Business

World's most popular crypto asset took heavy knock from news that lending platform Celsius Network paused withdrawals

In May, Indian refiners received about 819,000 barrels per day (bpd) Russian oil

Cryptocurrency touched 18-month low at $23,300

Downward trend observed following delays in IMF bailout package; stocks fall by over 700 points

Most glaring example of unsound fiscal management is primary deficit

It is primarily entry back to IMF programme that is good for economy, investor confidence

Pakistan lacks waste management infrastructure that causes environmental problems

Govt in difficult situation since it will have to pay $21b to international creditors

This clean energy is a solution promising self-sufficiency, but it is land intensive

Former finance minister fears 20m people will fall below poverty line

Record fuel costs driving rising inflation, causing headache for President Biden

Deal with Equinor, Shell will bring closer construction of $30b terminal

Farmers slam increase in sales tax on fertiliser from 2% to 10% in Finance Bill

It comes despite South Korea truckers’ strike that hit ports, industrial giants

Denounce free trade’s role in global food security crisis

Underreports borrowing by $7b by excluding IMF, some Chinese loans

Benchmark KSE-100 index crossed 42,000 mark, closed week in green zone

Most of funds allocated for road projects along CPEC’s western alignment

Businessmen demand restoration of incentives, review of proposed levies

Rising population, climate change put water resources under immense stress

Miftah says government is also speaking to Doha about a new five-or 10-year LNG supply deal for three monthly cargos

Purpose of the IMF-backed bank is to develop international trade

Business community representative agrees to close wedding halls by 11pm

Benchmark index gains 278.77 points to settle at 42,014.73

Stakeholders express optimism about measures taken for agriculture sector

Govt raises tax on purchase of more than 1,600cc vehicles, causing negative impact on carmakers

Ismail says banking sector has earned windfall profits from risk-free investment in govt securities

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