Business

KSE-100 index records surge of 2,104 points, or 2.74% WoW, settles at 78,810.49

Govt focuses on development of IT sector

Company initially said it would seek additional financing and continue “reduced operations"

Opposes higher sales tax while highlighting flaw in tax structure

Govt revises return on certificates purchased in pounds, dollars, euros and rupees

Encourages innovation, global collaboration at Global Business Forum 2024 in Dubai

Provisional duties set to apply by July 4, with investigation to continue until Nov 2

Delays impact US investment plans, raise concerns over energy strategy

Call for 24-year auto policy to stabilise industries amid economic turmoil

Fund’s team likely to visit Pakistan by end of this month

State minister emphasises both teachers and students must be trained in using digital tools

SPI goes up 0.94%, fueled by expensive food items around Eid

REER drops by 3.62% in May, boosting export competitiveness

KSE-100 index edges up 8.96 points, settles at 78,810.49

APSUP and PAMI appeal to govt of Pakistan for immediate restoration of tax rebate for teachers

Plans to collect Rs70b by increasing valuations to 90% of market prices

Minister calls CPEC beacon of stability, regional integration

IT ministry terms proposal unfeasible in briefing to prime minister

SBP reports FDI grew 74% to $271m in May 2024 compared to $156m a year ago

Funds aim to increase coverage, compensation under BISP, bolster climate resistance

SBP data shows current account deficit for first 11 months of this fiscal year was much lower than last year's $3.76b

KSE-100 index now stands at 78,309 from the high of 80,001 points earlier in the morning

Property sector still receives “much-favourable status”, chairman FBR

New initiative to provide technical, financial protection for vulnerable communities

Say govt incentives could transform barren lands in Gadap into profitable farms

Importers buy dollars at higher rates to meet pent-up demand

Central bank did not provide reason for increase in reserves

Faces backlash over increased taxes on hybrid vehicles, telecom industry demands

Warn of devastating economic impact from regressive tax, customs measures

KSE-100 index soars 2,094.76 points, settles at 78,801.53

Distribution firms may suffer Rs589b loss; seaports declared strategic assets

Fuel cost falls 10% in May as hydel generation goes up

Summary of the USD to PKR rates for the last seven days

Funds aim to build shock resilience among vulnerable households, promote climate-smart and competitive producers

Leave nothing for private sector to finance their businesses

Urge govt to hike tariffs on imported European gasoline-powered cars

This advancement will not only expedite freight services but also contribute significantly to the economy

Minister affirms introduction of strategic body in PSDP budget to facilitate growth

Decides to privatise most efficient power distribution firms

Says financial health will improve in FY25, albeit ‘at a cost to growth’

Describe FY25 budget as confused attempt that threatens economic stability

Unchecked extraction, skyrocketing prices fuel hidden market; threaten water sustainability

Pakistan’s FY25 budget aims to cut government debt to 68% of GDP, aided by inflation and lower interest costs.

Govt targets import substitution that will keep economy closed

Rebound in global wheat prices will reflect in domestic market in coming months

IMF approval signals green light, but taxation challenges, fiscal deficits loom

Trade curbs curtailed imports of capital goods and inputs required for productive activities

Rule: better economy, better market. Why then do we see inverse happening?

Insists poor should not be targeted for fiscal adjustments

AAM report stresses need to stem rising tide of cheap, subsidised exports threatening US jobs