Business

New bill contrary to objectives of efficient and financially viable public sector firms

Brief document says it will improve people’s livelihood, pave way for sustainable growth

Central bank cites no reason for increase

Say abrupt, frequent amendments damage investor confidence

Says work on Dasu and Diamer-Bhasha dams is progressing despite pandemic

The rupee strengthened against the US dollar at Rs155.01 in the inter-bank market

Finance ministry begins virtual road-shows a day after revival of IMF programme

Prices, however, head for third consecutive weekly loss with demand outlook dented by fresh lockdowns

Benchmark KSE-100 index drops 204.54 points to settle at 45,521.63

Chinese firm officials call on BOI chief, discuss marketing plans for Rashakai Special Economic Zone

Creditor’s board okays four pending reviews of Pakistan’s economy and release of next loan tranche of around $500m

Food ministry looks to import 10 land cruisers for locust control

Near 1310 GMT, bitcoin was up 4.3% at $56,802

IT minister says all stakeholders will be taken on board for Digital Pakistan Policy 2021

Voices hope entry of new automakers will lead to higher demand for tyres

PC board allows hiring of financial advisers for conducting legal, regulatory reviews

Assets, deposits of Islamic banking industry grew 30%, 28% respectively in 2020

President urges Brunei Darussalam to take benefit of Pakistan’s expertise in agriculture

Development projects are related to health, food and agriculture sectors

The rupee strengthened against the US dollar at Rs155.39 in the inter-bank market

Mineral, tourism and agri sectors offer immense potential for investment

It will invest $20 billion in building two new plants in Arizona

Central bank cites no reason for increase

Market was worried about prospect of extended lockdowns in Europe, disruptions to vaccine distribution

Benchmark index rises 181.97 points to settle at 45,726.17

Say mango exporters failed to take advantage of US GSP facility for 10 years

Upper house chairman assures businessmen of full support in resolving key issues

Demand for emerging asset class has grown among larger investors

Expectations of coming US economic boom worry bond fund managers

Investors pour money in T-bills and PIBs amid rising rate of profit, rupee stability

Stakeholders demand clear policy to pave way for investment in sector

Brent crude futures were down $2.56, or 4%, to $62.08 a barrel by 12:16 pm ET

PIDE study asks govt to fund vaccination plan to protect economy from losses

Metro Pakistan, in collaboration with FBR, has completed the integration of all its Points of Sale

Trade volumes could grow 8.5% this year and 6.5% next year

Asad accuses civil servants of disregarding PM’s directive on uplift schemes

Increase in assets, deposits highest since 2015 and 2012 respectively, says SBP

Fears of slow recovery in demand due to European lockdowns limited gains

Benchmark KSE-100 index advances 0.3% to settle at 45,544.20

Circular debt continues to mount due to diversion of LNG to domestic consumers

Fallout on carmakers can spread beyond Japan to auto firms in Europe, US

Officials try to stem carnage as currency lost nearly 15% against dollar

Asian and European stocks were mixed after largely negative pre-weekend lead from Wall Street

Current account deficit shrinks 75%

Say it will lead to high prices in some parts, cause losses to growers in other areas

Surge in other income and tax reversal steer decline

Authority chairman points out signal quality issue being faced in congested areas

Chairman stresses need for new roadmap to meet needs of UAE market

The rupee strengthened against the US dollar at Rs155.85 in the inter-bank market

The changes in SBP regulations would enable banks/ DFIs to make higher investments in REITs