Business

Oil prices rose on Thursday on mounting supply tightness concerns amid disruptions to Russian exports, the potential for major producers to cut output, and the partial shutdown of a United States refinery. Brent crude rose 59 cents, or 0.6 per cent, to $101.81 a barrel by 0400 GMT, while US …

KARACHI: A range-bound session took place on the stock exchange on Wednesday as investors battled the blues of the rollover week in which futures contracts are either settled or rolled over to the next month. Arif Habib Ltd said the benchmark opened in the positive zone but sluggish activity marred …

• PM says body formed to fix responsibility on those who imposed fixed tax on traders against govt policy • Invites Qataris to invest in Pakistan ISLAMABAD: In view of the severe reaction from the general public and traders, the government on Tuesday exempted over 17 million electricity consumers from …

Oil prices fell on Wednesday, taking a breather from a near four per cent surge the previous day, on receding fears of an imminent output cut by the Organisation of the Petroleum Exporting Countries and allies, a group known as Opec+. Global benchmark Brent crude futures fell 40 cents, or …

The Islamic Almabad Khyber Pakhtunkhwa farmers petitioned the federal government on Monday to remove the advance tax on tobacco, which was levied at Rs 380 per kilogram. During a press conference held at the National Press Club in Islamabad, a demonstration in front of the Federal Board of Revenue in …

• predicts additional declines in the current account deficit due to moderate demand. Pakistan receives $4 billion from the UAE, Saudi Arabia, and Qatar. KARACHI: In an effort to slow down the economy and manage inflation, the State Bank of Pakistan (SBP) maintained its policy rate at 15% for the …

• Tobacco industry tax rates increased to raise an additional Rs. In Islamabad, the government increased taxes on tobacco products on Monday, aiming to raise an additional Rs 18 billion from the industry to meet a demand from the IMF before approving Pakistan’s bailout package on August 29. Additionally, it …

Islamic financial tools are experiencing a surge in popularity in Pakistan, marking a significant shift in the financial sector. Over the last two decades, Islamic banking has seen remarkable growth in the country, beginning its ascent in the early 21st century. This growth has been characterized by increased profitability, market …

Pakistan urgently needs to boost its exports to improve foreign exchange reserves and ensure long-term stability of its external account. Miftah Ismail, since taking over as Finance Minister, has highlighted the importance of increasing exports by enhancing domestic productivity and diversifying export products and markets. However, the current government has …