Business

Instead of earlier announced $2.2b, China gave $2.5b in March to boost SBP’s reserves

Forms committee to oversee implementation of Ramazan Package

Following energy price crash, foreign contractors started complaining about non-payments

Benchmark index drops 1.68% to settle at 36,752.57 points

Global supply has been tightened further by US sanctions on Venezuela and Iran

Decline comes on back of significant discounts on its cold-rolled products

However, cement demand falls due to reduction in development spending by govt

Demand growth will decline to 1.3% in 2019 and 1% next year

PPL starts search for hydrocarbon reserves in Iraq

Chinese official says more than half of CPEC projects have been completed and put into operation

Previous govts approved return on investment in dollars whereas investors invested in local currency

Over 100 posts vacant in power firms

Pakistan sought duty relief after US withdrew concessions given to India, Turkey

Law minister says draft is in violation of Article 25 of the Constitution

Yao Jing calls on Asad Umar in Islamabad

Powers has been replaced in the interim by senior Etihad finance executive Adam Boukadida

Benchmark index loses 122.13 points to settle at 37,381.95

Analysts also believe US crude stocks may have risen by 1.9m barrels last week

Benchmark index gains 166.21 points to settle at 37,504.08

Approves Sindh BRT, CASA-1,000 and Balakot hydroelectric power projects

Govt incentives must be uploaded on social media in order to convince buyers, FCCI president

PBIT chief reveals more projects valuing at $6b are in pipeline

PHMA says there is already shortage of cotton and yarn in domestic market

Govt, industry agree to initiate crackdown on vehicle dealers

Will allocate land in Haripur for setting up mobile manufacturing plants

Finance minister says discussions are centred around policy measures

Imran Khan's govt faces resistance from opposition-controlled Senate and FATF

PTI govt eyes $22 billion in loans over next three years

OGRA chief says new tariff will be applicable in the next fiscal year

Drop in output from Iran and Venezuela limits losses

IMF staff visit aimed at finalising technical details: Hammad Azhar

Finance minister describes talks with IMF 'constructive'

Last week the two countries agreed to push ahead with project at a 30% lower cost

PM Imran Khan should plug loopholes in different policies

With the squeeze on finances, country can issue Islamic bonds to fund different projects

In next budgetary planning, government intends to further stabilise economy
by crafting a tight fiscal policy

Due to lack of awareness, most ventures are operating outside of the formal sector

'It is requested that the subject position be filled on regular basis at the earliest in line'

Any downgrade in market status may eventually help Pakistan win back passive investors

Matthias Theis says it will help country win substantial share of global market

The announcement comes amid an intense race by countries around the world to deploy the technology

Finance Ministry had sought meetings with Mnuchin, Lagarde

Outlook of Pakistan’s economy, talks with IMF and World Bank drive index

Move comes due to a transatlantic aircraft subsidy dispute

Task Force on Textile chairman says we should take advantage of this in CPEC

Improvement due to marginally better economic growth rate, less number of people looking for jobs

Railways minister says economic stability cannot be achieved without political stability

PM Economic Advisory Council member terms global lender’s assessment as political

Authority says airline is tax defaulter of Rs955 million

Company does not currently produce LNG and any such sale would be first of its kind