Business

Benchmark KSE-100 index skyrockets 770.05 points to close at 47,896.34

Both contracts on track for second monthly gain

By revising IGCEP and making schedule adjustments for projects, it can play constructive role

With Covid-19, IMF says poverty rate in Pakistan is predicted to increase to 40%

To develop at fast pace, competent human capital and effective governance structure are essential

Remittances may not continue to grow at same pace in next fiscal year

Report identifies five sectors hampering overall development

Farmers emphasise on improving practices and agriculture landscape

CEO says slow pace of vaccinations could hurt recovery prospects

Says there is huge disconnect between what manufacturers say and what airlines decide

Business community demands reduction in policy rate to 3%

Posts record high volumes in two successive sessions on back of positive developments

Move may trigger another oil crisis as refineries forced to cut production

Projects GDP higher than govt’s estimate for FY21 on back of booming LSM sector

Traders say it will provide level playing field to importers, industry

China’s Challenge Group signed an accord with the Gilgit-Baltistan government

LCCI official demands govt support

Proposed budget far less than funds needed to finance Rs1.6-tr portfolio

Says voltage violations and low voltage profile remain key issues

Budget raised amid concerns over growing size of unfunded schemes

Flagship energy project will enhance bilateral cooperation in hydrocarbon sector

Minister assures businessmen of full support to increase exports

Punjab minister says use of technology being ensured to enhance farm productivity

Benchmark index rises 335.54 points to close at 47,126.29

Also seek marked reduction in turnover tax

Hints at maintaining rate at current level in its next monetary policy statement

Board chairperson says Aqeel is facing corruption allegations; forensic audit will be conducted

Government appoints fifth finance secretary in past around three years

Benchmark index rises 335.54 points to close at 47,126.29

PSDP has been increased from Rs650 billion to Rs900, says planning minister

Brent, WTI on track to post weekly gains of 5% and 6% respectively

Announcement in line with market expectations

Telenor and Jazz pay second instalment of license renewal fee

Business community offers help

Rupee weakens against dollar

Some expect appointment of new finance minister to impact politico-economic landscape

Says levies spark inflationary pressure, discourage consumers

Company lodges protest with Petroleum Division over not being taken on board

IFC report says Pakistan’s untapped potential can be realised through key policy actions

Tarin supports proposal to give subsidised energy to five export sectors

Trading volumes soar to fresh peak at PSX

Benchmark KSE-100 index slips 21.56 points to close at 46,790.75

Increase comes due to official government inflows

Nearly all projects presented to committee again due to cost overrun

It is too early to determine whether cryptocurrencies are “just a speculative trading tool”

Rupee weakens against dollar

Says govt is working to develop more reliable and efficient energy system

Stakeholders fear uptrend can undo all progress made by sector

Aims to have 40% of global volume be all electric by 2030; shares near 5-year high

Say 90-day valuation period creating difficulties