Business

Company downgrades this year’s cash outflow forecast as slump in air travel continues

Delay in implementation of policy shakes confidence of foreign mobile manufacturers

Qatar Petroleum Trading Company aims to build diversified global portfolio

All three major automakers report year-on-year growth

Country receives $11.77 billion in first five months (Jul-Nov) of current fiscal year

It was also for the second time that the prime minister withdrew the Revenue Division portfolio from Shaikh

Funds secured to cushion foreign exchange reserves, finance budget

Benchmark index rises 164.56 points to settle at 42,470.40

Promising vaccine trials helped lift gloom over record rises in new Covid infections

Announces 'good news for economy', says remittances rose to $2.34b in previous month, according to SBP

In the previous ADO Updated Outlook report of September, ADB had said Pakistan’s economy may grow at a pace of 2%

Oil rises to $50 for first time since Mar

The rupee strengthened against the US dollar at Rs160.28 in the inter-bank market

British envoy calls for utilising $1.5b under export credit facility

Non-resident Pakistanis deposited largest amount of $7.7m in a day on Wednesday

Increase comes due to receipt of $359m from multilateral, bilateral sources

Implementation sought for all companies for transport of imported gas

Gives six-month deadline to investors to encash or convert their savings

Japanese electronics conglomerate aims to expand global footprint

Frankfurt’s banking scene has been one of the primary beneficiaries of Britain’s exit from the European Union

Ishrat Husain says govt using NADRA, broadband penetration to chase tax evaders

Shortage of raw material, disruption to supply chain cause price hike

Benchmark index advances 0.24% to settle at 42,305.84

Concern over attack on Iraqi oilfield lent further support

Increase comes due to receipt of $359m from multilateral, bilateral sources

Textile sector has about 60% share in total foreign exchange earnings and 40% of the workforce is employed by it

The rupee weakened against the US dollar at Rs160.49 in the inter-bank market

Cabinet secretary says it did not mention waiver of non-conformance charges

Owing to system, 29 phone assembly facilities have been set up in Pakistan

Country has imported over 2m tons in past five months out of target of 3m tons

Scores of non-resident Pakistanis accidentally become residents due to travel curbs

Crude stockpiles jumped unexpectedly in largest build since April

Adviser calls trend an indication exports are regaining momentum

Funds will help Pakistan address issues of climate change, health emergency

Benchmark index advances 102.25 points to settle at 42,204.03

Worsening Covid-19 situation in Europe weighs on prices

The rupee weakened against the US dollar at Rs160.47 in the inter-bank market

ICCI chief says move will help attract investment, bring industrial revolution

Challenges India’s geographical indication claim on Basmati rice

PM aide encourages exporters to market products aggressively to capture greater share

Puts restriction on use of local gas, LNG solely for power generation

Despite 43% drop in filers, govt has not granted further extension in deadline

Data shows financing has likely hit record high in 2020

London-based think tank says data can be protected without localisation

Alvi acknowledges economic benefits of micropayment gateway

Cost of ginning to soar due to imported raw material

Benchmark index slips 13.53 points to settle at 42,101.78

Prices were briefly buoyed by world’s first fully tested Covid-19 vaccine shot

Teli had contracted pneumonia a few a days ago and was later put on ventilator after his condition worsened

US crude was down $0.58, or 1.3%, at $45.68