Business

Global semiconductor shortage has highlighted dependence on foreign players

Slashes 2021 gross domestic product growth forecast to 5% from 7.25%

Aims to modernise back-end operations and manufacturing, warehousing processes

Benchmark index falls 27.84 points to settle at 46,905.79

OPEC expects output reduction to keep market in deficit throughout 2021

Central bank cites no reason for increase

Development seen as thaw in ties with two key Gulf nations

Govt’s negligence towards major cash crop has heavily affected country’s economy

Imran Khan expresses displeasure over delay in undoing amendment in FBR rules

The plan calls for putting all of Ant’s businesses into financial holding company, including its technology offerings

The rupee weakened against the US dollar at Rs160.19 in the inter-bank market

Move aimed at selling 18.4% stake in company

Have sought guarantees and exemption from regulatory approvals

Federal and provincial bureaucracy unable to meet expectations of political leadership

Minister says current environment conducive for investment

Strives to enhance cotton harvest that has remained low for years

Scheme is expected to steer green revolution in steel sector

Overseas Pakistanis pour capital into G-B to capitalise on lucrative opportunities

Democrats’ advance toward Biden’s proposed $1.9tr coronavirus plan bolsters market

Benchmark KSE-100 index rises 353.29 points to settle at 46,933.63

OGDCL announced the discovery of gas and condensate in its exploratory well Sail-I in Hyderabad district of Sindh

The rupee strengthened against the US dollar at Rs160.15 in the inter-bank market

Ambassador says they can provide electricity to Pakistan at half its current cost

Says final draft of National Electricity Policy 2021 ignores its recommendations

Stand at 4.73m tons against 4.07m tons in January 2020

Envoy says modest number of UK companies already operating in Pakistan

Debt servicing rises 15% in six-month period on back of increased borrowing

Also discusses allocations for power sector under PSDP

Fixes separate hearings for car and cement manufacturers

OGRA, Planning Commission refuse to bear cost

Both major crude oil contracts rose more than 2%

Benchmark index increases 0.72% to settle at 46,580.34

The rupee weakened against the US dollar at Rs160.22 in the inter-bank market

Gave concept clearance to two other proposals

Move aimed at identifying ghost accounts to plug leakages in expenditure

Dawood also met with Chamber of Commerce and Industry of Uzbekistan President Adkham Ikramov

PTA directs manufacturers to make devices as per ITU standards

Domestic cylinder will now cost Rs1,863, commercial cylinder Rs7,168

Top scorer’s bid was 52% expensive than lowest bid

Authority collects 10% higher revenue on year-on-year basis

Secretary tells Senate panel on petroleum it will ensure smooth supply

May give priority to requests for politically motivated schemes

Benchmark index falls 137.09 points to settle at 46,248.45

Analyst expects Brent crude to hit $60 a barrel by mid-year

PM says our efforts are now showing results

Digital connectivity has improved as organisations invest in improving consumer experience

Pakistan has great future in mining because it has huge deposits of minerals

Crowds have had the power – to overthrow governments or put Wall Street to the brink of disaster

There is need to promote neutral infrastructure providers that will lay optic fibre

Prime Minister Imran Khan approves increase of Rs2.70 per litre in petrol, Rs2.88 per litre in high-speed diesel