Business

Trade between US and Pakistan reached $9b in 2021

women’s economic empowerment was a key priority of the government

Industry needs prior SBP approval for import of certain goods

Province, however, changed some tax ratios, particularly targeting luxury houses

Banks disbursed Rs1.06tr in July-April FY22, down 1.4% from last year

Also seeks changes to proposals that will cut tax receipts from real estate

Revised tariff will apply to electricity consumers for three months

Amount will be repaid over period of six years

Rupee hits new all-time low at Rs206.46 against US dollar

The Drill Stem Test-1 showed a flow of 1.063 million standard cubic feet per day of gas

Trade between US and Pakistan reached $9b in 2021

FBR chief hints at increasing income tax rates for upper middle income to rich groups

Provincial govt will launch new power policy with focus on solar, hybrid technology

Pakistan’s exports to Italy surge 46% in July-May

Province estimates overall revenue collection of Rs1.67 trillion next year

UK, Germany, US and Japan raised taxation issue with Pakistani authorities

Forex market jittery over conflicting reports about IMF programme

Consumers will bear additional burden of Rs4b due to rise in furnace oil prices

China attaches great importance to strengthening cross-border e-commerce cooperation with overseas markets

Province aims to improve irrigation system with World Bank assistance

Free fall of currency came despite China’s assurance to roll over $2b debt

Rupee continues to depreciate for third consecutive day amid delay in IMF package

Finance czar says failure in increasing the prices would presage ‘destruction’

IMF demands more measures to revive programme

Currency weighed down by rising oil prices, capital outflows in emerging markets

Cryptocurrency touched 18-month low at $22,725

Expert questions how targets of provincial surplus, petroleum levy will be achieved

Shows interest in investing in soybean intercropping technology

Considers alternative days for vehicles on roads based on odd, even numbers

Jawad blamed the oil marketing companies and filling station owners for not supplying diesel to the customers

Govt reduces capital gains tax on shares sold after two years of purchase

On a month-on-month basis, sales remain flat in May 2022

Cabinet members stress need for resolving payment dispute between utilities

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