Business

Top 10 oil firms will face audit in backdrop of last year’s petrol shortage

Uptrend comes on back of high foreign inflows compared to demand

Say high energy cost, petroleum prices will have implications for industries

Aims to increase its footprints in facilitating regional and international trade

PCJCCI president says Beijing also interested in forming joint ventures in clothing, dyeing

Webinar speaker fears challenges can stall economic development

Shares draft with industry for stakeholder feedback

PM aide suggests privatisation of five power companies of Punjab in first phase

SAPM on energy raises objections to arbitration terms of reference

With a drop to less than 78 million units sold, the auto sector faced its worst crisis ever

Revised scheme likely to ease access to housing finance for large number of people

New bill contrary to objectives of efficient and financially viable public sector firms

Brief document says it will improve people’s livelihood, pave way for sustainable growth

Central bank cites no reason for increase

Say abrupt, frequent amendments damage investor confidence

Says work on Dasu and Diamer-Bhasha dams is progressing despite pandemic

The rupee strengthened against the US dollar at Rs155.01 in the inter-bank market

Finance ministry begins virtual road-shows a day after revival of IMF programme

Prices, however, head for third consecutive weekly loss with demand outlook dented by fresh lockdowns

Benchmark KSE-100 index drops 204.54 points to settle at 45,521.63

Chinese firm officials call on BOI chief, discuss marketing plans for Rashakai Special Economic Zone

Creditor’s board okays four pending reviews of Pakistan’s economy and release of next loan tranche of around $500m

Food ministry looks to import 10 land cruisers for locust control

Near 1310 GMT, bitcoin was up 4.3% at $56,802

IT minister says all stakeholders will be taken on board for Digital Pakistan Policy 2021

Voices hope entry of new automakers will lead to higher demand for tyres

PC board allows hiring of financial advisers for conducting legal, regulatory reviews

Assets, deposits of Islamic banking industry grew 30%, 28% respectively in 2020

President urges Brunei Darussalam to take benefit of Pakistan’s expertise in agriculture

Development projects are related to health, food and agriculture sectors

The rupee strengthened against the US dollar at Rs155.39 in the inter-bank market

Mineral, tourism and agri sectors offer immense potential for investment

It will invest $20 billion in building two new plants in Arizona

Central bank cites no reason for increase

Market was worried about prospect of extended lockdowns in Europe, disruptions to vaccine distribution

Benchmark index rises 181.97 points to settle at 45,726.17

Say mango exporters failed to take advantage of US GSP facility for 10 years

Upper house chairman assures businessmen of full support in resolving key issues

Demand for emerging asset class has grown among larger investors

Expectations of coming US economic boom worry bond fund managers

Investors pour money in T-bills and PIBs amid rising rate of profit, rupee stability

Stakeholders demand clear policy to pave way for investment in sector

Brent crude futures were down $2.56, or 4%, to $62.08 a barrel by 12:16 pm ET

PIDE study asks govt to fund vaccination plan to protect economy from losses

Metro Pakistan, in collaboration with FBR, has completed the integration of all its Points of Sale

Trade volumes could grow 8.5% this year and 6.5% next year

Asad accuses civil servants of disregarding PM’s directive on uplift schemes

Increase in assets, deposits highest since 2015 and 2012 respectively, says SBP

Fears of slow recovery in demand due to European lockdowns limited gains

Benchmark KSE-100 index advances 0.3% to settle at 45,544.20