Business

Decision comes in wake of hefty rupee depreciation

Both local consumption, exports register double-digit growth

Contraction of industrial output, shift to RLNG dented demand

Core inflation decelerates to 8.4% in urban areas, remains static at 8.8% in rural areas

Faraz says dept not accepting its mistake as no one was ready to take responsibility

Approves Eastbay Expressway project of CPEC at an upwardly revised cost of Rs17.4b

PM says uniform curriculum for primary schools will be ready by March

WTO to rule on EU retaliatory rights in early 2020

Andean nation attempting to increase crude production to raise more income

Benchmark index rises 0.34% to settle at 32,363.35 points

Price raised by 83 paisa per unit for consumers of more than 300 units a month

US crude stocks fell last week by 5.9m barrels against expectations for increase of 1.6m barrels

Pakistan-born wealth manager is at the centre of a scandal that has rocked the secretive world of Swiss banking

Ishrat Husain insists cooperation between public, private sectors will help overcome challenges

Bakht tells finance dept to get explanations on Section 189 and 190 of new Local Government Act 2019

Assures soap industry of resolving their genuine problems

Though unhelpful, SBP won’t cut interest rate

Telecom firm had demanded Rs14 million for these facilities

Decision comes as air carrier expects high passenger traffic

Price hike to make up for falling revenue; Pak Suzuki also raises bike prices

PM Imran Khan says initiative would help create employment opportunities

Walks a tight rope in meeting IMF target of controlling circular debt

Pakistan receives $328m investment in T-bills, other debt instruments in Jul-Sept

Benchmark index increases 175.47 points to settle at 32,254.32 points

Government applies measures to mitigate pain on consumption

Expects global merchandise trade to rise 1.2% this year compared to April's estimate of 2.6%

OPEC output falls to eight-year low in September: survey

Sum of €109 million committed by the German government

Saudi-Pak Company’s term ending in 2030 may be extended by 50 years

Experts say move will have limited impact on Chinese investments

New policy will allow PayPak to process transactions in Pakistan

Makes public announcement for fifth time in three years to acquire majority shares

Also falls short of refund target by Rs45b while return filers stand below 450,000

Says high foreign currency reserves critical for avoiding lender in future

OGRA, however, recommended reduction of up to 2.6%

Saudi finance ministry expresses disappointment, urges Fitch to reconsider move

Benchmark KSE-100 index edges up 0.03% to settle at 32,078.85 points

Beijing warns of instability in global markets as US considers delisting Chinese firms from its bourses

NayaPay to enable citizens to open e-money accounts for digital payments

90% cut in tax liabilities on builders’ income earned from low-cost housing schemes planned

Efforts are needed to increase exports to sustain reduction in deficit in the long run

Country can set up SME, agri-zones in collaboration with China, Germany

Most politicians and bureaucrats do whatever they have already decided

Innovation should be promoted to upgrade Pakistani products in global value chain

Govt shows little interest in taking critical steps to prevent worsening of situation

Move aimed at facilitating taxpayers in filing their returns

OGRA bans import of Iranian LPG through Taftan land route

FBR chairman says objective of the move is to facilitate taxpayers

Decide to send an amended draft to the board

Concerned authorities step in with incentives and regulations to revive the crucial sector