Business

Huge 10m-barrel decline in US crude inventories supports prices

Benchmark index falls 292.08 points to settle at 46,166.05

Central bank cites no reason for decrease

PTA has issued directives to the cellular mobile operators (CMOs) to improve network coverage

The rupee strengthened against the US dollar at Rs160.54 in the inter-bank market

Says it is imperative to increase cotton output for economic development

Saves $1b in revenue from export of Basmati rice to European Union

Eyes Pakistan’s dairy sector to help enhance farm income

Aims to reduce country’s heavy reliance on import of energy

Initiative will support Pakistan’s efforts to deal with economic, social challenges

Significant fall in net sales drives decline in earnings

Reserves judgement on petition seeking tariff hike of Rs1.81 per unit for Dec 2020

Reports earnings of Rs751.8m in quarter ended Dec 31, 2020

Petroleum Division suggests setting rates comparable with other ports in region

Benchmark KSE-100 index gains 170.75 points to settle at 46,458.13

In focus will be results of US Federal Reserve’s two-day policy meeting

Cabinet body warns them of facing the music if irritants not removed in a week

Government would establish industries to reap its benefit

The rupee strengthened against the US dollar at Rs160.6 in the inter-bank market

Talks between two sides are scheduled for January 31

Says govt move to cut gas supplies has jeopardised investment, expansion plans

Minister says Pakistan will start mobile phone assembly soon

Set up first-of-its-kind platform to collect, release data on agricultural, industrial cooperation

Finance ministry sees economic revival but with possibility of slower activities

Approves plan to support production of electric vehicle batteries

Minister considers it necessary for success of electric transport in country

Industries obtain stay from SHC on audit of plants’ energy efficiency

Benchmark index advances 0.43% to settle at 46,287.38

Prices tick up alongside European shares, after Saudi blast reports

Dollar value rose to its highest this week and strengthened by 1.6% in past three weeks

Issue of Islamic bonds to be backed by $5.8 billion Fatima Jinnah Park as collateral

A task force of the executive committee of Pak-Afghan PFG has stressed need for facilitating traders at Chaman border

Pakistan’s hand-woven carpets have a unique identity across the world

The rupee weakened against the US dollar at Rs160.8 in the inter-bank market

Directs industries ministry to pass on benefit of reduced prices of edible oil to consumers

Expert says $5b worth of imports in Dec should be cause for concern

Industrialists voice concern over govt’s decision to cut gas supply for captive power generation

Aims to attract viable suppliers for LNG import at competitive rates

Washington-based lender may approve new partnership strategy by May this year

Also endorses concept clearance proposal under JICA

Report reveals 8.8% of global working hours were lost last year

Under Telecom Act, offenders can be penalised or punished

It is Pakistan’s first instant payment system that enables end-to-end fund transfer

Benchmark index advances 219.60 points to settle at 46,087.64

Indonesian coast guard seized two vessels over suspected illegal fuel transfers

The higher education sector funding increased only Rs8 billion in past 10 years

While taking construction and housing initiative, it is imperative climate factor is aptly assessed

Under this system, consumer has choice of procuring or generating his own electricity

Reforms should be reviewed to see whether they will address challenges or aggravate them

Despite attempts to create robust local economy, city’s infrastructure is dilapidated