Business

President Trump took US economy on wild ride even before virus drove it off a cliff

Benchmark index rises 176.55 points to settle at 45,903.23

IEA pointed to recovery in oil demand later this year to average of 96.6m barrels per day

Petroleum Division apprises CCoE no construction work has yet been initiated

The rupee weakened against the US dollar at Rs160.52 in the inter-bank market

Also directs industries ministry to continuously monitor stocks of sugar

OICCI report highlights importance of stable regulatory practices to attract FDI

Punjab governor says training centres will help Pakistan enter fourth industrial revolution

In first half of FY21, China was largest investor with injection of $358.9m

Govt under pressure to reduce dependence on short-term debt

Senior lawmaker says bloc needs financial system to compete with greenback

Envoy stresses CPEC has potential to create diverse investment opportunities

Automakers blame govt for surge in car prices, urge promotion of hybrid cars

Benchmark KSE-100 index drops 0.44% to settle at 45,726.68

Security concerns ahead of US presidential inauguration drag on investor sentiment

Dealers who declined to supply gas include state-run entities and major international LNG traders

Delay in all-inclusive and pragmatic reforms can threaten food security

In recent past, exports went up for one or two quarters and years before stagnating

ADB assisting Pakistan in updating study for building gas storages

Policymakers need to focus on building foundations for long-term capital growth

Central bank responded aggressively to challenges, shielded economy through timely measures

Suppliers refuse provision in light of recent hike in gas prices by the government

They said that the traders’ community is ready to pay taxes but system should be made simple

Official says over one month has passed since government announced subsidy

Commerce adviser says ECC to take final decision in next few days

EAD official says ministry devising new draft policy for transparency of INGOs/NGOs

Report says oil and gas production fell 6% and 4% respectively in Oct-Dec period

Central bank aims to strengthen solvency and sustainability of sector

Allocates largest share of fund for communication and transportation projects

Emphasise meeting requirement of K-Electric to ensure consistent supply

Company is world’s fourth-biggest automaker by volume

Despite profit-taking, positive macros help benchmark index notch up gains

Pakistan reduced period for obtaining permits required for construction, says international donor in a report

The SPI for the combined income group rose 5.77% compared to the corresponding week of previous year

The rupee weakened against the US dollar at Rs160.33 in the inter-bank market

Wants to resolve disputes over digital taxes and commercial aircraft subsidies

Prospect of stricter lockdowns smothers hopes of fiscal boost

Carmaker races to release new models to comply with emissions targets

Dawood says steps being taken to facilitate ease of doing business

Member says budget will end excessive taxation, slash compliance cost

Response remains poor in second round of bidding for exploration blocks

Govt optimistic about securing extension for one more year

Chinese steel manufacturer allocated 40-acre land

Envoy urges exporters to meet UK standards to gain better access to its food market

Benchmark KSE-100 index drops 58.35 points to settle at 45,931

Brent, US crude contracts are heading for first weekly decline in 3 weeks

PM approves increase of Rs3.20 per litre in petrol, Rs2.95 per litre in diesel

The rupee strengthened against the US dollar at Rs160.18 in the inter-bank market

US fintech giant eyes bigger foothold in booming market for online payments

Resurgence of Covid-19 lockdowns has killed off fragile bookings upturn