Business

Hydel tariff rate reduced by Rs1.56 per unit compared to tariff for FY18

Reveals consumers have low confidence, reluctant to make investment

Directs finalisation of timeline-based strategy to promote information technology

The rupee weakened against the US dollar at Rs153.65 in the inter-bank market

The primary objective of these revisions is to promote ease of doing business by simplifying instructions

Ismail stressed that industries played a significant role in the stability of the country

US West Texas Intermediate crude for May dropped $1.60, or 2.6%

Benchmark index rises 856.49 points to close at 44,404.70

Market recoups some of the losses caused by rising OPEC+ supply, infections in India and parts of Europe

According to Binance Research the total number of global crypto users grew to 101 million in the third quarter of 2020

Proposed amendments will not scrap parliamentary oversight over central bank

Exports cannot be accelerated without increasing investment in mobile industry

Petrol prices in Pakistan have been lowest in region, while diesel prices have varied

SBP has enough autonomy as compared with many other central banks including in India and Malaysia

Any reforms to reduce inflation without transforming agriculture are not sustainable

Benchmark KSE-100 index dives 752.74 points to settle at 43,548.21

OPEC+ agreed on Thursday to monthly production hikes from May to July

Around 262 PARC employees were terminated on grounds of illegal appointment

Official says it will turn Pakistani products uncompetitive in global market

Speakers lament no implementation of minimum wage law in Pakistan

Stocks battered as fears of lockdown and impact on economy intensify

Cabinet writes-off income tax on over $3b worth loans lent during past one year

Allows banks to extend loans for purchasing imported grain

Government had put release of funds on hold following investigation

Exporters in meeting discussed issues of Pak-Afghan trade

1,300MW clean power will be transmitted from Tajikistan to Pakistan during the summer season

Appoints Finance Minister Hammad Azhar as vice chairman

Board has proposed interim arrangement until hiring of permanent managing director

Records increase of 44% in March due to significant rise in domestic consumption, exports

Officials brief commerce adviser during meeting to review trade trends

Firm sets up heat treatment facility to remove virus from export consignments

Kaiser Bengali says autonomous SBP will have narrow window to spend on development

WAPDA chief says authority is working on eight mega dams to improve water situation

Reduction in tariff to result in estimated saving of Rs182 billion

Reiterates earlier decision of excluding closed industrial giant from CPEC framework

Funding can be utilised to boost green jobs for laid-off workers

State Bank issues instructions for call centre management

Fund warns if unaddressed it could fuel unrest

Presses govt to allow cotton yarn import from India

Expansion comes as exports grow at half the pace of increase in imports in March

Increase comes on back of receipt of $498.7m from IMF

PM aide shares govt vision on trade with Afghanistan, Central Asian Republics

Industry says it will result in quick offloading, loading of cargo

The rupee weakened against the US dollar at Rs153.29 in the inter-bank market

Power rates were 31.5% higher than a year ago and almost all kitchen items recorded a double-digit rise in prices

Benchmark KSE-100 index sheds 127.15 points to settle at 44,300.95

New finance minister says difficult decisions will be taken to consolidate economic stability

NEPRA chief highlights plan to increase renewable energy share to 60%

Expresses concern over tax notices issued to companies which may affect exports

PLL receives bids in range of $6.7 to $6.925 per mmbtu for eight cargoes