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Oil at six-week high on Gulf of Mexico storm, ME tensions
Prices also supported by fall in dollar and decline in US crude stocks
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Remittances surpass target, stand at $21.8b in FY19
Surge comes on back of improved economic activities, jobs in UK, US
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Rupee weakens against dollar in inter-bank market
SBP let the rupee depreciate massively in the inter-bank market after finalising an agreement with IMF
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Govt to revise base-year for gauging inflation
The federal government has decided to revise base year for ascertaining inflation rate and consumer price index
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Gold price surges to Rs80,900 per tola
Hike of about Rs1,300 comes on back of increase in prices in international market
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PIA restores A320 aircraft to its fleet
The test flight of the aircraft was conducted successfully
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Dry battle: Punjab lodges complaint against water losses in Sindh
IRSA sets up committee to monitor water supply at Guddu Barrage
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Budget measures slow down realty sector
Investors await clarity on revised rates of land to be announced by FBR
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PTI plans to outsource airport management system
Aims to improve facilities at international airports that will attract tourism and investment
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Average exchange rate likely to be Rs172.53 by June 2020
Workings in IMF report reveal rupee will lose over 27% due to weak economy
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NAB arrests Sindh Bank chief in fake accounts case
Graft buster also rounds up bank's director and executive vice president
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Market watch: KSE-100 loses amid lacklustre trading
Benchmark index decreases 15.53 points to settle at 33,840.05
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PM withdraws portfolio of Revenue Division from Hammad after strong protest by Hafeez Shaikh
Hammad Azhar has now been assigned comparatively less important portfolio of Minister for Economic Affairs Division
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Market watch: KSE-100 gains 113 points in volatile ride
Benchmark index increases 0.33% to settle at 33,855.58
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Finance Act 2019: Non-filers to pay higher taxes
Non-filers of tax would have to pay double in taxes than filers
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Week-On-Week: SPI rises 0.83%
The combined income group went up from 257.5 points during the week
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Inter-Bank Market: Rupee weakens against dollar
Cumulatively, the rupee has depreciated almost 49% since December 2017
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Foreign investors’ confidence in Pakistan improves
Survey states visits by OICCI regional management to Pakistan increase over 65%
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France to impose green tax on plane tickets
Move aimed at limiting environmental impact of air travel
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Refineries directed to uphold fuel standards
Petroleum Division asks them to produce quality fuel that meets needs of new model vehicles
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Fertiliser prices to rise by Rs100 per bag after hike in gas tariff
Final decision to be taken on Thursday after meeting with industry representatives
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Overpayment to IPPs adds to circular debt
Committee deliberates issues of high tariff, capacity charges and heat rates
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Govt empowers FBR to go after offshore accounts
However, legal challenges to new regime remain unaddressed
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Pakistan’s external debt estimated at $130b by FY23
IMF sees net addition of $34.6b despite repayment of $48b during PTI’s tenure
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IBM closes $34b deal to buy Red Hat
This is the company's biggest acquisition in its more than 100-year history
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Oil rises towards $65 as supply concerns outweigh trade dispute
OPEC+ agreed last week to extend their supply cut deal until March 2020
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Work on Faisalabad Expo Centre to begin this year
Commerce adviser briefed on investment and progress being made on SEZs
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Malaysia seeks investment avenues in Pakistan
Envoy says CPEC provides opportunities for businessmen to penetrate market
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Three local firms to invest in Australian mill
Thal Industries, Almoiz Industries, Naubahar Botteling will inject AUD35m into the sugar mill
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Zaidi assures businessmen of addressing concerns
Committee will be constituted to resolve problems of businessmen
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Traders call off strike
They gave the strike call under the umbrella of All Karachi Tajir Ittehad
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Govt aims to strengthen agriculture
The government is making all-out efforts to strengthen the agriculture sector
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Rupee weakens against dollar
The IMF has asked Pakistan to end state control of the rupee and let the currency move freely
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APTMA urges govt to resolve industry’s issues
Demands removal of unjustified arrears from consumer gas bills
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US concerned over North Koreans ‘working’ on CPEC projects
A UNSC Resolution, 2375 (2017) bars member countries from hiring North Korean nationals
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After slow growth, bank deposits surge 7.43% in June 2019
Gain comes mainly due to legalising of black money under tax amnesty scheme
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Pakistan to further increase power tariff in Aug: IMF
Report states country bound to implement FATF action plan in three months as part of $6b loan conditions
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IMF assesses Pakistan’s financing need at $25.5b
Asian Development Bank announces $10b in financing from 2020 to 2024
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Axe falls on 18,000 Deutsche Bank jobs in $8.3b reinvention
Bank says it will scrap global equities operations and cut some in fixed income
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British Airways faces record $230m fine over data theft
Data of 500,000 customers was stolen from its website last year
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Oil steadies as demand concern counters Middle East tensions
US-China trade war has dampened prospects for global economic growth and oil demand
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Market watch: KSE-100 loses nearly 450 points on investor concerns
Benchmark index decreases 1.31% to settle at 33,742.68
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British Airways fined £183m over theft of passenger data
The stolen data comprised customer names, postal addresses, email addresses and credit card information
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Businessmen flay hike in cost of essentials
Tribal industrialists urge govt to reconsider the decision to eliminate tax-free zone
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Rice exports stagnant as traders unable to meet SPS conditions
Export potential is much higher provided adequate facilities are given, infestation is checked
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Pakistan fails to fully utilise human capital, technology
Country’s per hour productivity has marginally improved from 1970 to 2015
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Rupee volatility, lack of investor confidence impede FDI inflows
Currency depreciation can attract foreign investors if they benefit from cheaper production costs
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Solar - the untapped potential in Pakistan
It can make use of available solar energy for improving socio-economic conditions
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Trade war: US, China to restart talks next week
US and Chinese officials are working to schedule top-level trade talks by telephone next week
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Sustainable growth: official for export-boosting policies
There is a need for developing policies to boost exports instead of borrowing funds from the State Bank of Pakistan