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Oil at highest since 2014 following Turkey outage

19 Jan 22 14:32:57 +0500

Analysts forecast tight oil supply in 2022 with some predicting $100 per barrel

Tribune
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Market watch: Bearish spell persists as KSE-100 sheds 674 points

19 Jan 22 16:18:31 +0500

Benchmark index falls 1.48% to settle at 44,833.43

Tribune
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Income-expense gap widens to Rs1.8tr

19 Jan 22 20:19:54 +0500

Deficit jumps 29% in Jul-Dec 2021 due to uptick in current expenditures

Tribune
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Currency dealers oppose 16% FED

19 Jan 22 20:22:31 +0500

Say move will lead to further rupee depreciation, encourage illegal trade

Tribune
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Vietnamese envoy for fast tracking work on PTA

19 Jan 22 20:21:01 +0500

Says FTA talks are underway as well

Tribune
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SBP digitises refinance process

19 Jan 22 20:23:20 +0500

Online platform to facilitate banks, exporters availing export finance

Tribune
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Businessmen demand prudent use of energy

19 Jan 22 20:17:14 +0500

Urge govt to devise, implement industry-centric policies

Tribune
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Rupee weakens against dollar

19 Jan 22 20:24:52 +0500

Rupee hit an all-time low value of Rs178.24

Tribune
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Innovation League to empower younger generation: IT minister

19 Jan 22 20:18:59 +0500

Says steps being taken to promote innovation, facilitate entrepreneurs

Tribune
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Progress on energy schemes reviewed

19 Jan 22 20:18:05 +0500

Benhassine appreciated the energy sector reforms undertaken by the government

Tribune
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Kissan Card Scheme to be extended

19 Jan 22 20:21:47 +0500

So far, 700,000 cards have been distributed in Punjab

Tribune
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NOC for PSM asset transfer awaited

19 Jan 22 17:28:54 +0500

Gas utility finds letter of comfort issued by Finance Division unsatisfactory

Tribune
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Income-expense gap widens to Rs1.8tr

19 Jan 22 20:19:54 +0500

Deficit jumps 29% in Jul-Dec 2021 due to uptick in current expenditures

Tribune
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Brent climbs to more than 7-year high on Mideast tensions, tight supply

18 Jan 22 07:20:47 +0500

Prices gain support from colder winter temperatures in northern hemisphere

Tribune
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Mini-budget: Cellular companies increase tax on mobile top-up

18 Jan 22 14:09:54 +0500

Advance tax on mobile phone recharge has been increased to 15%

Tribune
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Independent SBP will help bring down inflation, strengthen economy: Hammad

18 Jan 22 14:19:51 +0500

Info Minister Fawad Chaudhry says for the first time in history power sector circular debt will witness a decline

Tribune
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Market watch: Stocks decline on higher global oil prices

18 Jan 22 15:38:33 +0500

Benchmark KSE-100 index falls 104.79 points to settle at 45,507.41

Tribune
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Cryptocurrency dealers to be in hot water soon

18 Jan 22 19:15:23 +0500

FIA to launch grand operation; writes to PTA to shut down 1,600 websites

Tribune
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IPR violations causing revenue loss

18 Jan 22 20:35:21 +0500

Survey participants regret insignificant penalty on IPR violations

Tribune
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Moody’s assigns B3 rating to Sukuk

18 Jan 22 20:33:39 +0500

Says rating is underpinned by relatively large economy, robust growth potential

Tribune
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Foreign investment jumps 20% in H1

18 Jan 22 20:32:39 +0500

Reaches $1.06b in Jul-Dec 2021, driven by revival of CPEC projects

Tribune
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Vehicle regularisation plan rejected

18 Jan 22 20:28:02 +0500

Revenue Division devises plan to regularise non-duty paid vehicles in ex-FATA/PATA

Tribune
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Indonesia offers coal for CPEC power projects

18 Jan 22 20:36:12 +0500

Envoy says Indonesian exporters can meet large chunk of Pakistan’s demand

Tribune
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Rupee weakens against dollar

18 Jan 22 20:37:19 +0500

On December 29, 2021 the rupee hit an all-time low value of Rs178.24

Tribune
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Oil hits 7-year high as tight supply bites

18 Jan 22 20:30:43 +0500

Supply concerns mount after attacks in Mideast

Tribune
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China eyes cooperation with Pakistan’s furniture industry

18 Jan 22 20:29:34 +0500

Sector has great potential for development, can make contribution to exports

Tribune
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Bitcoin investors dig in for long haul in ‘staggering’ shift

18 Jan 22 20:31:45 +0500

Amount of cryptocurrency held in illiquid wallets is on rise

Tribune
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Skills development policy on the cards

18 Jan 22 20:34:30 +0500

It will encourage students from poor families to learn technical skills

Tribune
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Trade Diversification Policy boosts country’s: PM’s aide

17 Jan 22 04:57:34 +0500

Main objective is to introduce new trade products of a country’s exports and create new non-traditional markets

Tribune
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Oil steady as rising Libyan output offsets supply worries

17 Jan 22 14:03:57 +0500

Frantic oil buying push some crude grades to multi-year highs

Tribune
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Market watch: Stocks fall on rising Covid-19 infections

17 Jan 22 16:09:30 +0500

Benchmark KSE-100 index sheds 151.25 points to settle at 45,612.20

Tribune
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Govt to clip wings of Auditor General

17 Jan 22 20:02:56 +0500

Will send reference to Attorney General to halt audit of IPP agreements

Tribune
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Govt to launch housing scheme under RDA

17 Jan 22 20:06:22 +0500

Residential project for overseas Pakistanis will be developed in Islamabad

Tribune
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Tyre smuggling costs Rs40b revenue loss

17 Jan 22 19:59:17 +0500

Stakeholders say illegal trade dealing blow to economy, crippling industry

Tribune
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CPEC phase-II much broader

17 Jan 22 19:55:46 +0500

Envoy says despite Covid, all projects continued without hindrance

Tribune
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Rupee strengthens against dollar

17 Jan 22 20:11:51 +0500

SBP has injected $1.2 billion into the inter-bank market

Tribune
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Textile sector demands ban on yarn export

17 Jan 22 20:07:52 +0500

Suggests govt can also fix export quota to cope with shortage

Tribune
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Singapore takes steps to limit crypto trading

17 Jan 22 20:01:49 +0500

City-state issues guidelines to shield retail investors from potential risks

Tribune
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Jobs recovery delayed by virus uncertainty

17 Jan 22 20:00:22 +0500

ILO estimates 52m fewer jobs in 2022 than pre-Covid levels

Tribune
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Envoy for enhancing pharma exports to Lebanon

17 Jan 22 20:05:20 +0500

Says lot of work needed to introduce local products in Beirut market

Tribune
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Economy - looking beyond numbers

16 Jan 22 17:53:24 +0500

PM and his team need to pay more attention to job creation, increase in real income

Tribune
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Mining sector: accommodating local interests

16 Jan 22 17:53:27 +0500

There are people who are sceptical about the gas resource potential

Tribune
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The shift to geo-economics

16 Jan 22 17:53:27 +0500

New narrative will help to realise Pakistan’s economic potential, tap opportunities

Tribune
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Cryptocurrency: challenges and opportunities

16 Jan 22 17:53:25 +0500

Govts have begun exploring, experimenting with central bank digital currencies

Tribune
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Omicron surge roils US small businesses

16 Jan 22 17:53:26 +0500

Delay in arrival of products dents industries

Tribune
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Petrol price hits record high at Rs147.83 per litre

15 Jan 22 17:55:04 +0500

Govt jacks up petrol price by Rs3.01; price of high-speed diesel also increased by Rs3 per litre

Tribune
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NAB calls taxmen for ‘failing to provide information’

15 Jan 22 20:56:18 +0500

FBR argues law stops it from sharing tax, asset data of people who availed amnesty schemes

Tribune
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REER moves towards fair value

15 Jan 22 20:47:54 +0500

Recovery in real effective exchange rate was due following depreciation

Tribune
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Ministry seeks resolution of container shortage issue

15 Jan 22 20:51:05 +0500

Pens letter to maritime division to address the problem

Tribune
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Traders irked over power tariff hike

15 Jan 22 20:53:33 +0500

Government to withdraw the increase to save power consumers and businesses from further troubles

Tribune
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Tech advancement to help address agri-challenges

15 Jan 22 20:34:12 +0500

PARC chief says this can lead to long-term economic growth

Tribune
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Despite dull trading, KSE-100 up 418 points

15 Jan 22 20:44:04 +0500

Panic over SBP bill, mini-budget, mounting Covid cases keeps many investors on sidelines

Tribune
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US bill aims to end China’s ‘chokehold’ on rare earth supplies

15 Jan 22 20:42:24 +0500

Law will ensure Washington can guarantee its supplies of the mineral

Tribune
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China’s economy grew 8% in 2021

15 Jan 22 20:59:41 +0500

While the forecast marks a healthy annual tick those issues put a dampener on factory activity

Tribune
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Libya’s oil, gas exports hit 5-year high

15 Jan 22 20:58:20 +0500

Libya has been heavily dependent on revenues from its hydrocarbon exports

Tribune
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Turkey sees single-digit inflation by mid-2023

15 Jan 22 20:40:21 +0500

Inflation hit 19-year high at 36% in December after currency crisis

Tribune
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The rise and rise of e-commerce

15 Jan 22 16:34:33 +0500

Previously e-commerce shy consumership has now in pandemic times turned to online platforms for their retail demands

Tribune
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Govt takes giant step for IMF conditions

14 Jan 22 04:12:00 +0500

NA approves Rs360 billion ‘mini-budget’, grants absolute autonomy to State Bank

Tribune
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Half-year remittances rise to $15.8b

14 Jan 22 20:27:14 +0500

Use of formal channels, rupee depreciation fuel increase in inflows

Tribune
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PSX launches fifth exchange-traded fund

14 Jan 22 20:31:57 +0500

Talks going on with regulators to permit investors to acquire ETF units with borrowed money

Tribune
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Businessmen lambast Finance Supplementary Bill

14 Jan 22 20:29:02 +0500

Say it will adversely impact trade, industry and place additional burden on society

Tribune
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Half-year remittances rise to $15.8b

14 Jan 22 20:27:14 +0500

Use of formal channels, rupee depreciation fuel increase in inflows

Tribune
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Hybrid system for ministries sought

14 Jan 22 20:16:20 +0500

Cabinet calls for bringing talent from private sector as bureaucracy is unprepared

Tribune
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Neelum-Jhelum line phase-II completed

14 Jan 22 20:39:06 +0500

It will lead to direct transmission of power to 500kV Nokhar grid station

Tribune
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SPI falls 0.43%

14 Jan 22 20:41:43 +0500

Average prices of 16 items rose in a selected basket of goods

Tribune
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Mansehra town thrives as CPEC stirs economic activities

14 Jan 22 20:30:21 +0500

People from other areas start settling in Qalandarabad in search of better livelihood

Tribune
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‘Industries must follow global trends to boost exports’

14 Jan 22 20:25:35 +0500

FPCCI chief says country cannot prosper without deepening links with emerging markets

Tribune
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Rupee strengthens against dollar

14 Jan 22 20:40:13 +0500

Rupee hit an all-time low value of Rs178.24 against the greenback

Tribune
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Oil market extends bull run

14 Jan 22 20:24:24 +0500

Brent crude futures rose $1.09

Tribune
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Another IMF loan may be on the cards

13 Jan 22 03:46:10 +0500

Speakers at event say economic flaws built over past 75 years continue to exist

Tribune
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Oil holds near $85 on stronger demand prospects

13 Jan 22 13:41:49 +0500

Generally positive market sentiment driving prices up

Tribune
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Foreign exchange: SBP reserves fall $88m to $17.6b

13 Jan 22 15:40:13 +0500

Central bank gives no reason behind the decrease

Tribune
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Market watch: Bears dominate as Covid infections mount

13 Jan 22 16:58:31 +0500

Benchmark KSE-100 index falls 153.05 points to settle at 45,763.2

Tribune
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Govt bulldozes mini-budget, SBP bill through NA amid opposition’s protest

13 Jan 22 13:50:47 +0500

Finance minister says tax exemptions won’t be withdrawn on essential items such as milk, bread, laptop, solar panels

Tribune
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Climate change causes $3.8b loss

13 Jan 22 20:35:12 +0500

Govt may take steps to encourage businesses to work towards zero emissions

Tribune
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Pakistan enters 5th industrial revolution

13 Jan 22 20:39:10 +0500

Experts identify technology-enabled rapid developments as catalyst

Tribune
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Power tariff goes up Rs4.3 per unit

13 Jan 22 20:42:16 +0500

NEPRA approves increase for fuel cost adjustment; consumers will pay Rs41b

Tribune
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CPEC – a ray of hope for Pakistan

13 Jan 22 20:44:12 +0500

Experts project country will witness industrialisation, end of energy crisis

Tribune
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Refineries offer furnace oil at discount

13 Jan 22 20:47:51 +0500

It comes after power plants refused to procure oil and inventories swelled

Tribune
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SBP praised for Islamic banking initiatives

13 Jan 22 20:40:49 +0500

Strategic Plan 2021-25 envisages lifting Islamic banking share in Pakistan

Tribune
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State Bank reserves fall $88m to $17.6 billion

13 Jan 22 20:45:32 +0500

Central bank gives no reason for the decrease

Tribune
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Climate change threatens food security

13 Jan 22 20:46:16 +0500

Minister underlines need to transform agriculture sector

Tribune
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Rupee weakens against dollar

13 Jan 22 20:56:46 +0500

On December 29, 2021 rupee hit an all-time low value of Rs178.24

Tribune
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Oil holds near $85

13 Jan 22 20:58:07 +0500

Brent crude futures fell $0.18, or 0.2%, to $84.52 a barrel

Tribune
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Digital pound could hit financial stability

13 Jan 22 20:47:04 +0500

Prospect of widely-used cryptocurrencies issued by Big Tech has galvanised efforts

Tribune
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Cabinet proposes Re1 cut in power tariff

12 Jan 22 03:54:10 +0500

Turns down energy ministry’s request not to decrease prices

Tribune
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Pakistan rapidly adopting digitalisation

12 Jan 22 20:10:26 +0500

Experts claim there is still long way to go in order to achieve full objective

Tribune
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New PC board chairman hangs in limbo

12 Jan 22 20:07:16 +0500

Prospective investors begin to exit privatisation programme

Tribune
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Privatisation can resolve power woes

12 Jan 22 20:05:38 +0500

Experts say CTBCM, IGCEP will support energy sector for next 5-7 years

Tribune
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CCOE to discuss refinery policy

12 Jan 22 20:01:26 +0500

Draft has been under discussion for more than a year

Tribune
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Rupee strengthens against dollar

12 Jan 22 20:12:09 +0500

SBP has injected $1.2 billion into the inter-bank market

Tribune
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Market watch: KSE-100 erases gains to close marginally upward

12 Jan 22 15:25:26 +0500

Benchmark index rises 35.12 points to settle at 45,916.25

Tribune
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NPMC concerned over pulses, sugar prices

12 Jan 22 20:04:32 +0500

Tarin asks Sindh, Balochistan to extend Sasta Bazaars

Tribune
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Punjab to spend Rs200b on development

12 Jan 22 20:08:45 +0500

P&D Board directs departments to utilise funds on priority basis

Tribune
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‘E-commerce policy to aid exports, digital economy’

12 Jan 22 20:03:23 +0500

SAPM says digital web portal to roll out in February 2022

Tribune
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Pakistan can ride out rising external account pressures: Baqir

11 Jan 22 13:32:22 +0500

Says surge in global commodity prices driven by sharp recovery in demand

Tribune
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Oil rises to $82 as demand recovery on track

11 Jan 22 14:24:38 +0500

Major economies avoid return to severe lockdowns even as coronavirus cases soar

Tribune
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Market watch: Stocks close flat on rising Covid-19 cases

11 Jan 22 16:22:46 +0500

Benchmark KSE-100 index falls 6.5 points to settle at 45,881.13

Tribune
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Against expectations, car sales surge in December 2021

11 Jan 22 20:19:09 +0500

Vehicle bookings prior to mini-budget approval drive increase in sales

Tribune
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900 stay orders issued against penalties

11 Jan 22 20:20:04 +0500

Regulators slap Rs250b penalties in wake of price manipulation

Tribune
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Container shortage puts rice exports at risk

11 Jan 22 20:18:16 +0500

Traders say shipping lines sending empty containers abroad to get higher return

Tribune
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World Bank forecasts 3.4% growth

11 Jan 22 20:17:08 +0500

Keeps projection unchanged for Pakistan which is second lowest in South Asia

Tribune
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Tax break on services to continue

11 Jan 22 20:11:47 +0500

PRA chief says sales tax cut during pandemic helped authority achieve targets

Tribune
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Oil tops $83 due to tight supply

11 Jan 22 20:23:15 +0500

US West Texas Intermediate (WTI) rose $2.75

Tribune
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Rupee strengthens against dollar

11 Jan 22 20:22:19 +0500

Rupee hit an all-time low of Rs178.24

Tribune
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Collaboration with China to help in ginger cultivation

11 Jan 22 20:13:57 +0500

Report suggests Pakistani scientists should interact with Chinese experts through CPEC

Tribune
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SECP urges corporates to go digital

11 Jan 22 20:20:57 +0500

Says it will improve efficiency, ease of doing business and maintain green environment

Tribune
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WEF foresees gloomy outlook for global recovery

11 Jan 22 20:14:52 +0500

Survey cites climate change as biggest threat to world economy

Tribune
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Pakistan’s economy can’t afford political instability: SAARC CCI chief

10 Jan 22 04:27:07 +0500

Iftikhar stresses need for reducing cost of business to increase country’s exports

Tribune
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Finance Division requests IMF to postpone review till end of Jan

10 Jan 22 05:22:07 +0500

IMF board will consider the review for approval as soon as the legislative procedures are completed

Tribune
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Oil prices steady as supply concerns offset Omicron fears

10 Jan 22 15:12:16 +0500

Draw support from rising global demand, lower than expected supply additions from OPEC+

Tribune
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Market watch: Export data, foreign inflows lift PSX

10 Jan 22 17:11:52 +0500

Benchmark KSE-100 index surges 541.98 points to settle at 45,887.63

Tribune
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NA panel approves State Bank bill

10 Jan 22 19:50:07 +0500

Rejects all but three recommendations of opposition, passes it with majority

Tribune
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Textile policy, duty drawback to continue

10 Jan 22 19:54:19 +0500

PM aide stresses both measures will lift exports; assures industry of resolving problems

Tribune
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PR launches reefer freight train

10 Jan 22 19:52:16 +0500

Initiative to provide economical, environment-friendly freight solutions

Tribune
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WAPDA for completing Dasu project on time

10 Jan 22 19:55:15 +0500

Scheme will increase green, low-cost electricity share in national grid

Tribune
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Gas prices rise as Russian pipeline gets stuck

10 Jan 22 19:48:33 +0500

Traders taking gas from stockpiles to supply European buyers and avoid paying high prices

Tribune
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Carmakers to launch new models

10 Jan 22 19:51:18 +0500

Hike in policy rate unlikely to dent vehicles’ demand

Tribune
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Pakistan to get Basmati rice hybrid seeds

10 Jan 22 19:43:52 +0500

Chinese scientists to help introduce varieties with same traits, better yield

Tribune
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Rupee weakens against dollar

10 Jan 22 19:56:12 +0500

Demand for the dollar was higher

Tribune
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Traders ask govt to explore new markets

10 Jan 22 19:47:02 +0500

Lament Pakistan mainly relies on textile sector for forex earnings

Tribune
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NA panel approves State Bank bill

10 Jan 22 19:50:07 +0500

Rejects all but three recommendations of opposition, passes it with majority

Tribune
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Is the era of low interest rates coming to an end?

09 Jan 22 17:49:26 +0500

Fiscal stimulus jacks up Pakistan’s GDP but also contributes to demand-side inflation

Tribune
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Tackling high energy prices in 2022

09 Jan 22 17:49:24 +0500

Increase in domestic production by 50% can mitigate impact of lofty crude prices

Tribune
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China’s love of pine nuts helps Afghan exporters

09 Jan 22 17:49:24 +0500

Plants hope to enhance shipments to Beijing to inflate earnings

Tribune
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Why fisheries not on crest?

09 Jan 22 17:49:23 +0500

Country unveiled fisheries policy 14 years ago, but has not updated it since then

Tribune
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How to attain economic security

09 Jan 22 17:49:22 +0500

It is imperative to declare economic emergency, design three-year recovery plan

Tribune
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SBP Act changes won’t cause ‘state within state’

08 Jan 22 04:51:23 +0500

Central bank says amendments will not ‘compromise economic sovereignty’

Tribune
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Taxes on IT products to hit growth

08 Jan 22 21:14:42 +0500

Market terms it detrimental for IT sector’s growth, demands reconsideration

Tribune
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Bank advances hit 3-year high

08 Jan 22 21:10:34 +0500

Rise comes on back of low cost investment schemes, lending targets

Tribune
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Super-apps gaining rapid traction

08 Jan 22 21:07:17 +0500

Study reveals region provides ample opportunities to growing technology sector

Tribune
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Omani delegation invites traders for joint ventures

08 Jan 22 21:16:05 +0500

Says Muscat can offer Pakistan easy access to Saudi Arabia, other regional countries

Tribune
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KSE-100 extends rally on investor optimism

08 Jan 22 21:13:29 +0500

Stability in local currency, export growth drive uptrend

Tribune
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PARC working to enhance per-acre yield

08 Jan 22 21:11:33 +0500

Chairman says Pakistan achieved self-sufficiency in Moong production

Tribune
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SSGC reports 40 mmcfd drop in gas supply

08 Jan 22 21:17:38 +0500

Disruption comes due to technical faults at Bhit, Sawan gas fields

Tribune
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Pakistan, Poland exploring avenues of trade: envoy

08 Jan 22 21:18:57 +0500

Ambassador reaffirms Warsaw’s support for inclusion of Pakistan in GSP plus scheme

Tribune
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Hawkish Federal Reserve gives value stocks second wind

08 Jan 22 21:12:35 +0500

Equities registered rise during past rate-hike cycles

Tribune
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Mini-budget: Senate panel turns down several GST proposals

07 Jan 22 04:44:58 +0500

Opposition lends helping hand to govt to fast track approval of amendments to Finance Bill

Tribune
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Gold market not so glittering in Pakistan

07 Jan 22 04:37:44 +0500

80 tons of bullion smuggled annually, Senate panel told

Tribune
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Oil rises as Kazakh turmoil adds to supply concerns

07 Jan 22 14:10:38 +0500

Brent and WTI crude on track for gains of almost 6.5% in first week of 2022

Tribune
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Govt launches web portal to curb urea smuggling

07 Jan 22 14:51:50 +0500

Minister for Production Khusro Bakhtyar says subsidy of worth Rs400 provided for the development of agriculture sector

Tribune
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Market watch: Stocks rally ahead of corporate results

07 Jan 22 16:02:06 +0500

Benchmark index adds 263.35 points to settle at 45,345.65

Tribune
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IMF to change mission chief

07 Jan 22 19:58:52 +0500

Decision comes before board meeting that may not discuss bailout revival

Tribune
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Foreign inflows surge in stock market

07 Jan 22 19:59:58 +0500

International group begins investing in local subsidiary

Tribune
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Urea being smuggled to Afghanistan

07 Jan 22 19:41:28 +0500

Minister blames Sindh, saying province not sharing data to track movement

Tribune
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China, Pakistan step up agricultural cooperation

07 Jan 22 19:56:53 +0500

Official hopes it will contribute more to development of modern agriculture

Tribune
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Rupee strengthens against dollar

07 Jan 22 20:02:43 +0500

On December 29, 2021 the rupee hit an all-time low value of Rs178.24

Tribune
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SPI increases 0.08%

07 Jan 22 20:03:27 +0500

SPI for lowest income group decreased 0.28% compared to previous week

Tribune
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IT minister for adopting modern technology

07 Jan 22 20:01:36 +0500

Says billions invested to increase connectivity through 3G, 4G modes

Tribune
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FBR unearths ‘biggest tax fraud’

07 Jan 22 19:55:54 +0500

Claims shoe brand tampering with POS system; retail chain alleges harassment

Tribune
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Pakistan eyeing to boost cell phone exports

06 Jan 22 05:17:52 +0500

Islamabad achieved big success in manufacturing mobile phones in 2021, says PMs aide on commerce

Tribune
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‘Another round of sales tax exemptions withdrawal likely in June’

06 Jan 22 04:47:10 +0500

FBR chiefs list of items prone to 17% GST includes food items, educational books, imported parts of electric vehicles

Tribune
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PAC directs DISCOs to control transmission losses

06 Jan 22 05:33:26 +0500

Energy Division secretary says 17pc electricity is stolen in Pakistan

Tribune
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Govt to convene NA session on mini-budget on Jan 10

06 Jan 22 10:04:22 +0500

Proposals on the Senates Finance Act Amendment Bill will also be tabled in the session

Tribune
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Foreign exchange: SBP reserves fall $169m to $17.69b

06 Jan 22 12:41:57 +0500

Central bank gives no reason behind the decrease

Tribune
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Oil extends rally on Kazakhstan unrest, Libyan outages

06 Jan 22 12:52:39 +0500

Both contracts trading at their highest since late November

Tribune
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Market watch: KSE-100 snaps seven day winning streak

06 Jan 22 14:42:10 +0500

Benchmark index sheds 325.59 points to settle at 45,082.3

Tribune
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PM asked to showcase economic progress

06 Jan 22 20:34:54 +0500

Strategy group suggests constructing positive narrative of economy

Tribune
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LNG import delay irks Senate panel

06 Jan 22 20:15:19 +0500

Petroleum committee seeks reasons for delay in imports at time of gas shortage

Tribune
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Steel mill’s revival plan hits snag

06 Jan 22 20:19:00 +0500

Govt fails to get NOC for gas supply to PSM’s new subsidiary

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FTO urged to take notice of anti-business practices

06 Jan 22 20:17:55 +0500

Traders decry harassment from tax-collecting authorities

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Housing, construction finance spikes 85%

06 Jan 22 20:32:31 +0500

Disbursements for Mera Pakistan Mera Ghar scheme increase Rs38 billion

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Businessmen decry hurdles to trade

06 Jan 22 20:31:34 +0500

Say banks reluctant to issue export forms for trade with Turkey via cargo train

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PM asked to showcase economic progress

06 Jan 22 20:34:54 +0500

Strategy group suggests constructing positive narrative of economy

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Rupee weakens against dollar

06 Jan 22 20:37:09 +0500

SBP has injected $1.2 billion into inter-bank market to defend rupee in ongoing fiscal year

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SBP reserves fall $169m to $17.69b

06 Jan 22 20:36:15 +0500

Central bank gives no reason behind the decrease

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Oman can act as gateway to GCC, Africa: OCCI

06 Jan 22 20:17:00 +0500

Chairman calls for measures to enhance two-way trade to $1 billion

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Cabinet meets another IMF condition for $1b loan

05 Jan 22 04:44:40 +0500

Govt to make details of the sovereign guarantees public

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Oil holds near $80 after OPEC+ output hike decision

05 Jan 22 13:06:31 +0500

Group of oil producers projected to struggle to reach target

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Market watch: KSE-100 inches up in volatile trading

05 Jan 22 15:53:25 +0500

Benchmark index adds 17.05 points to settle at 45,407.89

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Govt to seek probe into ‘bank cartel’

05 Jan 22 18:24:12 +0500

Takes decision as banks lend money at high rates for laying gas pipeline

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Mini-budget to stymie poultry sector growth

05 Jan 22 19:50:56 +0500

Following the hike in sales tax to 17%, the tax on feed will rise by Rs900 per ton

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Trade deficit doubles to $25.5b in Jul-Dec

05 Jan 22 19:52:55 +0500

Despite administrative measures, govt fails to control runaway imports

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ECC slaps more taxes on car imports

05 Jan 22 19:51:53 +0500

Levies will discourage shift to electric vehicles as opposed to trend in world

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NPMC satisfied with fall in commodity prices

05 Jan 22 19:54:47 +0500

However, expresses concern over slight rise in sugar rates

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Rupee strengthens against dollar

05 Jan 22 19:58:32 +0500

SBP has injected $1.2 billion into the inter-bank market to defend the rupee

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Exporters asked to bring proceeds in 120 days

05 Jan 22 19:55:45 +0500

SBP amends regulations to improve inflow of foreign exchange

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UAE businesses eyeing investment in K-P

05 Jan 22 19:53:56 +0500

Ink agreements to set up industrial units in province

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Bitcoin will compete with gold as store of value: Goldman Sachs

05 Jan 22 19:44:07 +0500

Says cryptocurrency has 20% share of store of value market

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Revealed: MPs pay less tax than salaried persons

04 Jan 22 03:56:03 +0500

Tax Directory 2019 shows 392 parliamentarians paid Rs576m tax on Rs11b income

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Karachiites may endure another power tariff hike

04 Jan 22 04:15:21 +0500

Nepra reserves ruling on KE’s petition for Rs5.499 increase on account of quarterly FCA

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Technical glitch hits private bank

04 Jan 22 13:13:25 +0500

High official denies possibility of cyberattack

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Oil price rises close to $80 ahead of OPEC+ meeting

04 Jan 22 14:02:49 +0500

Group of oil producers unlikely to change course given current price outlook

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Market watch: Bulls toss KSE-100 above 45,000 points

04 Jan 22 16:27:06 +0500

Benchmark index adds 503.95 points to settle at 45,390.84

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Technical glitch hits private bank

04 Jan 22 20:53:21 +0500

High official dismisses possibility of cyberattack

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Poor response to electric vehicles policy

04 Jan 22 20:52:26 +0500

Industries ministry attributes lack of interest to limited market for such vehicles

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Cabinet appoints NDRMF head

04 Jan 22 20:47:58 +0500

Dismisses bureaucracy pressure to hire inexperienced candidate for technical job

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NPLs drop to 8.8% in July-September 2021

04 Jan 22 20:49:06 +0500

Improvement comes on back of rise in loans, lower delinquencies: SBP report

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Cement sales contract 4.2% in December

04 Jan 22 20:51:38 +0500

Sector sells 4.59m tons against 4.79m tons in same period of last year

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Lahore to get customs valuation office

04 Jan 22 20:47:08 +0500

It will help address grievances of traders

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Iran offers to waive tariffs on agri-products

04 Jan 22 20:46:07 +0500

Food minister says Pakistan can export citrus fruit, rice, mango and vegetables

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Policy withdrawal draws criticism

04 Jan 22 20:37:07 +0500

Textile industry says planned move will dent exports, widen trade deficit

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Rupee weakens against dollar

04 Jan 22 20:54:26 +0500

The rupee had been on the downtrend since hitting a 22-month high

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OPEC+ agrees to oil output increase

04 Jan 22 20:55:21 +0500

Brent crude rose 50% last year and has rallied so far in 2022

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Sarwar optimistic about GSP Plus extension

04 Jan 22 20:44:58 +0500

Assures businessmen of providing full support to lift exports

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Country’s exports increase 25% in H1 of 2021-22

03 Jan 22 05:19:39 +0500

Habib says record growth achieved due to special measures taken by PM

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Pakistan needs to connect with Silicon Valley: FPCCI chief

03 Jan 22 05:19:36 +0500

Newly-elected president says modern tools must be used to tap into new markets

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Oil starts 2022 with rally towards $79 as Omicron impact concerns ease

03 Jan 22 12:52:16 +0500

Infection rates are on rise globally, restrictions are being introduced in several countries

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Market watch: Stocks extend gains on positive triggers

03 Jan 22 14:48:22 +0500

Benchmark KSE-100 index rises 290.82 points to settle at 44,886.89

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Apple becomes first company to hit $3 trillion market value

03 Jan 22 19:06:47 +0500

Analysts expect demand for iPhones to remain strong in 2022

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Exports beat half-year target

03 Jan 22 19:45:53 +0500

Mini-budget likely to rein in imports, curtail trade deficit

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Forward dollar selling hits rupee

03 Jan 22 19:44:44 +0500

Bostan says SBP injected $2.5b into inter-bank market as importers needed dollars

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Auto part vendors see squeezed profits

03 Jan 22 19:41:33 +0500

Association asks OEMs to pass on 10% earnings to vendors

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Tech startups on global investors’ radar

03 Jan 22 19:47:40 +0500

Expert projects healthtech, edtech, fintech will attract foreign investment in 2022

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Taxes in finance bill vex farmers

03 Jan 22 19:46:46 +0500

Govt urged to review tax proposals as they will dent agri-sector earnings

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Chinese firms help cut cellphone imports

03 Jan 22 19:42:50 +0500

Also aid Pakistan in starting export of locally produced phones

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Pakistan firms ink dozens of deals in Dubai expo

03 Jan 22 19:48:44 +0500

Investment will go to areas of infrastructure, housing, water management

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SSGC faces 240-250 mmcfd shortfall

03 Jan 22 19:52:18 +0500

Increase in demand for gas is attributed to the demand from domestic and fertiliser sectors

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Turkey’s inflation hits 19-year high

03 Jan 22 19:43:47 +0500

Consumer prices jump 36% in Dec 2021 against same period in 2020

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Inflation peaks 12.3% with inflationary budget on horizon

02 Jan 22 04:19:15 +0500

Increase likely to make SBP further increase interest rates

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PM Office shares concerns on SBP bill

02 Jan 22 04:21:59 +0500

PMO expressed misgivings about exempting the SBP governor from discussing economic matters with the premier

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Victims turned activists: Iraqi women battle abuse

02 Jan 22 08:15:16 +0500

From marriage of minors to economic coercion, feminists and lawyers struggle to defend the rights of women

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Improving power DISCOs’ performance

02 Jan 22 18:20:06 +0500

Distribution companies should employ software, hardware to detect fraud, collusion

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Essential medicine prices out of reach

02 Jan 22 18:20:05 +0500

Rates of such medicines surged 80% in last five years

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Will impact investing be subsumed by ESG?

02 Jan 22 18:20:05 +0500

ESG investing is often looking for the ‘business case’ of doing good

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Economy in 2022 and beyond

02 Jan 22 18:20:04 +0500

Country is bound to suffer from short-termism, policy U-turns of govt

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Public sector – the reality check

02 Jan 22 18:20:03 +0500

It can help turn around economy if equipped with required governance structure

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Govt will pay ‘political cost’ for withdrawing GST exemption: FBR chief

01 Jan 22 05:13:30 +0500

Dr Ashfaq says tax infrastructure must be reformed through removal of policy-level discrepancies and contradictions

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ECC approves to roll over $142m Roosevelt Hotel debt

01 Jan 22 05:08:19 +0500

Committee okays cuts on interest rates for loans under PM’s housing project

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Ministry voices doubt on drop in fertiliser prices

01 Jan 22 19:55:36 +0500

Says farmers still facing shortage of commodity in market

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Gwadar heads to a promising 2022

01 Jan 22 19:54:34 +0500

City makes huge progress in port operation, aims to become logistics hub

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Karachi industries starved of gas

01 Jan 22 19:52:39 +0500

Seek prime minister’s intervention, fear delay in export consignments

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Chinese investment to help enhance exports

01 Jan 22 19:46:37 +0500

Consul general terms Beijing main source of foreign investment in Pakistan

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Bourse rallies on mini-budget approval

01 Jan 22 19:48:52 +0500

Gains 478 points as nod to SBP bill, rupee rise aid uptrend

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Sri Lanka food prices hit record highs

01 Jan 22 19:56:53 +0500

President expressed hope of reviving the cash-strapped economy

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A bumpy ride for auto sector

01 Jan 22 18:44:48 +0500

While sales volume rose, a host of challenges restricted industry’s growth

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Taxing time: A closer look at the finance bill

31 Dec 21 04:22:22 +0500

Tarin says of Rs343b withdrawal of sales tax exemptions, only amount of Rs2b will really have an impact on the people

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Gwadar projects ‘completing steadily’ despite Covid-19

31 Dec 21 04:38:26 +0500

Pakistani, Chinese Joint Working Groups on Gwadar and Socio-Economic Development meet through video conferencing

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Oil heads for biggest annual gains since at least 2016

31 Dec 21 13:09:50 +0500

Global economic recovery from Covid-19 slump, producer restraint aid uptrend

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‘New Year gift’: Govt cuts LPG price by nearly Rs6 per kg

31 Dec 21 15:22:59 +0500

The reduction will directly benefit 72% of the countrys population, says Information Minister Fawad Chaudhry

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Market watch: KSE-100 closes 2021 on optimistic note

31 Dec 21 15:39:57 +0500

Benchmark index adds 179.87 points to settle at 44,596.07

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As gloomy year ends, 2022 shows ‘economic uplift’

31 Dec 21 17:24:02 +0500

IMF expected to release $1 billion in loan to Pakistan in January and February

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Govt jacks up petrol price by Rs4 per litre

31 Dec 21 18:34:42 +0500

Fuel prices have been increased to meet the target of petroleum levy agreed with the IMF

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FBR exceeds first half tax collection target

31 Dec 21 20:48:09 +0500

Revenue authority misses monthly target

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Muddled year for stock market

31 Dec 21 20:38:04 +0500

PSX classified among best Asian markets, also downgraded by MSCI

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Energy sector: a few winners, many losers

31 Dec 21 20:43:45 +0500

IPPs get billions, but consumers face record high power tariff, gas outages

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A never ending slide of the rupee

31 Dec 21 20:45:17 +0500

Currency dives due to widening current account deficit, climbing imports

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PSO’s receivables swell to Rs425 billion

31 Dec 21 20:47:14 +0500

Amount outstanding on account of oil, LNG supplies by marketing firm

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SPI falls 0.5%

31 Dec 21 20:49:03 +0500

SPI for lowest income group decreased 0.8% compared to previous week

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Cabinet approves mini-budget, bill to now be tabled in NA

30 Dec 21 10:00:37 +0500

PTI, allies to hold parliamentary meeting on bill hours before NA goes into session

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Govt tables ‘mini-budget’, SBP amendment bill in NA amid ruckus

30 Dec 21 10:00:37 +0500

The bill was moved after the federal cabinet gave approval for the finance bill

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Foreign exchange: SBP reserves fall $298m to $17.86b

30 Dec 21 12:44:13 +0500

Central bank gives no reason behind the decrease

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Govt tables ‘mini-budget’, SBP amendment bill in NA amid ruckus

30 Dec 21 10:00:37 +0500

The bill was moved after the federal cabinet gave approval for the finance bill

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Market watch: Approval of mini-budget propels stock market

30 Dec 21 14:10:28 +0500

Benchmark KSE-100 index gains 156.09 points to settle at 44,416.2

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Oil prices slip after China cuts import quotas

30 Dec 21 14:40:07 +0500

Prices rebounded by 50%-60% in 2021

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Govt tables ‘mini-budget’, SBP amendment bill in NA amid ruckus

30 Dec 21 10:00:37 +0500

PML-N Khawaja Asif says country’s economic sovereignty has been ‘surrendered before IMF’ by PTI govt

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Pakistan, China vow to tap full potential of Gwadar port, free zone under CPEC

30 Dec 21 17:10:11 +0500

Islamabad and Beijing express satisfaction on steady progress made on various projects

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Gas subsidy for exporters to cost Rs41b

30 Dec 21 20:33:13 +0500

Petroleum Division seeking approval of supplementary grant to clear subsidy bill

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PIA to restart Europe flights in Q1 of 2022

30 Dec 21 20:24:11 +0500

CEO predicts aviation auditor will lift ban next year

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Sri Lankan delegation to visit Pakistan

30 Dec 21 20:36:44 +0500

Representatives from 40-50 firms will explore avenues of mutual cooperation, says envoy

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Industry demands smooth implementation of new auto plan

30 Dec 21 20:27:57 +0500

LCCI chief believes AIDEP 2021-26 will help bring latest technology

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Power company supports transition to open markets

30 Dec 21 20:32:01 +0500

NEPRA conducts hearing on integrated plan for competitive market model

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SBP reserves fall $298m to $17.86b

30 Dec 21 20:38:00 +0500

Central bank gives no reason behind the decrease

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Punjab making efforts to minimise role of middlemen

30 Dec 21 20:29:10 +0500

Minister states ample stock of fertiliser present in province

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Alibaba sees growth potential for e-commerce

30 Dec 21 20:34:30 +0500

Will help tap potential for sustainable growth of Pakistan’s SMEs, economy

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Sindh CM calls for improving product quality

30 Dec 21 20:35:38 +0500

Stresses modern trends of digital economy should be followed to compete in global market

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SECP issues NBFC guide

30 Dec 21 20:31:02 +0500

SECP issues NBFC guide

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Oil climbs towards $80 on tight supply, stocks fall

29 Dec 21 13:07:02 +0500

Prices underpinned by force majeure declared by Ecuador, Libya and Nigeria on their oil production

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Turkish lira slides 5%; central bank says it will monitor risks

29 Dec 21 13:50:54 +0500

Losses gather pace after little reaction to central bank’s 2022 policy document

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Market watch: Stocks rise in range-bound trading

29 Dec 21 14:35:40 +0500

Benchmark KSE-100 index gains 216.37 points to settle at 44,260.11

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Fast-track licence issuance for domestic gas exploration: PM

29 Dec 21 13:47:00 +0500

Premier Imran Khan also orders smooth installation of new LNG terminals to overcome shortage of the utility

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Saudi Arabia may set deep crude price cuts for Asia in February

29 Dec 21 17:54:01 +0500

The development comes as Middle East benchmarks and spot prices slump this month

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Agri-sector performs below par

29 Dec 21 20:47:55 +0500

Despite meeting targets, country continues to import commodities

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Unplanned housing schemes eat into arable land

29 Dec 21 20:49:40 +0500

PM calls for empowering provinces to check unbridled surge in housing projects

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Power tariff hike of Rs4.33 on cards

29 Dec 21 21:02:08 +0500

NEPRA asked to allow price increase on account of fuel cost adjustment for Nov

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Gas crisis for Karachi’s industry to be resolved

29 Dec 21 21:04:02 +0500

Alvi calls for higher participation of women in business activities

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Tarin concerned over rising sugar prices

29 Dec 21 21:09:08 +0500

Directs provincial authorities to control commodity’s rates in markets

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Rupee slips further against dollar

29 Dec 21 21:10:09 +0500

Demand for the dollar is higher compared to its supply

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Turkish lira slides 5%

29 Dec 21 21:12:14 +0500

The lira surged last week after billions of dollars worth of state-backed market interventions

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Oil prices rise over 1%

29 Dec 21 21:11:18 +0500

Distillate stockpiles fell by 1.7 million barrels in the week

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SBP introduces liquidity facilities for IBIs

29 Dec 21 21:07:10 +0500

Facilities to bring Islamic banking institutions at par with conventional counterparts

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Home appliances sector taps opportunity

29 Dec 21 21:08:14 +0500

Increasingly uses local components as global shipping costs soar

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Envoy stresses deepening bilateral trade with Lebanon

29 Dec 21 21:00:56 +0500

Says both sides can cooperate in construction, tourism sectors

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Fishery exporters eyeing $1b target

29 Dec 21 20:55:24 +0500

Out of total fishery exports, 60% are destined for China

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Finance ministry paints rosy economic picture

28 Dec 21 04:13:10 +0500

Report says Pakistan’s GDP growing at 5%

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Speculators turn to ‘grey market’ for better dollar rates

28 Dec 21 04:30:35 +0500

Dollar reaches historic high of Rs181.20 in open market

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Turkish lira falls further by 2%

28 Dec 21 13:54:14 +0500

Worries about country’s monetary policy weigh on sentiment

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Market watch: Stocks rally in topsy-turvy session

28 Dec 21 15:53:10 +0500

Benchmark KSE-100 index adds 130.3 points to settle at 44,043.74

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Mehmood Mandviwalla appointed SECP policy board chairman

28 Dec 21 16:53:03 +0500

Appointment will enable board to consider, approve SECP’s annual budget

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RDA inflows to stay robust

28 Dec 21 19:33:31 +0500

Expats have invested $2.9b; $2b more expected by end of FY22

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Govt poised to break up DISCOs

28 Dec 21 19:51:25 +0500

Cabinet members discuss issue that will ensure efficiency, slash losses and theft

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Exporters call for streamlining khashkhash trade

28 Dec 21 19:44:03 +0500

Reveal discrepancy between FBR’s system and Export Policy Order

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Pakistan should focus on urban economy: CM adviser

28 Dec 21 19:48:38 +0500

Says urban economy growing at rapid pace

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Parliamentary secretary for creation of industrial estate

28 Dec 21 19:49:46 +0500

Says it will generate jobs, improve regional exports

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Rupee slips further against dollar

28 Dec 21 19:55:21 +0500

Demand for the dollar is higher compared to its supply in the wake of an expanding current account deficit

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PRL decides to upgrade plant

28 Dec 21 19:54:31 +0500

Expansion will enable it to process up to 100,000 barrels of oil per day

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Mandviwalla appointed SECP policy board chairman

28 Dec 21 19:53:41 +0500

Appointment will enable board to consider, approve SECP’s budget

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Turkish lira extends losses, drops 2%

28 Dec 21 19:56:14 +0500

Despite last week’s rebound, it has lost 37% of its value against the US currency so far this year

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Oil price nears $80 a barrel

28 Dec 21 19:57:00 +0500

Three oil producers declared force majeures this month on part of their oil production

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PRL decides to upgrade plant

28 Dec 21 19:54:31 +0500

Expansion will enable it to process up to 100,000 barrels of oil per day

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Oil falls after Covid-19 flight cancellations

27 Dec 21 13:29:16 +0500

Losses capped by hopes Omicron variant will have limited impact on global demand

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Market watch: Stocks fall on mini-budget uncertainty

27 Dec 21 15:22:35 +0500

Benchmark KSE-100 index sheds 204.95 points to settle at 43,913.44

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Turkish lira slides 8% after intervention-driven surge

27 Dec 21 15:51:29 +0500

Last week’s rally brought the currency back to mid-November levels

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Senate passes resolution to set up infrastructure for electric vehicles

27 Dec 21 15:29:28 +0500

Upper House of parliament also unanimously gives nod for promoting EVs and establishing charging stations network

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Govt unlikely to regularise workers

27 Dec 21 20:40:29 +0500

Cabinet body cites court decisions that say contract workers have no right to be regularised

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Exporters to receive gas supply

27 Dec 21 20:34:24 +0500

Govt decision comes as industry agrees to pay higher price, allows energy audit

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An unstoppable real estate boom

27 Dec 21 20:27:24 +0500

Sector gets boost from RDAs, amnesty schemes, low finance cost

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Inflation to stay in double digits in Dec

27 Dec 21 20:42:48 +0500

Finance ministry says it will be slightly less than previous month’s reading

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Rupee slips to fresh record low

27 Dec 21 20:44:30 +0500

Demand for the dollar stood higher

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PLPA to start operation in February 2022

27 Dec 21 20:41:48 +0500

Initiative to accelerate trade with Afghanistan, Central Asian states

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Digital skills direly needed for youth

27 Dec 21 20:43:37 +0500

Minister says govt making efforts to facilitate freelancers

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Bogus tax refunds: FTO orders action against FBR officials

26 Dec 21 04:47:06 +0500

Officers accused of issuing funds worth Rs122.33m

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Sales tax portal to launch this week

26 Dec 21 05:02:04 +0500

Sources reveal platform cannot start functioning by January 1, 2022

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Policy rate unlikely to hurt car demand

26 Dec 21 05:02:06 +0500

Economic recovery expected to aid automobile sales volume

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Telecommunication sector shines

26 Dec 21 05:12:04 +0500

Segment achieves significant milestones during outgoing calendar year

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Fertiliser being sold to farmers at premium

26 Dec 21 05:18:02 +0500

Stakeholders ask govt to ensure availability of gas to urea plants

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Chinese platform launches Pakistan’s National Pavilion

26 Dec 21 05:21:03 +0500

Scheme to promote local products in China, boost bilateral trade

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Global investors look to Omicron for direction

26 Dec 21 05:23:01 +0500

The S&P 500 closed down 2.3% on November 26 after the variant was discovered, on fears of fresh economic lockdowns

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Sufficient FO stock available to meet country’s winter energy needs: Hammad

26 Dec 21 11:27:48 +0500

New refinery policy being finalised to shift refineries away from production of FO, says minister

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2021 ending at double-digit inflation

26 Dec 21 17:40:56 +0500

Increase in POL prices, rupee depreciation contributing factors

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Reviewing economy in 2021

26 Dec 21 18:16:28 +0500

High inflation, high unemployment, energy crunch hallmarks of difficult year

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Analysing another trade deficit crisis

26 Dec 21 18:17:26 +0500

Deficit will become more alarming if foreign currency reserves take major hit

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Innovation deficiency in Pakistan

26 Dec 21 18:17:25 +0500

With low literacy and on-job training, country performs poorly in innovation

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Slumpflation and structural constraints

26 Dec 21 18:17:24 +0500

Export statistics increase to some extent, still exportable surplus is low

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Tuwairqi Steel’s revival initiative

26 Dec 21 18:17:26 +0500

Hydrogen, Thar coal may help develop viable solution for mill’s revival

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WB to lend $195 million to boost DISCOs efficiency

24 Dec 21 05:03:38 +0500

$195m WB loan for enhancing DISCOs efficiency

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Oil prices ease as focus shifts to OPEC+ move

24 Dec 21 15:08:08 +0500

Benchmark Brent crude still headed for weekly gain of about 3.5%

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Market watch: KSE-100 erases gains, closes week in red

24 Dec 21 15:58:09 +0500

Benchmark KSE-100 index falls 148.52 points to settle at 44,118.39

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FBR head of technology walks away

24 Dec 21 19:47:22 +0500

Decision came apparently due to disagreement on salary package

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Punjab, Sindh meet sowing target

24 Dec 21 17:41:52 +0500

Minister stresses challenges should be addressed timely to stay on track

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KSE projected to hit 55,000 by 2022

24 Dec 21 19:46:11 +0500

Experts predict eight new firms will raise Rs14-15 billion through IPOs

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Refinery shutdowns may dent aviation fuel reserves

24 Dec 21 19:49:16 +0500

Petroleum Division asked to help run refineries at optimal capacity

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Exporters pleased with government incentives

24 Dec 21 19:48:17 +0500

PRGMEA official says leadership’s measures bolstered economy, saved jobs

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Rupee slips against dollar

24 Dec 21 19:54:58 +0500

The SBP has injected $1.2 billion into the inter-bank market to defend the rupee

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APCNGA laments mismanagement in gas sector

24 Dec 21 19:43:08 +0500

Actions of such departments resulted in production and export losses worth billions of rupees, say officials

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SPI increases 0.4%

24 Dec 21 19:55:53 +0500

During the week under review, average prices of 23 items rose in a selected basket of goods, prices of five items fell

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Japan unveils record annual budget

24 Dec 21 19:41:51 +0500

Months of restrictions took a toll on country’s economy

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Russia fines Google, Meta record $125 million

24 Dec 21 19:44:05 +0500

Moscow has been piling pressure on Western social media giants

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China proposes tighter rules but no ban for offshore listings

24 Dec 21 19:45:12 +0500

CSRC states new regulations reflect Beijing’s desire to open up

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Turkish lira caps historic week with big lift from govt

24 Dec 21 19:50:16 +0500

State-backed market interventions help currency recover by 50%

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European stocks close lower

24 Dec 21 19:56:45 +0500

London’s FTSE 100 closed flat, while France’s CAC 40 ended 0.3% lower

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ECNEC gives nod to four projects costing Rs265b

23 Dec 21 05:36:01 +0500

Approved schemes include construction of much-delayed Sukkur-Hyderabad motorway

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Market watch: KSE-100 marches upward over drop in PIB yields

23 Dec 21 14:35:03 +0500

Benchmark index gains 91.94 points to settle at 44,266.91

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Foreign exchange: SBP reserves fall $415m to $18.15b

23 Dec 21 15:40:54 +0500

Decrease comes on back of external debt repayment

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Oil prices stable as positive Covid news balances curbs

23 Dec 21 15:34:42 +0500

Larger-than-expected drawdown in US crude stockpiles support gains

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Revised SBP bill vague on inflation

23 Dec 21 20:23:22 +0500

Documents show govt failed to win back ground conceded in Feb-Mar 2021

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Foreign loans surge to $4.6b

23 Dec 21 20:24:38 +0500

Figure does not include borrowing made through Naya Pakistan Certificates

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Bond yields on downward trajectory

23 Dec 21 20:17:10 +0500

Returns fall by 22-65 basis points in primary and secondary markets

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Gas crisis to hit GDP growth

23 Dec 21 20:25:32 +0500

Businessmen say energy shortage will hamper exports from Pakistan

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ECC to decide on resuming LPG plant operations

23 Dec 21 20:28:25 +0500

Secretary says SSGC may provide gas to JJVL plant subject to commercial viability

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Rupee strengthens against dollar

23 Dec 21 20:34:18 +0500

Rupee had been on downtrend since hitting 22-month high of Rs152.27 in May 2021

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SBP reserves fall $415m to $18.15b

23 Dec 21 20:33:08 +0500

Decrease comes on back of external debt repayment

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Industry demands new fertiliser policy

23 Dec 21 20:20:06 +0500

Says it should focus on WACOG, leverage excess urea capacity through exports

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Mills buying sugarcane at higher prices: PSMA

23 Dec 21 20:22:22 +0500

Spokesman claims sugarcane price has crossed Rs300 per 40 kg in some areas

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Italy, Intel intensify investment talks

23 Dec 21 20:19:05 +0500

Intel declined to comment on Thursday on the talks or the size of investment

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Omicron unlikely to hit supply chain

23 Dec 21 20:35:17 +0500

US actions to eliminate supply-chain snarls had staved off a pre-Christmas crisis, says Biden

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‘Expatriates should invest in their homeland’

23 Dec 21 20:21:23 +0500

Delegation was led by president of Aspire Pakistan

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Revised SBP bill vague on inflation

23 Dec 21 20:23:22 +0500

Documents show govt failed to win back ground conceded in Feb-Mar 2021

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Foreign loans surge to $4.6b in five months

23 Dec 21 20:24:38 +0500

Figure does not include borrowing made through Naya Pakistan Certificates

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Cabinet defers Rs360b mini-budget

22 Dec 21 03:32:23 +0500

Govt also delays approval of SBP Amendment Bill

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Pakistan, ADB to ink loan agreements worth $1.535bn

22 Dec 21 06:56:31 +0500

$300 million to be provided for energy sector reforms and financial sustainability program

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Cabinet defers Rs360b mini-budget

22 Dec 21 03:32:23 +0500

Govt also delays approval of SBP Amendment Bill

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Market watch: volatile session ends with marginal loss

22 Dec 21 15:22:55 +0500

Benchmark KSE-100 index slips 2.1 points to settle at 44,174.97

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Oil prices steady as Omicron caution lingers

22 Dec 21 15:47:55 +0500

More and more countries introduce restrictions to combat new variant

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Cabinet extends old-design banknotes exchange date

22 Dec 21 18:45:43 +0500

SBP BoDs had sanctioned the extension for currency notes of value Rs10, Rs50, Rs100 and Rs1000

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Private sector borrowing rises despite rate hike

22 Dec 21 20:19:14 +0500

Loans taken by private businesses tick up 3% to Rs6.05tr in Nov

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Circular debt may rise Rs50b

22 Dec 21 20:09:08 +0500

Govt could not put in place mechanism for making recoveries from LNG consumers

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Pakistan secures $1.5 billion ADB loan

22 Dec 21 20:17:01 +0500

Financing will be utilised for development of energy, infrastructure sectors

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EOBI to offer self-assessment scheme

22 Dec 21 19:59:59 +0500

It will encourage pension contribution from employers, benefit employees as well

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Tarin advocates building strategic sugar reserves

22 Dec 21 20:18:17 +0500

Commends Punjab, K-P efforts for arranging Sasta Bazaars

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Rupee slips against dollar

22 Dec 21 20:22:09 +0500

A total of $5.8 billion since the Pakistan Tehreek-e-Insaf (PTI) government

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Pakistan, China join hands for new wheat varieties

22 Dec 21 20:04:07 +0500

Researchers will develop different seed varieties to cope with harsh conditions

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PM for tapping IT export potential

22 Dec 21 20:20:28 +0500

Directs authorities to leverage technology to earn forex, cut deficit

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Minister proposes tax-free zone at Port Qasim

22 Dec 21 20:08:10 +0500

Says it will help boost investment, benefit Pakistan and Japan

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Telecom firm plans to increase investment

22 Dec 21 20:07:07 +0500

Mulls expansion and diversification in Pakistan

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EU proposes law to implement deal

22 Dec 21 20:25:08 +0500

OECD and G20 agreement on the reallocation of taxing rights

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Global shipping in crosshairs

22 Dec 21 20:23:13 +0500

Shipping, which transports about 90% of world trade and accounts for nearly 3% of the world’s CO2

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Get acquainted with Binomo: The online trading platform you can rely on

22 Dec 21 14:03:01 +0500

Trading on Binomo is convenient without the added cost of speaking to a broker

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Govt aims to take Pakistan’s exports to $57bn by 2025

21 Dec 21 04:35:24 +0500

Ministry of Commerce issues new policy which prioritises 18 sectors for enhancing country’s exports

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Market watch: KSE-100 falls over dispiriting BOP data

21 Dec 21 15:27:03 +0500

Benchmark index declines 162.88 points to settle at 44,177.07

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Azhar proposes duty-free sugar import

21 Dec 21 20:18:20 +0500

Stresses inexpensive imports will help tackle price manipulation in domestic market

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Mobile phone imports surge

21 Dec 21 20:15:55 +0500

Increase 42% month-on-month to $212 million in November

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Karachi facing acute gas shortage

21 Dec 21 20:19:24 +0500

Ministry blames it on freezing cold in Quetta where demand has risen

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Govt promoting climate-resilient shrimp farming

21 Dec 21 20:14:09 +0500

Rs6b set aside under agri-emergency programme for support

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SAAF to enhance access to finance

21 Dec 21 19:27:38 +0500

SBP governor says it addresses longstanding challenge of lack of collateral for SMEs

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Global businesses free to enter CPEC

21 Dec 21 20:13:02 +0500

BOI chairman invites foreign businessmen to invest in diverse sectors of Pakistan

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Rupee slips against dollar

21 Dec 21 20:22:50 +0500

The SBP has injected $1.2 billion into the inter-bank market

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Trade with Kabul to immensely benefit K-P

21 Dec 21 20:21:26 +0500

President Alvi says govt making efforts to support business community

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FBR chief for resolving Pak-Iran border issues

20 Dec 21 03:46:19 +0500

Promises to involve federal govt for necessary intervention at policy level

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Finance adviser Shaukat Tarin elected senator from K-P

20 Dec 21 12:52:27 +0500

PMs aide is now expected to be appointed as finance minister once again

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Oil prices slide as rapid Omicron spread dims fuel demand outlook

20 Dec 21 13:08:32 +0500

Fears loom new mobility restrictions to contain outbreak can hit fuel demand

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Lira crashes to new low of 20 vs euro after Erdogan comments

20 Dec 21 14:50:36 +0500

Turkish premier defends economic policy, likens currency volatility to attacks on economy

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Market watch: Stocks rally on economic optimism

20 Dec 21 15:12:11 +0500

Benchmark KSE-100 index surges 439.27 points to settle at 44,339.95

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Lira plunges again after Erdogan cites Islam to defend interest rate cuts

20 Dec 21 13:11:24 +0500

Turkish president says ‘as a Muslim, I will continue doing what our religion tells us’

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Govt mulls setting car prices

20 Dec 21 19:46:26 +0500

Ministry proposes establishment of regulatory board to fix vehicle prices

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FBR seeks powers to seal businesses

20 Dec 21 20:01:25 +0500

More punitive powers will target business premises that fail to integrate with tax system

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Current account gap widens to $1.9b

20 Dec 21 19:57:02 +0500

Deficit increases to 40-month high, driven by soaring imports

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Auto financing slows down

20 Dec 21 20:00:25 +0500

Data shows borrowing made to purchase vehicles inched up just 1% in Nov

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Banks disburse Rs1.4tr agri-credit in FY21

20 Dec 21 19:59:18 +0500

SBP governor stresses need to improve credit quality, tackle uneven distribution

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Increase in WHT on cellular services likely

20 Dec 21 19:52:39 +0500

Move in conflict with cut in tax on phone calls, undermines Digital Pakistan vision

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Oil prices plummet as Covid-19 dims outlook

20 Dec 21 19:55:45 +0500

Spread of Omicron variant in Europe, US stokes investor worries

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Innovation needed to achieve food security

20 Dec 21 20:02:52 +0500

Programme launched to educate farmers, promote innovation to increase productivity

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Power hike of Rs4.33 per unit on cards

19 Dec 21 17:41:27 +0500

CPPA seeks increase in tariff on basis of monthly fuel adjustment

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Telecom sector in year 2021

19 Dec 21 18:18:56 +0500

Spectrum offer at fair prices will bring more cash for govt, boost economy

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Hope not a strategy to tame price volatility

19 Dec 21 18:18:58 +0500

Many countries gained an advantage by filling their strategic reserves when oil prices were low

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From economic growth to transformation

19 Dec 21 18:18:59 +0500

It calls for grand re-look at allocation of resources including public spending, taxes and tariffs

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Building on geo-economic narrative

19 Dec 21 18:19:00 +0500

Country should shift from protectionist mindset; key sectors must be protected

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Time to shift employment’s needle

19 Dec 21 18:19:02 +0500

There are several reasons behind ongoing chaos in job market and they need to be addressed

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Asset declarations to be made public under IMF condition

18 Dec 21 04:37:35 +0500

Govt can exempt judiciary, armed forces’ members from disclosure

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Tax collection on demand falls 41%

18 Dec 21 19:30:47 +0500

Field formations generated hardly Rs12.5 billion from July 1 to December 15

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Cotton output spikes 44% to 7.3m bales

18 Dec 21 19:51:40 +0500

Supply to textile exporters increases following better yield

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Tyre makers jack up prices

18 Dec 21 19:47:33 +0500

Cite surging input costs as reason behind price increase

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Biohealth cooperation to flourish

18 Dec 21 19:13:23 +0500

Pakistan, China open Biohealth Agri Demonstration Park after 13 years of efforts

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PSX gains 505 points on upbeat outlook

18 Dec 21 19:28:16 +0500

Market oscillates between red and green zones due to mix of positive, negative news

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PIA acquires modern A320 simulator

18 Dec 21 19:50:06 +0500

Simulator complex was being set up at Karachi airport where all airlines, says PIA CEO

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Fitch downgrades Sri Lanka as default fears mount

18 Dec 21 19:25:33 +0500

Decision comes after country reports 1.5% contraction in third quarter of 2021

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Dutch flock to shops before expected lockdown

18 Dec 21 19:27:01 +0500

Health experts recommend closure of all non-essential shops, schools, restaurants

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Narrowing market breadth worrying signal for global stocks

18 Dec 21 19:29:38 +0500

Situation can spark period of rocky trading with deeper-than-average drawdowns

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Govt to slap 17% GST on 140 goods

17 Dec 21 03:55:01 +0500

Rs360 billion mini-budget ready to be unveiled

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Oil prices head for weekly loss on Omicron uncertainty

17 Dec 21 11:19:18 +0500

Both benchmarks fall over 1% as virus cases mount

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Market watch: KSE-100 advances in roller-coaster session

17 Dec 21 15:48:45 +0500

Benchmark index adds 169.48 points to settle at 43,900.68

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Rupee falls below Rs178 mark against dollar

17 Dec 21 19:50:41 +0500

Anticipation of high current account figure drives devaluation in inter-bank market

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FDI improves 12% in Jul-Nov

17 Dec 21 19:48:28 +0500

Amounts to $798 million on back of boom in IT sector amid Covid-19

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Pakistani market entices Dubai-based firms

17 Dec 21 19:51:42 +0500

UAE companies invested around $220 million in past five years

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LNG terminal operator eager to expand capacity

17 Dec 21 19:49:48 +0500

Asks govt to allow expansion, move towards building onshore terminals later

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SPI increases 0.55%

17 Dec 21 19:47:16 +0500

The SPI for the combined income group rose 19.49%

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Pakistan’s leather exports have great prospects

17 Dec 21 19:52:56 +0500

Industry recovers owing to relaxation in lockdowns, prudent government policies

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Further subsidies of Rs100b demanded

17 Dec 21 18:40:45 +0500

Exporters want continuous supply of gas amid failure to honour past commitments

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Businessmen irked by additional taxes

17 Dec 21 19:45:18 +0500

The government has introduced the bill in order to meet the conditions of the International Monetary Fund (IMF)

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Another body set up to solve economic problems

16 Dec 21 04:24:14 +0500

Tarin to head Economic Executive Council with mandate to take corrective measures

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Foreign exchange: SBP reserves fall $90m to $18.57b

16 Dec 21 13:16:11 +0500

Central bank gives no reason behind decrease

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Market watch: Bourse turns bearish, drops 636 points

16 Dec 21 14:59:20 +0500

Benchmark KSE-100 index declines 1.43% to settle at 43,731.2

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Slowdown in LSM growth persists

16 Dec 21 18:03:00 +0500

Large industries post 3.6% expansion during July-October 2021

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ECC okays hike in power prices

16 Dec 21 19:56:24 +0500

Also approves draft of new automobile policy that discourages use of electric vehicles

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‘Exploitation of mineral sector can enhance exports, boost growth’

16 Dec 21 19:53:25 +0500

ICCI chief says appropriate attention not being paid to the sector

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Mobile firms focusing on innovation

16 Dec 21 20:00:38 +0500

Younger generation encouraging mobile makers to equip faster, capable processors

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Rupee stable against dollar

16 Dec 21 20:03:27 +0500

SBP has injected $1.2 billion into inter-bank market to defend rupee in ongoing fiscal year

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Turkish lira hits new low after interest rate cut

16 Dec 21 19:52:10 +0500

Dollar has more than doubled in value against Turkish currency this year

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ECB cuts stimulus but promises copious support

16 Dec 21 19:54:40 +0500

Bank signals that exit from years of exceptionally easy policy will be slow

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SBP reserves fall $90m to $18.57b

16 Dec 21 20:02:13 +0500

Central bank gives no reason behind decrease

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Prospects bright for Pak-China biogas cooperation

16 Dec 21 19:57:42 +0500

Expert points out Pakistani rural areas have huge biomass reserves

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UAE firm invests $15m in Pakistan

16 Dec 21 20:04:28 +0500

Right time to invest, start a business in Pakistan, says minister

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Oil rises over 1%

16 Dec 21 20:05:27 +0500

Demand has been rising in 2021 after last year’s collapse

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Rs230b payments to Chinese power plants still pending

15 Dec 21 04:04:53 +0500

Govt also yet to open a revolving fund that will have deposits equal to 21% of power generation cost

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Govt may slash petrol price by Rs11 per litre

15 Dec 21 04:05:00 +0500

Ogra proposed reduction in prices of petroleum products by Rs8 to 10 per litre

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Gas shortage ‘not linked with LNG import’

15 Dec 21 05:26:54 +0500

Hammad says legislation being enacted to determine the average price of domestic and imported gas

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KSE-100 jumps over 1,100 points in intra-day trading

15 Dec 21 09:07:50 +0500

Positive near-term outlook helps index power past 44,000 point barrier

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Govt approves SME policy to strengthen industrial, manufacturing base in country

15 Dec 21 11:56:26 +0500

Rs30b rupees has been allocated for SMEA for a period of five years, says Production Minister Khusro Bakhtiar

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Govt to make public sugar committee’s report tomorrow

15 Dec 21 12:49:22 +0500

Energy minister says thrust of reform is towards deregulation, documentation and enhancing competition in sugar sector

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Market watch: Bourse rallies on improved outlook

15 Dec 21 09:07:50 +0500

Benchmark KSE-100 index gains 1,120.15 points to settle at 44,366.86

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Govt cuts prices of petroleum products by up to Rs7 per litre

15 Dec 21 15:21:08 +0500

Development comes as the price of crude oil sees a decline worldwide

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Deadlines for 5 projects extended

15 Dec 21 19:32:55 +0500

CPEC Schemes facing delays due to overall slowdown of work, Covid disruptions

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K-P told to fix blame for canal scheme delay

15 Dec 21 19:34:05 +0500

Ministry demands inquiry into poor design of Warsak Canal System

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Q-commerce enters Pakistan

15 Dec 21 19:36:22 +0500

Rapid growth of e-commerce encourages firms to innovate

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M3, M5 motorways to get broadband connectivity

15 Dec 21 18:38:45 +0500

Minister says scheme is part of Digital Pakistan initiative

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Govt committed to removing supply hurdles

15 Dec 21 19:37:35 +0500

PM aide suggests planning imports to avoid price hike in country

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Hedge funds set to end 2021 with inflows

15 Dec 21 19:31:20 +0500

Growth expected on back of investor shift to alternative assets

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Pakistan, China firms to bolster ties

15 Dec 21 19:35:17 +0500

Eye cooperation in potato starch processing, embroidery products

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‘Insurance companies should keep conditions transparent’

15 Dec 21 19:30:15 +0500

FIO says secrecy in insurance documents creates problems

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Rupee falls to new record low

15 Dec 21 19:38:42 +0500

Demand for the foreign currency stands higher compared to its supply

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People squeezed by inflation face more pain from tax hikes

14 Dec 21 03:29:48 +0500

Pakistans debt-bound economy has long been hobbled by problems

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SBP hikes interest rate by 100 bps to 9.75%

14 Dec 21 11:47:58 +0500

Increase in line with market expectations

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ADB trims Asia growth forecasts as Omicron threatens economy

14 Dec 21 13:36:38 +0500

Says global surge in Covid-19 cases suggests pandemic will take time to play out

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Oil dips towards $74 as Omicron concerns dominate

14 Dec 21 14:59:41 +0500

Surge in new Covid-19 cases expected to slow recovery in oil demand

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Market watch: Late session buying lifts KSE-100

14 Dec 21 15:59:37 +0500

Benchmark index gains 370.34 points to settle at 43,246.71

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Interest rate hits 20-month high

14 Dec 21 19:24:42 +0500

Despite increase, SBP estimates inflation, current account deficit to remain elevated

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Oil refineries posting negative returns

14 Dec 21 19:26:29 +0500

Petroleum Division discloses this in presentation to Cabinet Committee on Energy

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Rupee strengthens against dollar

14 Dec 21 19:36:36 +0500

Demand for the foreign currency stood higher

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Floodgates of jobs to open in Gwadar

14 Dec 21 17:23:47 +0500

Coastal city projected to generate 1.2m jobs for skilled workers, professionals

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ADB okays $200m for Punjab’s irrigation system

14 Dec 21 19:29:13 +0500

Aid focused on increasing agricultural productivity, enhancing food security

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Starlink to launch satellite internet across Pakistan

14 Dec 21 19:31:36 +0500

Starlink internet could also be expanded to the unserved and underserved areas of Pakistan

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Chinese B2B firm to invest $50 million in Pakistan

14 Dec 21 19:30:17 +0500

Company to facilitate building material retailers via physical, digital presence

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‘Pak-Afghan trade to steer nationwide development’

14 Dec 21 19:32:38 +0500

Experts demand proper mechanism for removal of hurdles in bilateral trade

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10 freight trains moving between Pak, Iran every month

13 Dec 21 05:21:48 +0500

Feasibility study was carried out at an estimated cost of $698 million

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Market watch: Bears pull stocks down ahead of MPC meeting

13 Dec 21 15:47:56 +0500

Benchmark KSE-100 index plunges 519.41 points to settle at 42,876.37

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Market projects 100-150 bps hike

13 Dec 21 20:26:19 +0500

Increase in policy rate expected to reduce trade, current account deficits

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Cabinet to ponder extension for old banknotes

13 Dec 21 20:35:46 +0500

Previous government had banned use of old-design currency notes from Dec 2016

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Football exports breach $50 million mark

13 Dec 21 20:33:02 +0500

Shipments to overseas markets rise in wake of rupee depreciation

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Remittances fall as travel resumes

13 Dec 21 20:31:22 +0500

Inflows slow down to $2.4b with decrease in global Covid cases, economic recovery

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Power firms can change criteria for hiring CEO

13 Dec 21 20:28:14 +0500

Cabinet gives its nod as earlier requirements allowed only engineers to apply

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Asaan account to boost financial inclusion

13 Dec 21 20:29:19 +0500

SBP governor says initiative will result in significant increase in bank account openings

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Car sales accelerate 29% in November

13 Dec 21 20:34:33 +0500

Rise comes due to low base effect as automakers sell 18,714 units

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Minister for monitoring urea supply

13 Dec 21 20:37:02 +0500

Asks authorities to identify factors behind fertiliser black market

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FTA with Indonesia under review

13 Dec 21 20:30:18 +0500

Envoy says bilateral economic cooperation can unlock new avenues for trade

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SOE boards exempted from scrutiny

12 Dec 21 04:07:42 +0500

ECNEC terms proposal unnecessary that can hinder board initiatives and decisions

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Footwear exports to reach $1b by 2027

12 Dec 21 04:09:56 +0500

Association chief says industry has significantly cut its import share in recent years

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FBR to consult industry on property valuation

12 Dec 21 04:09:58 +0500

NA body to discuss the issue in next meeting

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Industry against gas supply suspension

12 Dec 21 04:14:59 +0500

Advises public utility to observe gas holidays, make better load management

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SBP amends rules for microfinance banks

12 Dec 21 04:18:11 +0500

Changes expected to streamline receipt of credit information report

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KSE-100 creeps up in topsy-turvy trading

12 Dec 21 04:20:42 +0500

Bearish, bullish pressures restrict movement of KSE-100 that gains 163 points

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Kyrgyzstan keen on joining CPEC

12 Dec 21 04:18:19 +0500

Envoy says Central Asian country wants to benefit from Gwadar Port

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SMEDA asks industrialists to invest in Hyderabad

12 Dec 21 04:24:30 +0500

Cites real estate, transportation, agriculture as potential areas of investment

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Petroleum secretary shown the door

12 Dec 21 04:54:47 +0500

Govt’s move gives more powers to Power Division which is ‘responsible for imminent oil crisis’

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Mini-budget session postponed as govt set to host global moot on Kabul

12 Dec 21 11:31:26 +0500

OIC foreign ministers meeting to be held at Parliament House on Dec 18 and 19

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The neglected water economy

12 Dec 21 18:03:32 +0500

Tiered pricing system needed to reduce water wastage in urban areas

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Why high trade deficit needs U-turn?

12 Dec 21 18:03:34 +0500

With economy inclined towards imports, it will not be able to gain investor confidence

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The unchecked surge in Pakistan’s import bill

12 Dec 21 18:03:35 +0500

Increase being witnessed due to low base effect, rise in commodity prices

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Increase in the ranks of unemployed

12 Dec 21 18:03:35 +0500

Private sector must be engaged to tackle unemployment in country

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Promoting solar equipment manufacturing

12 Dec 21 18:03:36 +0500

Apart from saving forex, local manufacturing will increase employment, help adopt technologies

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Mini-budget rescheduled due to OIC FMs moot

12 Dec 21 11:31:26 +0500

OIC foreign ministers meeting to be held at Parliament House on Dec 18 and 19

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ECC gives nod to UEP providing gas to SSGC

11 Dec 21 04:54:24 +0500

Price will be applicable as per petroleum policy to be decided by relevant regulators

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SPI fell slightly by 0.07%

11 Dec 21 04:57:58 +0500

Prices registered an increase of 18.58% against corresponding week of previous year

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Tarin hints at relief on fuel prices

11 Dec 21 05:15:02 +0500

Says drop in the global market will positively impact the petrol prices in Pakistan

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NEPRA allows Rs4.75 per unit hike in power tariff

10 Dec 21 04:29:51 +0500

Increase comes on account of monthly FCA for October 2021

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Tarin assures of drop in basic commodities prices

10 Dec 21 05:35:55 +0500

Adviser says decline in rates in global market will benefit Pakistan as well

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Market watch: Stocks falter on rate hike jitters

10 Dec 21 16:29:11 +0500

Benchmark KSE-100 index loses 123.06 points to settle at 43,395.78

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Govt to probe delay in ADB-funded project

10 Dec 21 20:57:53 +0500

Despite $400m loan approval, Advanced Metering Infrastructure scheme could not be implemented

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Pakistan’s PVC production rises

10 Dec 21 20:56:19 +0500

PM inaugurates new plant of 100,000 tons which will support import substitution

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Tax evasion by five sectors amounts to Rs310b

10 Dec 21 20:52:29 +0500

Research house says HDI ranking can be improved by curbing illegal trade

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350MW solar park to provide cheap electricity to Karachi

10 Dec 21 21:01:48 +0500

Scheme to be completed in two years

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SSGC to suspend gas supply to non-export industries

10 Dec 21 21:00:41 +0500

Decision to come into effect today under gas load management plan

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IFC to provide $1.2b to companies

10 Dec 21 20:50:52 +0500

Praises Pakistan for improving climate investment, ease of doing business

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Efforts underway to boost exports

10 Dec 21 20:59:37 +0500

PM aide asks officials to efficiently organise Lahore expo for luring foreign buyers

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Oil on track for biggest weekly gain since August

10 Dec 21 20:55:17 +0500

Crude benchmarks inch up amid easing concerns of Omicron variant

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Japan hammers out tax reform to boost wages

10 Dec 21 20:54:11 +0500

There was a lot of work yet to be done on tax reform

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Mini budget under preparation, Senate panel told

09 Dec 21 03:39:06 +0500

Standing Committee on Finance summons NAB chairman on next meeting

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Pakistani startups attract $300m in global investments

09 Dec 21 09:59:38 +0500

Country adopted technology-driven solutions at an accelerated pace during the Covid pandemic

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Oil slips after restrictions to counter Omicron variant

09 Dec 21 12:37:51 +0500

Number of infections mounts in South Korea, Singapore, Australia

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Market watch: Bears hold sway as KSE-100 declines

09 Dec 21 14:49:54 +0500

Benchmark index falls 328.03 points to settle at 43,518.84

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Foreign exchange: SBP reserves rise $2.65b to $18.66b

09 Dec 21 17:30:51 +0500

Receipt of $3 billion from Saudi Arabia bolsters reserves

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Govt to lay high growth foundation

09 Dec 21 20:04:15 +0500

It will enable country to withstand any kind of shock, says finance adviser

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Pakistani startups luring global investors

09 Dec 21 20:06:02 +0500

Foreign investment in businesses reaches $310m this year

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900MW power plant awaits gas supply

09 Dec 21 20:10:17 +0500

Petroleum Division asks ECC to issue guidelines for notifying gas sale price

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Govt hikes profit rates on national saving schemes

09 Dec 21 20:12:36 +0500

Increase comes as leadership looks to mobilise high investment in saving products

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SBP reserves rise $2.65b to $18.66 billion

09 Dec 21 20:15:09 +0500

Receipt of $3 billion from Saudi Arabia bolsters reserves

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Rupee falls to new record low

09 Dec 21 20:16:26 +0500

Cash deposit by Saudi Arabia helped rupee to appreciate; the recovery proved short-lived

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Alvi stresses financial inclusion of women

09 Dec 21 20:09:12 +0500

Says data collection direly needed for policy formulation, decision making

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CCP unearths cartel of poultry firms

09 Dec 21 20:11:39 +0500

Finds price fixing for day-old broiler chicks by eight hatcheries

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Bumper crops to fetch billions

09 Dec 21 20:13:34 +0500

Minister stresses farmers will get additional income of Rs400 billion

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Pakistan, Belgium vow to boost trade ties

08 Dec 21 05:21:15 +0500

This is the first visit of a Pakistani foreign minister to Belgium in a decade

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Market watch: Stocks end flat in range-bound session

08 Dec 21 16:10:33 +0500

Benchmark KSE-100 index inches down 6.62 points to settle at 43,846.87

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Oil steadies near $75 as investors assess Omicron’s impact

08 Dec 21 15:44:01 +0500

Brent crude prices have rebounded by over 9% since December 1

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LNG terminal only 70% utilised

08 Dec 21 20:12:31 +0500

Petroleum Division calls for expanding terminal’s capacity to satisfy demand

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Rupee crosses 177 barrier vs dollar

08 Dec 21 20:19:33 +0500

Currency fall dashes market hopes for recovery after receipt of Saudi Arabian aid

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SBP to invest Rs100m in cyber security

08 Dec 21 20:23:14 +0500

Awards contract for supply of intrusion detection and protection systems

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Sugar prices stay stable: NPMC told

08 Dec 21 20:24:28 +0500

PM aide for establishing mechanism to keep wheat prices in check

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OGRA reduces RLNG prices

08 Dec 21 20:26:07 +0500

Rates cut by around $3 for Dec compared to previous month

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Declining profits take toll on dates industry

08 Dec 21 20:16:19 +0500

Expert cites lack of advanced cold storages, logistics industry as key factors

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‘Meeting cotton target essential for stability’

08 Dec 21 20:17:19 +0500

Punjab agriculture minister directs all stakeholders to unite for the purpose

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Gwadar Port to help enhance trade

08 Dec 21 20:21:56 +0500

For six years, China has become largest trading partner of Pakistan

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Dubai energy firm to invest in Pakistan

08 Dec 21 20:18:35 +0500

Company mulling initial investment of $15 million

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Rupee crosses 177 barrier vs dollar despite Saudi lifeline

08 Dec 21 20:19:33 +0500

Currency fall dashes market hopes for recovery after receipt of Saudi Arabian aid

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Power tariff jacked up by Rs3.75 per unit for Karachi

07 Dec 21 05:58:38 +0500

The increase in electricity prices is in line with the September monthly fuel adjustment, says Nepra

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Oil climbs more than 2% on easing Omicron fears, Iran delay

07 Dec 21 12:47:51 +0500

Saudi Arabia raised monthly crude prices on Sunday

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Market watch: Bourse jumps on encouraging economic cues

07 Dec 21 15:31:19 +0500

Benchmark KSE-100 index gains 572.72 points to settle at 43,853.49

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Petrol stocks reach record high

07 Dec 21 19:55:15 +0500

High prices, lower consumer demand lead to rapid increase in inventory

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Majority of CPEC projects completed: envoy

07 Dec 21 20:58:43 +0500

Chinese diplomat says CPEC playing key role in regional development

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Country saves $410m in phone imports

07 Dec 21 21:03:28 +0500

PM adviser calls Make-in-Pakistan policy a resounding success

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Aamir Khan re-appointed SECP head

07 Dec 21 21:04:58 +0500

Seats of two commissioners vacant for past seven months

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FBR engages SBP experts for property valuation

07 Dec 21 21:09:22 +0500

Initiative aimed at taking property values near market prices

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Rupee slips to new all-time low

07 Dec 21 21:13:12 +0500

Demand for the foreign currency stands higher compared to its supply

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Oil rises 4%

07 Dec 21 21:06:49 +0500

Brent crude futures were up $2.89, or 4%, at $75.97 a barrel

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PM expects higher growth than last year

07 Dec 21 21:11:35 +0500

Says country’s macroeconomic indicators are stable

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Govt focusing on export-led growth, says Tarin

07 Dec 21 21:00:27 +0500

Adviser says govt providing several incentives, lending support to businesses

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Alvi for imparting cyber security training

07 Dec 21 21:01:57 +0500

Stresses need for enhanced security of information systems

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Hike in gas prices sparks disparity

07 Dec 21 21:08:28 +0500

Punjab industries minister promises to turn export sector competitive

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Oil rebounds towards $72 on Omicron hopes, Iran talks

06 Dec 21 13:04:36 +0500

Easing of virus fears boosted European equities, safer havens gave up recent gains

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Market watch: Saudi aid propels KSE-100 index

06 Dec 21 15:08:24 +0500

Benchmark index adds 47.94 points to settle at 43,280.77

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Maersk pens contract with TezMedz and Tabiyat.pk for integrated cold chain solutions

06 Dec 21 07:03:05 +0500

The two cold chain W&D facilities will be ready and fully operational by January 1, 2022

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Startup connects overseas Pakistanis with families

06 Dec 21 20:39:41 +0500

App to address common issues of people residing abroad like bill payments

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Govt set to appoint MDs of energy firms

06 Dec 21 20:43:53 +0500

Petroleum Division says heads of four energy companies will be hired in 1-3 months

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SSGC seeks hike in gas price

06 Dec 21 20:45:51 +0500

Businessmen lambast utility for demanding increase in tariff

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FBR directed to revoke new property valuations

06 Dec 21 20:42:25 +0500

Senate body chief recommends consultation with stakeholders before any change

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More listings of tech firms expected

06 Dec 21 20:48:07 +0500

PSX’s GEM board opens new avenues for technology sector, startups

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Cement sales pick up 7% in November

06 Dec 21 20:44:58 +0500

Reach 4.82m tons compared to 4.5m tons in corresponding month of last year

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Rupee strengthens against dollar

06 Dec 21 20:49:13 +0500

Local currency fell to all-time low value

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Pakistan enjoys rapid digital evolution

06 Dec 21 20:37:58 +0500

BOI secretary says govt encouraging, protecting foreign investment in country

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Nowshera project matches clean energy plans

06 Dec 21 20:47:07 +0500

Project manager says it will significantly improve Pakistan’s ailing power grid

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‘Digitalisation key to empowering women, deprived citizens’

06 Dec 21 20:41:15 +0500

President calls for direct disbursement of Ehsaas aid to bank accounts

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Govt changing formula to measure inflation

05 Dec 21 04:01:56 +0500

PBS to review proportions and weightage of items in SPI, CPI basket

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Back towards stabilisation of economy

05 Dec 21 18:31:55 +0500

Growth target of 4.8% may not be achieved as govt itself tries to slow down pace

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COP26 aftermath: business or green revolution?

05 Dec 21 18:31:54 +0500

World is talking of small incremental changes instead of debating on larger climate issues

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Investment in port infrastructure

05 Dec 21 18:26:20 +0500

It will help buy new vessels, aid exporters in sustaining earnings growth

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Economy in slumpflation

05 Dec 21 18:26:20 +0500

Export growth fails to generate necessary forex reserves to finance imported goods

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Tarin insists economy moving in right direction

04 Dec 21 04:42:00 +0500

Adviser says inflation hurt lower-middle-income group the most

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LNG importer to use SNGPL pipelines

04 Dec 21 04:26:20 +0500

Gas utility gives nod which is termed step towards deregulating energy sector

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‘Pakistan can save $1 billion with new technology’

04 Dec 21 04:38:05 +0500

Startup says super capacitor module has 25 times higher capacity than traditional batteries

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Punjab achieves 95% of wheat sowing target

04 Dec 21 04:50:07 +0500

Meeting reviews progress on planting staple crop across country

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Businessmen develop strategy for growth

04 Dec 21 04:53:10 +0500

Say PSX’s slump temporary, recovery will begin soon

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Oil storages of power producers empty: OCAC

04 Dec 21 04:33:43 +0500

Lobby asks govt to direct IPPs to buy furnace oil from refineries, OMCs

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PayPal’s buy now, pay later volumes surge

04 Dec 21 04:59:40 +0500

Company records 400% increase in credit transactions amid shopping frenzy

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Traders lambast hike in property valuation

04 Dec 21 04:55:14 +0500

Say it is tantamoun to stalling country’s economy, suspending business activities

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Pakistan receives $3b deposit from Saudi Arabia

04 Dec 21 09:38:39 +0500

Amount expected to lend support to local currency

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OGRA cuts payment to gas producers

04 Dec 21 20:14:06 +0500

Insists decision encourages producers to timely apply for wellhead gas price notification

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10 items contribute 33% of import taxes

04 Dec 21 20:24:42 +0500

FBR collects Rs409b in taxes at import stage on petrol, gas, crude oil and others

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Auto experts support hybrid vehicles policy

04 Dec 21 20:26:11 +0500

Say it will have long-term positive impact on vendors and cut travel, fuel cost

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Businessmen lament lack of focus on export promotion

04 Dec 21 20:18:38 +0500

They term export recovery vital to ease pressure on external front

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Track, trace system to check hoarders

04 Dec 21 20:28:48 +0500

Pasting of stickers and bar codes on sugar bags underway

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Stocks tumble on swelling imports, trade gap

04 Dec 21 20:22:41 +0500

KSE-100 index loses 881 points, or 2% week-on-week, to close at 43,233

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Erdogan hopes lira will stabilise

04 Dec 21 20:31:47 +0500

The currency touched a record intra-day low of 14

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Traders demand withdrawal of hike in property valuation

04 Dec 21 20:21:27 +0500

Claim it will dent real estate and construction sectors

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Argentina eager to deepen bilateral ties

04 Dec 21 20:30:31 +0500

Envoy calls for devising new strategy to bolster trade relations

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‘SEZs tool to enhance investment’

04 Dec 21 20:27:40 +0500

BOI approves entry of two firms in NSTP SEZ

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USTR for supporting EV industry

04 Dec 21 20:32:51 +0500

US-Mexico-Canada trade agreement and would undermine Canada’s efforts to produce electric vehicles

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‘343,000MT’ of missing urea baffles govt

03 Dec 21 04:28:48 +0500

Offers Rs5m to informer on providing actionable info

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Market watch: Roller-coaster session ends on flat note

03 Dec 21 15:12:51 +0500

Benchmark KSE-100 index edges down 1.32 points to settle at 43,232.83

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Turkish central bank again stops lira from sliding to record

03 Dec 21 15:48:03 +0500

New finance minister supports low interest rate drive

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Equating USC with Walmart irks PAC

02 Dec 21 04:29:46 +0500

Committee asks govt to either close down Utility Stores or improve their standard

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PSX nosedives over 1,900 points in intra-day trading

02 Dec 21 07:22:19 +0500

Mounting imports, rise in T-bill yields drive sell off

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PSX nosedives over 2,000 points in intra-day trading

02 Dec 21 07:22:19 +0500

Mounting imports, rise in T-bill yields drive sell off

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KSE-100 nosedives over 2,100 points

02 Dec 21 07:22:19 +0500

Mounting imports, rise in T-bill yields drive sell off

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Oil climbs as investors focus on looming OPEC+ decision

02 Dec 21 13:23:56 +0500

Global oil prices have lost more than $10 per barrel since last Thursday

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Foreign exchange: SBP reserves fall $244m to $16.01b

02 Dec 21 16:52:23 +0500

Central bank cites no reason behind the decrease

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Closed LPG plant may get gas supply

02 Dec 21 20:38:24 +0500

CCOE also issues directives for facilitating private sector in LNG import

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Steel makers lack mechanism to avail GST exemption

02 Dec 21 20:40:11 +0500

Say industry is yet to benefit from this incentive

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PM appoints 6th finance secretary in 3 years

02 Dec 21 20:41:10 +0500

New secretary to make decisions on key appointments, guarding public purse ahead of polls

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Omicron can hit global economy: Yellen

02 Dec 21 20:43:01 +0500

Hopes it will not slow down growth significantly

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Govt to launch e-commerce university

02 Dec 21 20:42:07 +0500

SAPM says it will enhance capabilities of e-commerce stakeholders

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Rupee continues to be on slippery ground

02 Dec 21 20:47:05 +0500

Mammoth import bill for Nov drags currency to new historic low

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PSX likely to reach 50,000 by end-2022

02 Dec 21 20:48:03 +0500

Poll forecasts economy will grow 4-5%, inflation will stand at 10% in FY22

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K-Electric seeks Rs1.38 per unit rise in tariff

02 Dec 21 20:46:08 +0500

Demands price increase on account of fuel cost adjustment

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State Bank reserves fall $244m to $16.01b

02 Dec 21 20:49:21 +0500

Central bank cites no reason behind the decrease

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KSE plunges on high yields, huge trade deficit

02 Dec 21 07:22:19 +0500

Benchmark index drops over 2,100 points; dollar traded at RsRs176.65

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Fuel prices unchanged despite drop in int’l oil prices

01 Dec 21 05:17:42 +0500

Ogra reduces LPG prices by Rs14 per kg

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Oil prices rally ahead of OPEC+ meeting

01 Dec 21 14:27:26 +0500

Analysts expect major producers to pause plans to add 400,000 bpd of supply in January

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Market watch: MSCI reclassification lifts stock market

01 Dec 21 15:04:35 +0500

Benchmark KSE-100 index rises 296.76 points to settle at 45,369.14

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Banks’ lending rates jump

01 Dec 21 20:18:58 +0500

Increase signals another aggressive hike in SBP policy rate on December 14

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ECC approves Rs48b cash aid for poor

01 Dec 21 20:33:26 +0500

Turns down railway’s demand for Rs10b package for pension payments

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Exports touch record high at $2.9b

01 Dec 21 20:30:13 +0500

Ballooning imports, however, pose risk to country’s improving earnings

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PSO seeks govt help to avoid oil crunch

01 Dec 21 20:29:12 +0500

Despite imports, power producers reluctant to procure furnace oil

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Sugar prices stay stable: NPMC told

01 Dec 21 20:32:26 +0500

Finance secretary says sugar supplies reaching market that will push prices down

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SNGPL seeks Rs269 increase in gas price

01 Dec 21 20:34:30 +0500

Says gas cost surged due to expensive oil, rupee depreciation

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High inflation perturbs businessmen

01 Dec 21 20:28:09 +0500

Traders fear it will dent business, economic activities

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Wheat-chickpea intercropping kicks off

01 Dec 21 20:31:28 +0500

Technology to add chickpea output by ensuring wheat production in same area

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Envoy advises traders to enhance global presence

01 Dec 21 20:25:33 +0500

Says Brussels can act as transit hub for Pakistani exports to Europe

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Oil pares gains after rising more than 4%

01 Dec 21 20:27:02 +0500

Oil prices were also weighed down by a new coronavirus variant

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ECC approves Rs48b cash aid for poor

01 Dec 21 20:33:26 +0500

Turns down railway’s demand for Rs10b package for pension payments

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50,000T of wheat donated to Afghanistan

30 Nov 21 04:18:09 +0500

Several support measures in offing to help neighbour in difficult times

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Bumper rice crop likely to drive up exports

30 Nov 21 05:23:59 +0500

Imam says country has potential to fetch $4.75b by exporting its surplus produce

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Islamabad’s wheat largesse for cash strapped Kabul

30 Nov 21 04:18:09 +0500

Several support measures in offing to help neighbour in difficult times

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Oil falls 3% on jitters over vaccine efficacy

30 Nov 21 13:23:53 +0500

Market hopes OPEC+ will hold plans to add 400,000 bpd to supply in January

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Market watch: Heavy foreign selling pulls stocks down

30 Nov 21 15:49:41 +0500

Benchmark KSE-100 index dips 257.67 points to settle at 45,072.38

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FBR beats tax target by Rs298b

30 Nov 21 20:42:22 +0500

Receives Rs2.3 trillion largely because of higher sales tax collection at import stage

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Fruit traders forecast fall in kinnow exports

30 Nov 21 20:46:16 +0500

Expect them to dip 35% to 300,000 tons in current season

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Investors to return after MSCI reclassification

30 Nov 21 20:48:04 +0500

Strong economic fundamentals, rupee stability to bolster investor confidence in PSX

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Inflation soars to 21-month high

30 Nov 21 20:49:29 +0500

Inflation soars to 21-month high

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Refineries mull oil export

30 Nov 21 20:52:46 +0500

Say absence of HSFO demand forcing them to shut down plants

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Power tariff hike of Rs4.75 per unit likely

30 Nov 21 20:51:33 +0500

NEPRA reserves decision on fuel cost adjustment for Oct 2021

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Inflation soars to 21-month high

30 Nov 21 20:49:29 +0500

Inflation soars to 21-month high

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Italian diplomat impressed by women’s handicrafts

29 Nov 21 04:40:15 +0500

Ambassador and his wife applaud the arts and handicrafts of the women of Pakistan

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Saudi Fund for Development, SBP sign agreement for $3b deposit

29 Nov 21 11:35:39 +0500

Deal will pave way for receipt of financial assistance

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Oil rebounds to $76 on speculation Omicron-related drop overdone

29 Nov 21 12:40:15 +0500

Fridays slide reflected fears that travel bans would hammer fuel demand

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Market watch: KSE-100 skyrockets past 45,000 point barrier

29 Nov 21 13:41:02 +0500

Benchmark index soars 1,215.89 points to settle at 45,330.05

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New curbs on real estate dealings

29 Nov 21 20:07:15 +0500

Govt bars development authorities from doing business with unregistered agents

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Petroleum Division revises policy draft

29 Nov 21 20:09:10 +0500

Proposes restriction on dividend payment by refineries from reserve account

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Textile exports likely to achieve $20b target

29 Nov 21 20:00:31 +0500

Traders say exports bounced back owing to favourable policies, recovery in world markets

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Auto parts segment calls for reduction in duties

29 Nov 21 19:53:42 +0500

Regrets cumulative levy on import of auto parts amounts to almost 90%

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Rupee slides to new low as deficit widens

29 Nov 21 20:10:15 +0500

Stands at Rs176.2 against dollar in inter-bank market

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Firms cautious on impact of Omicron variant

29 Nov 21 20:03:03 +0500

Industries awaiting details to determine how variant may affect operations, profits

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SBP responds to policy rate concerns

29 Nov 21 20:16:09 +0500

Insists its policy stance is geared towards price stability, economic growth

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Azakhel Port to be made functional

29 Nov 21 20:17:14 +0500

SCCI president presented agenda regarding facilitation of Pak-Afghan Transit Trade through Azakhel Dry Port

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Traders decry hike in interest rate

29 Nov 21 20:18:02 +0500

Highest policy rate in region in Pakistan at 8.75%

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Cabinet approves $4.2b Saudi loan package

28 Nov 21 04:17:18 +0500

Minister says much-need hard cash to help stabilise exchange rate

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Impact of competitive energy pricing reversal

28 Nov 21 18:21:24 +0500

Country cannot afford uncompetitive export-oriented sector as economy has begun to take off

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Analysing Pakistan’s trade challenge

28 Nov 21 18:21:25 +0500

Difficulties on country’s external front continue to mount

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Pros and cons of SBP autonomy

28 Nov 21 18:21:28 +0500

Besides managing inflation, central bank must generate growth, employment

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Red Friday for global stock markets

28 Nov 21 18:21:29 +0500

Before Omicron variant rattled markets, investors were looking at Covid in rear-view mirror

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Era of ‘shortage economy’

28 Nov 21 18:21:31 +0500

Time is ripe to think about building strategic reserves of energy and food

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Govt hints at reducing petroleum prices

27 Nov 21 13:21:45 +0500

Full impact of this decline will be realised on Dec 15 pricing, says finance ministry spokesperson

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Refineries warn of lower oil output

27 Nov 21 20:30:15 +0500

Say power sector’s reluctance to lift furnace oil will lead to reduction in petrol, diesel output

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IMF actions to result in double-digit inflation

27 Nov 21 20:33:30 +0500

Ex-SBP chief says instead of focusing on revenues, country needs to rationalise expenditures

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Traders laud reversal of property tax hike

27 Nov 21 20:34:40 +0500

Term it proof of government’s business friendly approach

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Lack of skilled workforce hindering exports

27 Nov 21 20:32:22 +0500

Industry seeks govt support to identify areas in need of trained, skilled manpower

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SSGC stops gas supply to captive plants

27 Nov 21 20:26:42 +0500

Govt directs company to divert gas to residential areas in Sindh and Balochistan

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E-commerce a goldmine for women

27 Nov 21 20:18:53 +0500

Online platform founder says digital channels unlocking opportunities for women

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Heavy selling at PSX on weak cues

27 Nov 21 20:25:04 +0500

Panic over IMF’s strict conditions forces players to offload stockholdings

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Bank customers report deposit deduction

27 Nov 21 20:24:05 +0500

Bank clarifies it has fixed technical glitch that credited accounts twice

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US trade chief to keep pushing for WTO reform

27 Nov 21 20:23:06 +0500

Delay of meeting in Geneva, concerns over Omicron variant complicate plans

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Covid-19 fears reappear as threat to equity markets

27 Nov 21 20:21:48 +0500

Longer term implications of new variant for US assets unclear

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LATAM Airlines to exit US bankruptcy

27 Nov 21 20:36:13 +0500

Laid off thousands of workers

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Bank deposits fall Rs485b in Oct

26 Nov 21 03:16:13 +0500

Financial institutions cut deposits to avoid additional tax payment

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No curbs on gas supply to exporters

26 Nov 21 03:16:17 +0500

CCOE makes decision while reviewing gas load management plan

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‘No sugar shortage in country’

26 Nov 21 03:16:20 +0500

PSMA says sugar mills not running at full capacity

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PC board fails to decide on HEC sale price

26 Nov 21 03:16:24 +0500

Recommends government to shelve SME Bank privatisation plan

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SBP reserves fall $691m to $16.3b

26 Nov 21 03:16:26 +0500

Decrease comes on back of external debt repayment

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Market Watch: Foreign selling drags KSE-100 below 44,000

26 Nov 21 04:13:25 +0500

Benchmark index sheds 427.95 points to settle at 43,935.75

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Rice export has huge scope

26 Nov 21 04:11:26 +0500

Paddy shipments to Beijing may rise as agri-cooperation deepens

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Global firms keen to invest in Pakistan

26 Nov 21 04:11:30 +0500

Alvi for producing skilled human resources to cater to investor needs

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Pakistan, Russia aim to promote trade

26 Nov 21 04:11:32 +0500

Deliberate on niche for companies seeking to enter Russian market

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Rupee strengthens against dollar

26 Nov 21 03:16:28 +0500

On Nov 12 Pakistani currency touched all-time low of Rs175.73

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Malaysia eager to boost trade ties with Pakistan

26 Nov 21 04:13:27 +0500

Envoy proposes more cooperation between SME sectors

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Tarin says no new taxes, exemptions will be withdrawn in mini budget

26 Nov 21 06:44:02 +0500

We will not allow the IMF to impose more taxes on people, says Tarin

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PTA reduces Mobile Termination Rate from Re0.70 to Re0.50

26 Nov 21 12:58:54 +0500

Telecommunication authority says rates will be further reduced to Re0.40 per minute from July 1 next year

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Oil dives to two-month low on Covid, surplus jitters

26 Nov 21 15:55:54 +0500

Market in panic on fears new virus variant can dampen economic growth, fuel demand

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Bitcoin tumbles as coronavirus variant shakes markets

26 Nov 21 16:21:18 +0500

Cryptocurrency on track for biggest one-day drop since September 20

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Market watch: Stocks snap losing streak on positive news flow

26 Nov 21 16:57:18 +0500

Benchmark KSE-100 index adds 178.41 points to settle at 44,114.16

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PTA reduces Mobile Termination Rate by 28.5%

26 Nov 21 12:58:54 +0500

Telecommunication authority says rates will be further reduced to 40 paisas per minute from July 1 next year

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Auto sector growth linked to ‘Make in Pakistan’

26 Nov 21 20:25:34 +0500

Company CEO cherishes increase in auto parts localisation in country

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Pakistan loses $1.6b on low exports

26 Nov 21 20:22:49 +0500

Import restrictions not a solution to external sector challenges, says ministry

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FTO for issuing licence to oil marketing firm

26 Nov 21 20:21:15 +0500

Points out delay can cause loss of billions in taxes and duties

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Sindh asked to go after hoarders

26 Nov 21 20:08:43 +0500

Meeting reviews urea supply to farmers, action taken against profiteers

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Tarin seeks investment in vital sectors

26 Nov 21 20:27:02 +0500

Says rationalisation of tax incentives will lead to increase in investment

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Sensitive Price Indicator falls 0.67%

26 Nov 21 20:20:03 +0500

Rupee weakened against the US dollar at Rs175.46 in the inter-bank market

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Pakistani jewellery gaining foothold in China

26 Nov 21 20:18:56 +0500

Exports of precious and semi-precious stones to Beijing soar

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Indonesia to form joint ventures in Pakistan

26 Nov 21 20:29:13 +0500

Envoy says Jakarta helping Pakistan in cultivation of palm seeds

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SBP projects up to 5% economic growth despite challenges

25 Nov 21 03:44:06 +0500

Warns of elevated import payments, increase in utility tariffs in Annual Report 2020-21

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SBP projects up to 5% economic growth despite challenges

25 Nov 21 03:44:06 +0500

Warns of elevated import payments, increase in utility tariffs in Annual Report 2020-21

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‘Exceptional basis’ for Wagah transit of Afghan wheat

25 Nov 21 04:40:55 +0500

FO says India formally notified of land route facility

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Oil steady, focus on OPEC+ response to US-led oil release

25 Nov 21 13:11:48 +0500

OPEC expects US release to swell surplus in oil markets by 1.1 million bpd

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Market watch: Profit taking drags KSE-100 below 44,000 points

25 Nov 21 14:28:05 +0500

Benchmark index sheds 427.95 points to settle at 43,935.75

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‘Explore ways to make overseas Pakistanis VIPs’, PM tells economic team

25 Nov 21 14:05:29 +0500

Premier Imran says expats remittances are only a short-term solution to reduce pressure on current account deficit

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Foreign exchange: SBP reserves fall $691m to $16.3b

25 Nov 21 15:55:58 +0500

Decrease comes on back of external debt repayment

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Petroleum dealers call off nationwide strike

25 Nov 21 17:50:23 +0500

Information Minister Fawad Chaudhry confirms the development in a tweet

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Petroleum dealers call off nationwide strike after successful ‘deal with govt’

25 Nov 21 17:50:23 +0500

Information Minister Fawad Chaudhry confirms the development in a tweet

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Pakistan, Russia to further enhance economic, trade ties

25 Nov 21 17:09:54 +0500

Two sides discuss niches for Pakistani companies seeking to enter Russian market

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CCP inquiry into ghee and edible oil prices to resume

24 Nov 21 04:34:30 +0500

Supreme Court’s decision to suspend IHC’s halt of the inquiry prompted the resumption

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Enhancing economic activity a priority: PM

24 Nov 21 05:31:04 +0500

Imran says govt focusing on increasing investments in the export industry

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Stable exchange rate linked to low inflation, says Tarin

24 Nov 21 08:33:20 +0500

Finance adviser says govt to table mini budget next week

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Enhancing economic activity a priority: PM

24 Nov 21 05:31:04 +0500

Imran says govt focusing on increasing investments in the export industry

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Oil steady as investors question reserve release

24 Nov 21 13:51:04 +0500

US to release millions of barrels of oil from strategic reserves in coordination with China, others

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Market watch: Bearish spell persists as KSE-100 drops 585 points

24 Nov 21 15:44:22 +0500

With Rs2.1b foreign selling, benchmark index settles at 44,363.70

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Pakistan’s debt, liabilities cross Rs50tr

24 Nov 21 20:07:51 +0500

Burden increased by Rs20.7 trillion in past 39 months

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ECNEC approves Rs300b worth of projects

24 Nov 21 20:10:10 +0500

Fails to reach consensus on Thal canal scheme due to Sindh’s opposition

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Digitalisation to boost economy

24 Nov 21 19:40:37 +0500

Report says country can add Rs9.7tr to annual economic value by 2030

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PM aide decries premium on car sales

24 Nov 21 20:11:24 +0500

Says automakers collecting up to Rs800,000 extra on immediate delivery of vehicles

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Public confidence in economy wanes

24 Nov 21 20:04:08 +0500

Survey reveals 87% of respondents think economy heading in wrong direction

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Rupee weakens against dollar

24 Nov 21 20:14:15 +0500

Foreign currency stood higher compared to its supply in the wake of increase in import payments

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China not committed to oil release strategy

24 Nov 21 20:06:36 +0500

OPEC unlikely to change tactics in light of US action

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Economists cut Canada’s growth forecasts

24 Nov 21 20:05:19 +0500

Porter halved his fourth quarter growth estimate to 3% from a year earlier

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Nepra moved for power tariff hike

23 Nov 21 05:05:11 +0500

CPPA asks Nepra to increase the electricity price by Rs4.75 per unit

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Market watch: KSE-100 extends losses, falls below 45,000 points

23 Nov 21 15:39:40 +0500

Benchmark index plunges 796.48 points to settle at 44,948.52

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Ring Road project gets another life

23 Nov 21 20:22:30 +0500

CDWP recommends additional projects worth Rs37.1b to ECNEC for consideration

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IMF rejects borrowing request

23 Nov 21 20:27:43 +0500

Doesn’t allow Pakistan to keep doors open for taking loans from central bank

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Commercial bank lending rate spikes

23 Nov 21 20:30:45 +0500

Agreement with IMF on strict terms is feared to hammer stock market

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OMCs buy furnace oil in face of gas shortage

23 Nov 21 20:28:56 +0500

Importing 223,000 tons of oil that can be used for power production

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PM aide unhappy with health tax delay

23 Nov 21 20:23:55 +0500

ECC puts off decision on proposal of imposing tax on tobacco, beverages

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First phase of PSW to be completed in March 2022

23 Nov 21 20:31:44 +0500

Tarin satisfied over progress on implementation of initiative

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‘Agriculture sector vital for growth’

23 Nov 21 20:25:50 +0500

Food minister says appropriate policies are being implemented to achieve desired outcomes

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US challenges OPEC+ with coordinated release of oil

23 Nov 21 20:26:49 +0500

Crude prices recently touched seven-year highs

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Programme to lift people’s living standards

23 Nov 21 20:24:59 +0500

Detailed presentation was given to the adviser on the progress of KPP

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Indonesia looks to boost e-commerce with Pakistan

22 Nov 21 04:52:39 +0500

Envoy says Jakarta has set a $50b e-commerce trade target by 2025

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Pakistan, IMF agree on measures to revive stalled programme

22 Nov 21 05:24:25 +0500

Pakistan will be required to introduce a mini-budget to meet another condition on achieving primary surplus

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Petroleum prices likely to go up again as govt increases PDL

22 Nov 21 13:28:02 +0500

Finance adviser says as part of agreement with IMF, govt will increase taxes worth Rs365b on fuel

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Market watch: KSE-100 nosedives despite IMF’s loan approval

22 Nov 21 14:18:00 +0500

Benchmark KSE-100 index sheds 744.41 points to settle at 45,745

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Foreign loans swell 18% in Jul-Oct

22 Nov 21 20:36:49 +0500

Three-fourths of $3.8b borrowing made for budgetary support, oil purchase

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Action sought against urea hoarders

22 Nov 21 20:33:19 +0500

Dealers have allegedly hoarded 0.45m tonnes of fertiliser

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Govt forms subcommittee on privatisation

22 Nov 21 20:40:18 +0500

CCOP discusses arranging Rs104b in loans before privatisation of two LNG power plants

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