Business

Global vaccine rollout, brightening demand optimism boost prices

Global airlines body predicts industry losses of $47.7 billion in 2021

Tarin lauded the introduction of Roshan Digital Account

The accused were allegedly awarding licences without following due procedures

High commissioner appreciated the efforts of the Rawalpindi Chamber aimed at promoting trade activities

The rupee weakened against the US dollar at Rs153.24 in the inter-bank market

Move aimed at promoting IT industry in Balochistan

Directs NEPRA to complete ongoing projects in province at earliest

Inter-corporate debt currently stands at Rs2.3 trillion

Automated process will help in speedy clearance of containers at ports

It will make project financially viable and attractive for private parties

Payments to IPPs and idle plants due on account of rising capacity charges

Benchmark KSE-100 index sheds 93.24 points to close at 45,306.54

Further battering market, US crude oil and distillate stocks rose in week ended April 16

The rupee weakened against the US dollar at Rs152.98 in the inter-bank market

Dawood says Pakistan is only main exporter with increased apparel supply to America

Digital yuan targets China’s vast retail market of 1.4b people

Users will be able to buy bitcoin, ethereum, litecoin and bitcoin cash for as little as $1

Stakeholders claim retail segment is on verge of collapse

Primerica will acquire 80% of e-TeleQuote for $600 million

Govt likely to pass on losses in fuel transportation to consumers

Hopes flights boost will help turn around airline’s financial performance

Tarin says measures to be taken for effective resource mobilisation, enhancing productivity

Think tank warns borrowing will keep economy in state of low growth

Rising coronavirus cases in Asia limited gains

Benchmark index rises 486.21 points to close at 45,399.78

Microsoft Corporation will invest $1 billion over the next five years in Malaysia

Increased cooperation between Russia and Pakistan in LSM, railways and energy sectors was discussed

The rupee weakened against the US dollar at Rs152.93 in the inter-bank market

Central bank-backed digital currency will help tackle some challenges posed by cryptocurrencies

Looks to invest in start-up software companies that build apps using its technology

Initiative aimed at providing support for growth of REIT schemes

Envoy says Amman can learn from competency of Pakistan

Decline comes on back of exchange losses due to rupee appreciation against dollar

China largest foreign investor with injection of $126m, mainly in power sector

Official outlines enhancing revenue, ending quasi-fiscal operations as objectives

Decides to set up appellate tribunal to deal with disputes in oil and gas sector

Benchmark KSE-100 index drops 392.06 points to close at 44,913.57

Poor struggling with technology adoption due to lack of skills, resource constraints

Weaker dollar, which traded near a one-month low, kept a floor under oil prices

Some form of supervision of regulators is necessary but not by a ministry

Touted as backbone for economy, companies have added little value to their imports

ADB estimates $1.7tr a year is needed to bridge infrastructure gap in Asia

Virtual currency will expand banking network, help govt fight money laundering

Company chairman says civil works and delivery of equipment have been initiated

Fed study shows less than 200,000 businesses may have failed during first year of Covid-19

Classification system seeks to define durable economic activities and green finance

Farmers urge govt to focus on increasing export efficiency

Discuss difficulties being encountered while implementing reform interventions

Wheat, sugar, oil, gas remain major contributors to increase in March 2021