Business
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Market watch: IMF growth forecast propels PSX
KSE-100 index soars over 1,100 points with more support coming from rising global markets
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Foreign exchange: SBP reserves fall $31m to $19.1b
Central bank gives no reason for the drop
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Oil prices climb on upgrade to IEA demand forecast
Top oil producer Saudi Arabia dismisses calls for additional OPEC+ supply
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K-P officials, industry leaders meet
Discussed prospects of investment, expanding industry, logistics, trade, and businesses in northwestern province
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FBR to give reward for meeting target
IMF, however, is sceptical about sustainability of tax revenues
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Rupee slips again in inter-bank market
Closes at new low of Rs171.13 to a dollar due to speculation over IMF negotiations
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Ministry proposes targets for textile sector
Emphasises gas subsidy should be linked with value addition by textile mills
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Vehicle prices likely to soar
Surge to come on back of rising raw material costs, higher freight charges
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PSX working to revive tax credit on IPOs
Govt withdrew the incentive in March 2021 under IMF loan programme
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Country returns $1b raised via Sukuk
Repayment will temporarily hit largely debt-based foreign exchange reserves
