Business

Minister says upcoming spectrum auction, fibre policy will spur economic growth

Global finance chiefs meet in Washington amid wars, weak Chinese economy, and US election trade concerns.

EU spends €42bn annually subsidising fossil-fuel cars, study urges shift towards EV subsidies to meet green goals.

Steelmakers urge FBR to impose 18% sales tax on steel furnaces using local scrap, citing Rs30bn loss to the exchequer.

Gold prices have hit record highs globally at $2,726 per ounce.

Agreements cover range of sectors, including coconut products, gum, cocoa, ginger, spices, and consumer goods

However, this relationship should not be politicised or used for political point-scoring

Understanding the role of intellectual growth, policy reform in national progress

When people are free to innovate and take risks, wealth is created in ways that benefit society

If Pakistan follows stabilisation path, it is most unlikely it will be last IMF programme

Pakistan hopes SCO can help settle disputes with India, open new trade routes

Over 200 firms, startups, and industry experts participated in GITEX 2024

Independent institution will help address capacity payment challenge

Major driver of volumetric growth was P2P module launched in 2022

Pakistan's digital payment surge is reshaping lives, boosting financial inclusion and driving economic change

Deficit tops $1.8tr on high debt costs, spending on social security

Wall Street benchmarks were lifted by Netflix earnings and tech stocks

FAO official says 20% of population is underweight, 15% faces severe food insecurity

Benchmark KSE-100 index loses 233 points, or 0.27% WoW, settles at 85,250

Say support price drains billions of rupees, only benefits banks, govt and mills

Eyes broader trade pact by establishing FTA framework, minister says

Removal from second committee comes after delays in IP, TAPI pipelines; Dar takes over

Hopes of clinching infrastructure, energy deals remain unmet

Court suspends FBR's affidavit requirement for sales tax returns after traders challenge the notification in court.

SBP integrates Raast with Arab Monetary Fund's Buna; will enable e-wallet payments to China

Alongside gold, silver prices also saw an increase

Rupee benefits from improved foreign currency supply; appreciates to Rs277.61/$

Farmers supply 1.06m bales to ginning factories in first Oct fortnight

Call for enhancing security cooperation, economic integration among members

KSE-100 index drops 335.34 points, settles at 85,250.09

Driven by food prices, SPI reading surges 15.02% year-on-year

PKR appreciates marginally against USD, gaining 0.06% to settle at 277.61 in the inter-bank market

90% of employees unhappy with the new mandate, with 73% considering leaving the company

Silver prices also rise, increasing by Rs50 to settle at Rs3,100 per tola

ECC proposes Dar as new chair to oversee sugar exports, price control

BankIslami will be making Riba-free banking more accessible to all faiths and backgrounds

Nestlé Pakistan aims to benefit from this collaboration by driving its digital transformation in the FMCG sector

Pakistani rupees slightly increased against major currencies, with the US dollar selling at Rs278.25.

Weekly update shows increase of $215m in forex deposits

Considers lending $1b to Pakistan for Reko Diq project; Islamabad remains hesitant

Withdraws condition of filing affidavit with sales tax return by company CFOs

Drone tech firm set to secure $1m investment from US venture capitalist

Withdraws condition of filing affidavit with sales tax return by company CFOs

Oil industry warns Ogra of losses due to restrictive fuel pricing and urges for price formula revision.

Warns of agricultural slowdown, global energy price risks

Punjab Finance Minister stresses reforms in retail sector, calling for formalisation to boost economy and tax fairness

Says deviation from set formula causes loss of millions of rupees

Weekly update shows increase of $215m in forex deposits

Pakistan’s Ambassador to UAE, Faisal Niaz hailed event as significant platform for Pakistan’s growing IT sector

A day earlier gold per tola saw a sharper rise of Rs2,200.