Business

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

Imran sees hydel power as the way forward

Decline attributed to govt’s external debt payment of $244.5m

Benchmark index falls 0.95% to settle at 33,709.63

Crude, equities under pressure due to rise in coronavirus cases

Decision comes on back of improved inflation outlook, downside risks to growth

Experts say regulatory architecture may be reformed

Lahore needs three million litres of fuel supply per day

Writes letter to petroleum secretary, requesting meeting to resolve issue

Says govt should take special measures to support industrial sector

Invites expressions of interest from parties intending to secure operational services

Power project of 700MW designed to operate on imported, local coal

PTI govt sets up committee to check SOE losses

Surplus comes in wake of decline in country’s exports and imports

PTI govt focused on locust in budget with no clarity on tractor subsidy

Inflow supports rupee that appreciates to 167.36 against dollar

Benchmark index slips 17.96 points to settle at 34,034.65

The leading lender expects global output to shrink by 4.9%, compared with a 3.0% contraction predicted in April

Investors flee to safe haven assets on fears of second wave of coronavirus infections

Rising number of cases in US, China, Latin America and India unnerve investors

Squabbling among the ministries affects utilisation of funds

Trade body says expected plunge better than worst-case scenario

Tech-heavy Nasdaq on course to hit second straight record high

Industry players caution investment of billions of rupees at stake

Chinese clients more than satisfied with stone texture; willing to import more products from Pakistan

People hoard cash or park money in deposits to safeguard against job losses

Currency plunges Rs1.07 to two-and-a-half month low against US dollar

Farmers call for fixing minimum price, providing quality seeds to meet objective

Governor Baqir chairs meeting, discusses housing projects and way forward

Regulator decides to defer decision on increase in power tariff