Business

Muhammad Aurangzeb stated that inflation has decreased, and this is not just a hollow claim.

Govt aims to use excess funds to lower interest rates, manage domestic debt more effectively

Cuts inflation projection, but cautions against ambitious growth targets

Cabinet approves summary through circulation on September 25

Court filings come after investigations found Amazon, Flipkart in violation of laws

KSE-100 index loses 782 points, or 0.95% WoW, settles at 81,292

Under NRP project, govt plans to set up medical city, Kissan bank

Pakistani consul general praises leadership, highlights strategic partnership

Ministries clash over solutions as transition to power grid poses challenges

Gilani says govt is taking steps to bring improvement in industry

Moody's downgrades Israel's credit rating to Baa1 amid escalating regional conflict, citing high geopolitical risks.

Pays first tranche of Rs8.2b to power plants of sugar mills for coal cost

Targets foreign-funded NGOs to halt grey funding, secure CPEC interests

Monthly economic outlook for Sept 2024 shows surge in output, exports

The company now anticipates a profit margin of around 5.6%, down from a previously projected 6.5-7%

SBP reports receiving 760 million SDR, equivalent to $1.026b, from IMF

KSE-100 index loses 365.83 points, settles at 81,292.13

Israel's credit rating downgraded by Moody's as the government struggles with war expenses and financial pressure.

Stakeholders call for action as shortages, hoarding, and black-market sales surge

Stresses govt is prioritising SMEs by creating conducive environment

Currency gains Rs1.13 in three weeks as Pakistan secures $7b IMF deal

Gold prices in Pakistan surge as 24K gold hits Rs 280,000 per tola, other gold categories also seeing sharp increases.

In August alone, inverter exports reached 326m yuan, a YoY growth of 429.04%

SPI increases 12.8% year-on-year, up from 3-year low in prior week

PKR fluctuates as USD trades at Rs 278.50, GBP at Rs 369.70, and KWD remains the highest at Rs 898.15 in the market.

Agrees on 60% of public sector imports, exports via deep-sea port

SBP's foreign currency deposits reach $9.53b, lend support to rupee

CPPA says 12.7b units of electricity were sold but consumption dropped 20%

Philip Morris exports $48 million in raw tobacco over five years through sustainability efforts.

Outrage grows as Islamabad police fail to take decisive action against officers accused of raping two children.

Saudi Arabia urges crackdown on misuse of Umrah visas as concerns grow over Pakistani beggars entering the kingdom.

Pakistan secures $7 billion IMF loan, averting default with strict terms, including tax hikes and asset sales.

Dutch auction sees 3.4x oversubscription, total demand reaching Rs4.7b

Mark 13% increase at $1.64b as global buyers shift from Bangladesh, China

KSE-100 index dives 589.95 points, settles at 81,657.97

Introduces business visas, dollar accounts, and IT initiatives

These inflows will be reflected in SBP’s liquid reserves, with an official update expected on Thursday, October 3

How much impact will the next fuel price change have on consumers?

While govt points to inflation dropping to 9.6%, families are struggling to survive

Says costly commercial borrowing by Pakistan is not linked to its $7b bailout

FBR launches nationwide campaign to boost tax compliance, warns of strict penalties for non-compliance after seminars.

Non-filers will face significant restrictions that will impact their daily activities, finance minister tells VOA

Currency market sees steady movement with USD at Rs. 278.25 and Kuwaiti Dinar holding strong at Rs. 911.56.

ADB says govt faces challenges due to political, institutional tensions

Requires banks to lend 60% of local deposits despite opposition from SBP, finance ministry

Boosted by the IMF's loan approval, PSX hits new record high with the KSE-100 Index surging 588 pts in intra-day trade

SBP conducted latest Business Confidence Survey (BCS) in collaboration with Institute of Business Administration.

Data indicates that risks associated with OXBRYTA include higher incidence of vaso-occlusive crises and fatal events

Cabinet committee head calls for halting shipments as retail price exceeds benchmark

The OECD forecasts global growth at 3.2% for 2024, boosted by lower inflation and expected interest rate cuts.