Business

Benchmark index loses 168.46 points to settle at 43,807.23

Central bank gives no reason for decrease

CCOE seeks feasibility study as reserves critical for dealing with oil shortages

Says pre-feasibility study on underground gas storages will take a year

Says govt is prioritising upgradation of agriculture sector

Allows them to invest in government securities

Rule changes to promote access to finance for low-cost housing

Will also analyse electricity pricing, submit report to Senate panel

The rupee fell further as demand for the dollar stood high compared to its supply

Railway project will be constructed with investment of Rs201.5 billion

Rise comes as market expects hike in policy rate

Benchmark KSE-100 index adds 255.87 points to settle at 43,975.69

Fed is expected to hike rates for first time in three years

CEO says national infrastructure projects can be financed with bourse’s help

Officials say B2B tie-up, online payment systems will produce new exporters

Higher import expectations driving currency’s decline

EU member Ireland has played a role in policing the bloc’s strict General Data Protection Regulations

Both benchmarks fall below $100 per barrel

Chip production being prioritised in Europe owing to pandemic-driven disruption

Envoy says mega project benefited Pakistanis through job creation, improved livelihoods

Highlights importance of regenerative agriculture to boost per acre yield

WTI crude drops to $95-96 on hopes of early resolution of Russia-Ukraine conflict

Funds will be utilised for payment of price differential claims to oil firms

Benchmark KSE-100 index gains 352.93 points to settle at 43,719.82

Talks between the countries over yuan-priced oil contracts have accelerated this year, reports WSJ

Brent has lost almost $40 since it hit 14-year high value on March 7

Both have surged since Russia’s February 24 invasion of Ukraine

Govt will bear this burden for keeping petroleum prices unchanged for a fortnight

Moscow is world’s largest wheat exporter with Egypt, Turkey among main buyers

Minister invites businessmen to set up units in industrial estates

“Overseas Pakistan are the ambassadors of the country and pride of Pakistan,” he said

Relief includes temporary reduction of petrol and diesel taxes

Official hopes development fund utilisation will cross Rs550b this fiscal year

Companies resorted to price fixing by entering into arrangements with dealers

Over 2.5m people in four provinces, particularly Balochistan, will get such services

Market reacts to fuel price subsidy, amnesty for industrialists

Companies had entered into resale price maintenance arrangements with dealers

Benchmark index sheds 286.44 points to settle at 43,366.89

Both benchmarks are up roughly 40% in 2022 to date

If markets don’t follow SBP’s signals, then impact of monetary policy will be diluted

Lion’s share of $300tr global capital stock should go towards serving society, environment

It is aimed at facilitating new customers who fall in low-risk category

Affordable low octane fuel can be introduced for poor motorcycle and old car users

Incentives should be restricted to exporting industries to curtail trade deficit

Economy faces its deepest crisis since 1991 collapse of the Soviet Union

Country approaching IMF for bailout

No-confidence motion, jump in global energy prices drive bearish trading

Volatility has been the norm in commodities over last few weeks

Between 45-54% of world’s semiconductor-grade neon comes from two Kiev companies

Both sides share similar climate, wheat variety characteristics