Business

Benchmark KSE-100 index gains 216.37 points to settle at 44,260.11

Losses gather pace after little reaction to central bank’s 2022 policy document

Prices underpinned by force majeure declared by Ecuador, Libya and Nigeria on their oil production

Expansion will enable it to process up to 100,000 barrels of oil per day

Three oil producers declared force majeures this month on part of their oil production

Despite last week’s rebound, it has lost 37% of its value against the US currency so far this year

Demand for the dollar is higher compared to its supply in the wake of an expanding current account deficit

Appointment will enable board to consider, approve SECP’s budget

Says it will generate jobs, improve regional exports

Says urban economy growing at rapid pace

Reveal discrepancy between FBR’s system and Export Policy Order

Cabinet members discuss issue that will ensure efficiency, slash losses and theft

Expats have invested $2.9b; $2b more expected by end of FY22

Appointment will enable board to consider, approve SECP’s annual budget

Benchmark KSE-100 index adds 130.3 points to settle at 44,043.74

Worries about country’s monetary policy weigh on sentiment

Will remove Waqar Masood from Monetary and Fiscal Policies Board, abolish board later

Finance ministry says it will be slightly less than previous month’s reading

Dollar reaches historic high of Rs181.20 in open market

Initiative to accelerate trade with Afghanistan, Central Asian states

Demand for the dollar stood higher

Promises assistance in promotion of trade with Madrid

Minister says govt making efforts to facilitate freelancers

Cabinet body cites court decisions that say contract workers have no right to be regularised

Offtake of other kinds of fertiliser surges

Sector gets boost from RDAs, amnesty schemes, low finance cost

Govt decision comes as industry agrees to pay higher price, allows energy audit

Last week’s rally brought the currency back to mid-November levels

Benchmark KSE-100 index sheds 204.95 points to settle at 43,913.44

Losses capped by hopes Omicron variant will have limited impact on global demand

Hydrogen, Thar coal may help develop viable solution for mill’s revival

High inflation, high unemployment, energy crunch hallmarks of difficult year

Export statistics increase to some extent, still exportable surplus is low

With low literacy and on-job training, country performs poorly in innovation

Deficit will become more alarming if foreign currency reserves take major hit

The S&P 500 closed down 2.3% on November 26 after the variant was discovered, on fears of fresh economic lockdowns

Scheme to promote local products in China, boost bilateral trade

Stakeholders ask govt to ensure availability of gas to urea plants

Segment achieves significant milestones during outgoing calendar year

Economic recovery expected to aid automobile sales volume

Sources reveal platform cannot start functioning by January 1, 2022

Decision came apparently due to disagreement on salary package

State-backed market interventions help currency recover by 50%

CSRC states new regulations reflect Beijing’s desire to open up

Moscow has been piling pressure on Western social media giants

Months of restrictions took a toll on country’s economy

London’s FTSE 100 closed flat, while France’s CAC 40 ended 0.3% lower

During the week under review, average prices of 23 items rose in a selected basket of goods, prices of five items fell

The SBP has injected $1.2 billion into the inter-bank market to defend the rupee

Actions of such departments resulted in production and export losses worth billions of rupees, say officials