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OGRA increases wellhead gas prices of 23 fields
Highest 35% increase has been made in the wellhead price of Mari field
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Large industries grow just 0.5% as many sectors slow down
LSM data indicates overall economic slowdown in the country
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ECC defers increase in electricity prices
Agreement could not be reached on passing on full impact of theft, bad policies
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Senate panel rejects changes to customs duty rates
Nevertheless, the panel’s decision cannot stop govt from making these changes
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Pakistan, Russia to ink $10 billion offshore pipeline deal
Delegation is leaving for Moscow; project will meet energy needs of SEZs
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Austerity axe falls on CPEC, Gwadar projects
Government cuts 455 projects from PSDP
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Market watch: KSE-100 ends flat, gains just 32 points
Benchmark index edges up 0.08% to settle at 41,036.30
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China says US putting 'knife to its neck', hard to proceed on trade
Beijing accuses Washington of engaging in 'trade bullyism'
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Trade-focused EU team visits Lahore
A high-profile delegation of the European Conservative and Reformists Group of Parliamentarians visited Lahore
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Conference lays stress on value addition
Value addition is just 4% in Pakistan compared to 25% in developed nations
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No rice shipment held at Kenya port
Pakistan supplies more than 4 million tons of rice to nearly 100 countries
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ABL opens Islamic banking window
Aitbaar Islamic Banking has been instrumental in providing products and services for Shariah-compliant banking
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Five stocks replaced on KSE-100
PSX management has reorganised the benchmark KSE 100-share Index
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Rupee stable against dollar
The rupee remained stable against the dollar at Rs124.1/124.3
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Indonesia interested in investing in oil and gas in K-P
Envoy says trade between two countries has increased following free trade agreement
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Crops at risk as more than 50% water shortage feared
Senate body accuses IRSA of unjust water distribution among provinces
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Power generation hits all-time high at 14,017GWh
It is the outcome of higher production by imported gas and coal-fired plants
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Govt hints at partially restoring curbs on non-filers of tax returns
Minister says govt agrees with PML-N’s policy, but wants to further refine the law
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Pakistan among countries at risk of exchange rate crisis
Foreign investors are pulling out of risky markets and returning to the US
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Punjab govt to launch ‘soft loan’ scheme for youth
Repayment of loan (up to Rs3m) will begin one year after its issuance
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Foreign exchange: SBP's reserves dip 3.07%, amount to $9.33b
External debt servicing cited as reason for the decrease
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Market watch: KSE-100 falls 316 points amid cautious trading
Benchmark index decreases 0.76% to settle at 41,004.55
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Oil prices at 4-year high after OPEC rebuffs Trump calls to raise output
US sanctions on Iran will tighten global oil supply; traders say crude could hit $100 in 2019
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China says US trying to force it to submit on trade as new tariffs kick in
Tariffs on $200b worth of Chinese goods go into effect, Beijing retaliates with tariffs on $60b worth of goods
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India says will not scrap French jet deal; opposition demands inquiry
Finance Minister Arun Jaitley said on Sunday that the deal would proceed as planned
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Argentina bets on $600m satellite to boost agriculture
Radar antennae technology will allow prediction of harvest yields, floods and droughts
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Planning Commission’s 5-year plans lack solutions to structural problems
Planning ministry incapable of independently performing monitoring, evaluation and audit functions
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Trade wars - are they good and easy to win?
There could be an opportunity for Pakistan to increase its market share
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Govt needs to take concrete steps to trigger bull run at PSX
Investors keen about short- and long-term plans to tackle current account, fiscal imbalances
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Uber eyes Pakistan as potential market for flying cars
Company is looking to diversify aggressively, also plans to begin food delivery services
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Sindh ropes in $400m Chinese investment
Hyderabad, Chongqing mayors to ink formal agreement in October
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Pakistan will soon ink investment deal with Saudi Arabia: Asad Umer
Finance minister says the quantum and areas of the investment will be decided in the first week of October
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Soneri Bank, MCB-AH sign deal
The signing ceremony was attended by CEOs of both the organisations along with senior executives
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Nokia launches 6.1 plus smartphone
This device presents latest technology, portable design and provides gaming and streaming experience
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Mexico to seek deal with Canada
Canada began negotiating with the US to close a deal on the 24-year-old trade pact
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Canada regulator to reconsider Trans Mountain pipeline to Pacific
Will take into account impact of increased tanker traffic on endangered killer whales
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US optimistic about China trade, but no date set for more talks
Official says US president has made clear his resolve; two sides remain in touch
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'Brexit cannot lead to EU going bust'
Brexit talks with the EU had hit an impasse, British PM says
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Turkish firm to invest $330m in setting up plant in Pakistan
Hayat Kimya will establish a manufacturing unit for hygiene products in Faisalabad
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Government poised to hold bidding for 20 new exploration blocks
Last round of bidding was held by PPP government in 2013
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Import of petroleum products drops 38% in August
It comes following global oil price recovery, less reliance on oil-based power plants
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Swedish, Spanish firms win $330m contract for converter stations
These stations will enable efficient transmission from generation sites to consumption centres
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Economists fear budget deficit may rise beyond Rs2tr
Cast doubt over Rs814b fiscal adjustment announced by the govt
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Incentives for new entrants may hinder auto parts sector
Industry official says concessionary tariffs for import of CKD parts do not make it lucrative for new players
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Emirates, Etihad airlines deny report they may merge
“There is no truth to this rumour,” Emirates spokesperson confirms
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China shrugs off trade war ‘obstacles’
Donald Trump announced another $200 billion worth of goods this week on which to foist levies
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Iran Sanctions: Volkswagen declines to confirm exit
Company had announced in 2017 that it would begin selling its own-brand cars in Iran for the first time in 17 years
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Digitalisation: Pakistan e-commerce witnesses growth
Pakistan’s e-commerce market has been experiencing reasonable growth over the past few years
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CASA-1,000 project: Swiss ABB likely to win contract for converter stations
Likely to clinch a multimillion-dollar contract for establishing converter stations in Pakistan and Tajikistan
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PRGMEA stresses exploring non-conventional markets
Also demands setting up display centres in Dubai and Rotterdam