Business

OPEC+ agrees to recommend provisional additional cut in oil output of 600,000 bpd

Central bank cites no reason for increase in reserves

Washington expected to split levies on $120 billion worth of Chinese goods

Analysts see the decision a move by Beijing to boost confidence amid a virus outbreak

Cites robust funding, liquidity and close links with the sovereign underpin as reasons for reinforcements

Situation prompted by lower-than-expected receipts against budgetary measures

Company executive says manufacturing hubs to be established in Europe

Around 400,000 bales have already been shipped, remaining 250,000 bales delayed

Two major global exporters stuck in crisis; China is dealing with coronavirus while Thailand is facing severe drought

CEO Akbar al-Baker says company will take its time to negotiate

US-China trade agreement doesn’t formally take effect until February 15

Accuses federal and provincial ministries of failing to control locust situation

Aims to slash taxes, link locally produced LPG with 90% of Saudi Aramco contract price

Further support lent by news of allies considering output cuts

Plan in progress to find way to offer Shariah-compliant credit cards in the country

ECC also approves establishing Digital Media Wing in the Ministry of Information and Broadcasting

Power minister briefs envoy on renewable projects and investment potential of sector

Envoy says business community is actively engaged in boosting bilateral trade

'Aramco has demonstrated the full power of the Saudi market'

Earnings per share stand at Rs4.07 in year ended December 2019

Businessman regrets country cannot secure orders due to liquidity crunch

Power Division says running RLNG power plants on 66% must-run scenario has become uneconomical

Pakistan local currency bond yields rise 10 to 30 basis points in auction

Sets minimum reserve price at Rs6.6b in a bid to raise money to pay off debt

CPEC Authority chairman says eight more power generation projects underway to produce 4,470MW electricity

Benchmark index increases 474.86 points to close at 40,884.24

Fruit, vegetable association gathering data to boost exports to Africa

Revision comes after comprehensive consultations with all stakeholders

Will seek collaboration in areas of agriculture, water and sanitation

Official says dealers have built inventory in anticipation of price rise

Chinese firm refuses to accept dispute resolution plan approved by govt

Trade commissioner says Brexit allows UK to focus more on countries outside EU

Mini budget of nearly Rs200 billion inevitable

Global stocks hover near seven-week lows as virus fears hit China markets after holiday

Independent refineries in China's Shandong province cut output by 30-50% in little more than a week

Pakistan ranked the third-largest freelance economy in the world

There is no legislation in Pakistan for waste management of such products

Steps required to generate financial resources to mitigate effects of climate change

Govt, regulators should provide banks with right tools to promote financial literacy

Panellists at Adab Fest discuss state of economy and solutions needed

Country will continue to make more borrowing to service current debt

Recommendations to be considered while preparing the next federal budget

Finance ministry says other factors to blame for 40% increase in debt

The global lender also reiterates its commitment to help Bangladesh sustain high economic growth

Central bank says it will lower lending rates to support firms affected by outbreak

LCCI official says businessmen can benefit from investment-friendly climate

Ishrat Hussein says selection should be based on contribution rather than aristocracy

Officials say it will be country’s most affordable variant in 800cc category

Global crude prices, inflation concerns keep stock market under pressure

Highest level recorded in past over nine years due to rise in food and energy cost