Business

US, China grapple with rapidly spreading outbreaks of highly contagious Covid variant

Chip stocks at ‘historic low’

Rupee weakens against dollar

Heavy rains, closure of industries for Eid holidays push down demand in July

Consortium of Chinese state-owned firms shows interest to invest in Pakistan

Auto parts makers say any foreign entry to be welcomed as long as it promotes localisation

Envoy cites food processing, auto as potential sectors for investment

Takes notice of delay in implementation of court orders by SNGPL regional offices

Power utility seeks tariff hike of Rs6.52 per unit

Inflows will help country to combat challenges arising from Covid-19

Emphasises that the government was committed to facilitating the poor farmers

PSO informs regulator it has already cancelled tender

Decides to deny 60% refund claims to retailers resisting integration with tax system

Benchmark index advances 0.64% to settle at 47,758.32

Brent crude has risen more than 40% since the beginning of the year

Committee members say price reduction not in line with tax relief availed

Association seeks exemption from duties and taxes

Increase comes on back of growth in automobiles on roads

Regulator allows increase in tariff for SNGPL, SSGC consumers

High tariff being charged to pay interest on debt, repay loan

Rupee depreciation, opening of economies in West helped improve exports

Investment decision would likely be worth well over £1 billion

Dip in inter-bank market due to increase in demand for US dollar

Tarin says move will ensure timely availability of basic commodities

Uber has been moving to expand into goods and meal delivery to reduce dependence on rides

It rose by 3.1% in July, a 13-year high, compared with 2.1% in June

Falls to lowest level in nine months despite hike in prices of household items

Benchmark KSE-100 index advances 0.85% to settle at 47,453.25

Output from OPEC rose in July to its highest since April 2020

Dip in interbank partly due to increase in domestic demand for foreign currency

Positive aspect of NEP is inclusion of security of supply and indigenisation

People of region need to be given opportunities to play constructive role in creative industries

Bond markets offer avenue for financing budget deficit in noninflationary way

Outages signal fragile supply chain, though generation capacity stands at 38,719MW

For meeting SDGs, the sector can be facilitated via institutional platforms

Meets Sarhad Chamber delegation to discuss hurdles facing traders

Reliance on short-term borrowing rising since last three successive months

Criticise central bank for maintaining policy rate at 7% despite fall in inflation level

Besides CPEC, steering committee will also work in areas critical for bilateral ties

Investors remain cautious and continue to weigh impact of fourth wave on economy

Official suggests measures such as application of laser land levelling, promotion of seeds

Growth comes on back of massive tax collection at import stage

Shehbaz says report validates opposition’s claim of alleged embezzlement in procurement of LNG

Rupee weakens against dollar

During week, average prices of 23 items rose in selected basket of goods

Says region provides opportunity for expanding trade, economic ties

Envoy to Ethiopia underscores need for focusing on marketing of Pakistani goods

Move will lead to increase in production, less reliance on imports

Overseas Pakistanis to roll out first vehicle in three to four months

Spike comes in wake of surge in sales, decline in finance cost