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Market watch: Political pressure takes toll on PSX
Benchmark KSE-100 index falls 200.29 points to settle at 43,653.33
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Govt to tax Chinese petrol import
FBR prepares summary seeking imposition of 10% regulatory duty
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Oil prices slide in volatile session
Market takes cue from easing of sanctions on Venezuelan oil
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SBP for including excluded segments in banking
Says everyone should enjoy fair, equal access to financial services
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Traders sound alarm on rising imports
Call for immediate measures in view of rising trade deficit
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February remittances reach $2.2b
Growth stands low at 2% month-on-month following lifting of global restrictions
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Automobile sales rise by 32% in Feb
Expert says growth led by vehicles below 1,000cc engine capacity
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SBP reserves fall $250m to $16.21 billion
Decrease comes on back of external debt, other payments
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Experts positive about foreign handsets registration
Press govt to turn it into long-term solution to facilitate overseas Pakistanis
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DG LNG resigns, citing unfavourable environment
Blames arrogance of top bureaucrats, inhuman treatment of subordinates
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Rupee stays unchanged vs dollar
Rupee stayed unchanged against the US dollar at Rs178.63
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Incentives sought for SMEs
Bank advances to small businesses rose to Rs524 billion
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Post MPS blues
Higher interest rates might raise dreaded spectre of stagflation
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Budget deficit to touch record Rs4.3tr
Gap is widening despite reduction of Rs200b in federal development budget
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Pakistan, China may renegotiate FTA benefits
Islamabad wants more concessions exclusive to its products
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BMW recalls 917,000 US cars
BMW’s previous recalls in 2017 and 2019 which involved 740,000 and 184,000 US vehicles
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Oil plunges 17% as UAE, Iraq plan to boost output
Analyst says both countries can bring 800,000 barrels to market quickly
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Halal meat export to Tashkent begins
Containers carrying meat from Pakistan return with cotton
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Pakistan on IT bandwagon
Alvi calls for enhancing quality human resources in IT industry
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Consistency of IT policies key to attracting FDI
Tech firm emphasises need for long-term policy to attract investment, create jobs
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Rupee falls to new all-time low
The rupee had been on the downtrend since hitting 22-month high of Rs152.27 in May 2021
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Smuggling of urea threatens food security
Farmers fear commodity shortage will dent agriculture production
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Mortality rate from lumpy skin disease 1-5%, NA body told
Committee gives directives for creating awareness of disease among farmers
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Fly Jinnah airline unveils brand identity
Inspired by the logo and the brand ethos, Fly Jinnah’s aircraft livery reflects a modern airline that is aspiring
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Market watch: Stocks turn bullish over policy rate clarity
Benchmark KSE-100 index rises 164.61 points to settle at 43,042.96
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Oil falls towards $125 as investors weigh US import ban
Brent hit $139 earlier during the week, its highest since 2008
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Tech firm delays PSX listing
Postpones IPO due to volatility in international commodity, equity markets
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PM should have avoided public EU bash: Tarin
Minister hopes IMF will not have objections over Rs246b relief package
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Budget deficit to surpass IMF’s target
Fund may ask govt to cut expenditures or take revenue measures
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Carmakers face soaring metal costs
While metals have not been the target of western sanctions yet
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Sri Lanka devalues rupee
Sri Lanka’s foreign reserves fell to $2.36 billion at the end of January
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OPEC meets with US shale executives
It was at least the fourth time since 2017 that US shale oil producers and OPEC officials have held such meetings
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Packaging sector seeks industry status
Online businesses increase importance of corrugated cartons sector
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Lack of support from govt vexes AJK traders
Businessmen demand special incentives to recoup Covid-19 losses
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Russia to nationalise foreign factories
Proposes to buy units that halted operations in country
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LME cancels nickel trades after prices cross $100,000
Metal is crucial for making stainless steel, electric vehicle batteries
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SBP leaves interest rate unchanged
Central bank may hold next monetary policy meeting early to revise rate
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Rupee slips to new record low in inter-bank market
Oil price spike, looming wheat shortage heap pressure on currency
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Govt to keep 0.2m tonnes of urea inventory
Decision taken to import fertiliser to hedge against global supply disruptions
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Market watch: Stocks falter as political uncertainty deepens
Benchmark KSE-100 index drops 388.62 points to settle at 42,878.35
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Oil gains as spectre of sanctions on Russian oil spurs supply worry
Novak says prices could climb to over $300 per barrel if US, EU ban imports of oil from Moscow
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Monetary policy: SBP maintains status quo in interest rate at 9.75%
Decision largely in line with market expectations
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ECC approves Rs303b extra budget
It will cover cost of reduction in electricity and oil prices, Ramazan package
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Rupee near all-time low
The rupee had been on the downtrend
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Oil hits 14-year highs on Russia oil ban talk
Crude prices have spiked about 60% since start of 2022
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Envoy stresses need for enhancing trade with Niger
Offers support for exploring African market
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Global shares sink owing to supply chain fears
US, Europe exploring option of banning import of Russian oil
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Survey shows improvement in country’s business climate
Over 65% respondents keen to inject fresh investment
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Inflation, jobs continue to remain top concerns
Compared with a year ago, 12% more respondents are now worried about inflation
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Auto industry projects rapid growth
Digitalisation helps bring down age of earning