Business

Both benchmarks were on track for their first monthly loss

OGDC, Mari, PPL, GHPL awarded offshore E&P block

Book building oversubscribed by 1.64 times

Allows utilisation of $10m of hotel pensioners to clear liabilities

Turnaround came due to cut in interest rate, economic recovery

Asian markets reversed losses as hopes for more China stimulus grew

Builders demand strict govt action to control rising prices

Benchmark index crawls up 54.04 points to settle at 47,419.74

Prices remained under pressure from concerns over power outages and flooding in US state

Government adds Rs15tr to debt in three years, according to central bank data

Also decide to search for new avenues of trade

Forms committee to look into non-procurement of sugar, scrapping of tenders

Proposes the monitoring of production units of cigarette firms with track and trace system

Both sides have longstanding disagreement on grain import quotas

Employers’ body says govt officials overlooked continuous violation of labour laws

Minister says it will improve energy mix by enhancing share of clean energy

Ratings agency sees country’s economy progressing, implementation of economic reforms

OIC has collective population of over 1.5 billion people and a GDP of over $4.5 trillion

Closes at Rs165.96 in the inter-bank market

Summary for reduction in petroleum products’ prices sent to energy ministry, say sources

Benchmark KSE-100 index climbs 0.49% to settle at 47,365.70

Brent has rallied 40% this year, supported by OPEC+ supply cuts, partial demand recovery

Technology adoption will help country to innovate, improve export capacity

Pakistan needs $4-6b in FDI per year to see miraculous impact on growth

ECC’s role in granting permissions for import, export of sugar should be discontinued

Personal data protection has become all the more important following recent cyberattacks

Despite promise, heroes of programme have not yet been recognised, rewarded

Post celebrity backlash on LSA nominations, Rizvi subtly reminds actors why they shouldn't take snubs personally.

Factories, restaurants and supermarkets seek government help ahead of Christmas

Company faces circular debt issue due to inability of clients to pay bills timely

Bank borrowing from SBP, inter-bank channels shoots 43.6% to Rs4.26tr in FY21

US Fed chairman soothes fears over tapering timetable

Firms seek relief to ease post-Brexit truck driver shortage

Says plan to get facility extended further, also held talks with PM

Official reiterates commitment to extend financial aid in priority areas

Monthly economic report predicts imports to clock-in at $5.5b in August

Benchmark index dives 463 points due to lack of positive triggers

Authority will present recommendations to govt for expeditious growth of the sector.

Official says demand for organic food is rising with each passing day.

Dawood says ‘Made in Pakistan’ philosophy is only way forward

Pakistan, Qatar to strengthen ties

SPI increases 0.22%

Rupee strengthens against dollar

SBP MD regrets Pakistan’s solar energy potential not fully tapped

More consumers turn to borrowing in wake of hefty interest rate cut

Net revenue in Jan-Jun 2021 almost halves as airline halts flights on major routes

New chairman reveals his core squad to achieve Rs5.8 trillion revenue target

Increase comes on back of rise in other income, dip in other operating expenses

Says it will help address issues of periodic margins and investment in infrastructure

Fed chief Powell said US economy continued to recover despite impact of Covid-19