businessnews

Rupee depreciates for fourth consecutive day due to political instability, US Fed actions

Finance Minister Miftah Ismail says panic in the market is primarily due to political turmoil

Rupee nosedives to 215.20 to a dollar; stocks shed 707 points

Spokesperson says hoping disbursement will help stabilise economy, help expand social safety net to most vulnerable

China has invested $125 million in solar PV plants in Pakistan

SAARC Chamber insists trade not aid is solution to economic ills

Better connectivity with region will ramp up economic growth, rein in inflation

Decrease came due to external debt payments

Believes ambitious goal will promote savings culture in country

Prices have tumbled in past two weeks on recession concerns

Mechanised farming will help harvest bumper crops, achieve food security

Pakistan is expected to receive around $1.2 billion in the next loan tranche from the IMF

Loans of Rs8 billion provided to more than 15,900 low-income people to accelerate socio-economic development

Industry demands tax incentive for low-cost production

Currency falls on speculation about delay in resumption of IMF programme

Govt borrows Rs506b in auction of treasury bills against target of Rs500b

Says focus is on financial discipline through business-friendly policies

Lender projects further downgrade to growth in 2022 and 2023

Six candidates interviewed but no decision could be made due to lack of consensus

Brent crude futures up $5.39, or 5.4%, at $106.08 a barrel

Shabbar Zaidi fears total blackout in country if IMF does not revive programme

Rupee has depreciated sharply in the wake of delay in revival of the stalled IMF loan programme

Decrease came mainly due to external debt and other payments

It demonstrates commitment to providing safe digital space for everyone

Minister says country needs high tax receipts, $30b FDI to become stable economy

Target for FY 2022-23 was set at $3 billion, IT ministry determined to take it up to $15 billion in three-year plan

Imarat Group asks for govt support to bring up to $10b foreign investment

CPI clocks in at 21.3% due to a steep rise in prices of energy, food groups

Fear if incentive is withdrawn, they may not meet existing export orders

Says steps being taken to remove impediments for boosting investment

Meets goal for first time in recent history as receipts rise 29% from previous year

Petrol price may go up by Rs3.29 per litre as global crude rates increase

Invite Pakistani counterparts to pour money into Saudi petrochemical sector

Banks release first financing tranche of Rs5.625 billion

Will include people who do not stay in foreign country for six months in tax net

Central bank expects reserves to rise on realisation of CDB loan

Makes price increase request under fuel cost adjustment for May 2022

Declares visa issues of businessmen will be resolved soon

Urges government to reconsider decision of closing markets early to curtail electricity consumption

Currency closes at Rs207.23 against dollar as exporters sell $150m

SBP report says non-performing loans of banks rise 3.8% in 2021

Investors fear recession as banks raise interest rates

Billions of dollars allocated for mega projects in Balochistan

Miftah expresses resolve to provide maximum relief to people from continuously rising prices, especially the poor

Value-added textile exporters feel financial strain, fear bankruptcy

Minister says software firms mulling shifting business to other countries

Modern technology to reshape the fashion industry which encompasses many different small and niche industries

Assures businessmen delegation investment will be fully secure

PSO’s receivables soar to Rs583b as power, gas firms default

Central bank gave no reason for decrease in reserves