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Pakistan gets promising response to LNG tender
PLL receives bids in range of $6.7 to $6.925 per mmbtu for eight cargoes
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SBP for setting up working groups
They will address issues of taxation on digital services, linking govt agencies with RAAST
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FBR exceeds tax collection target
Achievement comes from indirect taxes, which account for over 60% of revenues
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Govt cuts petrol price by Rs1.55 per litre
Reduces price of high-speed diesel by Rs3 per litre, effective April 1
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Businessmen demand streamlining of tax regime
Call for incentivising taxpayers through ease of doing business
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Rupee becomes world’s best currency
Gains significant ground against dollar in wake of excessive inflow of foreign currency
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CDWP okays four projects worth Rs24b
Schemes related to health, physical planning and housing presented in meeting
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SECP allows startups to raise capital
The decision is aimed at supporting entrepreneurship and improving business climate for small firms
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Oil up as OPEC+ meets to decide on production policy
Group will debate options from May and beyond including rollover of existing cuts
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Market watch: Bourse turns bearish, falls 160 points
Benchmark KSE-100 index dips 0.36% to settle at 44,428.1
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Further power tariff hike on cards
NEPRA reserves decision on burdening consumers with Rs96.5 billion
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Traders seek out-of-the-box solutions in budget
Call for end to tax that has discouraged value addition altogether
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IMF sees global economy improving
Expects growth in 2021 to accelerate past 5.5% projected in January
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Minister for utilising pesticides as last resort
Says pesticides should not kill friendly pests for profitable cotton cultivation
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Pakistan borrows $2.5b via Eurobonds
Offers high interest rates to lenders to build foreign exchange reserves
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Rupee hits near 2-year high
Stands at Rs153.09 against US dollar after fresh gain of Rs0.95
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Punjab to begin wheat purchase from April 1
Minister says food department will follow Covid SOPs at all centres
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ADB approves $300 million for Pakistan
Amount will finance construction of 300MW hydropower plant
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OGRA recommends slashing fuel prices
Proposes cut in rates of petroleum products by up to Rs5.50 per litre
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VW to rebrand US unit as ‘Voltswagen’
The revised name takes effect in May
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Riyadh wants OPEC+ to extend oil cuts
A Saudi oil source said on Tuesday OPEC+ had not taken any decision yet
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Xiaomi to invest $10b in EV unit
China’s Xiaomi Corp announced plans on Tuesday to invest $10 billion in a new smart electric vehicle
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Pakistan receives third IMF tranche of nearly $500m
Development comes after Islamabad resumes stalled $6 billion loan programme
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Gauhar gets additional charge of petroleum
Serious questions have been raised over Gauhar’s re-designation following his past associations
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'Global investors show keen interest in Pakistan's economy, future outlook'
Pakistan successfully concluded its first-ever three tranche capital market transaction, the finance minister adds
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Trade ties with India resume
ECC allows import of sugar, cotton via land, sea routes
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Govt cuts petrol price by Rs1.55 per litre
Reduces price of high-speed diesel by Rs3 per litre, effective April 1
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Oil falls on OPEC+ concerns over slow demand recovery
Oil exporting nations are set to meet on Thursday to decide on output policy
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Market watch: KSE-100 extends gains with 97-point rise
Benchmark index advances 0.22% to settle at 44,587.85
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Top banks warn of losses after US fund dumps stocks
Caution follows report that firm sold more than $20 billion in shares
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Global reinsurers stare at massive losses: Fitch
Suez Canal blockage will reduce firms’ earnings without affecting credit profiles
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Envoy seeks direct flights to Nepal
Says PIA should consider starting flights between Islamabad and Kathmandu
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Guddu, Nandipur plants may be given to PSO
Approval under equity swap agreement aimed at clearing circular debt
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Rupee touches 22-month high
Currency rises to Rs154.04 against US dollar in inter-bank market
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Pakistan, Denmark to enhance energy cooperation
Technical working group formed to frame ToRs for G2G agreements
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Tyre industry calls for curbing smuggling
Demands import price re-evaluation as sector’s growth depends on govt actions
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Government postpones fiscal board meeting
Meeting called to review impact of monetary policy on economic growth
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Pakistan, ADB agree to expand partnership
Both sides discuss ways to deepen cooperation, ensure effectiveness of ongoing portfolio
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MOU for digitising govt payments
In the pilot phase, salaries and pensions of a group of federal government employees would be paid through Raast
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Oil falls as Suez opens, focus turns to OPEC+ output cuts
Both crude benchmarks drop over 1% on weak demand prospects
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Market watch: KSE-100 creeps up amid cabinet reshuffle
Benchmark index rises 59.23 points to settle at 44,491.03
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Corporate culture in Pakistan
Lack of such culture negatively affects innovation, growth, resource management
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Pakistan’s dilemma is not just wealth creation
Public policy measures need to focus on ensuring money stays, and is used internally
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Agriculture sector: challenges and way forward
Farmers cannot switch to new technologies as they require heavy investment
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A review of public procurement
Pakistan can save billions of dollars annually by optimising procurement process
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Tariff hike: some caveats and reform proposals
Without reforms and better efficiency, tariff hike may be counter-productive
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Market watch: PSX plummets on lockdown fears as Covid cases soar
Benchmark KSE-100 index sinks 1,089.83 points to settle at 44,431.8
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Oil falls on hopes Suez Canal blockage may end soon
Prices have swung wildly in last few days owing to blockage of key transit point, lockdowns
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SSGC board, management at odds
Board looks to hire from private sector while ignoring own employees
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Traders demand single digit tax rate
Suggest setting up warehouses at borders to uplift trade with neighbouring countries