Business

Federal Reserve Bank of New York and UBL enter into new Written Agreement

Asks NHA to extend import duty and income tax exemptions to Pakistani firms as well

Move meant to deal with inflation, current account and fiscal deficits

Will approve projects costing Rs709 billion, financially binding future govts

Initiative will reduce Pakistan's dependence on submarine cable for connectivity

Benchmark index rises 395.88 points to settle at 40,271.00

Seek permission to pledge bonds with banks as collateral to take loans

A seminar will be held on “a climate resilient South Asia" on July 15

CPEC, PSDP and private housing schemes cause a surge in demand

The rupee remained stable against the dollar at Rs121.4/121.6 in the inter-bank market on Thursday

To curb unemployment, universities should tutor students in entrepreneurship

A delegation of the Chinese consortium called on Ministry of Railways to discuss the progress on Mainline-1 project

Costing $44m, the cable will minimise risk of disruption to international traffic

SBP says improvement in infrastructure creates opportunities

Accordingly, OGRA has set higher tariff for SNGPL and SSGC consumers

Foreign exchange reserves held by the State Bank of Pakistan (SBP) plunged 3.16% on a weekly basis

Process due to start after July 31

Decrease of 3.16% comes due to external debt and other official payments

Benchmark index rises 288.36 points to settle at 39,875.12

Beijing has said it would hit back against Washington’s escalating tariff measures

Agriculture and livestock, two potential areas of cooperation among others

Since December, the rupee has cumulatively shed close to 13% of its value

Installation of LPG cylinders on motorcycles, scooters and public service vehicles is not allowed for safety concerns

Chairman urges caretaker finance minister to build infrastructure

Analyst also cites hike in vehicle prices, higher interest rate as reasons behind slowdown

Finance ministry claims receiving unprecedented response

Roughly more than 20 million tons of waste is generated each year

According to ECC decision, all future pipeline projects must be approved by cabinet

Says target of 6.2% unlikely to be met; inflation to be higher

Despite currency devaluation, imports near $61b in FY18

Stresses need for immediately restricting expenditures, enforcing revenue mobilisation plan

Foreign ministry spokesperson says Islamabad will devise strategy to get out of difficult situation

Benchmark index finishes 133.95 points higher to settle at 39,586.76

Calls upon the government to take urgent measures to reduce the country’s dependence on borrowing

It is concerning that the water storage capacity of the two dams has depleted significantly, LCCI says

Since December, the rupee has cumulatively shed close to 13% of its value

CEO Danish Lakhani says project to enhance footprint was not without challenges

FCCI suggests separate bank accounts for Bhasha, Munda and Kalabagh dams

Auditors find power utility has suffered Rs350m loss due to the scandal

Production cost rises after 35% surge in international coal prices

IPR report reveals targets listed in manifestos were largely missed

Pakistan falls short by $1b as oil-exporting and producing countries cut back

Issues faced by investors have yet to be addressed; land acquisition process, however, gets under way

Made operational worldwide to facilitate overseas Pakistanis

Board of directors to meet on Wednesday to select new chairman

At close, index finishes with gain of 164.33 points to end at 39,452.81

'This campaign is the first step in the initiative to plant first 10,000 and then a million trees across Pakistan'

NBP employees volunteer enthusiastically and work in conjunction with the medical teams of AMTF

Since December, the rupee has cumulatively shed close to 13% of its value

Caretaker minister says no one being favoured