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Inflation hits nine-year low at 2.4pc

Inflation hits nine-year low at 2.4pc

ISLAMABAD: The annual inflation maintained a decelerating trend, hitting a nine-year low at 2.4 per cent year-on-year in January, mainly due to a...

latest 20

Dawn Business

Mubarak Zeb Khan

China hits back with tariffs on US goods after Trump imposes new levies

China hits back with tariffs on US goods after Trump imposes new levies

China on Tuesday slapped tariffs on US imports in a rapid response to new US duties on Chinese goods, renewing a trade war between the world’s top...

latest 30

Dawn Business

Reuters

FBR demands Rs18bn from tractor maker

FBR demands Rs18bn from tractor maker

ISLAMABAD: Following the directives of the Presidency, the inquiry by the audit department of the Federal Board of Revenue (FBR) has finalised a...

latest 10

Dawn Business

The Newspapers Staff Reporter

Aurangzeb thanks provinces for passing agri tax law

Aurangzeb thanks provinces for passing agri tax law

ISLAMABAD: Finance Mini­ster Muhammad Aurangzeb on Monday thanked the provincial governments for imposing the agriculture income tax (AIT), in line...

latest 10

Dawn Business

Khaleeq Kiani

Merchandise exports post meagre growth

Merchandise exports post meagre growth

ISLAMABAD: The exports of merchandise slowed for the third consecutive month in January due to a slight fall in international demands, the Pakistan...

latest 20

Dawn Business

Mubarak Zeb Khan

OpenAI’s Altman clinches deal with Kakao, second major Asian alliance this week

OpenAI’s Altman clinches deal with Kakao, second major Asian alliance this week

OpenAI said on Tuesday it will develop artificial intelligence (AI) products for South Korea with chat app operator Kakao, unveiling a second major...

latest 20

Dawn Business

Reuters

Sindh Assembly passes bill to tax agriculture income

• No tax on livestock • SRB, not FBR, to collect farm tax in province • Super tax on income exceeding Rs150m • Murad slams Centre for not involving...

latest 30

Dawn Business

Tahir Siddiqui

Govt to unveil corruption-free Ramazan package sans utility stores: PM Shehbaz

Govt to unveil corruption-free Ramazan package sans utility stores: PM Shehbaz

Prime Minister Shehbaz Sharif on Tuesday said that the government would unveil the Ramazan relief package this year without the Utility Stores...

latest 10

Dawn Business

Dawn.com

Govt gets another shot at PIA sale

Govt gets another shot at PIA sale

ISLAMABAD: The government is making another attempt to privatise PIA after the previous effort in which a sole investor submitted a bid of Rs10...

latest 10

Dawn Business

Amin Ahmed

Proceedings suspended as Karachi Bar Association boycotts city courts

Proceedings suspended as Karachi Bar Association boycotts city courts

KARACHI: Legal proceedings at the City Courts and subordinate judiciary completely suspended on Monday on the strike call of the Karachi Bar...

latest 20

Dawn Business

Sumair Abdullah

CM Sindh Murad forms committees to facilitate businesses

CM Sindh Murad forms committees to facilitate businesses

KARACHI: Sindh Chief Minister Murad Ali Shah has formed eight ministerial committees to resolve problems traders and industrialists face across the...

latest 10

Dawn Business

The Newspapers Staff Reporter

Cement sales fall

Cement sales fall

KARACHI: Despite a rise of 11.64 per cent in sales during January, local cement despatches recorded a 7.6pc drop to 21.435 million tonnes during...

latest 10

Dawn Business

The Newspapers Staff Reporter

PM Shehbaz vows to take country towards economic growth

PM Shehbaz vows to take country towards economic growth

Prime Minister Shehbaz Sharif on Tuesday said that the government would unveil the Ramazan relief package this year without the Utility Stores...

latest 10

Dawn Business

Dawn.com

Food security minister vows reforms as lint output plunges 34pc

Food security minister vows reforms as lint output plunges 34pc

ISLAMABAD/LAHORE: National Food Security Minister Rana Tanveer Hussain said on Monday that the government was working to reform the cotton sector,...

latest 10

Dawn Business

Amin Ahmed

While Pakistan did not have official pavilion at World Economic Forum, its presence was strongly felt

Quantifying the benefits of participating in a global economic event is challenging, as the outcomes often involve a time lag. The government has...

yesterday 60

Dawn Business

Afshan Subohi

Bears take hold of PSX as shares decline 1,500 points on Trump’s trade war

Bears take hold of PSX as shares decline 1,500 points on Trump’s trade war

Bears took hold of the trading floor on Monday at the Pakistan Stock Exchange (PSX) as shares proceeded to decline 1,500 points. The benchmark...

yesterday 40

Dawn Business

Reuters

CPI inflation slows to 2.41pc for January — lowest in 9 years

CPI inflation slows to 2.41pc for January — lowest in 9 years

Pakistan’s consumer price index (CPI) inflation rate maintained a sharp deceleration trend on Monday, hitting more than a 9-year low at 2.41 per...

yesterday 60

Dawn Business

Dawn.com

Bears take hold of PSX as shares decline 1,100 points in intraday trade

Bears take hold of PSX as shares decline 1,100 points in intraday trade

Bears took hold of the trading floor on Monday at the Pakistan Stock Exchange (PSX) as shares proceeded to decline 1,500 points. The benchmark...

yesterday 20

Dawn Business

Reuters

Pakistan signs agreement to defer $1.2bn payment for Saudi oil

Pakistan signs agreement to defer $1.2bn payment for Saudi oil

The federal government on Monday signed an agreement with the Saudi Fund for Development (SFD) to defer by one year a $1.2 billion payment on oil...

yesterday 50

Dawn Business

Reuters

China to propose restoring 2020 ‘Phase 1’ trade deal with US: report

China to propose restoring 2020 ‘Phase 1’ trade deal with US: report

China’s initial proposal to tariffs imposed by US President Donald Trump’s administration will centre on restoring the “Phase 1” trade deal...

yesterday 50

Dawn Business

Reuters

Continuing digital challenges

On one hand, Starlink and 5G float into the news. On the other hand, existing connectivity leaves a lot to be desired. For example, a two-year...

yesterday 40

Dawn Business

Fatima S Attarwala

India vows to avoid protectionist signals on trade, says top official

India vows to avoid protectionist signals on trade, says top official

India does not want to give any signal that it is protectionist, the top bureaucrat in the finance ministry said, after slashing import duties on...

yesterday 30

Dawn Business

Reuters

Safeguarding wetlands for a healthier planet

Safeguarding wetlands for a healthier planet

Wetlands are precious ecosystems with life, service, and value for society. They make our existence on Earth possible. Highly interconnected and...

yesterday 30

Dawn Business

Nasir Ai Panhwar

Uzbek investors interested in investment in Balochistan, says envoy

Uzbek investors interested in investment in Balochistan, says envoy

QUETTA: The Uzbekistan amba­ssador to Pakistan, Ali Sher, has reaffirmed his country’s commitment to strengthening trade relations with Pakistan...

yesterday 20

Dawn Business

Saleem Shahid

Splurging of public money continues, which may necessitate govt borrowing to increase again

Pakistan’s Foreign Office adjusted its position — within a week — on US President Donald Trump’s announcement about retrieving leftover American...

yesterday 20

Dawn Business

Mohiuddin Aazim

Can we reverse the investor exodus?

Can we reverse the investor exodus?

Pakistan’s economy is at a critical juncture, struggling to attract foreign direct investment (FDI) while witnessing an exodus of international...

yesterday 50

Dawn Business

Shahid Yusaf

Gas companies cry foul amid IMF-driven policy shake-up

Gas companies cry foul amid IMF-driven policy shake-up

• SNGPL warns of financial crisis, excess RLNG supply over captive power plants’ exit from gas grid • Says policy allowing private competitors to...

yesterday 10

Dawn Business

Khaleeq Kiani

Sindh set to amend farm income law amid PPP lawmakers’ concerns

Sindh set to amend farm income law amid PPP lawmakers’ concerns

KARACHI: The Sindh cabinet is set to approve a proposal to amend the provincial agriculture income tax law to revise tax brackets in compliance...

yesterday 20

Dawn Business

Imran Ayub

The case for local production

As the local bus assemblers have already been struggling hard to revive their sales amid ongoing imports of new buses, the Sindh government has...

yesterday 10

Dawn Business

Aamir Shafaat Khan

Lagging behind in the economic race

Globally, Pakistan is the 5th largest market in terms of absolute customer base, powered by a young demographic and a growing population. These...

yesterday 20

Dawn Business

Muhammad Ijlal Noor Malhi

Azerbaijan to invest $2bn as PM Shehbaz plans Baku visit

Azerbaijan to invest $2bn as PM Shehbaz plans Baku visit

ISLAMABAD: Azerbaijan will sign agreements in various sectors worth $2 billion for investment in Pakistan during the upcoming visit of Prime...

previous day 80

Dawn Business

Amin Ahmed

Uncertainty turns PSX red in January after five months

Uncertainty turns PSX red in January after five months

KARACHI: After robust performances in the last five months, the Pakistan Stock Exchange (PSX) turned bearish in the first month of 2025 due to...

previous day 50

Dawn Business

Muhammad Kashif

Sindh asks Centre to consult it for gas sale

Sindh asks Centre to consult it for gas sale

KARACHI: Sindh Chief Minister Murad Ali Shah has called upon the federal government to not allow the sale of oil and gas extracted from Sindh...

previous day 30

Dawn Business

Tahir Siddiqui

Low interest rate fails to spur growth

Low interest rate fails to spur growth

KARACHI: Despite a steep fall in the interest rate, the monetary expansion remained negative during the first seven months of the current fiscal...

previous day 10

Dawn Business

Shahid Iqbal

Record 3,442 firms enrolled in January

Record 3,442 firms enrolled in January

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has achieved a historic milestone by incorporating a record number of...

previous day 2

Dawn Business

The Newspapers Staff Reporter

Growing fuel imports widen trade gap with Middle East

Growing fuel imports widen trade gap with Middle East

ISLAMABAD: Pakistan’s trade deficit with the Middle East increased 5.14 per cent to $6.558 billion in the first half of the current fiscal year from...

previous day 2

Dawn Business

Mubarak Zeb Khan

FBR foils ‘attempt to game faceless assessment system’

FBR foils ‘attempt to game faceless assessment system’

ISLAMABAD: The FBR has foiled an attempt by fraudsters to game the newly launched faceless customs assessment system (FCAS) at Karachi ports and...

previous day 20

Dawn Business

The Newspapers Staff Reporter

India offers middle-class tax relief to support growth

India offers middle-class tax relief to support growth

NEW DELHI: India plans to cut personal income tax rates to boost middle-class spending power, Finance Minister Nirmala Sitharaman said on Saturday,...

previous day 30

Dawn Business

Reuters

Gold loses shine for buyers as prices continue to rise

Gold loses shine for buyers as prices continue to rise

KARACHI: Gold continued to record on Saturday with prices of 10 grams and one tola, reaching another historic high. The rising price has also made...

previous day 20

Dawn Business

Aamir Shafaat Khan

NHA cancels bids opening for Rs85bn project

NHA cancels bids opening for Rs85bn project

ISLAMABAD: Amid allegations of an unfair evaluation process, the National Highway Authority (NHA) on Friday shelved the opening of bids for Rs85...

sunday 20

Dawn Business

Syed Irfan Raza

Trump to impose tariffs on Canada, Mexico, China today

Trump to impose tariffs on Canada, Mexico, China today

WASHINGTON: US President Donald Trump on Saturday will implement tariffs of 25 per cent on Canadian and Mexican imports and 10pc on Chinese goods...

sunday 50

Dawn Business

Reuters

Weekly inflation slows to 0.4pc

Weekly inflation slows to 0.4pc

ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), further slowed to 0.44 per cent year-on-year in the week ending Jan...

sunday 20

Dawn Business

The Newspapers Staff Reporter

Zarea plans Rs1bn IPO

Zarea plans Rs1bn IPO

KARACHI/ISLAMABAD: Zarea Ltd, a leading B2B digital marketplace for commodities, on Saturday announced to raise Rs1 billion through initial public...

sunday 20

Dawn Business

The Newspapers Staff Reporter

SBP chief pushes banks to expand agri-financing

SBP chief pushes banks to expand agri-financing

• Hails record Rs2.22tr agriculture credit in FY24 • Financing in first half of FY25 reaches Rs1.27tr KARACHI: The State Bank of Pakistan reported...

sunday 8

Dawn Business

The Newspapers Staff Reporter

Govt urged to renegotiate trade agreements

Govt urged to renegotiate trade agreements

KARACHI: Pakistan Business Council (PBC) has recommended comprehensive benchmarking of export incentives with competitor countries, advising the...

sunday 20

Dawn Business

The Newspapers Staff Reporter

Equities recover another 1,049 points

Equities recover another 1,049 points

KARACHI: The stock market continued its recovery drive for the second straight session on renewed buying interest enthused by hopes for another...

sunday 20

Dawn Business

Muhammad Kashif

January collection target missed by Rs85bn

January collection target missed by Rs85bn

ISLAMABAD: The Federal Board of Revenue (FBR) missed its revenue collection target of nearly Rs85 billion in January due to lower-than-expected...

sunday 1

Dawn Business

Mubarak Zeb Khan

foreign reserves fall

foreign reserves fall

KARACHI: The foreign exchange reserves of the State Bank of Pakistan (SBP) declined $76 million to $11.372 billion during the week ended on Jan 24...

01.02.2025 40

Dawn Business

The Newspapers Staff Reporter

Govt moves to integrate captive power plants into national grid

Govt moves to integrate captive power plants into national grid

• Power division directs distribution companies, K-Electric to sign service-level agreements • New accords set reliability standards for industrial...

01.02.2025 2

Dawn Business

Khaleeq Kiani

GSP+ benefits depend on progress in addressing ‘list of issues’, EU reminds Pakistan

GSP+ benefits depend on progress in addressing ‘list of issues’, EU reminds Pakistan

The European Union (EU) on Friday reminded Pakistan that trade benefits enjoyed by the country under the Generalised Scheme of Preferences Plus...

01.02.2025 60

Dawn Business

Abdullah Momand