Business

Food minister stresses need to adopt evidence-based approach for policy-making

Directs banks to offer online portals for digital payments, receipts by corporates

Workers had demanded Rs30,000 a month

Benchmark index gains 487.85 points to settle at 44,821.53

Strong stock markets on both sides of the Atlantic also gave a boost to prices

Central bank gives no reason for the drop

Says it will help Pakistan to enhance exports to the bloc

Says growth is not stagnant, Pakistan’s economy will expand by over 5% in FY22

Chief Minister’s Investment Cell set up to facilitate investors, remove hurdles

KSE-100 soars over 1,100 points with support also coming from global markets

Aims to ensure technology transfer, create jobs in technology zones

Say their surplus capacity can cater to demand from large development projects

Minister says 58 projects, funded by lender, are under implementation

Spike comes due to uptrend in global commodity prices, rupee depreciation

KSE-100 index soars over 1,100 points with more support coming from rising global markets

Central bank gives no reason for the drop

Top oil producer Saudi Arabia dismisses calls for additional OPEC+ supply

Discussed prospects of investment, expanding industry, logistics, trade, and businesses in northwestern province

IMF, however, is sceptical about sustainability of tax revenues

Closes at new low of Rs171.13 to a dollar due to speculation over IMF negotiations

Emphasises gas subsidy should be linked with value addition by textile mills

Surge to come on back of rising raw material costs, higher freight charges

Govt withdrew the incentive in March 2021 under IMF loan programme

Repayment will temporarily hit largely debt-based foreign exchange reserves

Suppliers unable to keep up with sudden surge in demand as economies reopen

Energy prices surge as economies bounce back from effects of pandemic

Minister announces bidding for offshore licence will be held in a few months

Benchmark index falls 661.3 points to settle at 43,221.78

IMF cut growth outlook for US, other major economies on worries of supply chain disruptions

Capacity of planned projects soared to 111m tonnes a year as of Sept 2021

Money to be spent on cleaner energy to achieve carbon neutrality goal by 2050

Authorities from Beijing to Delhi scrambled to fill a yawning power supply gap on Tuesday

It is not interesting, it is niche; that is how big the numbers are,” Carney said

Expert calls for extending social protection to informal workers

Consumers to pay more as average spot price goes up in global market

Say it will adversely impact ease of doing business

Govt support will help increase investment, create large number of jobs

Vehicle demand rises due to lower financing cost

Drop comes in wake of global commodity price hike that lifts demand for dollar

Benchmark index edges up 53.73 points to settle at 43,883.08

OPEC+ decides to stick to plans to restore output gradually rather than boost supply quickly

Withdraws instructions to bar taxmen from taking money without prior intimation to account holders

The rupee has maintained its downturn since hitting 22-month high of Rs152.27 in May 2021

Decision deferred due to disagreement over quantum of subsidies on gas, electricity

Calls for ensuring data security, one-window operations

Directs authorities to focus on attracting Chinese investors to SEZs

Move aimed at promoting investment by firms in renewable energy solutions

Growing concerns wiped off 17% market capitalisation in past four months

Alico of US will receive proceeds of sale of its shares in Pakistan

Envoy suggests Pakistan should do branding of its products, export directly