Business

CCOE fails to reach consensus as SNGPL fears disruption to gas supply

Inflows were 63% higher at $198.3m compared to $121m received last year

Launch of new contract will eliminate need for one-week rollover period

Afghan Commercial Attache in Peshawar says Afghan government has taken pragmatic steps to resolve issues on priority

Benchmark KSE-100 index advances 0.17% to settle at 48,238.67

Prospect of rate hikes weigh on the longer-term growth outlook

Call for rectifying budget anomalies

Rupee strengthens against dollar

Central bank cites no reason for increase

Engro Elengy wants to replace existing FSRU with another one with higher capacity

New taxes on LNG, being used by CNG stations, may lead to rise in gas prices

Says 15-month-old health emergency no longer core constraint on US commerce

Calls EDB for briefing on pricing structure, quality and safety

Oil tumbles 3% from multi-year highs

Blames flawed planning, lack of regulatory oversight on part of govt

FMPAC chairman says stuck refunds have sparked cash flow challenges

Benchmark index sheds 0.67% to settle at 48,157.63

Dollar boasted strongest single day gain in 15 months after Fed signalled to raise interest rates

Central bank cites no reason for increase

The average holding has risen to 300 pounds ($419.58) from 260 pounds

Approves $17m for paying liabilities of Roosevelt hotel in New York

Consumers continue to bear burden of expensive cargoes

Initiatives include investment in green, sustainable agricultural infrastructure

Experts say it will hit low-income segment hard

CCOE expected to give exemption to ease pressure on SNGPL pipeline network

Company sold 72.7m shares to institutional, rich and retail investors at PSX

Benchmark index sheds 0.31% to settle at 48,480.90

Brent has risen 44% this year, supported by OPEC+ supply cuts

“There was huge pressure on the FBR to also exempt the political parties retrospectively”

Rupee weakens against dollar

CCP finds involvement of three leading associations in cartelisation

Also rejects budget proposal to arrest taxpayers on suspicion without warrants

NEPRA chairman displeased by power outages in night in the metropolis

Increase comes on back of lockdown in May last year that restricted economic activity

Estimates revenue collection of Rs1.45tr against expenditures of Rs1.47tr

Sindh govt will install solar tube wells at subsidised cost, promote bio-fertiliser production

Traders say harsh measure is expected to mitigate confidence of taxpayers

Says configuration of 500,000 POS, Rs100b additional collection cannot be done

Benchmark index drops 93.52 points to settle at 48,632.56

Analyst says rapid fall in oil inventories supporting oil prices

Says its demands were not considered in federal budget for fiscal year 2021-22

WTO head seeks to bring down restrictions to move medical goods faster

CEO says authority working to steer ease of doing business to support companies

PRMI and two online platforms will make regulatory environment business friendly

Approval postponed due to failure to meet some conditions, deadlock in IMF talks

Provincial government proposes cut in tax rates for 10 additional services from 16% to 5%

Aims to provide high-speed internet to 2.2m people in areas of Punjab, K-P

Say certain amendments may hurt efforts to generate cash flow

Amendments will help promote ease of doing business

Rupee weakened against the US dollar at Rs156.19 in the inter-bank market on Monday