Business

Depreciates 0.07% on uptick in dollar demand

Govt allows refineries to enter into direct commercial contracts with Russian firms

Envoy stresses Pakistan with huge population is very important for Ankara economically

The project aims to redefine Pakistan's luxury living standards by combining modernity with natural beauty

Total investment from overseas Pakistanis via RDA reaches $6.75b

Only Rs57b spent in Q1, leading to delay in critical projects

Believes British businesses will make new investment decisions after elections

Ask govt to do away with gas outages, formulate sustainable policy

Will sign deals for developing mineral sector, promoting green economy

Easing sanctions on Venezuela’s oil industry could result in increased oil supply

Will be given this status after 100 years since its construction

International financial institutions to give $600m to Pakistan under RISE-II economic stabilisation programme

There are inextricable links between human exploitation and biodiversity loss

Govt reduces petrol price by Rs40 per liter, effective today

SAPM underlines capacity to provide over 1m workers with varying skills

KSE-100 index breaches 49,000 barrier with gains of 2,000 points

Decision comes in response to requests from market, dealers

However, only 4.4 million file tax returns and one-fourth pay any tax

Calls for customising IMF programmes according to needs of partners

IMF urges member countries to fill $1.2 billion gap in $3 billion subsidy account endorsed by membership in 2021

Finance minister’s remarks underscore resolve to keep markets on edge

It causes revenue loss, promotes financial transactions via illegal network

Union leader says sell-off will only multiply problems of consumers

SPI reading increases 0.30% compared to prior week

Sales of illegal cigarettes rise to 63% of total volumes since duty hike

Farmers reject FCA production estimates, saying they do not depict true picture

Final decision rests with govt that may instead resort to tax adjustments

SBP governor says foreign exchange buffers are improving with build-up in reserves

Economist believes currency will maintain winning streak in short run, reach 260-265/$

Calls initiative favourable step for investors

Pakistan, China may reduce cost by $3.2b to make it commercially viable project

Tecno Mobiles official says economic revival has started, consumer demand is rising

Highlights risks due to Pakistan’s thin forex cover for debt repayment

Aims to make Pakistan regional auto export hub

Board will review majority shareholder’s intent to buy all outstanding shares

IT ministry sets up national Computer Emergency Response Team

Fawad says country could not increase exports by putting together SEZs

SBP reported a 0.41% increase in its foreign exchange reserves on a week-on-week basis

Currency stood below Rs279 against the US dollar in inter-bank market for the first time in three months

Power Division asked to step up efforts to remove bottlenecks

Finance ministry officials say both heads regretted due to busy schedules

FCA projects cotton harvest at 11.5 million bales this season

Automakers sold 10,000 units in Sept as govt eased import curbs

Assess market situation, cooperation within OPEC+ group

Puts deficit at Rs8.2tr, higher than target, leading to extra Rs1.3tr borrowing

World Bank officials meet caretaker Federal Minister of Privatisation Fawad Hasan Fawad

May convert 400-room hotel into healthcare structure

Recovery comes after central bank reports remittances sent by overseas Pakistanis hit six-month high in September

CCOP directs Privatisation Commission to develop clean plan of action

It comes despite pending litigation in international court of arbitration