Business

Benchmark index rises 76.62 points to settle at 47,295.8

Govt floats LNG import tender in emergency to avert gas crisis

Okays recovery of Rs17b from consumers, cancels import of 2.1m tons of wheat

Shares of Qualcomm jumped 11.4% after the chipmaker forecast better-than-expected profit

Shortage of truckers has added to difficulties especially in Britain

Rupee on downtrend since hitting 22-month high of Rs152.27 in May 2021

Rise in input cost, exchange rate fluctuation worry producers

Lament losses borne on account of sit-ins in Punjab

Envoy proposes direct flights, aggressive economic diplomacy for boosting ties

Central bank gives no reason behind the increase

Saudi energy minister expects oil stocks to rise tremendously by end of 2021

Pension liabilities emerging as financial risk to province

New head will oversee mega gas pipeline projects in his 3-year tenure

Benchmark index gains 186.74 points to settle at 47,219.18

Central bank gives no reason behind the increase

Market believes OPEC+ is likely to stick to current policy despite pressure from oil importers

Deputy governor says food and energy prices contributing to high inflation reading

EIT InnoEnergy and will become a shareholder in the EU-backed venture

As part of a plan to reach net zero carbon emissions by 2060

Gains 0.57 to Rs169.97 in inter-bank market

Central bank governor calls for early rollout of financing scheme

Former SBP governor says Islamic banking growth is below expectations

Production rises 81% to 6.25 million bales in current season

Indus Motor CEO says rupee fall, high freight and raw material costs are major concerns

Official says local fertiliser industry shielded farmers from jump in global urea prices

The investment will add 780 megawatts of clean energy

Emphasises need for facilitating differently-abled people

Will file reference asking whether lawmakers can be placed on PSE boards

Benchmark KSE-100 index sheds 80.48 points to settle at 47,032.44

Dawood says initial production of Xiaomi will be around 3 million handsets per annum

Biden blames surge in oil, gas prices on refusal by OPEC nations to pump more crude

Saudi Arabia’s assistance to Pakistan driving sentiment in inter-bank market

Funding will go to areas like good governance, climate, energy and sustainable growth

Envoy says companies are focusing on Pakistan as investment destination

Envoy expects breakthrough in talks to be held in December

Ministry also seeks incentives for imports to end monopoly of existing companies

BOI official encourages investors to explore country’s housing sector

SBP has injected $1.2 billion into the inter-bank market

Says subsidy withdrawal will increase burden on households consuming 300 units

Say railway link will expedite cargo transportation to seaports, upcountry borders

Rise in fuel demand signals sharp recovery in economic activities

Benchmark index adds 138.14 points to settle at 47,112.92

Ahead of Thursday’s meeting, OPEC+ is under pressure to do more to cool market

Utility MD suggests frequent interaction with textile sector for addressing issues

Increase led by double-digit rise in prices of non-perishable food items

Announcement comes as world leaders began COP26 climate change summit in Glasgow

$3 billion cash deposit by Saudi Arabia in the State Bank helped the rupee

Minister stresses need to increase number of cyber security experts

Pakistan Railways CEO stresses it is impossible to operate with old fares

Will also introduce mobile app to address grievances on priority