Business

Ufone’s parent company seeks proposals for advisory role for possible amalgamation

Firm bears losses on back of rise in finance cost, shrinking margins

Bids cancelled on allegation of collusion among importers

Central bank cites no reason for the increase

Investment drops in wake of subdued economic activities, recession in Europe

Says Pakistan waiting for constitution of joint working group

Riyadh calls for countering negative perception to unlock Pakistan’s real potential

Central bank aims to provide secure, efficient financial system through digital means

It will come after reduction in rate of return for power projects

Benchmark KSE-100 index rises 0.12% to settle at 42,334.76

Central bank cites no reason for the increase

PBS data showed over 2% increase in wheat prices in past one week alone

PM Imran chairs meeting on power sector reforms, says govt working on making the subsidy system transparent

IMF has asked Pakistan to end state control of the rupee

Farmers cite abolition of advance tax for rise in shipments

Enent insists it can cut carbon emissions by 18,000 tons per year

CDWP approves concept clearance paper for tax reforms in Punjab

Minister says both countries can collaborate in research on food security

NEPRA raising questions over KE performance while reviewing investment plan

US says tariffs on China are justified as Beijing is stealing intellectual property

IT ministry committed to providing broadband services in Pakistan

PTA says shops violating order will face legal action under telecom law

Shibli Faraz assures businessmen of facilitation in trade activities

Pakistan Association of Large Steel Producers says drop in import tariff will lead to closure of industry

Benchmark KSE-100 index drops 64.14 points to settle at 42,282.28

Telecom consumers, stakeholders and the public have been invited to provide their comments on the draft

Yields of fresh fruit bunches per unit of mature plantation area fell by an average of 10% in the first half of 2020

The rupee weakened against the dollar at Rs166.26 in the inter-bank market

Stresses use of efficient technology to save electricity

Move comes after demand for Islamic financing soars in housing sector

Now, there is no restriction on export of personal protective equipment

Says finance dept adopted effective strategy to deal with coronavirus

ADB says growth will recover with subsiding Covid-19 impact, reforms

IEA says uptake of remote working dampens fuel demand

Aims to help sustain national food security, control pests

CEO says private sector has to help govt which lacks service infrastructure

Three-year strategy will ensure faster telecom network speed

Minister says dividend of controlling disease early paying off on economic side

Benchmark KSE-100 index drops 184.89 points to settle at 42,346.42

Brent crude LCOc1 was down $0.35, or 0.9%, at $39.48 a barrel while US WTI crude futures CLc1 were down $0.26, or 0.3%

LCCI office-bearers said Pakistan received 3,000-3,300 hours of sunshine per year on average

The rupee weakened against the dollar at Rs166.17 in the inter-bank market

Aims to achieve bumper staple crop with improved quality

Proposals include steep reduction in tax rates for corporate sector, salaried persons

Decline comes due to rise in revenue from sale of gas

Govt stakeholders call for appointing arbitrator to resolve K-Electric receivables, payables issue

Inflows exceed $2b mark for third consecutive month

Trade fair provides platform for Pakistani companies to enter Chinese market

Argue these will help stimulate foreign investment in country

Calls for preventing concentration of wealth in few segments