Business

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

Local coal supply expected to fall 42m tonnes short of demand

The market has now discounted a lot of the negative news

Farmers will get 50% subsidy on fertilisers, seeds and agri-equipment

The direction was given during a meeting which was chaired by the Secretary Planning

One window for selling commodities online can break vicious cycle for growers

Health insurance booms due to tech adoption, contributing to overall industry

Port Qasim will receive large cranes in early June

Finance ministry says country in vicious cycle of high inflation, currency depreciation

Business body stresses need for import substitution plan

Oil imports during the first 10 months of the current fiscal year (July-April) stood at around $17 billion

Mustafa Nawaz Khokhar says decision to go to IMF should be taken by a government with fresh mandate

Planning ministry issues budget ceilings to dozens of divisions for FY23

OPEC and its allies, a group known as OPEC+, has so far rebuffed western calls for a faster increase in oil production

Appreciates after increase in petroleum prices

Preliminary predictions for 2023 project investment of 130.6 billion crowns

Crops giving estimated yield of 700 tons of dried chillies

Asks them to cash in on business-friendly opportunities

Traders complain about lack of modernisation despite providing tech financing

Fear decision will unleash new wave of inflation, push up production cost

European Union countries are negotiating a deal on Russian oil sanctions

It comes ahead of treasury bills auction slated for next week

Karachi consumers will bear burden of Rs7.8b in electricity bills of June

New rate will safeguard farmers from fertiliser price hike

Silkworm farming can promote import substitution, reduce forex spending

Ministry official says govt will cooperate in promoting exports to region

Asks them to look for investment avenues in different sectors

Finance minister shoots down proposal, also refuses to raise tax on salaried class

Touches intra-day low at 202.9 in inter-bank market

Govt asks finance ministry, SBP to review Bank of China’s proposal

Decrease comes on back of external debt repayment

Says subsidy piling pressure on current account, foreign currency reserves

Decrease comes on back of external debt repayment

Minister claims the team had 'useful and constructive discussions' with the fund

Govt asks finance ministry, SBP to review proposal shared by Bank of China

Expert says rupee will continue to lose ground against dollar till revival of IMF package

Pakistan plans to generate 10,000MW of alternative renewable energy by 2030

A majority of the population was directly or indirectly dependent on the sector

SAARC Chamber for taking immediate measures to bring political stability

Trade between two sides has registered steady growth in recent years

Cooperation with China propels Pakistan’s industry as more brands may set up plants