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Dewan Motors to relaunch KIA Shehzore in June’24
Revives production after 9 years, brings back commercial vehicle in collaboration with Korea
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Govt sees lowest inflation in 2 years
Predicts 14.5% rate for May amid IMF’s proposal to impose 18% sales tax
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Govt likely to further slash petrol prices
Prices of petrol and diesel likely to be reduced by Rs5.50 per liter and Rs4.30 per liter respectively
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Malaysia to invest over $100b in semiconductor industry
Aims to establish 10 local companies with revenues between $210m to $1b
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LPG firms demand duty on cheap imports
Claim gas of poor quality is being purchased from Iran
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BRI projects to be revived: Iqbal
Country seeks JVs in renewable energy and agriculture, relocation of Chinese firms
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Garment industry cautions against long Eid holidays
Argues prolonged break will cut off country from world, cost economy dearly
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Investors favour risk-free funds
Despite record returns at PSX, high interest rates drive AUM to Rs2.41tr
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Pak-UAE cooperation in tourism proposed
UAE is home to 1.8 million Pakistanis who contribute to development, prosperity and economic growth of both countries
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PM invites Chinese textile firms to Pakistan
Urges enhanced cooperation in various sectors during key meeting on economic relations
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BAT threatens to exit over tax hikes
Warns of investment withdrawal as sales slump 38%, illicit trade surges
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Youm-e-Takbir holiday criticised
Business leaders say unplanned holiday disrupts activity, risks investor confidence
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Call to adopt concept of creative economy
It will help connect Pakistan with modern, innovative economies
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Foreign firms repatriate $56.6m profits
Despite improved reserves, MNCs continue sending earnings abroad
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Business forum in Ethiopia woos investors
Prime focus of foreign policy of Ethiopia was to attract FDI and boost exports through trade and technology
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China sets up fund for semiconductor sector
Beijing could use advanced chips to boost its military capabilities
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Stocks decline over pre-budget woes
KSE-100 index drops 465.55 points, settles at 75,517.49
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Rupee falls slightly ahead of IMF programme
Treasury firm Tresmark recently described the Pakistani currency level of Rs278.21/$ as “overvalued”
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Parts’ makers seek 10-year EV plan
Oppose import of used auto parts owing to safety reasons
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Minister vows to facilitate foreign investors
PTC gears up to export oral tobacco-free nicotine pouches to Japan
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Oil, gas sector irregularities unearthed
DGPC’s policy deviations, inefficiencies lead to significant losses to national coffers
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Growers urge crop insurance, reforms
Farmers seek climate resilience, better market policies, and support for organic farming
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Rs24b gas subsidy recovery okayed
ECC diverts funds to satellite launch, hikes consumer costs; raises IB budget
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Rice export: hurdles, opportunities
Shifting market dynamics, concerns over Basmati heritage pose challenges
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Is strategic default a pathway towards economic rejuvenation?
Reliance on external financing to sustain domestic expenditure creates precarious debt trap
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Making PM’s visit to China successful
Pakistan must communicate its financial situation, pressure it faces from IMF, West
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Bridging economies: benefits of Islamic finance for CPEC
Synergy between Islamic finance and CPEC presents opportunities for sustainable development, economic integration
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Pakistan’s fiscal policy at a crossroads
Coordinated strategy can create balance between fiscal consolidation, growth
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Envoy invites foreign firms to invest in tech zones
Highlights R&D activities, investment opportunities in Pakistan
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PSX cheers IMF loan, UAE investment
KSE-100 index jumps 641 points, or 0.85% WoW, settles at 75,983.04
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Pakistani rupee beats Asian peers
Declared best performing currency in region as RDA inflows surge beyond $8b
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Deep reforms agenda proposed
PIDE for dismantling outdated institutions that hinder research, tech advancement
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Experts back soilless crop growing technique
In hydroponics, crops can be produced in any season with less input, output
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55% of capacity of major sectors couldn’t be traced
It leads to evasion of income tax, sales tax and federal excise duty
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MPs demand end to fertiliser subsidy
Propose uniform gas prices for industry, crackdown on fertiliser mafia
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Weekly SPI inflation shrinks 0.34%
Lower prices of flour, rice, vegetables lead decline in short-term inflation
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OPEC+ to hold June 2 policy meeting online
Oil set for weekly loss as markets worry about demand
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UAE investment hopes drive PSX to record
KSE-100 index soars 868.56 points, settles at 75,983.04
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Traders demand new horticulture varieties
Propose allocation of Rs200m for R&D to enhance fruit exports
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Rupee rallies on talk of foreign investment
Currency surges to Rs278.21/$ amid positive economic developments, rising forex reserves
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SBP rolls out QR codes for Eid
Hopes to enable banks to access over Rs550-600b in cattle purchases via digital banking
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Pakistan seeks $17b from China
Proposes ambitious plans to expand CPEC, requests funding for nine key projects
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Agriculture behind economic expansion
FPCCI calls for more investments to sustain momentum, enhance food security
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KE base tariff may rise by Rs10 per unit
NEPRA reviews request; company rules out any impact on consumers
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ADB explores increased financing for WAPDA
Delegation visits Wapda House, highlights hydropower potential
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PM for dam’s inclusion in CPEC
Instructions issued days before JCC’s 13th meeting being held today
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Rupee recovers from one-month low
Gains Rs0.17 to Rs278.30/$ on prospects of UAE investment
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PSX rises past 75,000 as optimism returns
KSE-100 index gains 157.80 points, settles at 75,114.47
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One-window facility, cheap loans sought for SMEs
Experts urge govt to facilitate development of SME sector
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Suzuki eyes expansion with new biogas plant
Ayukawa highlighted Suzuki’s 40-year history of vehicle manufacturing in Pakistan