Business

Export of Pakistani rice to neighbouring country rises 244% in four years

Asad Umar calls for redefining resource allocation and incentive structure

Regulator claims it will result in savings of billions of rupees for government

Bakhtiar says Debt Service Suspension Initiative Phase III to provide fiscal space to mitigate Covid impact

Government appoints Asim Ahmed as chief of Federal Board of Revenue

Benchmark index gains 445.12 points to close at 45,186.48

Both crude contracts on track for 2-3% drop this week but far from low of $60.47 hit two weeks ago

Report says govt will achieve target by raising taxes, withdrawing exemptions

Washington-based lender rolls out dozen conditions that country will have to meet in 6 months

Lament over 40% hike in yarn prices in short span of time

Country enters global capital market by offering 5, 10 and 30-year bonds

Investors pay maximum price of Rs53.2 per share in auction at bourse

Increase comes on back of proceeds received from Eurobonds issuance

End-consumers will pay some of additional cost; govt will bear the rest

Some ECC members suggested seeking the opinion of the Ministry of Foreign Affairs

Increase comes on back of proceeds received from Eurobonds issuance

It will provide learning solutions mostly to students unable to find teachers

Benchmark index soars 787.78 points to close at 44,741.36

President issued them to recover Rs1tr on account of taxes and power tariff hike

Report highlights steps needed to control bulging public debt

FBR, provincial revenue authorities sign MoU for single web portal

Experts suggest sales tax should be collected by provinces instead of federal agencies

Authority chairman briefs ECC on plan to build housing units with publicprivate partnership

Awaits Civil Aviation Authority’s audit by ICAO before resumption of flights to EU

Regulator approves fuel cost adjustment for February 2021

ECC sends package to federal cabinet for final endorsement

Benchmark index loses 451.12 points to close at 43,953.58

World Bank report reveals unemployment, poverty have increased due to pandemic

OGRA warns OMCs as average stocks cover 15 days of demand as of April 6

Ask govt to create enabling environment, offer investment safeguards

It plans to export 85% of tyre production

Commerce adviser directs ministry to consult all on trade deal with Uzbekistan

Officials tell World Bank VP about steps being taken to streamline power sector

Producers say it is damaging legitimate business, causing losses to exchequer

Industry player highlights issues including unfavourable environment

Hammad Azhar says it will help remove anomalies and ensure equity

PM had given three-month deadline in July 2019 to fill posts in state-run companies

Say private sector, favourable business environment can help revive growth

Aims to make Islamic banking one-third of overall banking industry by 2025

Emphasises need for efforts to provide essential items at fair prices

Hydel tariff rate reduced by Rs1.56 per unit compared to tariff for FY18

Reveals consumers have low confidence, reluctant to make investment

Directs finalisation of timeline-based strategy to promote information technology

The rupee weakened against the US dollar at Rs153.65 in the inter-bank market

The primary objective of these revisions is to promote ease of doing business by simplifying instructions

Ismail stressed that industries played a significant role in the stability of the country

US West Texas Intermediate crude for May dropped $1.60, or 2.6%

Benchmark index rises 856.49 points to close at 44,404.70

Market recoups some of the losses caused by rising OPEC+ supply, infections in India and parts of Europe

According to Binance Research the total number of global crypto users grew to 101 million in the third quarter of 2020