Business

Benchmark index advances 0.25% to close at 48,211.70

IGU says increase mostly driven by spike in exports from US, Australia

Minister says projects will be launched to improve seed quality

Calls for swift release of exporters’ funds under DLTL and TUF schemes

Around 20.7m people lost jobs during lockdown last year

Asks govt to adjust tax collection downward to show real picture of revenues

Climate minister says green bond oversubscription shows global appetite for country that has ‘green credibility’

Benchmark index declines 0.07% to close at 48,093.53

Increase comes due to official government inflows

Both benchmarks surged over 1.5% on Wednesday

Sum includes Rs74b that will be utilised under SDGs Achievement Programme

Revenue will go up if SOEs are forced to pay 50% of income in dividend to shareholders

Rupee weakens against dollar

SBP amends capital adequacy rules

Commerce adviser shares provisional figures for trade

CPPA-G to reimburse power consumers for month of April

Pakistan Single Window will connect 74 departments that regulate imports, exports

Minister reaffirms commitment to promoting innovation in country

Minister stresses need for market-based applied research for sustainable growth

New authority will take provinces on board while regulating petroleum affairs

Fawad Chaudhry assures business community’s issues will be resolved

Vehicles up to 800cc likely to become cheaper after budget

Benchmark KSE-100 index drops 64.36 points to close at 48,126.90

Market expects oil prices to move well beyond $70 per barrel towards mid-year

Remains in double digits for second successive month due to increase in energy, food prices

Revenue collection soars 29.5% to Rs128 billion in July-May period

IMF has asked Pakistan to end state control of the rupee and let the currency move freely to find its equilibrium

They will provide economic opportunities and sustenance to the people residing in border areas

Markets shrug off rising inflation concerns

Alliance of 23 nations did not discuss possibility of Iranian oil returning to market

Dawood says country should prioritise brand development to enhance exports

Says costly imports are hampering progress on Digital Pakistan initiative

Guarantee for Rs2.1b loan given to Telephone Industries may be extended by two years

SBP governor says Pakistan has successfully demonstrated it has stabilised

Additional revenue from new tax regime not more than Rs8b

Benchmark KSE-100 index rises 294.92 points to close at 48,191.26

Razzak Dawood says markets will provide economic opportunities and sustenance to people residing in border areas

Encouraging factory activity data from China lends support

SRB approves a proposal for tax incentive scheme under which penalties would be scrapped

FPCCI Coordinator Sartaj Ahmed Khan assured the transporters that the federation would highlight all issues

Suggests exhibitions and exchange of trade teams can help boost mutual trade

IMF has asked Pakistan to end state control of the rupee

Also warns of headwinds as not enough vaccines are reaching emerging economies

Lobbies warn Sugar Factories Amendment Act 2021 will damage economy

Says entire energy supply chain may be disrupted due to unavailability of Oil Pier-1

Top officials agree to promote public-private partnerships to battle climate change

EDB official briefs NA panel on new entries in auto sector

High reading suggests exports are at risk of losing competitiveness

Authority has collected Rs4.17tr during July-May period of outgoing fiscal year

MSCI’s index of world stocks mark longest monthly rising streak since Aug 2020