Business

Group to carry out feasibility study for setting up $11b oil refinery, petrochemical complex at Gwadar Port

Saudi Arabia’s ACWA Power is also keen on investing as much as $2 billion in renewable energy projects

$3b deferred oil payment facility was on the agenda

Foreign direct investment drops 59% to $132.2m in January 2019

Benchmark index decreases 267.20 points to settle at 40,219.47

PM adviser highlights untapped areas for trade and investment

Govt looks for alternative means to ease external-sector constraint, avoid political backlash

Sapphire Retail CEO says customers are not ready to pay full price for a product

There are proposals to stop expansion of gas network, new connections in residential sector

People pay around a dozen federal and provincial taxes on property transfer

Developing nations, however, not in a hurry to adapt to technological change

Development comes after India withdrew its Most favoured Nation status for Pakistan

Tariffs on millions of imported cars and parts will add thousands of dollars to cost of vehicles

Lack of positive triggers, uncertainty over IMF bailout keep investors sidelined

Pakistan is at 136th place in the international index of ease of doing business

Mobile phone imports dip 7% to $424m in Jul-Jan FY19

Energy imports drop 16% to $1.02b in Jan 2019 due to downturn in global crude prices

Sheikh Rasheed says tenders have been floated; service will start when coaches are available

Its share in total income tax also shrinks due to court decision, legislative changes

Cumulatively, the rupee has lost 31.8% of its value in the last 13 month

During the week, average prices of 12 items rose in a selected basket of goods

The SECP has deferred the applicability of IFRS 9 for reporting period/year ending on or after June 30, 2019

Action taken on objections raised by premier intelligence agency

Islamabad has three options in response to India’s MFN move, says PM’s adviser

Move comes on back of growing demand for cleaner energy

Observers expect Sino-US meetings to bring benefits bilaterally, globally

Starting work on an offshore gas pipeline that will address Pakistan’s energy woes

Updated policy is expected to provide level playing field to domestic airlines

Ghulam Sarwar says due to improved security situation many countries are keen to invest

Punjab gets additional supply; CNG stations to stay closed for 12 hours on Saturday

Of this, external debt and liabilities stood at $99.1b by end of Dec 2018

Formal dinner changed to meeting as part of PM’s austerity drive

Benchmark index decreases 20.31 points to settle at 40,486.67

Cumulatively, the rupee has lost 31.8% of its value in the last 13 months

Govt committed to taking necessary measures to improve ease of doing business, says Abdul Razak Dawood

Govt expected to earn Rs16.4b from the shipments

Senator says IT sector’s development is imperative if Pakistan is to compete globally

Company makes Rs4.4b profit in 2018 due to higher revenues

Khusro Bakhtiar says CPEC is above political interests and affiliations

Turbine efficiency was found to be more than the level envisaged during model testing

Car available in white, silky silver and graphite

Agreement may be inked during Malaysian premier’s visit to Pakistan next month

Anti-money laundering watchdog set to review progress in Paris

Fawad Chaudhry says Saudi crown prince’s visit is highly significant

Central bank states no reason for the increase of $13m

Benchmark index decreases 37.13 points to settle at 40,506.98

The two economic superpowers have already imposed duties on more than $360 billion in two-way trade

Airbus said in a statement that the last A380 would be delivered in 2021

'Pakistan is a major market for Emirates and we take great pride in the role we play in providing global...

Lack of direct flights between the two countries and the long route through India was hindering expansion of trade