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Dawn Business
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KARACHI: Pakistan is on its way to introducing a digital currency like cryptos and bitcoins in the future, said a senior official of the central...
• Fresh programme inevitable given $25bn external financing needs in next fiscal year • Aisha says lender now insists on actions, not words, as...
KARACHI: Share prices moved within a small range on Thursday before closing on the lower side owing to mixed signals on the economic front. Topline...
KARACHI: Local cement sales rose year-on-year by 9 per cent to 3.433 million tonnes in May, indicating a slight revival in construction activities....
ISLAMABAD: In line with falling international energy prices, the Oil and Gas Regulatory Authority (Ogra) on Thursday slashed the price of...
ISLAMABAD: The Federal Board of Revenue (FBR) missed its collection target by almost 9.82 per cent, or Rs61 billion, for May owing to a steep...
ISLAMABAD: The monthly sales tax collection by the Sindh Revenue Board (SRB) surged by a record 28.2 per cent year-on-year to Rs18.01 billion in...
KARACHI: The US dollar lost up to Rs15 in the open market on Thursday in response to the State Bank of Pakistan’s (SBP) decision to allow banks...
Indian opposition leader Rahul Gandhi on Thursday criticized Prime Minister Narendra Modi’s handling of relations with China, saying Beijing was...
KARACHI: One in every 10 crypto investors in Pakistan prefers to receive or pay salaries in virtual currency, according to a survey conducted by...
KARACHI: One in every 10 crypto investors in Pakistan prefers to receive or pay salaries in virtual currency, according to a survey conducted by...
ISLAMABAD: Consumer inflation raced to 38 per cent in May, the highest annual rise in prices on record, driven mainly by skyrocketing costs of...
KARACHI: The government raised Rs2.29 trillion through treasury bill auctions on Wednesday, surpassing the target, as well as the requirement for...
The rupee rose sharply against the US dollar in the open market on Thursday, gaining Rs10 to close at Rs298, according to the Forex Association of...
The rupee rose sharply against the US dollar in the open market on Thursday, gaining Rs13 to close at Rs298, according to the Forex Association of...
Defence Minister Khawaja Asif has termed International Monetary Fund (IMF) Pakistan chief Nathan Porter’s recent statement — which is being seen...
ISLAMABAD: The Executive Committee of the National Economic Council (Ecnec) on Wednesday approved four development projects in Azad Kashmir,...
• PM promises Fund chief ‘relief-budget’ within programme requirements • Terms statement by Nathan Porter ‘intervention in domestic...
ISLAMABAD: The government on Wednesday reduced fuel prices by Rs5 to 8 per litre for the next fortnight in line with the global market trend. In a...
KARACHI: The Pakistan Stock Exchange (PSX) witnessed a negative session on Wednesday, with the benchmark index of representative shares ceding...
KARACHI: The State Bank of Pakistan (SBP) has allowed banks to acquire US dollars from the interbank market for the settlement of card-based cross-...
The Federal Board of Revenue (FBR) missed its collection target by Rs430 billion or 6.47pc to Rs6.21 trillion for the first 11 months of the fiscal...
The rupee rose sharply against the US dollar in the open market on Thursday, gaining Rs11.5 to reach Rs299.5. Analysts said the rise in the value...
KARACHI: Engro Polymer and Chemicals Ltd (EPCL) — which is the country’s only manufacturer of polyvinyl chloride or PVC resin used in plastic...
Pakistan’s annual inflation rose to 37.97 per cent year-on-year in May, the statistics bureau said on Thursday, showing a continued uptick in the...
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has warned the general public against falling prey to fraudulent financial...
The level of economic uncertainty in Pakistan today is truly unprecedented. The political turmoil leading to a lack of clarity on the timeline of...
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday concluded that ex-Wapda distribution companies (Discos) would...
BENGALURU: Indonesia and Malaysia will delay trade talks with the European Union (EU) while they seek fairer treatment for small palm oil...
KARACHI: The International Monetary Fund (IMF) remains in touch with Pakistan’s authorities in order to pave the way for a board meeting before a...
PARIS: Global leaders should be working to reduce “the risk of extinction” from artificial intelligence technology, a group of industry...
KARACHI: The bullish momentum continued on the national bourse on Tuesday with the benchmark index of representative shares rising amid positive...
Red Sky variety of hybrid Chinese chillies grown at a model farm in Multan.—Dawn LAHORE: A local agriculture research company claims to have...
ISLAMABAD: The Karachi Tax Bar Association (KTBA) has asked the Federal Board of Revenue (FBR) to reduce tax rates and address barriers which...
KARACHI: Bank lending to the private sector has shrunk to just Rs28 billion this fiscal year after plummeting 98 per cent compared to last year,...
KARACHI: Port Qasim Electric Power Company Ltd (PQEPC), which runs a $1.9 billion power plant of 1,320 megawatts on imported coal, has served a...
ISLAMABAD: Highlighting fiscal risks at the end of the current fiscal year, the Ministry of Finance (MoF) on Tuesday wished the inflation peaking...
A day after International Monetary Fund (IMF) mission chief Nathan Porter commented on the country’s political situation, Minister of State for...
Finance Minister Ishaq Dar announced on Wednesday that the price of petrol was being cut by Rs8 and diesel by Rs5 per litre for the next fortnight....
• WFP, FAO report notes $77.5bn to be repaid over next three years • Political instability, lack of IMF deal to hit ability to import food...
The International Monetary Fund (IMF) remains in touch with Pakistan’s authorities in order to pave the way for a board meeting before a...
Tesla Chief Executive Elon Musk on Tuesday kicked off a high-stakes visit to China with a meeting with the country’s foreign minister in Beijing,...
Minister of State for Petroleum Musadik Malik said on Tuesday that the import of cheap oil from Russia would not result in an immediate decrease in...
KARACHI: Credit cards have failed to gain currency in Pakistan as they hold a meagre 4 per cent share in the overall card payment system due to the...
ISLAMABAD: The real estate builders and developers on Monday urged Finance Minister Ishaq Dar to unveil a comprehensive package in the coming...
KARACHI: Pakistan’s international bonds continue to trade at a distressed level despite forceful statements by Finance Minister Ishaq Dar about...
KARACHI: The prices of wheat and pulses have failed to subside even after massive imports in the first 10 months of the current fiscal year as...
ISLAMABAD: The government has a “strategic plan” to promote Islamic finance, but banks and other financial institutions should not exploit the...
ISLAMABAD: In the absence of an approved policy, the federal government has allowed Sindh to earn $200-220 million (about Rs57-63 billion) of...
The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index opened in the green on Monday and gained more than 400 points on expectations of an...
Dal is a humble meal. Be it the big boss man opting for a light meal in his air-conditioned office or his guard sweating in boots with a gun on his...
The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index opened in the green on Monday and gained more than 300 points on expectations of an...
ISLAMABAD: As the United Nations roadmap outlines solutions to cut global plastic pollution, new options are being explored to use plastic waste as...
Forex-starved Pakistan earned $2.6 billion last fiscal year through exports of information and communication technology (ICT) services. And within...
Societies leaning towards capitalism have small governments that provide essential public goods to the people, formulate policy and leave the rest...
After much dilly-dallying, Pakistan has made its first purchase of Russian crude oil — at a “discounted” price. With Russia looking for new...
In Greek mythology, Procrustes was a unique character known for his obsession of making his guests fit perfectly in his iron bed. His methodology,...
The game of chickens in the political arena can lead to economic malaise; the United States is on the verge of it. The deadlock between President...
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