Business

Tarin forms body to address challenges faced by CNG sector

Finance minister backs plan, suggests entering into JVs with established banks

Directs all commissioners to report to heads of regional and large tax offices

Seven companies at PSX raise unprecedented Rs17 billion in the financial year ended in June, reports Bloomberg

Benchmark KSE-100 index sheds 255.76 points to settle at 44,817.76

Easing of pandemic restrictions raises oil price to highest since October 2018

Govt policy is required to facilitate use of alternative energy sources

To put economy on right track, it is imperative to pursue balanced approach, plug loopholes

Measures can be taken to reduce gas prices instead of increasing them

For boosting exports, country will have to dig deeper into causes of cotton crop failure

Fiscal and tax policies are highly distorted, do not work towards stakeholder economy

Dawood says bilateral negotiations for preferential trade deals with the Gulf states would start in next 6-12 months

Additional grant will be utilised to implement winter incentive package

Chairman says authority is working to ensure smooth trade between both countries

Says bloc depends on foreign supplies of natural gas and oil

ICCI chief says expansion of Shariah compliant facilities will help diversify businesses

Hike in interest rate, signal of monetary tightening shatter investor spirits

IT minister says many reforms implemented to boost tech businesses

Official says growth rate of 4G mobile phone production in country is steep

Integrates only 1,900 retail machines with tax system in three months

Lack of tanker drivers hits fuel supplies in the country

Banks’ earnings are projected to surge 20% during 2021-23

Industry veteran says refineries are seeking tariff protection, not expanding plants

SBP let the rupee depreciate massively

China had enhanced the prosperity level of its villages by making coordinated urban and rural development

Prices of 10 items fell and rates of remaining 21 goods recorded no change

IGCEP will act as primary document for adding new capacity to meet power demand

Privatisation Commission will coordinate with all stakeholders prior to selling SOEs

Says govt aims to create swift response system to address investor woes

Disruption in supplies will be due to shutdown of Pakistan GasPort terminal

Will enable Pakistan to become hub of regional, international trade and transit

Price rise driven by currency depreciation, higher power tariff

“All this signifies that the system-based approach is more appropriate for us,” the minister stated

Increased guarantee provides full protection to 95% of depositors: SBP

Benchmark KSE-100 index falls 223.36 points to settle at 45,073.52

Move comes amid global cryptocurrency crackdown from Asia to the US

Rally slightly dampened by China’s first public sale of state crude reserves

Creditors say Islamabad to increase spending to mitigate health, economic and social impact of Covid

The maximum tenure of auto financing has been reduced from seven to five years

Meeting was co-convened by the BOI and the National Development and Reform Commission of China

Closes at an all-time low of Rs169.11

Drop comes on back of external debt repayments

PM aide says exploring new markets is not a problem for Pakistan

Focusing on increase in credit financing for SMEs filing tax returns

Imam sees potential for bilateral cooperation in production of tropical fruits and crops

PM aide hopes this will resolve liquidity issues of exporters

Unveils plan to upgrade refining facility to increase production to 100%

Relaxation sought for import of 15 LNG cargoes till December

Scraps sugar import tender, approves scaled-back Kamyab Pakistan Programme

Drop comes on back of external debt repayments