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DAP sales drop due to price hike
Offtake of other kinds of fertiliser surges
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An unstoppable real estate boom
Sector gets boost from RDAs, amnesty schemes, low finance cost
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Exporters to receive gas supply
Govt decision comes as industry agrees to pay higher price, allows energy audit
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Turkish lira slides 8% after intervention-driven surge
Last week’s rally brought the currency back to mid-November levels
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Market watch: Stocks fall on mini-budget uncertainty
Benchmark KSE-100 index sheds 204.95 points to settle at 43,913.44
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Oil falls after Covid-19 flight cancellations
Losses capped by hopes Omicron variant will have limited impact on global demand
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Tuwairqi Steel’s revival initiative
Hydrogen, Thar coal may help develop viable solution for mill’s revival
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Reviewing economy in 2021
High inflation, high unemployment, energy crunch hallmarks of difficult year
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Slumpflation and structural constraints
Export statistics increase to some extent, still exportable surplus is low
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Innovation deficiency in Pakistan
With low literacy and on-job training, country performs poorly in innovation
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Analysing another trade deficit crisis
Deficit will become more alarming if foreign currency reserves take major hit
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Global investors look to Omicron for direction
The S&P 500 closed down 2.3% on November 26 after the variant was discovered, on fears of fresh economic lockdowns
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Chinese platform launches Pakistan’s National Pavilion
Scheme to promote local products in China, boost bilateral trade
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Fertiliser being sold to farmers at premium
Stakeholders ask govt to ensure availability of gas to urea plants
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Telecommunication sector shines
Segment achieves significant milestones during outgoing calendar year
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Policy rate unlikely to hurt car demand
Economic recovery expected to aid automobile sales volume
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Sales tax portal to launch this week
Sources reveal platform cannot start functioning by January 1, 2022
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FBR head of technology walks away
Decision came apparently due to disagreement on salary package
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Turkish lira caps historic week with big lift from govt
State-backed market interventions help currency recover by 50%
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China proposes tighter rules but no ban for offshore listings
CSRC states new regulations reflect Beijing’s desire to open up
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Russia fines Google, Meta record $125 million
Moscow has been piling pressure on Western social media giants
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Japan unveils record annual budget
Months of restrictions took a toll on country’s economy
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European stocks close lower
London’s FTSE 100 closed flat, while France’s CAC 40 ended 0.3% lower
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SPI increases 0.4%
During the week under review, average prices of 23 items rose in a selected basket of goods, prices of five items fell
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Rupee slips against dollar
The SBP has injected $1.2 billion into the inter-bank market to defend the rupee
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APCNGA laments mismanagement in gas sector
Actions of such departments resulted in production and export losses worth billions of rupees, say officials
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Exporters pleased with government incentives
PRGMEA official says leadership’s measures bolstered economy, saved jobs
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Punjab, Sindh meet sowing target
Minister stresses challenges should be addressed timely to stay on track
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Refinery shutdowns may dent aviation fuel reserves
Petroleum Division asked to help run refineries at optimal capacity
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KSE projected to hit 55,000 by 2022
Experts predict eight new firms will raise Rs14-15 billion through IPOs
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Market watch: KSE-100 erases gains, closes week in red
Benchmark KSE-100 index falls 148.52 points to settle at 44,118.39
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Oil prices ease as focus shifts to OPEC+ move
Benchmark Brent crude still headed for weekly gain of about 3.5%
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Foreign loans surge to $4.6b in five months
Figure does not include borrowing made through Naya Pakistan Certificates
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Revised SBP bill vague on inflation
Documents show govt failed to win back ground conceded in Feb-Mar 2021
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Italy, Intel intensify investment talks
Intel declined to comment on Thursday on the talks or the size of investment
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Omicron unlikely to hit supply chain
US actions to eliminate supply-chain snarls had staved off a pre-Christmas crisis, says Biden
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Rupee strengthens against dollar
Rupee had been on downtrend since hitting 22-month high of Rs152.27 in May 2021
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‘Expatriates should invest in their homeland’
Delegation was led by president of Aspire Pakistan
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Mills buying sugarcane at higher prices: PSMA
Spokesman claims sugarcane price has crossed Rs300 per 40 kg in some areas
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Industry demands new fertiliser policy
Says it should focus on WACOG, leverage excess urea capacity through exports
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SBP reserves fall $415m to $18.15b
Decrease comes on back of external debt repayment
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ECC to decide on resuming LPG plant operations
Secretary says SSGC may provide gas to JJVL plant subject to commercial viability
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Gas crisis to hit GDP growth
Businessmen say energy shortage will hamper exports from Pakistan
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Bond yields on downward trajectory
Returns fall by 22-65 basis points in primary and secondary markets
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Foreign exchange: SBP reserves fall $415m to $18.15b
Decrease comes on back of external debt repayment
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Oil prices stable as positive Covid news balances curbs
Larger-than-expected drawdown in US crude stockpiles support gains
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Market watch: KSE-100 marches upward over drop in PIB yields
Benchmark index gains 91.94 points to settle at 44,266.91
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Pakistan secures $1.5 billion ADB loan
Financing will be utilised for development of energy, infrastructure sectors
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ECNEC gives nod to four projects costing Rs265b
Approved schemes include construction of much-delayed Sukkur-Hyderabad motorway