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Sugar prices to remain high on fall in production
Leading manufacturer says decline in new stock, increase in production cost will affect rates
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Pakistan takes steps to boost bamboo production
Decides to become full member of global body to balance out India's role
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New goods clearance system launched
Scheme will help slash clearance time, facilitate trade, improve supply chain
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Govt misses tax reform targets
In last 2.5 years, out of 10 promised targets, only one has been fully achieved
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Oil hits highest in a year on growth hopes, OPEC+ cuts
Vaccine rollout fuels hopes of easing of lockdowns, boosting oil demand
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Minister sets ball rolling to fix NFC award mechanism
Fehmida says fruits of 18th Amendment have failed to reach people
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OGRA jacks up RLNG prices
There is a $0.8883-per-mmbtu increase in the sale price of imported RLNG
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Pakistan, Uzbekistan to negotiate PTA
Dawood says a trans-Afghan railway project was also discussed in a well-attended conference
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Rupee strengthens against dollar
The rupee strengthened against the US dollar at Rs159.98 in the inter-bank market
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SBP reserves rise $33m to $13b
Central bank cites no reason for increase
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CCOE refuses to endorse IPP deal in haste
Members say they were not sent summary for review, asked for time to examine document
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President Alvi calls for promoting innovation
Says it is fastest way for Pakistan to become knowledge economy
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Power consumers may face Rs1.95 per unit hike
NEPRA reserves judgement on petition seeking to apply uniform tariff
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Each Pakistani now owes Rs175,000
Fiscal Policy Statement shows per person burden increased Rs21,311 in one year
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‘Diamer-Bhasha dam to change fortune’
WAPDA chief says confidence-building measures in project area will alleviate poverty
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Volkswagen demands boost to Europe chip sector
Global semiconductor shortage has highlighted dependence on foreign players
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BoE cuts growth outlook despite vaccine rollout
Slashes 2021 gross domestic product growth forecast to 5% from 7.25%
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Retail sector adopting technology
Aims to modernise back-end operations and manufacturing, warehousing processes
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Market watch: KSE-100 ends marginally down amid sell-off
Benchmark index falls 27.84 points to settle at 46,905.79
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Oil gains on continued OPEC+ output cuts, US stocks draw
OPEC expects output reduction to keep market in deficit throughout 2021
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Foreign exchange: SBP reserves rise $33m to $13b
Central bank cites no reason for increase
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Saudi Arabia, UAE retain $2b financial support
Development seen as thaw in ties with two key Gulf nations
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Cotton production drops 34% in FY21
Govt’s negligence towards major cash crop has heavily affected country’s economy
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Sugar mills pay 80% more in taxes: FBR tells PM
Imran Khan expresses displeasure over delay in undoing amendment in FBR rules
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Ant Group agrees on restructuring
The plan calls for putting all of Ant’s businesses into financial holding company, including its technology offerings
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Rupee weakens against dollar
The rupee weakened against the US dollar at Rs160.19 in the inter-bank market
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ECC removes Mari’s dividend cap
Move aimed at selling 18.4% stake in company
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Private firms setting up LNG terminals seek waivers
Have sought guarantees and exemption from regulatory approvals
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Ministries seek time to remove hurdles in CPEC
Federal and provincial bureaucracy unable to meet expectations of political leadership
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German firms urged to invest in IT sector
Minister says current environment conducive for investment
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Government to provide subsidy on cotton seed
Strives to enhance cotton harvest that has remained low for years
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Steel company to install solar power project
Scheme is expected to steer green revolution in steel sector
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Tourism attracts hefty investment
Overseas Pakistanis pour capital into G-B to capitalise on lucrative opportunities
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Oil prices near 1-year highs after stocks draw, supply deficit forecast
Democrats’ advance toward Biden’s proposed $1.9tr coronavirus plan bolsters market
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Market watch: Stocks extend gains, end just shy of 47,000
Benchmark KSE-100 index rises 353.29 points to settle at 46,933.63
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OGDC finds new hydrocarbon deposits
OGDCL announced the discovery of gas and condensate in its exploratory well Sail-I in Hyderabad district of Sindh
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Rupee strengthens against dollar
The rupee strengthened against the US dollar at Rs160.15 in the inter-bank market
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Turkmenistan keen to explore new trade avenues
Ambassador says they can provide electricity to Pakistan at half its current cost
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Sindh protests against electricity policy
Says final draft of National Electricity Policy 2021 ignores its recommendations
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Cement sales jump 16% in Jan
Stand at 4.73m tons against 4.07m tons in January 2020
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UK firms ready to deepen trade
Envoy says modest number of UK companies already operating in Pakistan
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Budget deficit jumps to Rs1.4tr
Debt servicing rises 15% in six-month period on back of increased borrowing
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Senate panel for moving NTDC HQ to Islamabad
Also discusses allocations for power sector under PSDP
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SEPA displeased at flouting of green laws
Fixes separate hearings for car and cement manufacturers
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Study on oil marketing companies’ margins faces delay
OGRA, Planning Commission refuse to bear cost
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Oil prices extend rally as producers restrain output
Both major crude oil contracts rose more than 2%
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Market watch: Bulls take control as KSE-100 rises 332 points
Benchmark index increases 0.72% to settle at 46,580.34
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Rupee weakens against dollar
The rupee weakened against the US dollar at Rs160.22 in the inter-bank market
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CDWP approves two projects worth Rs11.6b
Gave concept clearance to two other proposals
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Pensioners asked to get biometric verification
Move aimed at identifying ghost accounts to plug leakages in expenditure