Business
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Covid resurge ‘major risk’ to economy
Ministry says inflation will also remain high because of money circulation growth
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Rupee strengthens against dollar
The rupee strengthened against the dollar at Rs160.91 in the inter-bank market on Tuesday
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SBP eases procedure for remitting proceeds
Objective is to make Pakistan attractive place for investment
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Pak Suzuki’s loss contracts 88% to Rs136.4 million
Rupee recovery, decline in interest rate help company contain loss
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Organic Meat Company posts 19% rise in profit
Earnings go up as firm clears backlog of orders stalled during lockdown
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Moody’s assigns B3 rating to WAPDA
With stable outlook, rating comes ahead of WAPDA’s bond float
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World Bank downgrades tax project
Decision comes on back of slow progress on govt’s $400m venture to reform taxes
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Asia markets down as virus hammers Wall St
Investors’ sentiment dented as hope for new US stimulus package fades
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Planning ministry gets control of SIDCL
Cabinet approves placement for one year, after which decision will be reviewed
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Pandemic batters foreign investment
UN economists expect corona crisis to drag FDI down; no recovery till 2022
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Market watch: Profit-taking pulls KSE-100 down
Benchmark index falls 468.64 points to settle at 41,381.83
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Oil rises towards $41 on US Gulf shutdown
Producers have shut 293,656 bpd of oil output due to Hurricane Zeta
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IMF keeps govt on a tight leash
Pakistan asks IMF to relax mini-budget, tariff hike conditions
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SME stakeholders seek support
Thaver appreciated SBP for widening the definition of SME sector by including the emerging corporate sector
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Rupee strengthens against dollar
The rupee strengthened against the dollar at Rs161.05 in the inter-bank market
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Pakistan becomes importer of major agri goods
Due to government’s lack of focus on agronomy, country is now importing wheat and sugar
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PRGMEA seeks changes in regulations
Asks SBP to stop sending exporters notices for not realising proceeds
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Cement sector depicts robust recovery
Companies report significant growth in earnings for first quarter of FY21
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ECC endorses Rs1,600 wheat price
Committee fails to agree on Rs1,000-per-bag fertiliser subsidy
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Experts discuss changing trade rules
Commerce ministry official stresses need for boosting export of services
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Investors line up for Ant Group’s $34.4b IPO
Investors line up for Ant Group’s $34.4b IPO
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Sharp price gap of bezoar
Pakistan’s waste considered soft gold in China
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No change in gas prices for tandoors
OGRA keeps unchanged gas rates for domestic consumers, hikes prices for others
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Market watch: Cement sector leads stock market rally
Benchmark KSE-100 index soars 584.47 points to settle at 41,850.47
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UK self-driving car plan threatens safety
Insurance group says current technology may not be able to see debris, avoid pedestrians
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Political economy and reforms
Lack of people-centric reforms contributes to poverty, food insecurity, joblessness
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Covid and systemic economic issues
For sustained growth, country needs to improve factor productivity
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Digital tsunami is coming
Automation, innovation are critical survival skills that businesses have to learn
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Pakistan’s economy: charting the politics
Country should strive to align good economics with good politics
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Boosting economic diplomacy
It is time for Pakistan to look at issues through economic rather than security prism
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E-commerce platforms China looks into unfair competition
The operation will run until December
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Economic forecast S&P upgrades Italy debt outlook
The steps provide Italian authorities an opportunity to restart economic growth
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Dollar-denominated Zimbabwe launches new stock exchange
ZSE in creating a global platform for the trading of stocks in foreign currency
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Agriculture sector UAF gears up to support farmers
Majority of our population was associated with the agriculture sector
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Earnings of NEPRA officials soar by up to 551%
Chairman paid Rs9.97m compensation in FY20 compared to Rs1.53m in FY19
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OGRA to issue new CNG licenses
Govt has allowed private sector to import LNG
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Textile sector irked by low cotton yield
Says government’s lack of focus to enhance yield is deplorable
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Govt mulls another amnesty scheme
Offer for Pakistani nationals hiding US dollars aims to cushion dwindling reserves
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Buoyant investors push PSX past 41,000
Uncertain oil prices in the international market also took toll on the local investors
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AmEx issues dismal outlook on business travel spending
Reports slump in profit due to weak spending by its card users
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China increases purchases of US farm goods
Beijing buys over $23b in agricultural goods or 71% of target under trade deal
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Private sector urged to create jobs
Punjab finance minister tells businessmen govt is working on policies for growth
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TEVTA, BOP ink agreement
Unlike past, the strategically important MoU will provide students opportunity for entrepreneurship and skill training
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Al Baraka, Takaful firm join hands
Al Baraka is always keen to provide unique and innovative products to its customers
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TDAP to hold webinar on trade laws
The webinar would provide an overview of various regulations and laws which govern the business environment of Nigeria
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Govt urged to reduce inflation
The government should refrain from pressing the business community and take immediate steps
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SPI decreases 0.23%
The Sensitive Price Indicator (SPI) for the week ended October 22, 2020 registered a decrease of 0.23%
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IPO at PSX raises Rs3.84b
The share issue of Agha Steel Industries consisted of 120 million ordinary shares
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Engro’s profit jumps 50% to Rs15.5b
Company declares cash dividend of Rs10 per share
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Country saves $129m in pulses import
The country produced additional 76,000 tons and 53,000 tons of moong and gram pulse respectively














































