Business
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Tax on cash withdrawal proposed
Commission seeks tax on banking transactions, elimination of hard dollar
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G7 to target Russian energy in sanctions
Officials say steps aimed at energy and exports aiding Moscow’s war effort
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Debt suspension deal with Korea signed
The repayment will now be spread over six years, with a one-year grace period, in semi-annual instalments
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Rupee ticks up, aided by drop in dollar demand
Touches one-week high at Rs284.96 against greenback
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PSW services extended to dry ports
It will facilitate cross-border trade by eliminating paper-based processes
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CCOE body to evaluate deemed duty spending
Petroleum Division failed to respond to queries, causing delay in approval of refinery policy
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Risk of default rises as bond yields spike
US dollar-denominated bonds climbed 73bps to 106.37% in global markets
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‘Political uncertainty threatens economic survival’
Business leaders say up to 50% export orders shifted to regional competitors due to uncertainties
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LSM output drops 25% due to import restrictions
Pace of contraction doubles as implications of import curbs unfold
