Business

Move is aimed at boosting foreign currency reserves, easing pressure on international payments

Export of crude from Venezuela goes down due to massive power outage

Benchmark index decreases 27.62 points to settle at 38,896.49

IATA sharply cuts its forecast for air cargo growth this year

Company plans 70 new electric models, lifts sales target to 22m vehicles by 2028

Hands over PMTF to Strategic Plans Division to turn around ailing unit

Reveals five-year strategy to boost economy of the province

Financing will go to expansion of hosiery production, new plant

Decline comes on back of slowdown in economy

Decides to offer better prices to companies operating in risky areas of Balochistan, K-P

Revises prices to reflect the impact of 10% federal excise duty

Overseas Pakistanis send home $14.35b in first eight months of FY19

Offers rewards, as high as 5% of value of confiscated properties, to whistleblowers

Sends a summary requesting formal permission for disciplinary proceedings

Says Pakistan has not done much to uncover layers of secrecy in companies

Benchmark index decreases 26.12 points to settle at 38,924.11

So far, Boeing has been best performer in Dow Jones index, rising 31%

Saudi energy minister says it will be too early to change production curb pact

Ethiopian Airlines jet plunged into an arid field minutes after take-off from Addis Ababa to Nairobi

Govt should provide extensive funds for R&D initiatives; human capital skills must be enhanced

Entrepreneur opens a modern distribution centre, has annual sales of Rs2b

Govt can provide subsidies, like waiving taxes, on kerosene and LPG in these areas

Discussing a host of cost factors including duty cut on raw material import

Adviser addresses Pakistan-Qatar Trade and Investment Conference in Doha

UAE is giving $2b at 3% interest while China to lend $2.1b at 2.5%; inflow will raise SBP reserves to $12b

Adviser admits trade talks are held every day, but has not got any trip plans

The suggestion was made by Faisalabad Chamber of Commerce and Industry (FCCI) Acting President Mian Tanveer Ahmed

FCCI says double taxation is a major hurdle in way of economic growth

Volumes decline 29% while trading value fall 35% in outgoing week

Official says sector has immense potential, can enhance revenue

Power distribution firms find around 44,000 cases of theft in three months

State Bank says funds are expected to arrive shortly

Finance Minister seeks removal of India as co-chair of the Asia-Pacific Joint Group

New clause added to determine of tax

The British parliament is set to vote Tuesday on May’s existing deal

During the week, average prices of 24 items rose in a selected basket of good

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

Event is being organised by the Board of Investment in collaboration with Qatar Finance Centre

But says US will do very well with or without an agreement

Focus on manufacturing LPG cylinders and car batteries

KCCI chief calls for end to arm-twisting by govt officials for personal benefit

Informs Senate there is no load-shedding in domestic, commercial sectors

Work stops as the company’s equipment needs repair

Consumption cost rises due to change in slabs, high pressure factor

Partial closure of airspace on eastern side of Pakistan has led to the situation

Officials unveil adjustments to negative list allowing easier access for foreign firms

Benchmark index decreases 0.88% to settle at 38,950.23

Market takes a hit from remarks European economy is in a period of continued weakness

The draft has now been finalised and notified to appropriate stakeholders

Delegation leaves for Doha to talk additional supply of 200mmcfd