Business

Benchmark index increases 149.23 points to settle at 32,458.77

Tender for 240 cargoes over 10 years is likely to be worth $5-6 billion

US says its Navy ship has destroyed Iranian drone in the Strait of Hormuz

Rupee depreciates almost 49% since December 2017

Jahangir says Pakistani diaspora in UK keen to invest in Islamabad

Minister acknowledges ADB’s support to Pakistan

In first 17 days, revenue collection stands at Rs170 billion

Multibillion-rupee initiative will later expand to three other cities

50kg bags will be priced at Rs1,890 including dealer margin of Rs50

National flag carrier also plans to enhance fleet to 45 aircraft

New floating storage unit will have higher LNG handling capacity

ADB expects group of 45 countries in Asia-Pacific region to grow 5.7% this year

Increase comes on back of first loan tranche from IMF

Iran says vessel was smuggling fuel and had been carrying 1m litres

Benchmark index decreases 2.04% to settle at 32,309.54

State borrowing forecasted to balloon by about £30 billion per year from 2020

Bank Indonesia trims key lending rate by 25 basis points to 5.75%

The delegation was on a visit to Pakistan for exploring investment opportunities and projects

World Bank has supported the idea of leaving the rupee free from state control

Says country will continue with proactive fiscal policy, prudent monetary policy

Five names had been sent for ascertaining suitability, of which one was cleared

Suggests small amount of crude in Faisalabad can be converted into energy

Say uncertainty, lack of clear policy will hamper industrialisation efforts

Also allows revision in fertiliser prices and PIA budget re-appropriation

Plastic wrapping rate goes down to Rs50 for all sizes of bags

Beijing can impose sanctions if US does not remove certain tariffs that break WTO rules

Benchmark index increases 0.03% to settle at 32,981.99

Remain weighed down by industry data suggesting US crude inventories fell less than expected

Move highlights increased scrutiny over tech companies exploiting customers' information

Imran meets representatives of leading US firms doing business in country

Request comes in light of adverse impact of law on capital market

The IMF asks Pakistan to end state control of the rupee to let the currency find its equilibrium against the US dollar

The international benchmark hit a session high of $66.84 earlier in the day

IfM official says firms should benefit from advanced manufacturing strategies

There is a need to revitalise our trade relations with Singapore and there is immense potential in different sectors

Becomes first-ever organisation from a Muslim country to win award

Diplomat says issues should be addressed to boost investment

International court has slapped $5.9b penalty on Pakistan in Reko Diq case

Oil marketing firm says HSD unloading facilities are limited at upcountry depots

Lagarde says resignation to take effect from September 12, opening the way for the IMF to choose its next leader

US oil companies begin restoring production in Gulf of Mexico, which was earlier shut because of Hurricane Barry

Benchmark index increases 13.67 points to settle at 32,972.02

Central bank revises up inflation forecast to 11-12% for ongoing fiscal year

In the past six sessions, the currency dropped a cumulative Rs2.54, or 1.61%

he meeting deliberated on the issues pertaining to demand and supply of cotton in the market

The government should end post-budget uncertainty, urges All Pakistan Textile Mills Association

Kissan Ittehad chief says budget does not include any steps to curb production cost

Foreign investors will meet PM Imran soon for announcing investments

It had been at $3.47 billion in preceding fiscal year 2017-18

Loses Rs1.07 to close at 159.86 against dollar in inter-bank market