Business Archives - Page 63 of 98 - Abb Takk News

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Pakistan, Azerbaijan agree to enhance bilateral trade, cooperation in different areas including energy, defence

Abuzar UsamaJune 15, 2023June 15, 2023

June 15, 2023June 15, 20230482

Baku: Pakistan and Azerbaijan have agreed to enhance their bilateral trade and promote cooperation in different areas including energy and defence. This came at a...

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Technical meeting with IMF to determine future of Pakistan’s programme: Ayesha

Abuzar UsamaJune 14, 2023June 14, 2023

June 14, 2023June 14, 20230420

ISLAMABAD: Minister of State for Finance and Revenue Ayesha Ghous Pasha on Wednesday said that Finance Minister Ishaq Dar had a virtual conversation with the...

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Ghee, Cooking oil prices reduced by third time at utility stores

Abuzar UsamaJune 14, 2023June 14, 2023

June 14, 2023June 14, 20230409

Islamabad: Once again prices of Branded Ghee reduced by Rs 60 at the utility stores across the country. The prices of cooking oil decreased by...

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Dollar devalues by Rs 4 in open market

Abuzar UsamaJune 14, 2023June 14, 2023

June 14, 2023June 14, 20230447

Karachi: The change in the US dollar is continued as Rs 4 devalued in its price after it which closed at Rs 294. The greenback...

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Benefits of crude oil imported from Russia to be passed on people very soon: Mussadiq

Abuzar UsamaJune 13, 2023June 13, 2023

June 13, 2023June 13, 20230429

Islamabad: Minister of State for Petroleum Dr. Musadik Malik has said that circular debt vis-a-vis gas has been reduced to Zero due to prudent policies...

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SBP keeps interest rate unchanged

shan khanJune 12, 2023June 12, 2023

June 12, 2023June 12, 20230537

KARACHI: The State Bank of Pakistan (SBP) maintained the benchmark interest rate at 21pc as it announced monetary policy on Monday. The Monetary Policy Committee...

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First ship of discounted Russian oil docks at Karachi port: PM Shehbaz

shan khanJune 12, 2023June 12, 2023

June 12, 2023June 12, 20230559

KARACHI: First Russian cargo ship successfully anchored at Karachi port, carrying a substantial load of 45,142 metric tons of crude oil. Prime Minister Shehbaz Sharif...

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CM Murad unveils Rs2.2tr Sindh budget

shan khanJune 10, 2023June 10, 2023

June 10, 2023June 10, 20230474

KARACHI: With a focus on the rehabilitation of flood-affected people, Sindh Chief Minister Murad Ali Shah on Saturday presented a budget of Rs2.2 trillion for the...

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Sindh proposes up to 35% hike in government employees’ salaries

shan khanJune 10, 2023June 10, 2023

June 10, 2023June 10, 20230546

The Sindh government has proposed increasing government employees’ salaries by up to 35% in the provincial budget for fiscal year 2023-24. Sindh Chief Minister Murad...

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Business community hails federal budget 2023-24

shan khanJune 10, 2023June 10, 2023

June 10, 2023June 10, 20230552

Business leaders have hailed the federal budget 2023-24 saying it would spur growth. President Federation of Pakistan Chambers of Commerce and Industry Irfan Iqbal Sheikh...

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Federal PSDP budgeted at Rs1150b for FY 2023-24

shan khanJune 9, 2023June 9, 2023

June 9, 2023June 9, 20230485

The budget envisages federal Public Sector Development Programme worth 1150 billion rupees, which is the highest ever in terms of its size, reflecting government’s commitment...

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Growth target of 3.5 percent set for the next fiscal year: Dar

Abuzar UsamaJune 9, 2023June 9, 2023

June 9, 2023June 9, 20230568

Islamabad: The Finance Minister Ishaq Dar said that a modest growth target of 3.5 percent has been set for the next fiscal year. He said...

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Agriculture credit enhanced to Rs 2250 billion, custom duty on seeds, sapling waived off

Abuzar UsamaJune 9, 2023June 9, 2023

June 9, 2023June 9, 20230623

Islamabad: Finance Minister said that the limit of agri credit is being enhanced to 2250 billion rupees as compared to 1800 billion rupees of the...

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Federal budget 2023-24 with a total outlay of 14460 billion rupees presented in NA

Abuzar UsamaJune 9, 2023June 9, 2023

June 9, 2023June 9, 20230437

Islamabad: The federal budget 2023-24 with a total outlay of 14460 billion rupees has been announced with focus on economic stability, sustainable and inclusive growth...

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Difficult decisions must have to be taken for improvement of the economy: Ishaq Dar

Abuzar UsamaJune 9, 2023June 9, 2023

June 9, 2023June 9, 20230557

Islamabad: Finance Minister Ishaq Dar has said that for improvement in economy difficult decisions will must have to be taken owing to which people will...

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Cabinet approves budgetary proposals of 2023-2024 and finance bill 2023

Abuzar UsamaJune 9, 2023June 9, 2023

June 9, 2023June 9, 20230574

Islamabad: Prime Minister Shehbaz Sharif on Friday said a country’s sound economic growth was linked with its political stability. “Without political stability, even billions of...

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Shehbaz govt presents over Rs14tr outlay budget for FY24 today

shan khanJune 9, 2023June 9, 2023

June 9, 2023June 9, 20230409

ISLAMABAD – The coalition government is all set to present the federal budget for the fiscal year 2023-24, with an estimated outlay of more than...

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Dollar appreciates by Rs 5 in open market

Abuzar UsamaJune 8, 2023June 8, 2023

June 8, 2023June 8, 20230564

Karachi: The ping pong of the US dollar continued on Thursday as well as it appreciated again after its devaluation yesterday by Rs 5 in...

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Govt rescued crippling economy, averted default in face of serious inherited challenges: Dar

Abuzar UsamaJune 8, 2023June 8, 2023

June 8, 2023June 8, 20230408

ISLAMABAD: Finance Minister Ishaq Dar says the government has rescued the crippling economy and averted default in the face of serious inherited challenges on internal...

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Dar along with economic team call on PM to present Economic Survey of 2022-23

Abuzar UsamaJune 8, 2023June 8, 2023

June 8, 2023June 8, 20230472

Islamabad: The government’s economic team led by Finance Minister Ishaq Dar called on Prime Minister Shehbaz Sharif in Islamabad on Thursday and presented the Economic...

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Finance Minister formally launched the ‘Pakistan Economic Survey 2022-23’

Abuzar UsamaJune 8, 2023June 8, 2023

June 8, 2023June 8, 20230507

Islamabad: Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar Thursday formally launched the ‘Pakistan Economic Survey 2022-23’, the pre-budget document which shared key...

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Finance Minister to present Economic Survey of current financial year in Islamabad today

shan khanJune 8, 2023June 8, 2023

June 8, 2023June 8, 20230408

Economic Survey, containing the details of major socio-economic achievements during the outgoing fiscal year will be launched in Islamabad today. Finance Minister Ishaq Dar will...

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Economic Survey 2022-23 to be launched tomorrow

shan khanJune 7, 2023June 7, 2023

June 7, 2023June 7, 20230418

Economic Survey, containing the details of major socio-economic achievements during the outgoing fiscal year will be launched in Islamabad tomorrow (Thursday). Finance Minister Ishaq Dar...

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Dollar sheds by 26paisas in interbank

shan khanJune 7, 2023June 7, 2023

June 7, 2023June 7, 20230414

KARACHI: The dollar shed by 26paisas in interbank on Wednesday and is currently trading at Rs286.30. The greenback was closed at Rs286.56 on Tuesday....

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PSX witnesses bullish trend

shan khanJune 7, 2023June 7, 2023

June 7, 2023June 7, 20230380

KARACHI: The Pakistan Stock Exchange on Wednesday witnessed bullish trend at the start of the third day of the business week. The KSE-100 index crossed...

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Ghee price decreases across the country: USC

Abuzar UsamaJune 6, 2023June 6, 2023

June 6, 2023June 6, 20230400

Islamabad: The Utility Store Corporation USC has reduced the prices of subsidized ghee provided under the Prime Minister’s Relief Package by Rs 80 per kg...

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Karachi Business community rejects govt decision to close business, shops till at 8 pm night

Abuzar UsamaJune 6, 2023June 6, 2023

June 6, 2023June 6, 20230724

Karachi: President Anjuman-e-Tajiran Karachi (ATK) Javed Shams has rejected the federal government decision closure of shops and markets at 8 pm at night. The ATK...

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Govt decides to close market and shops till at 8 pm night under energy saving project

Abuzar UsamaJune 6, 2023June 6, 2023

June 6, 2023June 6, 20230478

Islamabad: National Economic Council (NEC) meeting has decided to close shops and markets all across the country at 8 pm. Prime Minister Shahbaz Sharif has...

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PM for inclusion of mega incentives for IT sector in fiscal budget

Abuzar UsamaJune 6, 2023June 6, 2023

June 6, 2023June 6, 20230397

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Tuesday directed the relevant authorities to include mega incentives for the Information Technology sector in the fiscal budget...

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IMF insistence of to do more continues as it demands revenue target be extended

Abuzar UsamaJune 6, 2023June 6, 2023

June 6, 2023June 6, 20230383

Islamabad: International Monetary Fund (IMF) has demanded for Pakistan to do more as it international lender demanded to increase revenue. The IMF demanded that revenue...

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Govt decides to make energy reforms part of the budget 2023-24

Abuzar UsamaJune 6, 2023June 6, 2023

June 6, 2023June 6, 20230426

ISLAMABAD: The government on Tuesday decided to make energy reforms a part of the budget 2023-24 in order to cut reliance on imported fuel. The...

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PSX turns bullish today as its gains 314 points

Abuzar UsamaJune 5, 2023June 5, 2023

June 5, 2023June 5, 20230419

Karachi: The 100-index of the Pakistan Stock Exchange (PSX) gained 314.95 points on Monday. A total of 145,177,892 shares were traded during the day as...

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US dollar once again bounce back to Rs 308 today after uptick of Rs 8

Abuzar UsamaJune 5, 2023June 5, 2023

June 5, 2023June 5, 20230354

Karachi: The US dollar once again bounced back on Monday as it climbed to 308 after an uptick of Rs 8 in the open market....

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ECC approves Rs12b for NDMA

shan khanJune 5, 2023June 5, 2023

June 5, 2023June 5, 20230375

Economic Coordination Committee at its meeting chaired by Finance Minister Ishaq Dar in Islamabad today accorded approval for issuance of government of Pakistan guarantee amounting...

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$220mln to be earned by leasing PIA’s Roosevelt Hotel in New York: Saad

Abuzar UsamaJune 4, 2023June 4, 2023

June 4, 2023June 4, 20230419

Lahore: Minister for Railways and Aviation Khawaja Saad Rafique says the precious asset of the PIA Roosevelt Hotel, New York has been leased out for...

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Trade deficit narrows by 40.6% to $25.8bn in July-May

shan khanJune 3, 2023June 3, 2023

June 3, 2023June 3, 20230445

ISLAMABAD: Pakistan’s trade deficit narrowed by 40.6% to $25.8 billion during the July-May period of the fiscal year 2022-23, compared to $43.41 billion in the...

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Govt taking prudent initiatives for ease of doing business: Dar

shan khanJune 3, 2023June 3, 2023

June 3, 2023June 3, 20230435

Minister for Finance and Revenue Ishaq Dar says the government is taking prudent initiatives for ease of doing business and economic growth of the country. Talking...

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Pakistan’s weekly inflation remains above 42pc

shan khanJune 2, 2023June 2, 2023

June 2, 2023June 2, 20230380

ISLAMABAD: The weekly inflation, measured by Sensitive Price Indicator (SPI), witnessed an increase of 0.03 pc to jump to 42.67pc on a year-on-year basis for...

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US dollar Substantially decreases by Rs 12 after SBP allows credit card settlement in inter-bank rates

Abuzar UsamaJune 1, 2023June 1, 2023

June 1, 2023June 1, 20230500

Karachi: After the State Bank of Pakistan (SBP) allowed credit card settlement in the inter-bank rates, the US dollar suddenly devalued by Rs 12 in...

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OGRA decreases LPG prices by Rs 37 per Kg for June

Abuzar UsamaJune 1, 2023June 1, 2023

June 1, 2023June 1, 20230550

Islamabad: Oil and Gas Regulatory Authority (OGRA) has decreased Liquefied petroleum gas (LPG) prices for month of June by Rs 37 per Kg. The OGRA...

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Dollar decreases by Rs 11 in Open market as SBP allowed credit card settlement in Inter-bank rates

Abuzar UsamaJune 1, 2023June 1, 2023

June 1, 2023June 1, 20230644

Karachi: The US dollar on Thursday substantially decreased by Rs 11 in open market as the SBP allowed yesterday credit card settlement in the inter-bank...

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Petrol price slashed by Rs8 per litre

shan khanMay 31, 2023May 31, 2023

May 31, 2023May 31, 20230475

The federal government reduced the prices of petroleum products Wednesday by up to Rs8 per litre. The decision was announced by Finance Minister Ishaq Dar...

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Secretary ECA lauds SBP over allowing credit card settlement through inter-bank rate

Abuzar UsamaMay 31, 2023June 1, 2023

May 31, 2023June 1, 20230492

Karachi: The Secretary Exchange Companies Association (ECA) Zafar Paracha has lauded the State Bank of Pakistan (SBP). Before this, dollars were bought from the exchange...

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SBP allows settlement of credit card through inter-bank exchange rate

Abuzar UsamaMay 31, 2023May 31, 2023

May 31, 2023May 31, 20230540

Karachi: State Bank of Pakistan (SBP) on Wednesday allowed settlement of credit card through an inter-bank exchange rate. The SBP has also issued letter in...

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Edible oil further reduced by Rs 93 per liter at utility stores across country

Abuzar UsamaMay 31, 2023May 31, 2023

May 31, 2023May 31, 20230484

Islamabad: Government on Wednesday provided more relief to masses in edible oil as it decreased its prices by Rs 93 per liter in utility stores...

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Ayesha Ghous Pasha declares IMF mission chief statement intervention in country’s affairs.

Abuzar UsamaMay 31, 2023May 31, 2023

May 31, 2023May 31, 20230534

Islamabad: State Minister for Finance Ayesha Ghous Pasha has declared International Monetary Fund (IMF) mission chief to Pakistan Nathan Porter statement intervention in the country’s...

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Govt introduces number of policy initiatives to bring stability in economy: Dar

Abuzar UsamaMay 31, 2023May 31, 2023

May 31, 2023May 31, 20230481

Islamabad: Finance Minister Ishaq Dar says the current government has introduced a number of policy initiatives to bring stability and growth in the economy and...

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Ishaq Dar says ‘IMF programme’s 9th review not yet finalised’

shan khanMay 30, 2023May 30, 2023

May 30, 2023May 30, 20230430

ISLAMABAD: Finance Minister Ishaq Dar said on Tuesday that Pakistan’s agreement with the International Monetary Fund (IMF) for the programme’s 9th review has not been...

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Making efforts to hold board meeting in June, focus to be on budget in talks with Pakistan: Nathan Porter

Abuzar UsamaMay 30, 2023May 30, 2023

May 30, 2023May 30, 20230645

Islamabad: The mission chief of the the International Monetary Fund (IMF) Nathan Porter has said that Pak-IMF program not ended now adding that he is...

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Gold price registers drop in Pakistan

shan khanMay 30, 2023May 30, 2023

May 30, 2023May 30, 20230439

Despite an increase in the international rate, gold’s value declined in Pakistan for the second consecutive day Tuesday. Data provided by the All Pakistan Sarafa...