Business

Benchmark KSE-100 index falls 647.89 points to settle at 43,829.35

Average prices of export goods have declined, which has deepened payment crisis

Despite positive steps, motivation for implementation of tobacco control measures may be waning

Restrictions will break export growth momentum, send negative signal to foreign buyers

Challenges related to real, external economy will persist throughout fiscal year 2021-22

TSMC has been concerned about the concentration of chip-making capability in Taiwan

Volume production at the plant would amount to about 5,000

Britain wants comprehensive agreement that breaks down trade barriers

ICCI president says Pakistanis in Italy sent record high remittances

Say economic policies cannot deliver results without private sector participation

Allocates Rs2b for project that will be completed in 6-8 months

Three existing industrial estates have insufficient space for new factories

Analyst terms early expansion plans threat to industry

Investors fear rising fuel cost can drive up inflation, erode profit margins

Georgieva accused of manipulating data in favour of China while working at World Bank

LNG import terminals, to be built in 12-15 months, will help cope with gas crisis

Weak macroeconomic cues, rupee depreciation dent confidence of market players

IMF asks Pakistan to withdraw Rs300b sales tax exemptions

Minister sees huge growth potential in sports goods industry

Say it will bring export-oriented sector to a standstill

Amount of Rs30.4b will be recovered from consumers under fuel cost adjustment

Page contains information about ‘Mera Pakistan Mera Ghar’ scheme

Insists final GDP growth for FY21 will exceed provisional figure of nearly 4%

Increase comes due to use of formal channels, curbs on Hundi/ Hawala

The SBP let the rupee depreciate massively in the inter-bank market after finalisation of an agreement with the IMF

Move aimed at achieving production of 30 million tons of the commodity

Aims to lock $800m investment and open market for private sector

Benchmark KSE-100 index sheds 108.81 points to settle at 44,477.24

Energy markets tighten in face of improved fuel demand as economic activity rebounds

ECC forms body that will review monthly projections for export of perishables

Each country must determine appropriate timing, pace of fiscal consolidation based on its circumstances: IMF

Govt announced Rs5,000 per 40 kg cotton support price, cotton growers getting better cotton prices

Rupee has maintained its downturn since hitting a 22-month high of Rs152.27 in May 2021

PM adviser welcomes investment, saying govt policy bearing fruit

Says inflation will edge up due to expected increase in power tariffs

Agriculture committee reviews production plan for Rabi season crops

Offload their holdings following return of volatility to rupee-dollar exchange rate

Scheme aimed at enhancing trade with Central Asian republics

Seeks recommendations for solution of issues faced by less developed areas

Overall liquid foreign currency reserves held by the country stood at $25,999.9 million

PCJCCI chief says industry will see Chinese-style reforms after investment

It is aimed at image building, improving country’s position during GSP Plus review

Central bank gives no reason for the drop

Benchmark index rises 0.48% to settle at 44,586.05

FAO predicts record global cereal production in 2021, but consumption will outpace it

Goldman Sachs says release of reserves only poses $3 downside risk to Brent crude price

US crude inventories rose by 2.3 million barrels last week

Hopes it will boost transparency in foreign currency transactions by exchange companies

Chairman suggests instead of shutting down, power plants should be rehabilitated

Sharp increase in trade deficit drives decline in currency