Business

Benchmark KSE-100 index surges 341.37 points to settle at 47,599.82

Central bank cites no reason for increase

Prices near three-month lows as fresh lockdowns dampen outlook for fuel demand

Govt may face challenge of unmanageable current account deficit

Manufacturers speculate impact on import of semi finished material from Afghanistan

Will issue letter of comfort to gas utility company to withdraw litigation against PSM

New funding is one of the largest financing in MENA region

Increase in international scrap prices makes commodity costly in local market

Affects consumers looking to buy cars, install solar panels

Envoy says remittances from Italy to Pakistan hit fresh peak of $601m in FY21

Changes will be effective from October

Automakers had protested that 2016 hike, saying it could increase industry compliance costs by $1 billion

Brent crude was down $0.25 to $68.77 a barrelr

Major US indices rebounded overnight from a slow start as bargain hunters stepped up purchases

Chairman remains confident despite crippling sanctions

Fears China, US will dominate global chip making, hopes to create Asian data centre hub to spur demand

Investors engage in bargain hunting despite losses on Wall Street, surge in Delta variant cases

UK fully left EU's orbit in Dec 2020 by which many banks and other financial firms had relocated

SBP let the rupee depreciate massively in the inter-bank market

Provincial minister assures ambassador of all possible support

Faces challenge of high global prices, coupled with sliding value of rupee

Tarin, Korean envoy discuss economic potential between both countries

Request government to allow import of cotton, cotton yarn from India

Amounts to $89.9 million in July as foreign projects record outward payments

Some firms opt for small plants that are light on expensive equipment

Amid weak Asian data, more lockdowns, OPEC believes market does not need more

Appoints 2 directors, de-notifies 5 others from board

Benchmark KSE-100 index rises 345.66 points to settle at 47,258.45

Decides to review report and take third-party view before taking action

Aims to improve access to finance for small businesses

SBP let the rupee depreciate massively

Receipts have helped strengthen external economy, support reserves

Commerce adviser says govt’s pro-industry policies contributed to growth in LSM sector

Energy minister says it will enhance investment in petroleum sector

Will introduce framework for long-term financing

PAAPAM urges govt to waive additional levies on imports in new auto policy

Approves support for five export-oriented sectors, defers aid for farmers

Experts call for transparency in implementation for fair allocation of funds

Stakeholders show optimism about further growth in sales numbers in coming months

Digitalisation can provide varied avenues for women’s social, economic empowerment

Too many regulations will stifle economic activity, will be difficult to enforce

Flexible exchange rate may fuel imported inflation that has been on rise since March

Chinese regulator tightens scrutiny

FPCCI official says industrial expansion, growth not possible without stability of local currency

Rate of 12.5% will now be charged on sale of shares on profit

Cites fluctuation in global oil prices as reason for increase

Japanese envoy says Pakistan needs 5 years to bring it at par with global ports

Concerns over rupee stability, Afghanistan situation keep investors on sidelines

Weathers concerns over slowing demand due to spread of Covid variants

Raise concerns about impact on economies in region, particularly Pakistan