Business

Official says Pakistan has situation conducive for introducing electric vehicles

Metal becomes expensive following rise in world market that hit six-year high

Will support productivity by improving irrigation

Adviser says govt wants Chinese companies to form joint ventures

Finance ministry says govt committed to timely completion of action plan

Benchmark index increases 0.37% to settle at 35,125.25

Effectiveness of this move may be minimised as data has not been transformed to actionable information

Prices continue to spike on back of growing tensions in Middle East after Iran shot down US drone

Dawood expressed hope that balance quota for sugar export to China would be utilised to improve balance of trade

Brent crude, the global benchmark, was up $1.40 at $63.22 a barrel at 1035 GMT

The central bank said it will continue to closely monitor the situation

. The consumption of electricity by economic groups reveals that the domestic sector has been the largest user

Say it will discourage production, counter govt’s policy of boosting cotton trade

Companies will invest $13.6m over a period of three years

Will launch crackdown against people who have undeclared assets on July 1

Recommends fixing of exchange rate at Rs151 to a dollar, interest rate at 9%

Says final agreement reflects concessions that Pakistan won in negotiations

Govt gives 9 months to prize bond holders to convert their saving instruments

Benchmark index rises 0.98% to settle at 34,995.91

RTGS dollar has plunged 60% against US dollar since its introduction in Feb

Expectations of Fed slashing interest rates, drop in US crude stocks also lend support

It will be second such issue, help pay partial dues of power producers

Authorities decide to discontinue Rs3 per unit electricity subsidy for local industries

Dawood was of the view that workers of the furniture industry had great skills and potential and if used properly

he federal minister asked the representatives of the provinces to apprise about the current stock situation

The IMF has asked Pakistan to end state control of the rupee

Dawood apprised the delegation about the incentives provided by the Auto Development Policy

Official says volumes likely to double after FTA phase-II as 313 items are included

Calls for reversing decision that allows PSO import of petrol and LSFO

Plans to frame joint strategy for removing budget anomalies

Also imposes tax on educational institutions, hospitals and fitness centres

Decline comes on back of reduction in imports, growth in remittance inflows

Senate panel recommends hike in income tax exemption ceiling, rejects 17% sales tax

Benchmark index falls 25.6 points to settle at 34,656.12

After weeks of swelling, US crude stocks fall by 812,000 barrels last week

Plans to cut rates later this year due to investors' expectations and US president's demand

Real income gains of the project in Pakistan, Kyrgyz Republic and Thailand could be above eight per cent

The chairman offered to attract Chinese expertise and investment in fisheries sector

Major products categorised under fat filled milk category in Pakistan include tea whiteners and fortified milk

The IMF has asked Pakistan to end state control of the rupee and let the currency move freely to find its equilibrium

Insists business community should work for enhancing trade volumes

Committee’s response comes as government fails to satisfy concerns of legislators

Stresses need for removing trade barriers between two sides

Suggests three-year imprisonment and Rs0.5-million fine

PBC CEO says drop comes in wake of unwelcome environment for investors

Gap calculated at $29.2b in 11 months solely due to import compression

Govt having already increased gas prices by up to 143% during ongoing financial year

Less than 250 people have so far opted for the scheme by paying around Rs450m

Benchmark KSE-100 index falls 1.4% to settle at 34,681.72

Draghi states further monetary policy changes may be needed by ECB