Business

Company announces dividend of Rs8 per share for Apr-Jun quarter

Minister says IT industry progressing swiftly, creating high-paying jobs

Pakistan sends 125,000 tons abroad against a target of 80,000 tons

US economic stimulus nowhere in sight and trade talks with China postponed

Benchmark index dips 0.07% to settle at 40,154.11

Jazz’s overall subscriber base grew by 5.6% year-on-year reaching 62.8 millionazz continues to expand services

Beleaguered retail sector Britain’s M&S to cut 7,000 jobs

Earlier in March, local currency hit all-time low at Rs169

Any person who owns 25% of company comes under this category

Talks with suppliers will increase competition, bring commodity within prescribed time frame

Move comes after receipt of feedback from various stakeholders

According to new deal, profit rate for IPPs fixed at 12% instead of 15%

Chamber chief considers it right time to expand JVs with member countries

Food security ministry releases funds for developing farming sector

New product range brings Pakistan’s fuel on par with global standards

Official says Pakistan responded to crisis better than other Asian countries

Pakistan’s textile shipments surge 33% to $1.27b in July 2020

Benchmark index gains 61.51 points to settle at 40,184.01

Apologises to ambassador whom it earlier summoned for misusing duty-exemption

Bank AL Habib’s profit after tax was recorded at Rs7.23 billion for the half year

BankIslami exhibited solidarity for Pakistan through various celebrations on the 73rd Independence Day

The event marked two decades of its foundation while setting up a network of over 195 branches

Going down from 134.23 points during the week ended August 6, 2020 to 133.94 points

The rupee weakened against the dollar at Rs168.17 in the inter-bank market on Monday

Stakeholders discuss issues impeding growth of industry

Minister says government-owned power generation plants would also reduce their rates in line with IPPs agreement

Move comes after ombudsman’s directive to initiate proceedings

Currently, 37% tax is applicable on partially oriented yarn

Keeps outlook stable, anticipates surge in foreign exchange reserves

EasyJet may see loss of up to 670 jobs as travel pain continues

The meeting was held under the chairmanship of Senator Farooq Hamid Naek

Investors weigh struggle by US lawmakers to hammer out stimulus

Asks govt to intervene, direct PIA to pay outstanding dues worth billions of rupees

Benchmark index falls 168.24 points to settle at 40,122.50

Emergence of new coronavirus hot spots places pressure on fuel demand, prices

Asks Palestine ambassador to appear on Tuesday to explain illegal sale of duty-exempted vehicle

Well-informed, dynamic economic policy discourse is the need of the hour

Costs of solar energy production and plant maintenance quite high

Board of Investment needs to step up efforts to exploit opportunities which country offers

It took loans of only Rs205b in July due to surge in foreign financing

Govt trying to resume IMF programme; lender may ask for fiscal adjustment

Increase in imports comes ahead of trade deal review

The southern African nation has been grappling with more than a decade of hyperinflation

Aims to secure jobs against economic fallout, structural shifts in auto industry

June drop is less severe than the 18.15% contraction analysts had estimated in a Reuters poll

Bank of England official says strong consumer spending helped recoup losses caused by pandemic

Allows central bank to endorse overseas investment of up to $10 million

August 14 celebrations across Pakistan were extraordinarily high

Association official says sector has been hit hard due to prolonged closure

Expert regrets Pakistan’s share in global e-commerce sector remains low