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FATF review - legal system upgraded
Pakistan has taken steps to avoid black list but these should be expressed aggressively
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Stabilisation measures and politics
In current political scenario, timing of stabilisation steps is vital
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Let consumers, farmers decide
Wheat crisis brewing as evident from recent price hike and shortage of commodity
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Uptick Airbus ramps up deliveries in Sept
Boeing this week cut its long-term demand forecasts for the first time in more than ten years
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Delayed aid Aviation contractors axe jobs
Companies in the aviation sector were granted funds to cover six months of their payroll
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Importers decry ‘high’ terminal handling charges
Write letter to maritime affairs ministry, asking it to resolve matter
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Imports fail to bring down prices of sugar, wheat
Traders cite rise in international prices as reason behind higher rates
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FASTER-Plus launched for speedy refund release
Upgraded system will ensure no refund claim remains stuck
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K-Electric opposes end to its rights
Company CEO says move will deal blow to privatisation programme, other investment
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Govt unveils new forex rules
Bars account holders from depositing currencies purchased from markets
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Microsoft to let staff work from home permanently
Report says company doesn’t expect to reopen US offices until January
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Automation of refund system sought
Business body says responsibility should rest with SBP for reducing complaints
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Businessmen demand cut in duties on paper
Say tax reduction will help provide textbooks to students at cheaper rates
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Contract extension request rejected
Law minister opposes extension in contract of Neelum-Jhelum Company CEO
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Turkish business groups call for Saudi action to resolve trade problems
The statement comes after head of Kingdom's chambers of commerce called for a boycott of Turkish products
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Pakistan Cables' e-store wins award
The awards was hosted by the FPCCI in recognition of praiseworthy contributions to development of different sectors
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Govt urged to allow duty-free import
The ICCI chief called on the government to allow duty-free import of furniture machinery
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Textile mills demand increase in duty drawback
Stress need for changing rules, simplifying tax laws for industries
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Pakistan in one of the best solar zones
AEDB CEO says solar energy can lower basket price of electricity for consumers
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Exporters irked by 800% hike in phyto-certificate fee
Say sudden fee increase is unbearable for fruit, vegetable traders
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US energy firms asked to invest
Pakistan seeks capital injection into oil and gas exploration blocks
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PESCO facing acute staff shortage
Senate panel told company’s 50% employees have retired
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PGPL to build LNG terminal by Dec 2021
It is company’s second terminal; first one has capacity of 750 mmcfd
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OGDC looks forward to new board
Ministry insists board will be free of political appointees, representatives of service companies
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SBP reliance on loans more than doubles
Borrowing increased to keep foreign currency reserves at higher levels
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Week-on-week" SPI increases 1.24%
The SPI for the combined income group rose 11.28% compared to the corresponding week of previous year
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Inter-bank market: Rupee weakens against dollar
The rupee weakened against the dollar at Rs163.83 in the inter-bank market
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Market watch: Bull-run enters fourth day with 445-point gain
Benchmark KSE-100 index advances 1.1% to settle at 40,798.43
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Oil prices head for 10% weekly jump
Support comes from supply cuts in the Gulf of Mexico, offshore workers’ strike in Norway
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Govt to go for restructure, reform in IRSA
Decides to remove federal member over telemetry system failure
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Inter-bank market: Rupee strengthens against dollar
The rupee strengthened against the dollar at Rs163.72
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Officials stress removing anomalies in tariff structure
Tariff Policy Board members say it will reduce cost of doing business
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Importers express concern over income tax rate
Official says FBR committee had allowed paying 2% tax on imported raw material
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SBP reserves fall $205m to $12.15b
Decrease comes on account of SBP’s external debt repayment
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Govt introduces Islamic certificates
Non-resident and resident Pakistanis can invest in foreign currencies and rupee-denominations
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IMF seeks hike in power prices
Also asks for additional revenue measures to revive programme
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‘Ending lockdowns no guarantee of quick rebound’
IMF says voluntary social distancing also played large role in economic impact
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PM Imran prioritises ease of doing business
Industrialists meet prime minister, discuss issues plaguing business community
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Aid sought for women-led businesses
Experts suggest assessing impact of pandemic on women-led ventures
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Foreign exchange: SBP reserves fall $205m to $12.15b
Decrease comes on account of SBP’s external debt repayment
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Market watch: KSE-100 powers past 40,000-mark in bullish trade
Benchmark index gains 503.66 points to settle at 40,353.62
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World Bank forecasts 0.5% growth rate
Report says pandemic compounded Pakistan’s economic woes
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Global market: Oil falls 3% on US stimulus impasse
Global market Oil falls 3% on US stimulus impasse
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Inter-bank market: Rupee strengthens against dollar
The rupee strengthened against the dollar at Rs163.97
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Realty sector panics over two recent SROs
Stakeholders see possible decline in coming days; property prices may spiral downwards
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Agha Steel attracts Rs3.8b through IPO
Company sold 90m shares to institutional, high net-worth individuals
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SBP encourages banks to extend mortgage financing
Offers incentive to financial institutions who meet quarterly target of extending housing loans
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Govt to close its accounts in banks
Will transfer deposits to centralised account at State Bank of Pakistan
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ECC allows wheat import from Russia
Forms committee for negotiating wheat price with Moscow for more imports
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Experts call for energy management
Say it will help meet emerging challenges in energy sector