Pakistan Business

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Stocks closes at 2nd best level, rupee at 6-month high

Federal Reserve's more significant-than-expected rate cut boosted global stocks

Lower freight costs may help ease Pakistan inflation further
Business

Lower freight costs may help ease Pakistan inflation further

The average cost of a 20 feet container with imports from Shanghai has come down to $1,000 from $3,500 since July

Pakistan rejected all bids in latest T-bills auction. Why did it?
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Pakistan rejected all bids in latest T-bills auction. Why did it?

The central bank had set a target of PKR 425 billion and it received bids in excess of three times or PKR 1,425 billion

Pakistan's power generation falls 20% short of target in August
Business

Pakistan's power generation falls 20% short of target in August

August marks the second consecutive month of negative fuel charges adjustment

Pakistan sees 57% surge in Foreign Direct Investment in August
Pakistan Business

Pakistan sees 57% surge in Foreign Direct Investment in August

China maintains its position as the top investor with a net FDI of $174.69 million in the first two months of fiscal year 2024-25

Pakistan adds over 840,000 new filers as tax deadline looms for FY24
Pakistan Business

Pakistan adds over 840,000 new filers as tax deadline looms for FY24

The Federal Board of Revenue has previously warned that it will not extend the date for filing of income tax returns beyond Sept 30

'Exploding bombs': How to get safe, good quality LPG cylinders in Pakistan
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'Exploding bombs': How to get safe, good quality LPG cylinders in Pakistan

The government and regulatory bodies seem to be slow in taking action

Pakistan proposes new steel mill in Karachi with Russian cooperation
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Pakistan proposes new steel mill in Karachi with Russian cooperation

Pakistan imports approximately $2.7 billion worth of iron and steel annually

SBP rejects triple the target bids in latest T-bills auction
Business

SBP rejects triple the target bids in latest T-bills auction

SBP plans to borrow a total of PKR 6.295 trillion from September to November

Pakistan's IT exports surge to $298 million in August
Business

Pakistan's IT exports surge to $298 million in August

62% of IT companies maintain specialized foreign currency accounts

Pakistan current account posts $75mn surplus in August
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Pakistan current account posts $75mn surplus in August

This improvement is attributed to a reduction in the trade deficit and an increase in remittances

How the 'gool' trade is fudging Pakistan's cotton production numbers
Pakistan

How the 'gool' trade is fudging Pakistan's cotton production numbers

Industry sources informed Nukta that last year nearly 2.5 million bales changed hands without any legal invoice

Shareholder submits complaint against Shell Pakistan's sale
Markets

Shareholder submits complaint against Shell Pakistan's sale

Complaint states Shell ignored offers from other investors that offered a higher price

Asian Development Bank to give Pakistan around $2 billion annually in loans
Business

Asian Development Bank to give Pakistan around $2 billion annually in loans

The loans will focus on climate-resilient infrastructure, social protection programs and institutional reforms to foster sustainable development

Pakistan’s automobile sector saw 72% production growth in July
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Pakistan’s automobile sector saw 72% production growth in July

Large-scale manufacturing inches up 2.4% in July from same month last year

Russian delegation to arrive in Pakistan for talks on energy, other sectors
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Russian delegation to arrive in Pakistan for talks on energy, other sectors

Islamabad and Moscow will hold in-depth discussions on the procurement of crude oil and LNG

What if the petrol you bought was tax-free?
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What if the petrol you bought was tax-free?

If you purchased petrol for PKR 1,000 liter, you'd pay PKR 304 in government taxes