Business

The foreign exchange reserves held by the central bank increased 0.11%

ECC emphasised that the Sindh government should announce its wheat release policy without further delay

IMF has asked Pakistan to end state control of the rupee

Says virtual buying, selling of sacrificial animals will prevent spike in Covid cases

FPCCI chief stresses need for removing under-invoicing, barriers to trade

Commodity increases despite dip in international market

Finance adviser asks for adopting clear strategy for release of remaining refunds

BOI to help set up solar captive power plant

One scheme will be executed jointly with private sector to improve connectivity

Kristalina Georgieva says govts should keep support programmes in place

Argues it will save foreign exchange worth millions of dollars every year

Experts stress need for steps to tap true potential of sector, especially in Punjab

Benchmark index gains 322.41 points to settle at 37,001.44

Central bank gives no reason for the increase

US President Trump interested in buying PIA-owned hotel in New York

SBP initiated schemes to prevent layoffs

UBL Good Citizen account holders enjoy discounted rate of 9.75% on car loan for Honda vehicles

IT minister says broadband project will create job opportunities, empower women

'Forcing companies to submit data again and again will add to bureaucratic hurdles'

NEPRA constitutes committee to address objections raised in public hearing

Notifies increase for July following fluctuations in global prices

Expresses dissatisfaction over slow pace, less-than-targeted procurement

State Bank of Pakistan tells banks to raise housing loan portfolio to 5% of private sector credit

Fitch expects downtrend to continue due to growing foreign debt, anticipated inflationary pressure

Minister Fakhar Imam discusses building resilience to crisis

'Deepening economic, regulatory challenges can threaten Pakistan's FDI in future'

PTI govt to run PSM on public-private partnership mode

Oil producers’ group is to decide whether to extend output cuts or reduce them

Benchmark index slips 66.19 points to settle at 36,679.03

Rejects demand of SNGPL, SSGC to increase prices

Corporate Corner Soneri Bank, HBL Asset join hands

Cotton crop had been cultivated over 2.457 million hectares against the target of 2.663 million hectares

SBP let the rupee depreciate massively in the inter-bank market after finalisation of an agreement with the IMF

Turkish Airlines will reduce freight charges on shipments from Pakistan

Announcement sparks extensive buying in relevant stocks at PSX

Businessmen will get rebate on property tax, concession on vehicle token tax

Move aimed at encouraging local firms to provide such services in Pakistan

Finance ministry sends summary to finalise board of dormant company

Rise in virus cases forces govts to revert to measures aimed at preventing Covid-19

Revenues strangled as hotel occupancy drops

Expects to cover lion’s share in massive projected demand spike

Says bloc with Hungary and Turkey will remove barriers to investment, help trade

The regulator rejects hefty increase demand of utility companies

Markets keenly awaiting news from OPEC+ about next level of production cuts

Benchmark index gains 126.65 points to settle at 36,745.22

For construction sector PM’s package to boost economy

Inter-bank market Rupee weakens against dollar

Corporate corner Commerce secretary visits TDAP

Contract 53% to 110,583 units in FY20

Under housing programme, industries anticipate recovery of losses