Business

Asia Petroleum Limited seeks payment to cover shortfall in furnace oil supply

Move comes due to provincial government’s failure to approve a spatial strategy

Hammad Azhar urges businessmen to submit relevant proposals

Average prices of 22 items rose in a selected basket of goods

Economic situation would get better once the ease of doing business improved in the country

Textile Division submits summary, business plan to Prime Minister’s Office

Prime minister to perform groundbreaking of the project in April

This comes despite fall in global commodity market

Says Pakistan, Malaysia should work jointly to tap the potential

Pakistan, Malaysia PMs hold wide-ranging talks

Experts say latest depreciation is in line with expectations

Decline in inflows highlights govt’s inability to remove bottlenecks

Benchmark index increases 147.15 points to settle at 38,531.87

US president expects to keep 25% tariff on European light trucks

Prices, however, find support from OPEC-led supply cuts, US sanctions

The Ministry of Finance has completed all procedural formalities with the Chinese counterpart for the facility

Chinese truckmaker introduces six new models with Euro-3 engine technology, LPG fuel option

Textile sector would assist in surpassing the overall export target of $25 billion by the end of current fiscal year

Bank representatives will discuss credit flow during sowing season

Number of ATMs dropped by 17,800 quarter-on-quarter by the end of 2018

Online marketplace sets up logistics firm to facilitate sellers, boost deliveries

ECC likely to approve additional import of 200 mmcfd from Qatar

Businessmen see dividends for all stakeholders

Early harvest projects are expected to be completed in current calendar year

Malaysian PM arrives to red carpet welcome in Islamabad

Clearance comes amid difficulties in arranging funds for new schemes due to paucity of resources

A total of 480 schemes had been initiated out of which 110 are still incomplete

Increase comes on the back of inflows from UAE

Benchmark index decreases 163.04 points to settle at 38,384.72

Crude prices have risen by almost a third since the start of 2019 due to OPEC-led supply cuts

IMF team appreciated PRA’s efforts in promoting ease of doing business

The envoy shared that the current portfolio of financial assistance amounted to €800-900 million

Cumulatively, the rupee has lost 31.8% of its value in the last 13 months

Gas utility’s board gives additional charge of MD to Mahmood Ahmad Zia

Will provide advisory facility for privatisation transactions of two power plants

Aims to encourage inflows through legal channels to combat money laundering

Official urges govt to adopt wholesale-retail mechanism to increase efficiency of sector

Commerce adviser says govt has finalised policy for value addition of sector

Govt employs Dagha to tackle fiscal challenges, negotiate with IMF

Also freezes, in principle, payments worth Rs96b that PIA owes to CAA

The ruling will be in effect till both companies meet the legal requirements of Sindh Transport Authority

DIG hosts Global Investment Opportunities Summit

FCCI chief calls for appointing Pakistan consul general in New York

Speakers stress inter-departmental coordination to avoid double taxation

Secretary seeks allocation of Rs15b for flood protection project

Increase comes on the back of expected rise in demand amid low inventory

World Bank says delay in 5G deployment will put off revolutionary leap

Asad Umar believes open, rule-based economy can break elite stranglehold

Finance minister says govt is improving structure to strengthen institutions

Also proposes the setting up of fund for security-related expenses