Business

Benchmark KSE-100 index sheds 518.13 points to settle at 42,237.91

Also withdraws condition that Pakistan cannot use proceeds of $2.3b commercial loan

Minister emphasises govt striving to turn around economy

PBS attributes highest pace in 2.5 years to exponential growth in prices of perishable food and transport groups

PRA collected Rs14.22 billion during May 2022

POL price hiked by Rs30; power tariff Rs7.9

Insists relief in duties on raw goods will give boost to exports

Envoy says top Chinese dairy enterprises keen to make investment

The rupee had been on the downtrend since hitting 22-month high

Businessmen stress economic diplomacy key to getting fruitful results

Move aimed at accommodating projects of ruling coalition in budget

Deputy finance chief says Pakistan facing critical time, should change course

Global report calls it significant amount that can be used to improve living standards

Company official says expensive electricity production is no more viable

Country rep says wide-ranging steps to repair macroeconomic stability needed

Dilawar Syed says huge potential for partnership with Pakistan

Demands end to unchecked budget subsidies for exporters

Terms Shariah court’s ruling for conversion step in the right direction

The meeting discussed matters related to IT exports and financial incentives for the IT

Say duty relief will give fresh boost to fibre use in textile industry

Auto firm chief terms HEVs immediate solution to forex outflow

Foreign banks refuse to accept LCs for oil import by Pakistani firms

Faces challenge of collecting Rs750b in June to meet annual target

Dealers seek 50% reduction in poor man’s fuel

PM’s visit to Ankara expected to further cement bilateral ties

Rupee closed at an all-time low at Rs202.01

Benchmark KSE-100 index adds 38 points to settle at 43,078.14

IMF seeks further adjustment to budget gap; discussions will begin this week

Rise said to be in phases from July 1; move in line with IMF demand, power companies’ request

Wall Street provided a strong lead and snapped a series of weekly losses

PM gives directive to save power producers from default, open revolving fund

The SECP chairman also recommended tax incentives for companies

PM Sharif spoke to the engineers and workers at the project site during the visit

Gets support from expected EU deal to ban Russian oil imports

Pakistan needs to look at China to boost production of the fruit

Production target has been fixed at 11m bales for current season

Gives proposal for increase in advance tax in upcoming budget

Four-decade-old firm suspends operations due to increase in RLNG, other costs

Hits new one-week high at Rs199.06 in inter-bank market

Litigation hampers inflow of foreign investment, E&P activities

Benchmark KSE-100 index adds 178.69 points to settle at 43,040.14

Govt needs to deregulate oil market where refiners, OMCs could compete freely

Every govt has struggled to bridge the gaps but has failed miserably

Many properties cannot be leased as they don’t have completion certificate

Ban on ‘luxury’ goods a populist move that will not significantly cut imports

Conservative analysts believe crude oil price can go beyond $150 next year

Finance minister says govt not mulling acquiring debt from global market, banks

Sources say there’s pressure for immediate privatisation of power plants

Rs700b to be reserved for federal uplift schemes, Rs1.58tr for defence

Bourse makes U-shaped recovery, but still closes week with fall of 239 points