Business

Industry officials say exports have declined by 29% YoY as of Feb 2023, totalling $487m

Aim to deploy optical fibre cable over an area of 100,000 km in Pakistan

VP says cooperation for long-term development will be optimised in years to come

British govt official says country has progressed to ‘middle-income’ status

Chinese power plants facing restrictions on coal import

Company cites current economic situation and its impact on opening LCs

Restrictions on imports, shortage of raw material and steep currency devaluation rendering business unviable

On fallout from US bank shutdowns that could reduce future oil demand

Assurances from US President Joe Biden, policymakers fail to dispel investor worries

PM desires to give Rs150b petrol package to motorcyclists

Insists US banks are ‘safe’, investors knew of risks

LCCI VP says meagre trade volume of 0.12% should be increased to $2 billion

Gwadar will receive 100 megawatts from Iran

Matter will be presented in ECC on priority

Lower demand may result in prolonged plant closures, joblessness

Say import substitution required to become competitive

Cabinet body recommended several measures to mitigate line losses, power theft

Fourteen cabinet members still using luxury vehicles by flouting cabinet’s orders

Pakistan’s industry needs to bring improvement in operations, increase investor confidence

Skewed tax system is not likely to work but change will require a lot of effort

Unlike Bangladesh and Vietnam, Pakistan has failed to increase exports, leading to burgeoning deficit

SBP’s hawkish monetary policy is destroying bottom line for many leveraged sectors

Hate is a top selling political commodity used to gain visibility and traction

Manufacturers blame economic uncertainty, import curbs for price increase

CM Azam says drug situation is alarming

Report comes after SVB collapsed in largest bank failure since 2008 financial crisis

Suggests increasing exports to Rs100b within 8 years

Govt constitutes body to allocate 110mmcfd gas to FFCL, Agritech

Businesspersons says proactive approach in removing barriers to trade a must

Commodity prices surged due to supply constraints, rupee devaluation

Benchmark KSE-100 index gains 457 points to close at 41,794

Misses World Bank target to increase revenues to 17% of the economy’s size

Rs5.5 trillion to be used to return old maturing debt

Relationship can include liberalising trade, opening up investment avenues

Businessman stresses need for concluding FTA without loss of time

Spike in interest rates led to a sell-off in bonds, leaving banks exposed

Rice industry facing series of challenges amid global headwinds

PAAPAM urges foreign delegation to explore bilateral partnership

Gains Rs1.53 amid optimism over revival of IMF loan

Power companies will recover surcharge in installments over eight months

Non-residents continue to dispatch funds via informal channels

Mostly delayed due to bureaucratic hurdles, weak implementation

Some of Europe's biggest banks saw their shares tumble in their largest decline in nine months

Performance of companies reflects resilience to macro adjustments

Federal ministers and advisers spent Rs67m on domestic, foreign trips in H1

Company hurt by investors rushing to withdraw $8b of deposits

Unexpected fall in crude inventories provides support

Central bank attributes increase to $500m loan from China

Loses 1.13% and reaches Rs282.30 against dollar in inter-bank market

Mari Petroleum says Sachal project will save $600m via LNG substitution