Business

Expected to leapfrog US due to contrasting recoveries of both economies from pandemic

Shanghai Electric officials say timeline is subject to resolution of issues

The extension, effective on December 26, will last through December 25, 2021

The TSE said it will start reducing the weight of small-cap shares in Topix from 2022

China will conduct talks on an investment pact with the European Union “at its own pace”

Consumption of soft drinks in households soared that helped sector recoup losses

Oil prices are trading above $50 per barrel

Upper age limit for appointment on top slot of distribution companies was 62 years

Stakeholders hopeful for future because clients paid on time prior to Covid-19

Minister says Rs30b Punjab Employment Scheme launched to boost trade

Low-interest rates, rupee depreciation likely to discourage foreign investors

Imports of tea, tyres, textile and electronic goods fell 51% during first five months

Govt to convert a 12-year-old grant into equity in a questionable deal

der CPEC, could lay a strong foundation for growth of Pakistan’s economy

The rupee strengthened against the US dollar at Rs160.31 in the inter-bank market

Decrease comes due to external debt repayments

Company has sought licence for sale and marketing of RLNG

PM aide says govt will help set up large-scale manufacturing units, IT zones

Plant will be constructed at Allama Iqbal Industrial Estate at cost of Rs1.38b

Subsidiary of the industrial unit will be set up for transaction

ABAD chairman says construction package will steer country towards growth

Chinese, Turkish, Saudi and European firms setting up plants at FIEDMC zone

Planning Commission recommends keeping currency stable

Benchmark index rises 0.76% to settle at 43,416.77

US crude inventories fell 562,000 barrels in the week to December 18 to 499.5m barrels

Decrease comes due to external debt repayments

Textile exporters are anticipating a shortage of industrial input due to falling cotton production in the country

Development projects worth millions will be carried out under a 10-year development plan in the merged districts

The rupee strengthened against the US dollar at Rs160.55 in the inter-bank market

Ambassador shows interest in working on new economic roadmap

It will be Pakistan’s first peer-to-peer lending system

Tests show 1.6 mmscfd of gas and 12 bpd of condensate in Siab-1 well

Four new companies went public while 14 issued right shares

Move violates law that calls for women representation in every public interest firm

Worry fruits and vegetables will rot if subject to time-consuming checks without agreement

Logistical chaos delays goods bound for retailers, automakers

KCCI suggests establishment of industrial park at border

It will also mull request for amendment to PQA master plan for LNG terminals

Benchmark KSE-100 index rises 180.76 points to settle at 43,087.70

Prices take hit after Trump threatened not to sign $892b coronavirus relief bill

Ambassador Hamad Obaid Ibrahim Salem Alzaabi thanks Islamabad for helping in food security during Covid-19 pandemic

Proposes a mix of commercial and concessional loan against Islamabad’s desire to secure cheapest lending

Governor vows to support industrialists

Private sector should promote equality

The rupee strengthened against the US dollar at Rs160.67 in the inter-bank market

LCCI chief for exchange of delegations, exhibitions to increase cooperation

PM aide appreciates MNC’s plan to start BSS operations in Pakistan

Implementation will create competitive environment in power sector

Bonds will help raise $500m for financing Mohmand, Diamer-Bhasha dam projects

Remains in surplus for fifth successive month at $447 million