Business

Gold price rises Rs1,600 to Rs104,400 per tola

Finds three companies involved in creating artificial fuel shortage

Concessions may weaken efforts to widen tax base, create distortions in tax system

Critics warn it will take longer to reap policy’s environmental, financial benefits

Optimism over easing measures wins over fear of surging coronavirus infections

Aims to double exports of vehicles and components in next five years

Expect turnaround in sector in July on back of massive orders

World Bank senior economist says exports crucial to Pakistan’s recovery

Benchmark index increases 242.31 points to settle at 34,181.8

 Outlay for new fiscal year to be presented in NA today

If trust deficit persists, no federal funding will deliver desired results

Pakistan must ensure easier access to technology across different population segments

Pakistan’s budgetary process continues to be predominantly on conventional lines

Revenue collection estimate is unrealistic as govt expects 27% growth

Increasing savings and productivity only recipe for healthy economic growth

Minister says K-P, PASSCO fail to achieve procurement targets

Four cut motions by opposition MPAs voted down

Food minister stresses technological advancement to boost cotton yield

Demand govt to withdraw decision which will increase cost of doing business

Businessmen condemn power outages in Karachi

Decides to send mangoes to heads of states of countries to boost exports

Activity remains dull as index posts gains of 501 points in outgoing week

Changes oil price revision formula without approval from relevant forum

Locust swarm, Covid-19 puts food security at risk in Pakistan

Imran Khan's govt may offer relief to industrialists

Laments govt paid no heed to budget proposals of businessmen

Georgieva says recovery will have to get under way without medical breakthrough

Pakistan's exports of sports goods drop from $1b to $700m

Finance adviser tells Chinese envoy of measures taken to mitigate socio-economic impact

Investors hope Europe will continue to rebound from economic damage of coronavirus

PM aide calls for diversification of export products

Increase comes on back of rupee depreciation, higher production cost

Pakistan is likely to pay Rs900b in capacity charges to power producers in FY20

Money acquired to build foreign currency reserves and repay loans

Diesel price goes up to Rs101.46 from existing Rs80.15 with an increase of Rs21.31 per litre

Two leaders agree to call APC next week

Spike in Covid-19 infections in US states can stall demand recovery

Federal govt dismisses company’s furnace oil shortage claim, attributes outages to its system constraints

Benchmark index advances 229.86 points to settle at 33,939.49

Country’s sporting goods exports have plummeted from $1B to $700M

Switzerland no longer a favourite offshore tax haven for country’s nationals

IMF warns of dangers from flood of unconventional policies

Growing job losses, virus cases in US, concerns of trade war batter sentiments

Punjab collects low farm tax

Main problem is access and affordability, though staple food is sufficient

Hydroelectric power projects will help attract $3.7b investment under CPEC

Request govt to allow them to work on Saturdays as well

Amount for FY21 is two-thirds less than original demand for outgoing fiscal year

Court reserves verdict on petition filed by oil company

Renewable energy will complement the 27% of current electricity supply coming from large-scale hydro