Business

Shares over-subscribed by eight times amid overwhelming response

Move will ease burden on growing current account deficit

Companies stay away due to higher price, stringent conditions

Drop comes on back of external debt repayments

Shipment will help build strategic reserves to stabilise prices of staple commodity

Finds authorities allowed undue tax credit to companies

Will take $2 billion

Total exports of Pakistan stand at $27.2 billion in 2020-21 compared to $21.5 billion in 2019-20

Pakistan Steel Mills has still to pay Rs2 billion to power utility

Benchmark KSE-100 index gains 0.49% to settle at 46,625.12

Drop comes on back of external debt repayments

13 currencies as it fell to a 13-month low against the US dollar

TruKKer currently operates a fleet of more than 35,000 trucks across its primary markets of Gulf economies

Move marks another step for US firm to claim top spot in booming industry

The government is using all its resources to lift exports

Indus Motor says hybrid EVs will be available in Pakistan by end of 2023

Bitcoin was at $46,024 in early European trading on Wednesday

The pace of disbursement under the Mera Pakistan Mera Ghar has also picked up

Smooth supply will help industry meet urea target for Rabi sowing season

German delegation will arrive next week to explore business opportunities

Cabinet approves hiring of Muhammad Amin for the position

Stakeholders propose power subsidy to attract investors to set up charging stations

Decision will come into effect on Dec 1; experts expect renewed interest in stocks

Financial institutions largely invest in government securities

Benchmark index loses 333.25 points to settle at 46,396.71

Both crude contracts rise more than $1 as Gulf producers struggle to restart operations

Decision to come into effect from December 1

IMF asked Pakistan to end state control of rupee and let currency move freely to find its equilibrium against dollar

Request PM to take steps to reduce production cost for value-added textile industry

Move aimed at helping enhance export volumes

Envoy says UAE will open visa centre in Lahore soon to facilitate investors

Survey findings reveal Pakistanis expect economy to remain weak in next six months

Govt pulls plug on digital wallet to cope with demand

RCCI stresses need for inking transit, preferential trade deals with CARs

Oil and gas deposits found in Khyber-Pakhtunkhwa well

New law will revamp trade dispute mechanism, address businessmen’s complaints

Benchmark index loses 188.56 points to settle at 46,729.96

Saudi Aramco cut October official selling prices for all its crude grades sold to Asia by at least $1 a barrel

Car executives battling lower production due to lack of semiconductors

Spanish envoy urges businessmen of both sides to develop strong liaison

Commerce ministry submitted summary seeking extension for one year

Terms industry-academia linkage crucial for country’s prosperity

Industry official says surge came on back of forthcoming Christmas season

Questions commerce ministry how its projections went off the mark by huge margin

Will pursue pragmatic cross-border cooperation to regulate overseas-listed companies

VW head says autonomous driving will change auto industry

Was seeking to purchase 737 MAX 10 jets worth tens of billions of dollars

IMF asked Pakistan to end state control of rupee and let currency move freely to find equilibrium

Continuous drop in share prices of listed companies increases chance of downgrade

Benchmark index loses 38.95 points to settle at 46,918.52