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Look east for commercial diplomacy
With exception of China, most eastern markets are ignored by Pakistan’s trade policy
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Ford to recall 3m vehicles
The National Highway Traffic Safety Administration ordered Ford to issue the recall for driver-side air bag inflators
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Taiwan hopeful about US trade deal
Taiwan has long sought a bilateral trade deal with the United States
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Stakeholders demand swift review of rice standards
Say unreal specifications are causing hardships for rice sector, affecting exports
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Govt to abolish duties on raw material
Commerce adviser says customs duty will also be slashed to make goods more competitive
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Commerce secretary assures industrial sector of all-out efforts
Emphasises need to launch projects under public-private partnership mode
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Govt working to ensure K-Electric stake sale
Has multiple plans in place to complete transfer of shares to Chinese company
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Pakistan to get 5G by 2022-23
It will accelerate download speed 10 times, widen economic activities significantly
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Economic headwinds snap three-week rally
Lack of positive triggers amid monetary policy announcement drag index down
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Tech shares could retake market reins
Earnings reports next week may help stocks surge
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Boeing’s fleet to fly on 100% biofuel by 2030
US company aims to slash carbon emissions in half by 2050 at broader level
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Minister determined to revamp Pakistan Railways
Plans to minimise widening deficit, increase freight sector revenues to Rs36 billion
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OGRA invites firms for CNG licences
Regulator lifts ban on setting up CNG stations, bars them from using natural gas
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SPI increases 0.32%
The Sensitive Price Indicator (SPI) for the week ended January 21, 2021 registered an increase of 0.32%
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Rupee weakens against dollar
The rupee weakened against the US dollar at Rs160.7 in the inter-bank market
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Experts raise alarm over food security amid pandemic
Call for an integrated approach to tackle issue; improvement in quality of agri products
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Dawood hopeful about ICT exports crossing $2b in FY21
Stresses on searching for new markets to further boost exports
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PLL scraps LNG tender for March
Secures one cargo for February at lowest rates in fresh tender from Qatar Petroleum Trading
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Govt to disburse Rs1.7b under DLTL scheme
Finance minister assures leather sector of all possible facilities to lift exports
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World Bank presents partnership framework
Bank Country Head Najy Benhassine says it will focus on four main areas
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PTI govt plans to sell 10 more entities
Privatisation list includes ZTBL, USC and two gas utility companies
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CCOE opposes LNG supply guarantee
Insists imported gas supply should be based on competitive market mechanism
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SBP leaves interest rate on hold
Central bank signals rate will remain unchanged at 7% in next monetary policy as well
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Market watch: Policy rate, tariff concerns pull KSE-100 down
Benchmark index drops 116.42 points to settle at 45,868.04
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Oil down 2% as China Covid-19 cases trigger clampdowns
Global demand can decline in Q1 of 2021 as many regions have re-introduced mobility curbs
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Monetary policy: SBP leaves interest rate unchanged at 7%
Status quo of policy rate is in line with market expectations
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Construction amnesty scheme extended for six more months
Alvi promulgates ordinance, suspending electronic tax assessment of income tax return filers
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Govt raises profit rates on saving certificates
Move aimed at attracting higher investments in government papers
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SBP reserves fall $386m to $13.01b
The foreign exchange reserves held by the central bank fell 2.88% on a weekly basis
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Rupee weakens against dollar
The rupee weakened against the US dollar at Rs160.6 in the inter-bank market
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CCOE bans gas supply to industrial units
Move will divert 150mmcfd of gas to add cheaper electricity to national grid
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ECNEC approves nine schemes worth Rs251b
Clears Pak-China optical fibre cable project for fast communication between two nations
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Pakistan, Mali can work together in agri sector
Pakistan, Mali can work together in agri sector
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Privatisation Commission fails to take sell-off decision
Power Division says it lacks capacity to prepare roadmap for privatisation of DISCOs
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Switzerland encourages Pakistan exports
Swiss envoy says balance of trade between two countries is largely in Bern’s favour
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K-Electric’s new plant to begin production in March-April
Besides gas, plant can be run on alternative fuel - high-speed diesel
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No change expected in interest rate
SBP will announce benchmark interest rate for next two months today
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Market watch: KSE-100 rises in line with global, regional markets
Benchmark index increases 307.52 points to settle at 45,984.46
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Oil dips after unexpected rise in US crude stocks
Rising Covid-19 cases in China also weigh on prices
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Foreign exchange: SBP reserves fall $386m to $13.01b
Decrease comes on back of external debt repayments
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Domestic consumers receive electric shock
Govt jacks up power tariff by Rs1.95; minister blames PML-N govt for leaving behind ‘landmines’ of capacity payments
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Govt allows wheat, sugar import to check prices
ECC sets up a committee to approve second bailout package of $36 million for Roosevelt Hotel
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Businessmen for removing hurdles
Meeting participants identified the bottlenecks in the way of trade between Pakistan and Afghanistan
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Rupee strengthens against dollar
The rupee strengthened against the US dollar at Rs160.5 in the inter-bank market
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Kosovo asks investors to buy its closed units
Envoy-designate says this way they can increase exports to many EU markets
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Industrialists decry ban on gas supply
Urge federal govt to immediately withdraw decision taken by Power Division
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Wind projects may fetch $2b investment
PCJCCI president expresses concern over long-term energy projects
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Current account turns from surplus to deficit
Deficit comes on back of surge in imports to over $5b in December 2020
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Pakistan gets $5.7b in foreign loans
In December alone, government received $1.2 billion worth of loans
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Swedish investors urged to invest in CPEC
FPCCI chief stresses need for deepening bilateral economic, trade ties