Business

Following an agreement with the IMF for a loan programme on May 12

Decline comes on back of dip in gross profit, uptick in finance cost

Financial assistance will go to projects of renewable energy, grid connections

Expression of interest comes from international financial institution

Will complete project under public-private partnership model

Islamabad urges Washington to make investment in food technology

Will instead introduce refinery margins in new policy

Benchmark index decreases 1.06% to settle at 32,103.27

Tensions remain high around Strait of Hormuz as Iran refuses to release British tanker

US crude stocks fell by nearly 11 million barrels last week: EIA

Software being developed by Punjab Finance Dept, PITB

US official assures them of embassy’s full support in trade promotion

Farmers buy fertiliser ahead of expected price hike

Tax is applicable from July 1, 2019

Draft report cuts country’s ranking on almost all fiscal management-related indicators

Grant has been allocated for Social Health Protection Phase-II

Two-judge bench issues notice to AGP over petition filed by CMIT members

Benchmark index increases 0.14% to settle at 32,446.40

Decrease attributed to debt servicing, other official payments

US crude stocks fell by nearly 11 million barrels last week: EIA

Overall, Aramco diversifies, while other projects progress slowly

It had been suspended last year when a corruption-plagued government was ejected from power

IMF asks Pakistan to end state control of rupee

The premier took commercial flights and scrapped practices of former premiers of engaging at least two long-haul jets

Decline in earnings mainly due to massive fall in gross profit margins

Says directors have caused Rs45m loss to authority

Rise comes mainly due to robust growth in gas sales

Test shows 9.12mmcfd of gas and 520 bpd of oil

Many public-sector companies are currently being run through an ad hoc arrangement

Says if bid is not responsive to requirements, then it is rejected

Concern grows as NAB launches inquiry into another CPEC road project

SNGPL warns power division that because of additional gas, pipelines could burst

Automaker is fighting to rein in its operations after years of aggressive expansion

US crude stocks fell more than expected in week to July 19

Benchmark index decreases 0.96% to settle at 32,401.40

Lighthizer, Mnuchin urge Beijing to buy more US agricultural products

Pakistan is facing endless economic crisis impose on millions poor people

IT graduates are coming up with innovative businesses

The Petroleum Division of the Ministry of Energy is working on a strategy to add around 400 million cubic feet per day

The FPCCI president also met newly appointed Ambassador of Pakistan to Japan Imtiaz Ahmed

Cumulatively, the rupee has depreciated almost 49% since December 2017

President insists documentation, tax collection are in best interest of nation

Power secretary briefs Senate panel on capacity, peak season generation

Trump said earlier some imported vehicles and parts posed national security threat

Oil industry faces hefty loss of Rs40b due to rupee’s free fall

Company plans to import LNG, asks suppliers to submit EOIs

Decline comes on back of lower revenues

New rates to apply to 20 major cities introduced to collect additional Rs40 billion

Scheme fails to yield results; around 600 expats invest mere $26 million

Humayun and Haroon Akhtar, Zaka Ashraf also own mills issued show-cause notices by cane commissioner