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From economic growth to transformation
It calls for grand re-look at allocation of resources including public spending, taxes and tariffs
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Hope not a strategy to tame price volatility
Many countries gained an advantage by filling their strategic reserves when oil prices were low
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Telecom sector in year 2021
Spectrum offer at fair prices will bring more cash for govt, boost economy
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Fitch downgrades Sri Lanka as default fears mount
Decision comes after country reports 1.5% contraction in third quarter of 2021
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Narrowing market breadth worrying signal for global stocks
Situation can spark period of rocky trading with deeper-than-average drawdowns
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Dutch flock to shops before expected lockdown
Health experts recommend closure of all non-essential shops, schools, restaurants
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PIA acquires modern A320 simulator
Simulator complex was being set up at Karachi airport where all airlines, says PIA CEO
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PSX gains 505 points on upbeat outlook
Market oscillates between red and green zones due to mix of positive, negative news
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Biohealth cooperation to flourish
Pakistan, China open Biohealth Agri Demonstration Park after 13 years of efforts
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Tyre makers jack up prices
Cite surging input costs as reason behind price increase
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Cotton output spikes 44% to 7.3m bales
Supply to textile exporters increases following better yield
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Tax collection on demand falls 41%
Field formations generated hardly Rs12.5 billion from July 1 to December 15
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Pakistani market entices Dubai-based firms
UAE companies invested around $220 million in past five years
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Further subsidies of Rs100b demanded
Exporters want continuous supply of gas amid failure to honour past commitments
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Businessmen irked by additional taxes
The government has introduced the bill in order to meet the conditions of the International Monetary Fund (IMF)
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Dearth of drivers plagues ride-hailing firms
High inflation, fuel costs, car prices discouraging people from working in industry
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SPI increases 0.55%
The SPI for the combined income group rose 19.49%
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Pakistan’s leather exports have great prospects
Industry recovers owing to relaxation in lockdowns, prudent government policies
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FDI improves 12% in Jul-Nov
Amounts to $798 million on back of boom in IT sector amid Covid-19
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LNG terminal operator eager to expand capacity
Asks govt to allow expansion, move towards building onshore terminals later
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Rupee falls below Rs178 mark against dollar
Anticipation of high current account figure drives devaluation in inter-bank market
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Market watch: KSE-100 advances in roller-coaster session
Benchmark index adds 169.48 points to settle at 43,900.68
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Oil prices head for weekly loss on Omicron uncertainty
Both benchmarks fall over 1% as virus cases mount
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ECB cuts stimulus but promises copious support
Bank signals that exit from years of exceptionally easy policy will be slow
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Turkish lira hits new low after interest rate cut
Dollar has more than doubled in value against Turkish currency this year
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Oil rises over 1%
Demand has been rising in 2021 after last year’s collapse
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UAE firm invests $15m in Pakistan
Right time to invest, start a business in Pakistan, says minister
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Rupee stable against dollar
SBP has injected $1.2 billion into inter-bank market to defend rupee in ongoing fiscal year
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SBP reserves fall $90m to $18.57b
Central bank gives no reason behind decrease
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Prospects bright for Pak-China biogas cooperation
Expert points out Pakistani rural areas have huge biomass reserves
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Electricity, gas crisis batter textile output
Official says mills are on verge of shutdown, business losing orders
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Mobile firms focusing on innovation
Younger generation encouraging mobile makers to equip faster, capable processors
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‘Exploitation of mineral sector can enhance exports, boost growth’
ICCI chief says appropriate attention not being paid to the sector
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ECC okays hike in power prices
Also approves draft of new automobile policy that discourages use of electric vehicles
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Slowdown in LSM growth persists
Large industries post 3.6% expansion during July-October 2021
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Market watch: Bourse turns bearish, drops 636 points
Benchmark KSE-100 index declines 1.43% to settle at 43,731.2
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Foreign exchange: SBP reserves fall $90m to $18.57b
Central bank gives no reason behind decrease
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Rupee falls to new record low
Demand for the foreign currency stands higher compared to its supply
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Govt committed to removing supply hurdles
PM aide suggests planning imports to avoid price hike in country
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‘Insurance companies should keep conditions transparent’
FIO says secrecy in insurance documents creates problems
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Pakistan, China firms to bolster ties
Eye cooperation in potato starch processing, embroidery products
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Hedge funds set to end 2021 with inflows
Growth expected on back of investor shift to alternative assets
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‘Agri research, innovation can end nutrition deficiency’
Food minister laments lack of focus on quality food and seeds
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M3, M5 motorways to get broadband connectivity
Minister says scheme is part of Digital Pakistan initiative
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Q-commerce enters Pakistan
Rapid growth of e-commerce encourages firms to innovate
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K-P told to fix blame for canal scheme delay
Ministry demands inquiry into poor design of Warsak Canal System
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Deadlines for 5 projects extended
CPEC Schemes facing delays due to overall slowdown of work, Covid disruptions
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Market watch: Bourse rallies on improved outlook
Benchmark KSE-100 index gains 1,120.15 points to settle at 44,366.86
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Govt to make public sugar committee’s report tomorrow
Energy minister says thrust of reform is towards deregulation, documentation and enhancing competition in sugar sector
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Govt cuts petrol, diesel prices by Rs5
Ogra had recommended Rs10.77 and Rs7.77 per litre reduction in the rates of the two products respectively