Business

Benchmark index gains 596.45 points to settle at 41,665.27

Vaccine optimism lifted both crude contracts by around 27% in Nov

Price of other products including petrol, kerosene oil and light diesel oil (LDO) have been kept unchanged

Rs10.5 million shares were bought by foreign corporates

The rupee strengthened against the US dollar at Rs159.42

Investors will have more liquidity as FBR agrees on once a year collection

Secretary lauds achievements of IT sector

Reveals work on industrial zones to be completed in Q1 of 2021

Petroleum Division discusses pricing mechanism for local gas and LNG with provincial ministers

Both sides resolve to meet revised deadlines amid slow progress on most schemes

Rise driven by rupee appreciation, economic policies for combating Covid-19

Baqir says changes will make operations of Banking Services Corp smoother

Digital channels termed vital for laying foundation of Digital Pakistan

Achievement seen due to better performance of Pakistan Customs

Estimates show largest online sales with spending between $10.8b and $12.7b

Benchmark KSE-100 index gains 261.73 points to settle at 41,068.82

OPEC+ will consider extending existing cuts for 3-4 months or increasing output from January

Prospects of deep and liquid market seem to be bright with more buyers, terminals

Low per-capita wheat, sugar output and mismanagement behind food crisis

FDI in emerging markets has decreased, but lack of political stability has cost country more

Businesses evading taxes should come under immediate FBR radar for tax collection

While public debt is important, the country must not be lost in these numbers

The ECB is due to unveil its new projections on December 10

Overall, 58% of Americans said in a Gallup poll that ended on November 1 that they would get vaccinated

The bank’s senior management aims to present the plan to the board in the coming weeks

Envoy says both countries should make visa process easier to facilitate businessmen

Emphasises it will help avert agriculture crisis in country

Envoy will arrange meeting between investors of two sides to discuss matter

Problems arise in transporting wheat from govt warehouses to flour mills

Project to be executed through special company that will supply gas to Punjab

Unwanted jets have become emblem of pandemic-induced problems in aerospace industry

Move triggers spike in British gas prices as plant is key supplier to Britain

Small and medium enterprises, women entrepreneurs will benefit from collaboration

Businessmen praised for contributing to public welfare projects

Companies accused of failing to recall 1.6m vehicles for engine issues

KSE-100 index gains 620 points as investor sentiment improves

Finance ministry warns about serious downside risks to the economic outlook due to the second Covid wave

SBP under its Rozgar scheme for protecting businesses has so far approved Rs238.2 billion for 2,958 businesses

The Sensitive Price Indicator (SPI) for the week ended November 26, 2020 registered a decrease of 0.92%

The rupee weakened against the US dollar at Rs159.46 in the inter-bank market

Plans to explore market for joint ventures and investment

Discovery has opened new avenue, will add to hydrocarbon reserves

Tobacco industry seeks govt action against illegal manufacturers

NA deputy speaker emphasises revival of economy govt's top priority

Rise comes as credit demand picks up with economic recovery

PM task force member says it will bridge digital divide, promote digital trade

Petroleum Division presents different proposals to ECC for circular debt reduction

Fresh $300m assistance takes total policy lending to $900m in past five months

Benchmark index drops 223.94 points to settle at 40,807.09

Crude benchmarks are up about 7% over week following encouraging vaccine news