Business

Biden blames surge in oil, gas prices on refusal by OPEC nations to pump more crude

Saudi Arabia’s assistance to Pakistan driving sentiment in inter-bank market

Funding will go to areas like good governance, climate, energy and sustainable growth

Envoy says companies are focusing on Pakistan as investment destination

Envoy expects breakthrough in talks to be held in December

Ministry also seeks incentives for imports to end monopoly of existing companies

BOI official encourages investors to explore country’s housing sector

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

Says subsidy withdrawal will increase burden on households consuming 300 units

Say railway link will expedite cargo transportation to seaports, upcountry borders

Rise in fuel demand signals sharp recovery in economic activities

Benchmark index adds 138.14 points to settle at 47,112.92

Ahead of Thursday’s meeting, OPEC+ is under pressure to do more to cool market

Utility MD suggests frequent interaction with textile sector for addressing issues

Increase led by double-digit rise in prices of non-perishable food items

Announcement comes as world leaders began COP26 climate change summit in Glasgow

$3 billion cash deposit by Saudi Arabia in the State Bank helped the rupee

Minister stresses need to increase number of cyber security experts

Pakistan Railways CEO stresses it is impossible to operate with old fares

Will also introduce mobile app to address grievances on priority

Figure is highest-ever in history for the month of October

Govt has collected revenue worth Rs4.3tr via online banking since Mar 2018

Benchmark KSE-100 index surges 790.07 points to settle at 46,974.78

Analysts expect oil market to remain tight in near term

Local expertise is not being utilised while LNG imports are eating into forex reserves

To promote exports, country should have necessary exportable surplus

IPCC assessment report paints bleak picture of planet’s condition in 2050

Country has made voluntary commitment to halve projected emissions by 2030

In absence of innovative technologies, there is risk of high grid instability

State-owned bank says all transactions are functional and safe

session was organised as a follow-up of the dates promotion campaign of TDAP carried out last year

Dawood says extra incentives will be given on exports of non-traditional goods

Call to introduce new price control mechanism, reduce cost of doing business

SBP governor says new system defending rupee, containing current account deficit

Due to problems experienced in the Jade Trading Terminal

Amounts to Rs745b in three months, but risk of slippages remains

Investor optimism helps equity market make V-shaped recovery

FBR’s exceptional performance made case of mini-budget difficult

Tax collection in October surpassed its monthly target and it is all due to robust economic performance, says Imran

Average prices of 25 items rose in a selected basket of goods

On Oct 26 Pakistani currency closed at an all-time low of Rs175.27

BOI says two sides manage to sustain economic partnership despite pandemic

Government is now seeking to increase base energy tariff

Expert attributes strong earnings to surge in volumetric sales

Growth comes due to spike in sales and other income

Governor says IMF will soon announce resumption of $6b programme

Association says industries will shut down if fuel supply is not restored

Payment given for using $4.5 billion Chinese trade finance facility

Benchmark index rises 0.52% to settle at 46,184.71

Analyst says supply will continue to play catch-up with demand in immediate term