Business

Only 2.3% of targeted loans under Kamyab Pakistan could be disbursed in two months

Benchmark KSE-100 index rises 127.99 points to settle at 45,083.04

Decrease comes on back of external debt, other payments

Russia, West have been at loggerheads over Ukraine, fanning fears of disruption of energy supplies to Europe

Penalty comes as company failed to meet service quality standards

Committee will propose incentives, oversee spectrum auction process

On December 29, 2021 the rupee hit an all-time low of Rs178.24 against the greenback

Say unable to meet commitments to ongoing projects; boycott new tenders

Judgement likely to cheer big tech firms which are being targeted by EU

Washington denounces decision, terms it deeply disappointing

Will help small units to apply for bank loans under concessionary credit schemes

Chairman says it will give new direction to country’s economy

Govt raises higher amount of debt against auction target

Imam says benefits of research should reach farmers

Govt borrowing rises 78% to finance budget deficit, build forex reserves

Benchmark index rises 67.28 points to settle at 44,955.05

Cites company failed to meet quality of service standards mentioned in licence

Anxiety over potential supply disruptions in Middle East also provides bullish fodder for market

On December 29, 2021 rupee hit an all-time low of Rs178.24 against the greenback

US Commerce Department to engage industry on node-specific problem solving

IMF says rising inflation, spike in Covid cases cloud region’s outlook

Earnings decline to Rs445.9m due to rise in distribution cost, other expenses

Says govt working to promote industrial sector of country

China becomes Pakistan’s largest export destination for aquatic products

Surge comes as tax exemption on import of panels, equipment withdrawn

Says advertisements favour some predetermined candidates for key positions

Industry calls move counterproductive to govt’s goal of digitalisation

It comes amid warnings scheme carries high risks, is not financially viable

Finance ministry says debt burden is Rs11.8tr higher than legally allowed limit

Per-acre yield and area to be enhanced, South Punjab Agriculture Secretary Saqib Ali Ateel assures farmers.

Benchmark KSE-100 index drops 36.14 points to settle at 44,887.77

The rupee had been on the downtrend since hitting 22-month high of Rs152.27 in May 2021

Rise comes on account of dip in exploration cost, expansion in sales

Fears of Russian attack pummel shares across world, bolster dollar and oil

Hurdles can restrain textile sector from meeting export target

Pakistani products receive 2.3m views, 12,000 orders during China’s Shopping Festival

Signals no further increase in rate as balance between inflation, growth achieved

Approved price is nearly 8% less than that recommended by food security ministry

Developing electronic prize bonds which can be bought through online channels

Cabinet members call advertisement flawed and tailor-made, suggest publication of new ad

Benchmark KSE-100 index declines 94.37 points to settle at 44,923.91

Tight supplies, higher geopolitical risks in Europe, Middle East prop up prices

Fears of conflict pummelled shares across the world while bolstering the dollar and oil

Decision largely in line with market expectations

Finance minister’s claim new measures will only affect the affluent contrary to facts

Smartest way to reduce economic vulnerability is to displace $15-16b of annual energy imports

Euro zone inflation hit 5% in December, more than twice ECB’s target

Pakistan has very low export-to-GDP value at par with sub-Saharan Africa

Renewable energy needs 4-6 times more copper than fossil energy

US treasury secretary says it focuses on improving infrastructure