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Rupee surges to new 23-month high
Gold price soars to one-month peak at Rs105,500 per tola
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China reluctant to approve $6b ML-I loan
Express concern over Pakistan’s growing debt
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Oil set for weekly gains despite India virus surge
Brent, WTI crude benchmarks are on track for second consecutive weekly gains
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Bureaucrats not underpaid: study
PIDE says civil servants getting huge benefits without proper disclosure
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UK-funded initiative for SMEs launched
Programme will help enhance Pakistan’s trade diversification, integration into global value chains
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Banks to stay open during holidays
Banks to stay open during holidays
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Contract awarded for Tarbela extension project
Power Construction Corp of China got the $354.6m contract
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Government to focus on SME sector
SBP governor, finance minister discuss features of new credit scheme for small businesses
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Rupee shoots to 23-month high
Closes at Rs152.6 against dollar as remittances rise in Ramazan
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State Bank reserves fall $830m to $15.6b
Decrease comes due to payment of $1b worth of commercial loan
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Debt servicing surges to Rs2.1tr
Eats up 82% of govt revenues, prompting steep cut in development budget
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KCCI demands date extension
KCCI president requested the FBR to extend date in larger interest of the revenue board and business community
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Global pharma shares sink
Shares plunged after US President Joe Biden backed a proposed waiver for intellectual property rights
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Sindh allows businesses to operate on Friday, Saturday
All commercial activities in the province will be suspended from Sunday onwards, says minister Nasir Shah
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Oil prices slip despite big US inventory fall
Market weighed down by rising Covid-19 infections in India and elsewhere
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Market watch: KSE-100 rises ahead of long break
Benchmark index gains 231.06 points to close at 45,174.67
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Foreign exchange: SBP reserves fall $830m to $15.6b
Decrease comes due to payment of $1b worth of commercial loan
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Trade deficit widens to $23.8b in 10 months
Growing gap poses challenge to govt that wants to kick-start economy
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Traders threaten to defy lockdown orders
Chaudry called on the government to keep the wheel of the economy running
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LPG sector seeks probe into imports
Calls for setting up commission to investigate windfall gains made by importers
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Pakistan to deepen ties with US
Pakistan and the US enjoy a long-term, broad-based and multi-dimensional relationship
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Oil up 1% as US stocks fall
Brent crude was up $0.8, or 1.2%, at $69.68 a barrel at 1630 GMT
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US encouraged by European signals over aircraft subsidies
Trade representative says resolving issue will be important for future of US-EU ties
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Maersk expects tailwind to last amid high demand
Denmark-based company says not enough ships to meet surge in demand
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President Alvi urges traders to pay taxes
Says govt is working to provide competitive and fair business environment
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ECC mulls action against K-Electric
Reviews possibility of takeover, suspension of additional power supplies
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Atlas Honda prices rise for fourth time in 2021
Bike segment registering strong demand due to drastic cut in financing cost
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In a first, NCCPL releases investor data
Total number of investors stands at 252,322 by end of April 2021
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Market watch: Bulls maintain control, lift KSE-100 upwards
Benchmark index rises 380.02 points to close at 44,943.61
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Oil nears $70 as easing US, Europe lockdowns boost demand outlook
Crude oil prices also got support from a large fall in US inventories
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External debt servicing to stay above $10b next fiscal
Country will also pay $3.8b to external creditors during last quarter of current fiscal
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Explore how NBP Funds offer smart and easy solutions to manage your savings
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IMF bailout package: Tarin rules out new taxes, hike in tariffs
Economic czar unveils plan to spur growth
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Club of 31 families dominate PSX
Boards of KSE-100 companies include people close to these families
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PIA restructuring under discussion
Minister says takeover of liabilities conditional on bringing private management
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PM seeks roadmap for agri development
Gives priority to agriculture, directs farmers should be facilitated more
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‘Central Asia resources need to be explored’
Energy minister expresses satisfaction over progress on TAPI gas pipeline
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India doesn’t name Huawei for 5G trials
Major carriers will conduct trials in urban, rural and semi-urban areas
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S&P Dow Jones launches new crypto indexes
Mainstreams digital currencies by bringing them to trading floors of Wall Street
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Cement sector posts 40% sales growth
Total sales reach 4.94m tons in April 2021 against 3.52m tons in April last year
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Umar stresses need for KCR marketing
Directs railways ministry, PPP Authority to review progress every month
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Oil rises on US, Europe demand growth optimism
Prospect of pick-up in fuel demand offsets concern over India’s Covid-19 situation
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Market watch: Five days of bear-run ends at PSX
Benchmark KSE-100 index surges 487.39 points to close at 44,563.59
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BOI head meets finance minister
He termed improvement in Pakistan’s ranking in the Ease of Doing Business (EODB) Index a major win for BOI
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Rupee strengthens against dollar
rupee strengthened against the US dollar at Rs153.3
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Carpet industry demands remedial measures
Appeals for govt subsidy on high air and sea freight rates
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Profit of companies at PSX jumps 82%
Earnings of 94 firms clock-in at record high of Rs243 billion in Jan-Mar quarter
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Auto parts body demands release of tax refunds
Cautions govt if payments are held back, tractor parts makers will face trouble
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NTDC decides to promote local industry
Aims to encourage manufacturers, suppliers of transformers, cables, etc
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Lahore Orange Line on NAB’s radar
Anti-corruption watchdog questions tax exemptions for $1.6b project