Business

Benchmark index increases 360.79 points to settle at 39,631.91

Saudi Arabia plans to sell up to 5% of world's largest energy firm, hopes to raise up to $100b

Kingdom expects US to remain a key business partner

Says situation of Chinese assistance to get clear by start of talks with IMF

Assures them of cooperation in holding single-country fair, exchange of delegations

The backlash may force Riyadh to ease sweeping sanctions imposed on Doha

Board of Directors of Bank of Khyber held their 152nd meeting on October 18

A Stuttgart court awarded shareholders in two cases a total of €47 million

The projects have cost $3.38 billion during the past five years

Says SMEs need to switch to latest technology so they can export goods

Drop comes following decrease in other income, increase in costs

Revenue falls due to lower listing fee and interest income

Company denies charge, saying it is working in line with global laws

Capacity of warehouses will be increased to 600,000  tons from current 400,000 tons

Average electricity price to increase by at least Rs1.20 per unit or 10.3% to Rs12.91

Distribution firms will collect Rs2.4b extra after the price revision

Finance ministry confirms negotiations to begin in first week of November

The ruling is believed to be the first against the manufacturers

Forex association chief says outlook for the currency remains positive

Benchmark index increases 4.13% to settle at 39,271.12

Recent developments by NAB have increased public's trust in institutions

Rupee stands at 133.7/133.9 against the dollar

The director said the department had proposed training for 150,000 youth under the fifth phase

City’s Tellhow Group will continue to work with Pakistani enterprises

Rise comes due to significantly higher income from other than core business

Says this will halt the trend of rural-to-urban migration

This way Pakistan will be able to avoid IMF dictates, says businessman

New avenues of cooperation discussed

Slump comes mainly due to massive rupee depreciation, higher taxes

Faysal Bank guarantees its commitment to business entities

Govt addresses concerns of equity investors recently in order to remove uncertainty

Imran showcases govt’s efforts at structural reforms to end corruption

Agrees to issue certificate of sovereign guarantee to pave the way for jets sale

Says exports, remittances will increase and imports, deficit will come down

It covers implementation status of the corridor and its future prospects

Riyadh agrees to provide $3 billion and as much in oil on deferred payment

Companies from China and Russia have shown little interest in withdrawing from the event

Benchmark index decreases 630.52 points to settle at 37,714.90

Many Western companies, politicians stay away after recent killing of journalist Jamal Khashoggi

Despite having open knowledge of a handful of money transfer agents, the enforcement remains non-existent

Seeks investment in energy, city designing, heavy engineering projects

Minister says it is supporting farming community through use of mobile-wallets

It was due to a 10% growth in net sales as demand jumped to 0.76 million tons of cement

Rupee stands against dollar at Rs133.7

China’s market is the world’s largest destination for agricultural products

It will provide co-financing support to three ADB-financed projects in Kiribati, Pakistan and Tonga

Central bank revises up previous fiscal year’s current account gap by $1b

These include commercial loan of $170m from a consortium led by Credit Suisse

Power Division fails to come up with plan for loss reduction, improved governance

Also urges measures to curb power theft, line losses