Business

SNGPL suffers Rs73b shortfall due to supply of expensive gas to consumers

The consortium briefed the Privatisation Commission on the progress made in negotiations with various bidders

Fall attributed to drop in sales volume, high finance cost

Halt to international flights, rising freight fares add to Pakistani exporters’ woes

British officials suspend cooperation due to concern over administrative structures

Currency falls below 165 in intra-day trade before recovering

Say they are collecting hefty detention charges and penalties

Allege oil firms delayed import of petroleum products, violated rules

Decision made after screening, evaluation of suitable professionals

It will make it tough for govt to achieve investment target

Summary for implementation of essential services act sent to cabinet

Benchmark index rises 386.08 points to settle at 34,408.05

Group considers extending production cuts of 9.7m bpd into July or August

Currency depreciates due to increase in demand for foreign currency after PM eased lockdown

There will be no default surcharge if payment is made between June 1 to 15

Ties up with local company to assist businesses in current challenging times

It will provide 5b units of low cost electricity to consumers in Pakistan, AJK

Risk appetite grows on signs that global economic downturn has bottomed

Action against sugar mafia urged

Decline comes due to high demand and low supply for foreign currency

Considers bringing foreign companies on par with local firms

Covid-19 has wreaked havoc with supply chains and quashed demand due to lockdowns

Demand scrapping of additional taxes on export sectors

Benchmark index rises 90.74 points to settle at 34,021.97

Pace of reduction slows due to hike in food prices in Ramazan

OPEC, Russia discussing to roll over curbs by one to two months

Pakistan must not engage in rhetoric, pay attention to developing projects

Pandemic will impact exports, FDI, remittances, imports and foreign debt

Efforts should be made to support informal economy along with bailouts for formal sector

Pakistan may lose significant amount as jobless expatriates return home

Market reforms will bring transparency, remove some of system’s ills

Now we have the cheapest fuel cost compared to other states in South Asia, says PM Imran

ECC also approves mechanism to retire Rs200b circular debt

Reiterates central bank’s vow to keep fighting crisis

Announcement comes as Latin America becomes growing hotspot for Covid-19

Sovereign wealth fund to finance overseas investments

Erik Beishembiev says both countries have potential to develop industry and agriculture

Decline comes due to partial suspension of economic activities due to Covid-19

Sends agronomist to Pakistan to promote advanced farm technologies

May not sell any assets, sign contract with private sector for running plants

Also urges govt to release all stuck claims of exporters

Investors await budget announcement, expect measures to uplift economy

The money will be used to service maturing external public debt

Dream come true for local economy as it will stimulate host of business activity, says PM's aide

Says its global ambitions had been unrealistic as it shrinks production, restructures plants

Economic Coordination Committee set to take decision in meeting on Saturday

Deals come as GM, Toyota, Tesla seek to expand EV sales in China

Heightened tensions between two nations overshadow optimism over easing of Covid-19

Recommendation in line with decrease in global crude prices

Currency slides for second straight day as dollar demand-supply gap widens