Business

Benchmark index gains 503.66 points to settle at 40,353.62

Report says pandemic compounded Pakistan’s economic woes

Global market Oil falls 3% on US stimulus impasse

The rupee strengthened against the dollar at Rs163.97

Stakeholders see possible decline in coming days; property prices may spiral downwards

Company sold 90m shares to institutional, high net-worth individuals

Offers incentive to financial institutions who meet quarterly target of extending housing loans

Will transfer deposits to centralised account at State Bank of Pakistan

Forms committee for negotiating wheat price with Moscow for more imports

Say it will help meet emerging challenges in energy sector

Punjab chairman urges govt to announce a new textile policy to attract fresh investment to the industry

PM aide says govt will revise tariffs for different sectors over 3 years

Discretionary powers for monitoring production may spark de-industrialisation

Benchmark KSE-100 index soars 722.48 points to settle at 39,849.96

Prices dip after Trump ended talks on economic aid package

Global trade will shrink by less than expected but the rebound will also be much weaker than the previous forecast

The sessions are being held under the Letter of Understanding (LoU) signed between the FBR and FDE

The rupee strengthened against the dollar at Rs164.03 in the inter-bank market

Industry calls on govts to renew expiring wage support programmes

Industries’ ministry seeks increase in rates of essential items sold at utility stores

Market associations planning to take matter to consumer courts

Aims to minimise losses, enhance productivity in post-Covid-19 era

Regulator working to offer tax incentives to ETF unit holders to create level playing field

Business community expresses concern over growing political uncertainty

Fall comes on reports upcoming antitrust paper contains call to break up companies

IMF chief says outlook for next year is mixed, rife with uncertainties

Decline in prices, Covid-19 outbreak hit earnings of cement companies

Move flouts law that calls for due diligence before launching mega schemes

Power Division tells govt increase necessary to clear backlog of circular debt in 2023

Benchmark index gains 55.01 points to settle at 39,127.48

Rally in world stock markets, expectations of new US stimulus package also boost oil

The coronavirus pandemic has caused a sharp economic downturn globally

The rupee strengthened against the dollar at Rs164.32 in the inter-bank market

Tech firm plans to raise Rs1.5b through IPO to expand its footprint

EU market Pakistan to contest India’s claim on Basmati rice

Increases $115m as imports surge and exports contract

Main challenges are to become bridge between FBR and Q Block, enhance revenues

Planning Commission official says region can play important role in country’s economy

Pest attack, climate change, low quality seeds put harvest growth at risk

Say agriculture sector has been neglected, is moving in wrong direction

Govt has permitted LNG import by private sector to utilise capacity of 2nd terminal

Benchmark index falls 998.36 points to settle at 39,072.47

Prices slumped more than 4% on Friday following Trump’s diagnosis

Tariff cut badly needed for slowing down accumulation of circular debt

Lower trade deficit, rise in exports will provide relief to Pakistan’s economy

June oil shortage indicated country stood where it was in 2015 with lack of storages

Planning, evaluation, monitoring can help avoid twin devils of fear and greed

Country’s technology sector has potential to boost exports by $10b in next 3 years

Dozens band together to challenge Google’s local dominance key apps

Guangdong province imports locally produced low-count sirospun yarns