Business

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

Currency sinks to record low on reports of foreign currency shortage in banks

It will help cope with external shocks, result in inclusive growth

Minister says software firms mulling shifting business to other countries

Modern technology to reshape the fashion industry which encompasses many different small and niche industries

Assures businessmen delegation investment will be fully secure

PSO’s receivables soar to Rs583b as power, gas firms default

Pakistan needs to boost cooperation with China as it has adopted modern methods

Instead of inspiring confidence, healthy 6% growth has generated pessimism

Targets of GDP, exports, remittances and revenue realistic and within reach

Oil firms finding it difficult to import crude oil, petroleum products at high prices

Sees potential in Pakistan to improve olive production, make exports

Senate panel directs FBR to bring legislation in the form of a bill and not through ordinances

Also seeks other measures to bridge gap with IMF by end of month

Eni, Repsol to take Venezuelan crude to settle billions of dollars of unpaid debt

Pakistan highlights lack of dispute settlement, ignorance of rules as challenges

Investors worried about troubles in industry, pullback from riskier assets

EV maker Rivian Automotive Inc has also raised prices on its pickup trucks by 20%

Russia earlier this week limited supplies via the Nord Stream 1 pipeline to around 40% of its capacity

Country exported 840,000 tonnes as companies ran short of quotas

US gross domestic product (GDP) growth to slow to almost zero by the second half of next year

Stress political and economic situation requires efficient budget planning

Benchmark KSE-100 index edges up 126 points at 42,141

Will help millions of high-school students learn essential subjects

Financing will help companies to address challenges, boost growth

Suggest surplus potato can be sold to Moscow in exchange for wheat

Political uncertainty makes investors hesitant who pour only $141.2m in May

Naveena Steel's latest #NayiSoch campaign inspires Pakistanis to think about their choices

JV, first announced in March and named Sony Honda Mobility

US dollar also pressures crude prices as it hits highest level against basket of currencies

Finance ministry withdraws policy from cabinet meeting at eleventh hour

Envoy says Chinese expertise has contributed to increased crop yield, pest control

It was with the aim of fulfilling these expectations and facilitating end-users

Startups have raised $268m investment in first half of 2022

Tax dept has no system to monitor POS terminals, Senate body told

Latest drop came after forex reserves depleted to 34-month lows