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Low financial inclusion hurts e-commerce
Sector has the potential to create job opportunities, strengthen economy
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FDI hits 6-month high at $189m
Inflows remain low compared with average of $200m per month in last fiscal year
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Pakistan eyes $1.2b additional debt relief from G-20
Govt also signs $1.15b new financing agreements with World Bank
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Pakistan, China may ink deal for road project
Chances of finalising financing agreement for ML-I project remain low
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ECC allows import of more wheat
Approves purchase of 640,000 tons at cost of up to $284 per ton
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Private sector to start LNG import from Nov
Govt opens market for private sector to reduce financial risks
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Efforts on Unemployment will drop in coming days: Shaikh
Says govt was focusing on enhancing exports and duties on some of the raw materials had been reduced
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Italy allows seasonal work visas for Pakistan
Demand for Pakistani workers on the rise in Italian market
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High tariff unlikely to control debt
PM aide lists measures required under reforms drive to tackle circular debt
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IMF projections
The fiscal tightening happened at the cost of economic growth which simply means loss of jobs, additional tax burden
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Understanding the China miracle
The secret of conquering the world of commerce lies in creativity, innovation and newness
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Inter-bank market: Rupee strengthens against dollar
The rupee strengthened against the dollar at Rs163.48 in the inter-bank market on Wednesday
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Early implementation of SME policy demanded
Prime minister has sought roadmap for policy implementation
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Govt plans surcharge on gas consumers
Move aimed at recovering cost of re-gasified liquefied natural gas
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Bank lending to consumers picks up
Improvement in bank advances indicates businesses are gradually reviving
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NA body seeks details of gas supply schemes
Lawmakers complain about discrimination in execution of projects
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IMF sees tough fiscal path ahead
Lender projects gradual increase in revenues, reduction in expenditures
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Business community for political stability
Terms it prerequisite for sustained economic growth, tackling challenges
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Businessmen slam increase in electricity tariff
Say move will add to burden on industries, make them uncompetitive in global market
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Covid-19 causes Rs31.9b loss to PIA
CEO gives presentation to cabinet on revival strategy for the airline
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IMF projects stagflation in Pakistan
Country’s economy could grow by only 1%; inflation may cross above 10%
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Cartels blamed for hike in flour, sugar prices
Cabinet members voice concern over inaccurate data of wheat production, shortfall
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Industry demands stamping of transit goods
Stresses no stamping will destroy domestic industry, promote smuggling
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Locust completely under control: Imam
Says FAO has assisted Pakistan greatly in anti-locust operations
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NPMC sheds light on reasons for food price hike
Says bad governance, profiteering and climate change at heart of inflation
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Lawmakers concerned over bill amendments
NA body irked over vague procedure of surcharge, utilisation of funds
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Lack of trust hinders trade with Kabul
Demand to allow India to use Pakistan’s land route also hurts transit trade
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Auto sales pick up as economy recovers
All three automakers report month-on-month growth in sales
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Remittances stay above $2b in Sept
Inflows stand at $2.3 billion during the month, up 31% year-on-year
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Infrastructure for gas import being built
Minister says move will bridge gap between supply, demand of commodity
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Tax return filers free to deposit forex
Non-residents cannot feed accounts with forex purchased from domestic markets
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Remittances above $2b for fourth month in a row: PM Imran
Pakistan recorded an inflow of $2.3b foreign currency in September
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How pandemics affect development outcomes?
Economic challenges caused by pandemic adversely impact education, healthcare
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Stabilisation measures and politics
In current political scenario, timing of stabilisation steps is vital
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Misplaced priorities
This government has done everything except bringing a real change — something that was its main election slogan
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Textile mills demand increase in duty drawback
Stress need for changing rules, simplifying tax laws for industries
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Pakistan in one of the best solar zones
AEDB CEO says solar energy can lower basket price of electricity for consumers
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US energy firms asked to invest
Pakistan seeks capital injection into oil and gas exploration blocks
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PESCO facing acute staff shortage
Senate panel told company’s 50% employees have retired
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PGPL to build LNG terminal by Dec 2021
It is company’s second terminal; first one has capacity of 750 mmcfd
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SBP reliance on loans more than doubles
Borrowing increased to keep foreign currency reserves at higher levels
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Officials stress removing anomalies in tariff structure
Tariff Policy Board members say it will reduce cost of doing business
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Importers express concern over income tax rate
Official says FBR committee had allowed paying 2% tax on imported raw material
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SBP reserves fall $205m to $12.15b
Decrease comes on account of SBP’s external debt repayment
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Govt introduces Islamic certificates
Non-resident and resident Pakistanis can invest in foreign currencies and rupee-denominations
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IMF seeks hike in power prices
Also asks for additional revenue measures to revive programme
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PM Imran prioritises ease of doing business
Industrialists meet prime minister, discuss issues plaguing business community
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Aid sought for women-led businesses
Experts suggest assessing impact of pandemic on women-led ventures
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World Bank forecasts 0.5% growth rate
Report says pandemic compounded Pakistan’s economic woes
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Realty sector panics over two recent SROs
Stakeholders see possible decline in coming days; property prices may spiral downwards