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State Bank consulting peers to introduce digital currency

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...

yesterday 10

Dawn Business

The Newspapers Staff Reporter

Govt looks for new IMF loan deal beyond stalled review

• Fresh programme inevitable given $25bn external financing needs in next fiscal year • Aisha says lender now insists on actions, not words, as...

yesterday 10

Dawn Business

Khaleeq Kiani

Stocks lose 64 points in directionless trading

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...

yesterday 7

Dawn Business

The Newspapers Staff Reporter

Cement sales rise

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....

yesterday 6

Dawn Business

The Newspapers Staff Reporter

LPG prices slashed by Rs37 per kg for June

ISLAMABAD: In line with falling international energy prices, the Oil and Gas Regulatory Authority (Ogra) on Thursday slashed the price of...

yesterday 5

Dawn Business

Khaleeq Kiani

FBR misses collection target

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...

yesterday 8

Dawn Business

Mubarak Zeb Khan

Sindh posts record jump in monthly collection

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...

yesterday 7

Dawn Business

Mubarak Zeb Khan

Dollar takes Rs15 dip in open market on SBP move

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...

yesterday 7

Dawn Business

Shahid Iqbal

India opposition leader Rahul Gandhi takes a dig at Modi over China in US visit

Indian opposition leader Rahul Gandhi on Thursday criticized Prime Minister Narendra Modi’s handling of relations with China, saying Beijing was...

yesterday 5

Dawn Business

Reuters

33pc of Pakistani crypto investors use it as hedge against rupee fall

KARACHI: One in every 10 crypto investors in Pakistan prefers to receive or pay salaries in virtual currency, according to a survey conducted by...

yesterday 10

Dawn Business

Kazim Alam

33pc Pakistanis invest in cryptos to hedge against rupee fall: survey

KARACHI: One in every 10 crypto investors in Pakistan prefers to receive or pay salaries in virtual currency, according to a survey conducted by...

yesterday 7

Dawn Business

Kazim Alam

Inflation hits record high as political turmoil simmers

ISLAMABAD: Consumer inflation raced to 38 per cent in May, the highest annual rise in prices on record, driven mainly by skyrocketing costs of...

yesterday 20

Dawn Business

Mubarak Zeb Khan

Govt exceeds auction target, borrows Rs2.3tr

KARACHI: The government raised Rs2.29 trillion through treasury bill auctions on Wednesday, surpassing the target, as well as the requirement for...

previous day 10

Dawn Business

Shahid Iqbal

Rupee appreciates by Rs10 in open market

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...

previous day 7

Dawn Business

Talqeen Zubairi

Rupee appreciates by Rs13 in open market

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...

previous day 8

Dawn Business

Talqeen Zubairi

Khawaja Asif terms IMF official’s statement ‘meddling in our internal affairs’

Defence Minister Khawaja Asif has termed International Monetary Fund (IMF) Pakistan chief Nathan Porter’s recent statement — which is being seen...

previous day 8

Dawn Business

Adil Shahzeb

Ecnec clears four projects worth Rs120bn

ISLAMABAD: The Exe­cutive Committee of the National Economic Council (Ecnec) on Wednesday approved four development projects in Azad Kashmir,...

previous day 10

Dawn Business

The Newspapers Staff Reporter

Minister airs optimism about IMF funds

• PM promises Fund chief ‘relief-budget’ within programme requirements • Terms statement by Nathan Porter ‘intervention in domestic...

previous day 4

Dawn Business

Khaleeq Kiani

Petrol drops to Rs262/litre after second cut in a row

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...

previous day 10

Dawn Business

Khaleeq Kiani

Stocks lose 341 points on profit selling

KARACHI: The Pakistan Stock Exchange (PSX) witnessed a negative session on Wednesday, with the benchmark index of representative shares ceding...

previous day 2

Dawn Business

The Newspapers Staff Reporter

Credit card settlements to use interbank dollar rate

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-...

previous day 2

Dawn Business

Shahid Iqbal

FBR misses revenue collection target for FY23 by 6.47pc

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...

previous day 1

Dawn Business

Mubarak Zeb Khan

Rupee appreciates by Rs11 in open market

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...

previous day 7

Dawn Business

Talqeen Zubairi

Chemical plant faces delays amid forex crunch

KARACHI: Engro Polymer and Chemicals Ltd (EPCL) — which is the country’s only manufacturer of polyvinyl chloride or PVC resin used in plastic...

previous day 2

Dawn Business

Kazim Alam

Annual inflation in May reaches record level of 37.97pc

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...

previous day 20

Dawn Business

Tahir Sherani

SECP warns public against falling prey to fraudsters

ISLAMABAD: The Securi­ties and Exchange Commission of Pakistan (SECP) has warned the general public against falling prey to fraudulent financial...

previous day 10

Dawn Business

Kalbe Ali

A close look at Pakistan’s balance-of-payments crisis

The level of economic uncertainty in Pakistan today is truly unprecedented. The political turmoil leading to a lack of clarity on the timeline of...

previous day 2

Dawn Business

Aadil Nakhoda

Discos allowed to extract Rs16bn

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Wednesday concluded that ex-Wapda distribution companies (Discos) would...

previous day 10

Dawn Business

The Newspapers Staff Reporter

Indonesia, Malaysia freeze trade talks with EU

BENGALURU: Indonesia and Malaysia will delay trade talks with the European Union (EU) while they seek fairer treatment for small palm oil...

previous day 10

Dawn Business

Reuters

IMF hopes for board meeting on Pakistan soon

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...

wednesday 7

Dawn Business

Reuters

Dangers posed by AI on a par with ‘pandemics, nuclear war’

PARIS: Global leaders should be working to red­u­­ce “the risk of extinction” from artificial intelligen­ce technology, a group of ind­ustry...

wednesday 20

Dawn Business

Agencies

Stocks add 332 points on positive triggers

KARACHI: The bullish momentum continued on the national bourse on Tuesday with the benchmark index of representative shares rising amid positive...

wednesday 8

Dawn Business

The Newspapers Staff Reporter

Chinese chilli seeds give higher yields

Red Sky variety of hybrid Chinese chillies grown at a model farm in Multan.—Dawn LAHORE: A local agriculture research company claims to have...

wednesday 4

Dawn Business

The Newspapers Staff Reporter

KTBA asks FBR to cut tax rates

ISLAMABAD: The Karachi Tax Bar Association (KTBA) has asked the Federal Board of Revenue (FBR) to reduce tax rates and address barriers which...

wednesday 10

Dawn Business

Mubarak Zeb Khan

Private sector credit shrinks by 98pc

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,...

wednesday 4

Dawn Business

Shahid Iqbal

Chinese IPP serves notice of payment default on CPPA

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...

wednesday 2

Dawn Business

Kazim Alam

Economy faces serious fiscal risks: ministry

ISLAMABAD: Highlighting fiscal risks at the end of the current fiscal year, the Ministry of Finance (MoF) on Tuesday wished the inflation peaking...

wednesday 1

Dawn Business

Khaleeq Kiani

IMF official shouldn’t interfere in domestic politics: state minister for finance

A day after International Monetary Fund (IMF) mission chief Nathan Porter commented on the country’s political situation, Minister of State for...

wednesday 1

Dawn Business

Tahir Sherani

Ishaq Dar announces 8-rupee cut in petrol price

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....

wednesday 1

Dawn Business

Dawn.com

Pakistan designated ‘very high concern’ area in food insecurity

• 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...

30.05.2023 70

Dawn Business

Amin Ahmed

IMF hoping for board meeting on Pakistan before current programme expires

The International Monetary Fund (IMF) remains in touch with Pakistan’s authorities in order to pave the way for a board meeting before a...

30.05.2023 10

Dawn Business

Reuters

Elon Musk kicks off China visit, Tesla expansion in focus

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,...

30.05.2023 3

Dawn Business

Reuters

Impact of imported Russian oil on fuel prices to take time: Musadik Malik

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...

30.05.2023 1

Dawn Business

Dawn.com

Debit cards hold lion’s share in payment system

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...

30.05.2023 8

Dawn Business

Shahid Iqbal

Builders seek end to regulatory duty

ISLAMABAD: The real estate builders and developers on Monday urged Finance Minister Ishaq Dar to unveil a comprehensive package in the coming...

30.05.2023 2

Dawn Business

Mubarak Zeb Khan

Trading in international bonds ‘distressed’ but no harbinger of default

KARACHI: Pakistan’s international bonds continue to trade at a distressed level despite forceful statements by Finance Minister Ishaq Dar about...

30.05.2023 2

Dawn Business

Kazim Alam

Prices of pulses, flour refuse to come down despite bulk imports

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...

30.05.2023 6

Dawn Business

Aamir Shafaat Khan

Plan ready to promote Islamic finance: Dar

ISLAMABAD: The government has a “strategic plan” to promote Islamic finance, but banks and other financial institutions should not exploit the...

30.05.2023 10

Dawn Business

Kalbe Ali

Centre allows Sindh to earn $200m through carbon credits

ISLAMABAD: In the abs­ence of an approved policy, the federal government has allowed Sindh to earn $200-220 million (abo­ut Rs57-63 billion) of...

29.05.2023 1

Dawn Business

Khaleeq Kiani

PSX gains over 400 points on expectations of ‘investor-friendly budget’

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...

29.05.2023 3

Dawn Business

Talqeen Zubairi

Imported bites

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...

29.05.2023 1

Dawn Business

Fatima S Attarwala

PSX gains over 300 points on expectations of ‘investor-friendly budget’

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...

29.05.2023 1

Dawn Business

Talqeen Zubairi

New options under study to use plastic waste in road construction: WB

ISLAMABAD: As the United Nations roadmap outlines solutions to cut global plastic pollution, new options are being explored to use plastic waste as...

29.05.2023 3

Dawn Business

Amin Ahmed

ICT exports need policy focus

Forex-starved Pakistan earned $2.6 billion last fiscal year through exports of information and communication technology (ICT) services. And within...

29.05.2023 10

Dawn Business

Mohiuddin Aazim

Stifling the private sector

Societies leaning towards capitalism have small governments that provide essential public goods to the people, formulate policy and leave the rest...

29.05.2023 2

Dawn Business

Asad Ejaz Butt

With Pakistan purchasing Russian oil, several impediments in the process still need to be overcome

After much dilly-dallying, Pakistan has made its first purchase of Russian crude oil — at a “discounted” price. With Russia looking for new...

29.05.2023 1

Dawn Business

Syed Rashid Husain

Chopping and stretching finances

In Greek mythology, Procrustes was a unique character known for his obsession of making his guests fit perfectly in his iron bed. His methodology,...

29.05.2023 3

Dawn Business

Sarfaraz A. Khan

Political game of chicken

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...

29.05.2023 1

Dawn Business

Muhammad Ghazanfar Sakrani

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