Business

Much-needed lending to help stabilise exchange rate

New finance minister supports low interest rate drive

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

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

Central bank cites no reason behind the decrease

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

Mammoth import bill for Nov drags currency to new historic low

Demands price increase on account of fuel cost adjustment

Meeting fails to make policy decision, though Nov imports soar to record $7.8b

Hopes it will not slow down growth significantly

SAPM says it will enhance capabilities of e-commerce stakeholders

Say industry is yet to benefit from this incentive

CCOE also issues directives for facilitating private sector in LNG import

Debt challenges are pressing and the need for action is urgent, says IMF chief Kristalina Georgieva

Central bank cites no reason behind the decrease

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

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

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

Oil prices were also weighed down by a new coronavirus variant

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

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

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

Pakistani currency touched an all-time low of Rs176.2

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

Says gas cost surged due to expensive oil, rupee depreciation

Despite imports, power producers reluctant to procure furnace oil

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

Traders fear it will dent business, economic activities

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

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

NEPRA reserves decision on fuel cost adjustment for Oct 2021

Say absence of HSFO demand forcing them to shut down plants

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

Inflation soars to 21-month high

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

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

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

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

Govt bars development authorities from doing business with unregistered agents

Highest policy rate in region in Pakistan at 8.75%

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

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

Aims to cut power tariff, reduce fuel imports and save forex reserves

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

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

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

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

Proposes restriction on dividend payment by refineries from reserve account

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

Friday's slide reflected fears that travel bans would hammer fuel demand