Business

CCP chairperson stresses need for enforcing competition principles

Businessmen urge govt to focus on digital policies, increased remittance inflows

High-profile body against putting more burden on sectors already heavily taxed

SBP gov says CAD will close at $7b this year – $1.2b less than IMF forecast

Held meeting with Senate Finance Committee

KPEZDMC CEO says Chinese companies already establishing industrial units

Attributes closure to LC restrictions, halt to foreign payments

Inflows enhanced by $15m to $125m compared to 26-month low in Jan

Wants to settle some of the outstanding dues of oil marketing company

Analyst says 98% of revenue collected is borne by two companies

Banks also upped cost of financing, indicating possible hike in SBP’s policy rate next month

Opposes decision to raise funds from banks without any public bidding

PALSP says only 30% mills operating as scrap prices paralyse industry

Delegation comprises of 25 of Pakistan’s top IT companies

Will focus on agricultural industry chain, deep processing of products

Reaches nearly Rs55 trillion, with debt burden increasing at the pace of 15%

SHC interim order says one group cannot have two commercial banks at a time

Edges up by 0.02% at Rs277.87 to a dollar in inter-bank

Industry proposes govt to offset losses through inland freight margin

Aim to double cotton output, increase rice exports, control post-harvest losses

Takes fall as investors await US Fed’s decision

Says balance of payments deficit must be fully financed for current fiscal year

Deposit follows joint efforts by Ankara and Riyadh to mend ties

Pakistani envoy urges investors to exploit rich material and incentives

KSE-100 index adds 97.33 points and settles at 41,434.33

Auto industry laying off workers daily due to no production

Shipments contract 28% in backdrop of global, domestic economic slowdown

Additional Rs75b will be recovered between March and June 2023

Latest recovery came after Pakistan received $500m loan

Says it has already spent $2b to complete its part of the pipeline in its territory

No, it does not and there are six reasons why

Manufacturing contributes just 12% to GDP, underscoring urgent need for change

Sector may continue growing, driven by internet penetration, middle class

Best way to achieve austerity, prosperity is to end govt monopoly over economic resources

Inflows can stem from remittance cards, IT exports, tourism, skills programme

Provides a platform to kick-start an idea, label, brand or production house

Expresses eagerness to strengthen bilateral ties

Any agreement will give EU free trade agreement-like status

China’s economy hit hard due to harsh Covid-19 restrictions

Pakistan, China join hands to increase planting area, crop yield

The precious metal has cumulatively lost 2.42% (or Rs5,000 per tola) in the past two days

Benchmark KSE-100 index gains 629 points to close at 41,337

Reach net earnings of a cumulative Rs1 trillion

About 90,000 Pakistanis may not perform Hajj due to dollar shortage

Say lack of coherence in government policies is stagnating economy

Moscow agrees to receive payment in rubble, yen and UAE dirham against oil supplies

Govt allocates 300 acres of land for factory with Foxconn investing $700 million

Govt accepted PFMA demand to de-seal flour mills, allow wheat transportation

Sign MoU to collaborate in adoption of new technologies

Exports, on the other hand, were up by 10.96% to 449,940 tonnes in February