economy

World Bank downgrades project as Punjab fails to meet environmental goals

Move comes after increase in sugarcane prices; cabinet members concerned

It is important that division of power is regulated in such a way that enough is given for making significant changes

Exporters find no transport vehicles to send goods to the port

PM Imran formally approves Rs7 billion relief package for USC

But rejects internal currency movement restriction over govt objections

Directs field formations to ascertain causes behind poor WHT receipts

Pakistan's auto industry on bumpy ride due to depreciation of rupee against US dollar and a high interest rate

Businessmen fear massive foreign orders can be cancelled

Board chairman accused of spending millions on meetings, travel expenses

Permission limited to testing purpose only on non-commercial basis

Macroeconomic stabilisation policies spark supply, demand-side pressures

MNAs express resentment over pending schemes in their constituencies

Data released shows the fires were beginning to have an effect on the economy

Ghulam Sarwar Khan says efforts will be made to bring airports on a par with global standards

Concerns heighten about escalation in Middle East conflict and possible impact on oil supplies

Amendments aimed at passing on cost of inefficient governance to consumers, timely notification of tariff increase

Officials say Pakistan has made ‘major progress’ by completing national risk assessment report, Senate panel told

ECNEC approves six projects costing Rs216.4b, including four schemes being executed

Formula includes costs of local and imported gas that will help overcome shortage

Also sees drop in current account deficit that will be in range of 1.5-2.5% of GDP

Dip came due to import compression amid signs of weakening export growth

Also hits seven-year high at $1,580 per ounce in world market

Govt needs to relax curbs on raw material imports to reverse decline in LSM

Aims to promote value addition in agricultural products

KSE-100 index surges 1,475 points following developments on economic front

Official says Rs400m worth of smuggling cases unearthed in past six months

PRGMEA says exporters are facing severe liquidity crunch owing to long delay in refunds

Will also discuss appointment of PSO MD in meeting on Tuesday next week

19 RTOs, corporate RTOs and four large taxpayer units have been given instructions

Misses first-half tax collection target due to low economic activity

Too bad that Argentina — fresh from the IMF oven — reconfirms the trade-off between austerity and growth

It’s time economic planners and the global elite radically change their modus operandi

Offer is one-third of total outstanding dues amounting to $800m

Smartphone ownership forecast to reach 51% of population in 2020

Limit will be raised gradually with effect from January 20

Stand at 24.75m tons against 23.24m tons in same period of FY19

Minister for Planning and Development Asad Umar says uniform policy across country will help attract investment

Move will encourage investment in long-term debt securities

Target gap in textile market as the US looks for alternatives

SBP has 90% shares in HBFC; their sale will pave way for company’s privatisation

If 2018 was shrouded in uncertainty, 2019 brought much-needed clarity.

IMF’s bailout programme, delayed licence fee payments by telecom operators among others provide relief

Official says there is dire need to adopt modern technologies to boost sector

Company will receive additional Rs106 billion under quarterly tariff adjustments

Under IMF programme, government sharply increases power and gas tariffs

Sales may pick up from July next year, but will be lower than previous years

Research houses anticipate bourse will gain momentum, offer handsome return in 2020

Pakistan has been facing a problematic journey of economic growth for the last few decades

Over 10,000 employees will be hired in different cadres for all power distribution companies