Business

Decision will give jolt of Rs42b to new budget

Rupee fall, spectrum price pegged to dollar drive down industry earnings

Recovers 1.17% to Rs226.15 vs dollar amid positive outlook

Expect up to 2m tons of surplus output next season

Decline came due to external debt and other payments

Listing will allow real estate investment trusts to raise financing for projects

Pakistan fails to empower debt office, harmonise sales tax laws and procedures

In new policy, market forces will determine margins of OMCs and refineries

OPEC+ says it will raise oil output target by just 100,000 bpd

Its net profit for the second quarter reached $8.6 billion

President Erdogan vows prices will start falling again at beginning of next year

Believes bilateral trade can be increased to $40 billion

The MoU signing ceremony was held at the chamber house

London nudged higher on the eve of a widely expected half point interest rate hike in Britain

Rate of return inches down to around 14% on long-term bonds

World Bank funding business process automation project

Businessmen emphasise time for bringing export proceeds be reduced to 40 days

Governor hopes currency will touch real value in 2-3 months

Researcher says tea plantation can be promoted through cooperative farming, subsidies

Every 5 MHz sale may fetch around $96m; licence will be for a period of 10 years

Coral Energy won tenders to sell eight fuel oil cargoes to PSO during April-August

It comes after strict curbs on imports that fall over $3 billion in July

Political observers divided over consequences for party

Asks IT ministry to develop dashboard for the purpose

Recovers 0.19% to Rs238.38 after IMF official’s remarks

Industry sold 2.04m tons in July 2022 against 3.89m tons last year

Devaluation of currency, declining sales push oil firm towards liquidity crunch

Manufacturing of auto parts in country to drive prices down

Businesses having majority shareholding by non-resident Pakistanis allowed to invest in govt securities

Finance Minister discusses sales tax, electricity bills with business community

It’s highest increase since October 2008 amid steep fall in rupee’s value against dollar

Consumption declines on back of monsoon rains, sharp rise in prices

Work underway to reduce trade barriers, resolve customs issues

Fuel demand in India typically falls during the four-month monsoon season

A Reuters poll had expected a rate of 4.82%. June’s rate was 4.35%

NEPRA gives licence for setting up solar power plant in Punjab

Factories across US, Europe and Asia struggled for momentum in July

Ink Letter of Intent to create world-class technology ecosystem

China’s Sichuan-Sarwar-Silian-Chongqing Luyang (JV) is the contractor of the project

Conference will take up economic issues, explore the way forward

Move will cause Rs30b dent on national exchequer; smokers will pay more tax

Regains 0.22% to Rs238.84 in inter-bank market

Sales diminishing in urban areas as people look for affordable alternatives

Billions of dollars can be saved if power plants shift from imported to local coal

2030s can demonstrate dramatic shift in Pakistan’s fortunes

Inflation reduction will likely come at expense of large output drop

Investor confidence is at all-time low that cannot be restored with just IMF deal

Govt must steady boat by shoring up FX reserves, stabilising currency market

World's biggest cryptocurrency is up 39.7% from the year's low of $17,592.78

Industry group says shift likely to fuel inflationary pressures