President Zardari constitutes National Economic Council
PM nominates Ishaq Dar, Ahsan Iqbal, Khawaja Asif and Muhammad Aurangzeb to be part of 13-member body.
Related
PSX Highlights of the Day
| Company | Price | Change | Change % | Volume |
|---|---|---|---|---|
| PASLDEF | 1.5000 | 0.8000 | 114.29 ▲ | 78,926,466 |
| CLCPSDEF | 3.0000 | 1.0000 | 50.00 ▲ | 6,672,077 |
| HIRATDEF | 3.8200 | 1.0000 | 35.46 ▲ | 8,326,166 |
| DSIL | 3.9000 | 1.0000 | 34.48 ▲ | 5,737,994 |
| CHBLDEF | 5.1900 | 1.0000 | 23.87 ▲ | 4,655,282 |
Source: PSX | Updated Jun 07, 2024
Govt says PIA flights to Europe to be restored soon
State minister for finance says detailed action plan submitted to EU Aviation Safety Agency with verification under way.
PM Shehbaz, President Xi agree to upgrade CPEC, advance development in 2nd phase
Xi assures China's continued support for Pakistan’s sovereignty and territorial integrity, asks PM Shehbaz to step up efforts to ensure security of Chinese projects.
FBR to miss FY24 target by Rs175bn ‘due to stay orders’
Govt plans to raise tax rates and withdraw exemptions.
Govt gives tentative plan to present budget on 12th
NA speaker forms three interim committees to get approval for pending bills.
Rs3.33 per unit hike in electricity bills notified for April
Govt confirms on record a minor impact of solar net metering on electricity sales.
SBP’s reserves rise, banks’ fall by $116m
Central bank reports that reserves increased by a meagre $16m to $9.109bn.
Talks continuing virtually: IMF
IMF communications director says discussions focus on new Extended Fund Facility to reach an SLA.
PM Shehbaz vows to follow Chinese development model
Seeks investment for communications infrastructure project; swift completion of Sahiwal Coal Power Plant praised.
First cherry shipment sent to China
A total quantity of 260 tonnes is expected to be shipped by the end of June.
Highlights
Aurora
Business & Finance
Aramco’s steady strategic play
By establishing a presence in this emerging market, the oil giant seeks to capitalise on Pakistan’s growing energy demands.
Farmer frustrations heighten
The government must pursue long-term policies to enhance crop yields and address food inflation instead of short-sighted myopic ones.
From risk to resilience
Seriously considering climate risk management and reporting policies could help Pakistani businesses reduce vulnerabilities.
Finance: Pressing need for political stability
An external funding cushion along with stable government forces is needed to ensure continued economic recovery in the near future.