Business

It breaks momentum of fast economic recovery expected after first virus wave

Move will help bring airports on a par with global standards, enhance earnings

Sector has the potential to create job opportunities, strengthen economy

Inflows remain low compared with average of $200m per month in last fiscal year

Benchmark KSE-100 index advances 95.52 points to settle at 40,164.02

Some European countries reviving curfews, lockdowns to fight surge in new virus cases

Govt also signs $1.15b new financing agreements with World Bank

HBFC will provide Byco employees mortgage finance facilities across Pakistan on preferential terms and conditions

The foreign exchange reserves held by the central bank declined 2.9% on a weekly basis

Official says it will reduce container examination time, expedite imports and exports

CCOE directs ministry not to curtail gas supply to industrial, residential consumers

Hits 4-1/2-month high, stands at Rs162.86 in interbank market

Chances of finalising financing agreement for ML-I project remain low

Approves purchase of 640,000 tons at cost of up to $284 per ton

Govt opens market for private sector to reduce financial risks

Says govt was focusing on enhancing exports and duties on some of the raw materials had been reduced

Demand for Pakistani workers on the rise in Italian market

PM aide lists measures required under reforms drive to tackle circular debt

Benchmark index falls 75.79 points to settle at 40,068.50

Decrease comes on account of SBP’s external debt repayment

Some European countries reviving curfews, restrictions to arrest rise in new virus cases

Wall Street set to extend losses as US policymakers fail to agree on stimulus package

Wall Street’s main indices opened higher on Wednesday, supported by heavyweight technology stocks

Committee had also decided to seek briefing on an Indian application to EU for the registration of GI

The rupee strengthened against the dollar at Rs163.48 in the inter-bank market on Wednesday

Prime minister has sought roadmap for policy implementation

Move aimed at recovering cost of re-gasified liquefied natural gas

Improvement in bank advances indicates businesses are gradually reviving

Lawmakers complain about discrimination in execution of projects

Lender projects gradual increase in revenues, reduction in expenditures

Terms it prerequisite for sustained economic growth, tackling challenges

ICCI president says lockdown has dealt blow to traders

Say move will add to burden on industries, make them uncompetitive in global market

CEO gives presentation to cabinet on revival strategy for the airline

Benchmark KSE-100 index rises 137.61 points to settle at 40,144.29

OPEC cut oil demand forecast, citing economic dislocations caused by virus

Country’s economy could grow by only 1%; inflation may cross above 10%

Women Expo-20 had also been planned in mid-December this year

The government has allocated Rs33 billion for payment of markup subsidy for financing over a period of 10 years

Better performing economy expected to leave positive impact on currency

Hiring comes after court directed govt to make appellate tribunal functional in 10 days

Cabinet members voice concern over inaccurate data of wheat production, shortfall

Economic activities in these regions funded by economically backward provinces

Forecasts worsening outlook for many emerging markets

Stresses no stamping will destroy domestic industry, promote smuggling

Mirza said China is a time-tested friend of Pakistan

Says FAO has assisted Pakistan greatly in anti-locust operations

Turkish experience provides insights into process of opening markets to competition

Benchmark index falls 0.51% to settle at 40,006.68

China bought 11.8 million bpd of oil in Sept, up 17.5% from Sept last year