Business

Benchmark index loses 0.9% to settle at 42,447 points

Sell shares worth $42m in July; cement, OMCs see outflow

Research suggests strategy for making higher value-added export goods

Advises further rupee devaluation of 8%, 200bps increase in key interest rate

Cuts its debt grade for the second time in 4 months

Successful talks, negotiations and due diligence result in closure of deal

KSBL Dean Dr Zeeshan briefed the students about the KSBL’s code of conduct

Several representatives from media and social organisations also attended this huge gathering

SBP has maintained that the slide in the rupee’s value is due to supply and demand dynamics of foreign exchange

During the week, average prices of 18 items rose in a selected basket of goods

Says investment policy needs to be formulated to attract inflow

New tax regime designed to increase revenue, control flow of illicit money

'Every Pakistani owes a debt of Rs144,256, which is a cause of huge concern'

Lira resumes weakening on US sanctions threats

Says Pakistani authorities should be given full opportunity to provide necessary materials, reports

Investment drops 45% to $128.1m in July from $233.8m in same month last year

Annual interest of Rs153b is paid on loans taken to deal with debt

Benchmark index increases 1.16% to settle at 42,446.62

POF, a gigantic defence product production complex is showcasing all product ranges at the Savdex Exhibition

The Multilateral Investment Guarantee Agency has issued guarantees worth $66 million

The bank declared a pre-tax profit of Rs7.08 billion for the half year

The rupee strengthened against the dollar at Rs123.3/123.5 in the inter-bank market

The board of directors of Silkbank Limited declared an operating profit of Rs1.729 billion

Financial institution has had bad experience with last two advisers

The gap between gas demand and supply has increased manifold leaving no choice but to resort to load management

Result below expectations even as net sales rise

Qualifies for bootstrapping process in China

Gas utility defends its position, saying domestic consumer  demand has increased

Country’s business community feels the time is right for a bargain

Would still be short of Rs10b to meet capital adequacy ratio despite acquiring Summit Bank

External debt servicing and other official payments cited as reason for decline

Benchmark index decreases 485.76 points to settle at 41,960.80

The currency fell to a fresh low of 70.40 to the dollar on Thursday

Erdogan made repeated calls for Turks to sell their dollars and euros

Pledges to extend full support to the new government, hoping it would prioritise to addressing the resident grievances

The SIMAP chairman requests the director general to upgrade the laboratory apparatus

Following reports that China had agreed to immediately lend $2 billion to Pakistan, the rupee appreciated

High sales, lower tax rate contribute to increase in profit

It earns significantly lower income from associated firms

Earnings posted by Attock Refinery dip 81%, while Attock Petroleum’s jump 7%

Will also set up a small hydroelectric power project at the dam

Trade centre aims at promote joint business activities between China and Pakistan

APG calls for giving offence monitoring powers to SECP, NAB

It will present case to incoming govt for reversing decision on EDB shutdown

Negotiations continued for three years before reaching the deal

It was largely due to last govt’s expansionary fiscal policies and failure to reform tax administration

Wide-range of mango delicacies such as milk-shake, lassi, ice cream, salad served, made of fresh Pakistani mangoes

Benchmark index decreases 191 points to settle at 42,446.56

Incoming govt will face daunting task of paying billions in capacity charges

Bilateral relations plummet sending Turkish lira into free fall against dollar