Category: Business

ISLAMABAD: The government is expecting the inflation rate to “remain on the higher trajectory” over the next couple of years owing to second-round effect of currency depreciation, higher energy prices, rising commodity prices in international market and base money creation. As such, the average inflation is expected to be 8.5 per cent in the next […]

ISLAMABAD: A meeting on Sunday between Prime Minister Imran Khan and leading businessmen and industrialists of the country ended without any decision on the grant of zero-rated status to the manufacturers of products that are exported. A participant of the meeting told Dawn on condition of anonymity that although the meeting could not take a final decision […]

A combination of austerity, revenue mobilisation and fiscal consolidation measures envisaged in next year’s budget can help bring much needed financial discipline if the three components are in the right proportion. It will be a difficult and uphill journey for the prime minister’s financial team which has been described as ‘a face of change’ by […]

The last two weeks of May saw dramatic twists and turns in the stock market. Despondency was in the air following a seven-week selling spree that saw the value of stocks plunge 14 per cent as the KSE-100 index touched a three-year low of 33,167 points. Finance Minister Dr Abdul Hafeez Shaikh met stockbrokers and […]

The rupee shed its value in the money market due to an increase in the demand for the US dollar ahead of Eidul Fitr holidays. The value of the greenback increased by Re0.75 in the interbank market and the dollar was traded at Rs148.90. Similarly, the value of the dollar in the open market climbed […]

One influential analyst called Amazon.com’s reported interest in the US wireless market “batshit crazy.” Another said it was a “trojan horse” to kill off the big wireless players. What’s becoming clear to the people who track the company is the ambitions of the world’s largest online retailer’s go far beyond replacing your phone service. Amazon […]

The United States will end preferential trade treatment for India from Wednesday, US President Donald Trump has announced, in a fresh economic headwind for New Delhi alongside slowing growth and record unemployment. India has been the single biggest beneficiary of the decades-old US Generalized System of Preferences programme, allowing the country to export $5.7 billion […]

China on Saturday increased tariffs on billions worth of US goods as it prepares to unveil a blacklist of “unreliable” foreign companies that analysts say aims to punish US and foreign firms cutting off supplies to telecoms giant Huawei. Beijing’s move hits $60 billion worth of US goods with new punitive tariffs ranging from five […]

Opposition parties lashed out against the government on Saturday after yet another increase in the prices of petroleum products. Petroleum prices in the country hit the highest-ever mark yesterday after the government announced a four per cent increase in oil prices for the month of June. The adjustment was made even though the international crude […]

ISLAMABAD: Despite a reduction in international crude price, the government on Friday increased the prices of petroleum products by up to 4pc for the month of June. With this adjustment, the petroleum prices in the country are now at the highest-ever mark despite the international crude market price at $67 per barrel, which is almost […]