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Pakistan, Iran to deepen trade ties by inking FTA
Both sides agree on building banking channel, eliminating illegal trade
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Carpet association seeks relief in budget
Says govt should provide incentives considering havoc caused by pandemic
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Credit to private sector slows down
Banks continue to focus on investment in govt debt securities
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‘Europe needs more aid to counter Covid risks’
IMF says delays in vaccination campaigns threaten to prolong health crisis
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Sindh to frame granite mining policy
Huge quantity of precious stone is available in Karoonjhar, most of which is underground
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Global regulators to refine climate fallout on banks
Central banks piling pressure on lenders to quantify impact of climate-related risks
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ECC waives up to 10% import duties
Diverts Rs11.7b from Covid-related budget for constructing hospitals in Punjab
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Pakistan urged to adjust policies
IMF official says if need arises programme will be adjusted accordingly
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Punjab forces mills to sell sugar to unregistered persons
FBR spokesperson says district admins cannot waive condition of ST registration
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Govt keen to stem illicit financial flows
Planning Commission official discusses post-Covid prospects of sustainable infrastructure investment
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Oil prices jump despite fresh coronavirus fears
IEA’s projection of significant rise in global oil demand in second half of 2021 steers bullish trend
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Rs435.7b extended to businesses under TERF
Scheme was introduced to help businesses continue investment plans despite Covid-19
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Market watch: Stocks advance 262 points on positive macros
Benchmark KSE-100 index increases 0.58% to close at 45,311.22
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ECC may approve PPA amendments
Move will free three LNG-based power plants from 66% guaranteed offtake
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Cryptocurrencies: a $2-trillion market
Digital currency increasingly attracts interest from big names on Wall Street
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Rupee weakens against dollar
Rupee weakens against dollar
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Car sales record triple-digit growth in March
Sharp rise comes due to lockdown in March last year that restricted economic activity
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Sugar mills feared to face financial crunch
Association laments sugar price has been fixed below production cost
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Pakistan’s LSM sector grows 7.45%
Increase will help offset impact of poor cotton production in agriculture sector
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OPEC sees rising oil demand
Plans to lift output on expectations of growth rebound
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Govt working to promote innovation in industries
Minister says survey being carried out to identify factors hampering progress
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Market watch: Countrywide protests cap gains at PSX
Benchmark KSE-100 index rises 70.52 points to close at 45,048.57
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Oil prices rise after robust China import data
Markets shrug off Middle East tensions which have so far not disrupted oil supply
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PM disapproves abrupt subsidy withdrawal
Directs economic team to take a gradual approach to protect the people
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LCCI finalises budget proposals
Chamber president calls for addressing lack of balance in tax incentive structure
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WAPDA to rehabilitate Warsak power station
Authority awards Rs936m civil works contract through competitive bidding
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SMEDA submits budget proposal
Seeks special attention for SMEs in upcoming budget for FY22
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FBR official assures traders of resolving issues
Says authority is working to facilitate business community
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Yarn shortage pushing industries towards closure
Textile exporters say exports have dropped drastically , warn of massive layoffs
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Govt defers approval of motorway project
Decision comes on back of proposed changes in project’s financing model
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Remittances jump 43% to $2.7b
Inflows remain robust above $2b for 10th successive month in March
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CCI sets aside Sindh’s objections, approves census results
New census will begin in Sept this year; CM Shah vows to mount challenge in joint sitting
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Market watch: Covid spike dims investor hope at PSX
Benchmark KSE-100 index sheds 208.43 points to close at 44,978.05
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Oil rises but remains range bound as Covid-19 cases soar
Prices find support from external factors such as weaker US dollar, higher risk tolerance among investors
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Skills – a safe shortcut to development
Govt should declare ‘education emergency’, substantially increase TVET budget
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Shifting into new trade paradigm
Rebound in exports, imports suggests economic conditions are improving
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Cotton output crash a policy failure
Policies needed to boost harvest, otherwise import bill will rise significantly
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Capital inflow and rupee-dollar parity
Exporting firms may face cost pressure due to abrupt currency movements
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Bureaucracy: the missing link
Civil servants will be unable to deliver until right man is put to right job
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SBP expects 3% growth in FY21
Central bank governor says country has entered third wave with much better economic indicators
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Chinese envoy invites Pakistani firms to trade fair
Says it will help companies explore new prospects for business promotion
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Start-up looks to reshape retail sector
Aims to improve customer experience through deploying artificial intelligence in stores
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KSE-100 rises 2% in volatile week
Rising Covid infections, developments on economic front limit gains
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Business community seeks long-term policies
Urge government to ensure consistent strategies for swift revival of industry
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Govt urged to enhance liaison with businessmen
Officials say it will help broaden tax base and enhance tax-to-GDP ratio
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CCP opposes fixing sugar price
Anti-trust watchdog cautions move may cause hoarding, escalation in prices
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Public debt up by Rs12.5tr in 30 months
Minister tells NA domestic, external debt contributed Rs7.9tr, Rs4.6tr respectively
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Engro to establish petrochemical plant
Unit will help slash country’s chemical imports, boost exports
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IT firms urged to form joint ventures with Jordan
Envoy says it will enable them to enhance exports to regional countries
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Manufacturers lament costly PVC raw material
Say importers are not reducing prices despite decrease in dollar