Business

Index falls 600 points as investors fear another round of nationwide lockdown

UK-based firm to sell stake in beverage can company through IPO

Calls for promoting cultivation, research and development in sector

Plant has generation capacity of 1,263MW, costs $708 million

The move will attract minimum $24.68m of firm work commitment

Pakistan ranks 90th out of 120 countries in Inclusive Internet Index

Loan will address staff and budget issues in education and health sectors

Country records surplus of nearly $1b in nine-month period of current fiscal year

Both crude benchmarks are headed for weekly loss of more than 2%

RAPID report seeks high economic rate for 30 years to reduce debt, create jobs

Minister urged the officials to make all-out efforts to resolve related issues so that the targets could be achieved

The foreign exchange reserves held by the central bank fell 0.38% on a weekly basis

The rupee weakened against the US dollar at Rs153.46 in the inter-bank market

Fears it could trigger shortage of certified wheat seeds for future sowing seasons

Omar Ayub urges officials to identify financing needs to streamline projects

Spike in income from other businesses drives earnings

Petroleum Division says new formula of weighted average gas can rescue oil, gas firms

Earnings comes on back of surge in sales

Also recommends Indicative Generation Capacity Expansion Plan for presentation to cabinet

Increase seen due to shift of industries from own power generators to national grid

Benchmark index sheds 376.93 points to close at 44,929.61

India reported world’s highest daily increase in new coronavirus cases, which raised oil demand concerns

Decrease comes due to external debt repayment

Global vaccine rollout, brightening demand optimism boost prices

Global airlines body predicts industry losses of $47.7 billion in 2021

Tarin lauded the introduction of Roshan Digital Account

The accused were allegedly awarding licences without following due procedures

High commissioner appreciated the efforts of the Rawalpindi Chamber aimed at promoting trade activities

The rupee weakened against the US dollar at Rs153.24 in the inter-bank market

Move aimed at promoting IT industry in Balochistan

Directs NEPRA to complete ongoing projects in province at earliest

Inter-corporate debt currently stands at Rs2.3 trillion

Automated process will help in speedy clearance of containers at ports

It will make project financially viable and attractive for private parties

Payments to IPPs and idle plants due on account of rising capacity charges

Benchmark KSE-100 index sheds 93.24 points to close at 45,306.54

Further battering market, US crude oil and distillate stocks rose in week ended April 16

The rupee weakened against the US dollar at Rs152.98 in the inter-bank market

Dawood says Pakistan is only main exporter with increased apparel supply to America

Digital yuan targets China’s vast retail market of 1.4b people

Users will be able to buy bitcoin, ethereum, litecoin and bitcoin cash for as little as $1

Stakeholders claim retail segment is on verge of collapse

Primerica will acquire 80% of e-TeleQuote for $600 million

Govt likely to pass on losses in fuel transportation to consumers

Hopes flights boost will help turn around airline’s financial performance

Tarin says measures to be taken for effective resource mobilisation, enhancing productivity

Think tank warns borrowing will keep economy in state of low growth

Rising coronavirus cases in Asia limited gains

Benchmark index rises 486.21 points to close at 45,399.78

Microsoft Corporation will invest $1 billion over the next five years in Malaysia