Business

Benchmark KSE-100 index rises 164.61 points to settle at 43,042.96

Brent hit $139 earlier during the week, its highest since 2008

Postpones IPO due to volatility in international commodity, equity markets

Minister hopes IMF will not have objections over Rs246b relief package

Fund may ask govt to cut expenditures or take revenue measures

While metals have not been the target of western sanctions yet

Sri Lanka’s foreign reserves fell to $2.36 billion at the end of January

It was at least the fourth time since 2017 that US shale oil producers and OPEC officials have held such meetings

Online businesses increase importance of corrugated cartons sector

Businessmen demand special incentives to recoup Covid-19 losses

Proposes to buy units that halted operations in country

Metal is crucial for making stainless steel, electric vehicle batteries

Central bank may hold next monetary policy meeting early to revise rate

Oil price spike, looming wheat shortage heap pressure on currency

Decision taken to import fertiliser to hedge against global supply disruptions

Benchmark KSE-100 index drops 388.62 points to settle at 42,878.35

Novak says prices could climb to over $300 per barrel if US, EU ban imports of oil from Moscow

Decision largely in line with market expectations

It will cover cost of reduction in electricity and oil prices, Ramazan package

The rupee had been on the downtrend

Crude prices have spiked about 60% since start of 2022

Offers support for exploring African market

US, Europe exploring option of banning import of Russian oil

Over 65% respondents keen to inject fresh investment

Compared with a year ago, 12% more respondents are now worried about inflation

Digitalisation helps bring down age of earning

Baqir says SBP taking initiatives to break barriers, ensure women’s financial inclusion

Small group of experts expect SBP to increase the rate

Benchmark KSE-100 index plunges 1,284.38 points to settle at 43,266.97

Earlier during the session, both benchmarks struck their highest since July 2008

Govt fears data sharing with foreign agencies will infringe on national sovereignty

FDI, remittances, exports not enough to prevent current account deficit from rising to $11.6b

Owing to low level of savings, investment in export-related sectors is unsatisfactory

If Russia curtails oil and gas exports, Pakistan will also feel its impact

Low-grade fuel, especially diesel, used in transport sector causes most of the smog

Cut in fuel, power prices lift KSE-100 index amid geopolitical tensions

Concerns over conflict weigh on S&P 500

Both countries signed MoU for cooperation during PM’s visit to China

Suspension also applies to its money transfer tool Xoom

Growth in deposits of Shariah compliant banks crosses that of conventional banks

Demand it to set up body to bridge gap between SMEs, government departments

PM aide assures traders to resolve issues related to EOBI, Working Welfare Board

Official reveals Islamabad has introduced package of initiatives to promote industry

Troy, Michigan-based company’s stock has tumbled about 68%

Global lender says war in Ukraine was already driving energy and grain prices higher

Rouble lost a third of its value this week after Western sanctions were imposed to punish Russia for invading Ukraine

Rise comes due to spike in freight cost

The index for the group stood at 178.1 points against 177.88 points

Says Muscat has introduced new laws, privileges and facilities for foreign investors

Brent on track for highest close since June 2014