Business

In first nine months of FY19, total debt and liabilities went up Rs6tr

Both units of CPHGC are now providing electricity to national grid

Funds worth Rs25-30 billion are expected to stabilise stock market

Council also approves national development outlay of Rs1.837tr for 2019-20

Warning is the latest salvo in the US-China trade war

OPEC output cuts and political tensions in Middle East, however, offer some support

Naqvi was being held in London on charges of defrauding investors

Benchmark index rises 1,010.15 points to settle at 35,959.43

Says it will cause damage to local auto parts manufacturing industry

It will lead to capital flight and dent country’s exports

Investors remain concerned that the trade war between the United States and China

Razak Dawood terms Pakistan best place for foreign investment

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

Says it will deplete company’s cash flow; asks government to bear the cost

Meeting deliberates over doing business with China, UAE in Yuan, dirham

Increase comes on account of fuel cost adjustment for April 2019

Reason behind the rise is said to be soaring international fuel prices, dollar

Foreign investors' equity will continue to increase and may even reach 100%

OGRA to forward summary on May 30, new prices to take effect from June 1

Memorandum of Cooperation signed between three countries to develop East Terminal of the Colombo port

Company is aiming to file an application in Hong Kong as early as the second half of 2019

Investors remain concerned that trade war can dent fuel consumption

His resignation has been accepted by board of directors with immediate effect

Investors opt to book profits after phenomenal rally in past week

KSE-100 index inches down 6.44 points to settle at 35,697.37

PAMA DG says it will encourage mixing of low-grade RON with fuel for cars, other vehicles

PRGMEA chief says exporters are already facing hike in raw material prices due to rupee fall

Power Division insists Rs118-billion amount should not be collected from distribution companies

Regulation in Pakistan simply means bureaucratic hurdles, excessive paperwork and creating a culture of frustration

Officials suggest an asset declaration scheme should also be presented to the provincial governments

Also proposes reduction in WHT on imported mobile phones

Shares in both companies jumped more than 10% on Monday

Supply cuts have helped Brent crude rise by 29% this year

Currency has recovered a total of Rs2.21 in past three days to Rs149.74 to the greenback

Latest monetary policy has tipped balance in favour of fixed-income investment

Consul general believes exports to China will jump $3-4b in next few years

Despite decline, it is still the largest contributor to emploement in Pakistan

ITC reports $12.2b untapped export potential; imports will increase once growth recovers

Rupee-dollar exchange rate cannot be controlled for a long time

Govt faces resistance over its plans to withdraw sales tax and income tax exemptions being availed by industrialists

Refineries ask govt to allow them dirty fuel production for motorcycles

Says it will reduce cost, make the sector more competitive

Move is aimed at facilitating export-oriented industries

Fertiliser industry says GST refund on urea has reached Rs21.18b

Investors resumed stock buying at attractive valuations following clarity on different issues

Comprehensive five-year textile policy to be rolled out in next eight weeks

Govt includes 300 new schemes worth Rs1.54tr while following in the footsteps of its predecessor

Hafeez Shaikh shares economic roadmap in Islamabad press briefing

Launches strategy focused on creating average of 1.20m new jobs annually over next five years

Amount seems insufficient due to inclusion of more schemes in CPEC portfolio