Business

Increase comes due to use of formal channels, curbs on Hundi/ Hawala

The SBP let the rupee depreciate massively in the inter-bank market after finalisation of an agreement with the IMF

Move aimed at achieving production of 30 million tons of the commodity

Aims to lock $800m investment and open market for private sector

Benchmark KSE-100 index sheds 108.81 points to settle at 44,477.24

Energy markets tighten in face of improved fuel demand as economic activity rebounds

ECC forms body that will review monthly projections for export of perishables

Each country must determine appropriate timing, pace of fiscal consolidation based on its circumstances: IMF

Govt announced Rs5,000 per 40 kg cotton support price, cotton growers getting better cotton prices

Rupee has maintained its downturn since hitting a 22-month high of Rs152.27 in May 2021

PM adviser welcomes investment, saying govt policy bearing fruit

Says inflation will edge up due to expected increase in power tariffs

Agriculture committee reviews production plan for Rabi season crops

Offload their holdings following return of volatility to rupee-dollar exchange rate

Scheme aimed at enhancing trade with Central Asian republics

Seeks recommendations for solution of issues faced by less developed areas

Overall liquid foreign currency reserves held by the country stood at $25,999.9 million

PCJCCI chief says industry will see Chinese-style reforms after investment

It is aimed at image building, improving country’s position during GSP Plus review

Central bank gives no reason for the drop

Benchmark index rises 0.48% to settle at 44,586.05

FAO predicts record global cereal production in 2021, but consumption will outpace it

Goldman Sachs says release of reserves only poses $3 downside risk to Brent crude price

US crude inventories rose by 2.3 million barrels last week

Hopes it will boost transparency in foreign currency transactions by exchange companies

Chairman suggests instead of shutting down, power plants should be rehabilitated

Sharp increase in trade deficit drives decline in currency

Local market takes cue from surge in international commodity prices

To cope with this situation, Pakistan can slash fuel imports during winter

Urge govt to reduce reliance on loans, frame comprehensive strategy

Sees potential for development of capital market ecosystem in province

Urges chief secretaries of two provinces to initiate daily release of wheat

Minister stresses need for testing modern methodologies on smaller scale first

According to Chainalysis 2021 Global Crypto Adoption Index, Pakistan is ranked third in terms of crypto adoption

Benchmark index drops 0.66% to settle at 44,373.23

Price surge underpinned by OPEC+ refusal to boost output faster

Company chairman met PM Khan to discuss cooperation and prospects of joint ventures

Says global economy bouncing back but pandemic limits recovery

Cotton arrivals in markets soar 100% to 3.8m bales

Rome making efforts to bring trade commissioner from Dubai to Pakistan

Two sides discussed possibilities of cooperation in post-Covid era

Waives transaction fee on corporate action, cuts tariffs for mutual funds

Will float T-bills and PIBs to raise funds to pay off maturing debt

Recommends terminating services of officials who made unjust tax demands

Benchmark KSE-100 index sheds 377.93 points to settle at 44,666.57

Rise in crude prices has added to inflationary pressures for crude-consuming nations

Trade gap widens to $11.7b in Jul-Sept 2021 due to surge in imports

Say accelerated recovery from coronavirus crisis is under way

Benchmark index gains 172.8 points to settle at 45,044.5

Minister highlighted initiatives of govt to enhance share of renewable energy in Pakistan, targeted at 45% by 2030