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Experts urge tax hike on tobacco products
Say increase will reduce economic and health costs of tobacco consumption
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President calls for enhancing honey production
Stresses need for modern beekeeping techniques to improve honey quality
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ECC delays approval of IPPs’ arrears
Power Division sought financing to pay first instalment to power plants
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Govt extends date for mango export
Delay in commencement of shipments due to impact of climate change
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ADB projects 2% economic growth rate for FY2020-21
Says GDP per capita of Pakistan will be negative 0.2% in FY2020-21
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Market watch: Stocks extend losses amid lack of triggers
Benchmark KSE-100 index falls 233.75 points to close at 45,059.12
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Oil steady as rising demand outlook tempered by Covid
OPEC+ decided to stick to plans for phased easing of oil production curbs from May to July
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Tete-a-tete with Jadon Niu – CEO realme Pakistan
CEO Jadon Niu shares his insights on what makes realme the fastest-growing smartphone brand in Pakistan
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Saudi Arabia likely to resume oil supply on deferred payment
In October 2018, Saudi Arabia had announced a $6 billion bailout package for Pakistan’s ailing economy
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WAPDA constructing 8 mega projects
Projects scheduled to be completed one by one from 2022 to 2028-29
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Govt assures K-Electric of support
The chairman briefed the finance minister about operations of K-Electric as the main power utility
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State Bank to offer new schemes to expats
Schemes include car financing for family members of overseas Pakistanis, donations via digital banking
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Pakistan, Japan sign $367m debt relief pacts
Relief comes under phase-I of G20 Debt Service Suspension Initiative
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Arab-Pakistan Business Forum being planned
Platform will provide opportunities of joint ventures and investment
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Governor vows to address gas supply issues
Says provision of two fire tenders was a long-standing demand of the association
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Modernisation of dairy sector stressed
President says modern techniques will help create jobs, fetch foreign exchange
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Housing, construction finance grows rapidly
Portfolio rises from Rs148b in June 2020 to Rs202b in March 2021
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Rupee loses ground, closes at 154.5
Currency has dropped Rs1.75 in past two weeks in inter-bank market
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SBP revises current account deficit
Gap widens to $4.4b due to earlier underreporting of imports, loans for PSE
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Economy to maintain recovery pace
Finance ministry expects inflation reading to remain between 8-9.5% in April
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Copper reaches decade high near $10,000
Strong Chinese demand, tight supplies lend support to price rally
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Pakistan gets debt relief of $370m from Japan
The relief has been provided under G20 debt suspension initiative to help fight Covid-19, says official statement
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Market watch: Bourse turns bearish, falls 390 points
Benchmark KSE-100 index drops 0.85% to close at 45,292.87
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Oil rises towards $66 ahead of OPEC+ meeting
Concern remains over India’s coronavirus crisis that can dent recovery in fuel demand
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Tarin for improving ties with UK
He apprised the high commissioner of the Ehsaas Emergency Cash programme
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Rupee weakens against dollar
The rupee weakened against the US dollar at Rs154.13 in the inter-bank market
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Chinese nationals assured of full security
Ayub, ambassador discuss economic ties, CPEC projects
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Planning Division seeks end to gas subsidy
Says export-oriented sector is already getting energy supply at discounted rates
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Thal setting up Rs1.7b polypropylene bag plant
Investment expected to contribute to national exchequer, job creation
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Apple boosts investment pledge to $430 billion
Plans to add some 20,000 jobs over next five years
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Auto player opposes further government incentives
Says govt should aim for stability in auto sector, rather than offering more concessions
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CDWP approves two projects
Gives go-ahead to Hyderabad-Sukkur motorway to complete missing link
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BOI takes steps to facilitate investment
Asks ICCI to share sector-wise list of issues so efforts can be made to resolve them
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Pakistan, China urged to improve fruit quality
PCJCCI official stresses need for forming research team to put ideas into practice
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Choices for new finance minister
Tarin will do well by cutting down wasteful expenditures, reducing tax rates
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Oil falls on India’s Covid surge, supply increase
Market focused more on India and Japan, where coronavirus cases have risen sharply
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Market watch: Stocks rally on positive economic indicators
Benchmark KSE-100 index jumps 976.01 points to close at 45,682.77
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Buffalo milk export to boost Pakistan’s forex reserves
With better investment climate, Chinese group hopes to set up dairy processing plant in Pakistan
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Challenges and new economic team
New team lacks experts in agriculture, CPEC and knowledge economy
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Defining moment for refining sector
New refinery policy provides opportunity to change course through modernisation
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Synergy with Russia in energy and mineral resources
Strategic partnership between Pakistani, Russian firms will open much-needed revenue stream
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Buffalo milk export to boost Pakistan’s forex reserves
With better investment climate, Chinese group hopes to set up dairy processing plant in Pakistan
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Lebanon launches first electric car despite crisis
Production of up to 10,000 vehicles is hoped to start later this year in Beirut
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Big Wall Street names anticipate pause in rally
Warn of tougher market ahead as investors try to determine future strategy
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Turkey probes second crypto exchange
Erdogan’s govt tightens regulations after deciding to ban digital currency
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TDAP urges businessmen to explore new markets
CEO laments visits of trade delegations to foreign countries suspended for past one year
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IT exports soar 58% during March 2021
Covid-induced surge in freelancing activities steers rise
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The show must go on
Despite myriad challenges and unexpected curves thrown by the Covid-19, Dubai has decided to go ahead with Expo 2020
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Pakistan’s footwear sector demands incentives
Urges govt to formulate policy to increase industry’s share in global markets
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SC admits petition on debt burden
Seeks enforcement of law binding govt to limit public debt to below 60% of GDP