Business

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

Middle East tensions after last week's tanker attacks cap losses

The loan will provide capital for development across various sectors

KCCI official says govt has been requested to defer legislation for at least three months

Planning minister and Chinese ambassador discuss pace of CPEC projects

Farmers in the province are increasingly turning to latest technological solutions to enhance yields

Tobacco growers urged the government to fulfil its promise of eliminating Rs300 tax

The index for the group stood at 236.88 points against 233.89 points in the previous week

Senate panel objects to declaring trade-based illegal transfer of funds overseas as money laundering

Officials forced to utilise water for Kharif crops instead of conserving it

Currency depreciated to record low of Rs156.96 against dollar

Reza says rupee depreciation, interest rate hike help stabilise economy

Expresses displeasure over proposal for sale of power distribution companies

Chipmakers say Huawei units unlikely to present same security concerns as Chinese tech firm’s 5G

Dr Reza Baqir addresses news conference in Karachi

Benchmark index loses 1.14% to settle at 35,168.82