Business

Goldman Sachs says release of reserves only poses $3 downside risk to Brent crude price

US crude inventories rose by 2.3 million barrels last week

Hopes it will boost transparency in foreign currency transactions by exchange companies

Chairman suggests instead of shutting down, power plants should be rehabilitated

Sharp increase in trade deficit drives decline in currency

Local market takes cue from surge in international commodity prices

To cope with this situation, Pakistan can slash fuel imports during winter

Urge govt to reduce reliance on loans, frame comprehensive strategy

Sees potential for development of capital market ecosystem in province

Urges chief secretaries of two provinces to initiate daily release of wheat

Minister stresses need for testing modern methodologies on smaller scale first

According to Chainalysis 2021 Global Crypto Adoption Index, Pakistan is ranked third in terms of crypto adoption

Benchmark index drops 0.66% to settle at 44,373.23

Price surge underpinned by OPEC+ refusal to boost output faster

Company chairman met PM Khan to discuss cooperation and prospects of joint ventures

Says global economy bouncing back but pandemic limits recovery

Cotton arrivals in markets soar 100% to 3.8m bales

Rome making efforts to bring trade commissioner from Dubai to Pakistan

Two sides discussed possibilities of cooperation in post-Covid era

Waives transaction fee on corporate action, cuts tariffs for mutual funds

Will float T-bills and PIBs to raise funds to pay off maturing debt

Recommends terminating services of officials who made unjust tax demands

Benchmark KSE-100 index sheds 377.93 points to settle at 44,666.57

Rise in crude prices has added to inflationary pressures for crude-consuming nations

Trade gap widens to $11.7b in Jul-Sept 2021 due to surge in imports

Say accelerated recovery from coronavirus crisis is under way

Benchmark index gains 172.8 points to settle at 45,044.5

Minister highlighted initiatives of govt to enhance share of renewable energy in Pakistan, targeted at 45% by 2030

Traders say currency depreciation has increased cost of doing business, inflation

Pledges to exclude some Chinese imports from US tariffs

Benchmark index gains 172.8 points to settle at 45,044.5

Surging coal rates, increase in energy tariffs and oil prices perturb industry

President Alvi says provision of skills by universities will help create jobs

National exchequer suffers losses following indecision, delay in sweetener import

Rates can go up further in wake of increase in steel cost

Dollar demand stays high due to widening import payments, rising commodity prices

For any lawyer with a conscience, defending the guilty is a morally uncomfortable dilemma that weighs heavily

Group of oil producers likely to stick to its existing agreement to produce additional 400,000 bpd in Nov

Learn how to send and receive faxes online without a Fax machine!

Growing economy in presence of structural weaknesses a challenge for policymakers

It may be reasonable to utilise Thar area for producing 10,000MW of solar power

In absence of concrete policy blueprint, tech zones will become realty project

Successful project execution requires enabling political, legal and economic environment

Subsidy policy revision, technological solutions can address inefficiencies in power sector

Hack took place between March and May 20 of this year

The company ended work on its Plex project

Winning bid values the company at about £7 billion or $9.5 billion

Improves stance on back of higher oil prices, fiscal reform plans

Minister says supply chain bottleneck is in Southeast Asia, especially Malaysia

ICCI chief says lack of modern technology, machinery hindering exports of sector