Business

Asad Umar says efforts under way to complete process of 9th NFC award by Dec 31

Railways offers 26% lower fares compared to oil supply via pipeline and road

Weakens to 142.50 against the US dollar in open market

FBR also notifies setting up of two other directorates

Benchmark index increases 0.25% to settle at 38,649.34

OPEC-led production cut lends support to prices

Mnuchin, Lighthizer hold face-to-face meetings in Chinese capital

Central bank says decision taken due to hike in POL prices, mounting fiscal deficit

Ogra sends summary to Petroleum Division recommending hike in oil prices for April 2019

Office timings extended for Friday and Saturday

Chinese Ambassador to Pakistan Yao Jing insists this investment will create thousands of jobs in Pakistan

Delegation official says improved security situation, govt policies have sparked interest

Vice chief economist says investment in K-Electric is just the beginning

Plans to open Torkham border for 24 hours a day for exports by August this year

Planning Division gives presentation on doubling tracks of western alignment

Delay caused by previous government’s move to scrap bidding allegedly in favour of one company

Stresses authority is determined to bring potential taxpayers in the tax net

Believes scrapping of third tax tier will help enhance revenue receipts

Many research houses anticipate rise in policy rate while others expect no change

FATF expressed dissatisfaction over the steps taken against banned organisations and terror-funding

90pc of this amount will be used for debt payment, the rest on poverty alleviation

Currency weighed down by concerns over Turkey's balance of payments, foreign debt

US inventories rose last week by 2.8 million barrels

PPRA turns down IFC’s offer for advisory services for sale of two LNG-fired power plants

Maximum limit of loans will be Rs3m; women will be given preference

Rashakai SEZ is the first of the 9 identified SEZs under the China-Pakistan Economic Corridor (CPEC)

Output may be 24.8m tons against target of 25.6m tons as cultivated area shrinks

K-Electric says it is waiting for directives from the Power Division

Ministry of Maritime Affairs wanted to shift terminals due to congestion at Port Qasim

Power Division says 90% of constraints on transmission lines addressed

Its enforcement, tax net widening drives pick up pace amid criticism

Timing of meeting crucial as central bank is to announce interest rate on Friday

Economic Coordination Committee extends deadline for preparing revival plan for PSM

Benchmark index increases 1.66% to settle at 38,965.01

Brent crude has traded in a narrow range of $64 to $69 a barrel throughout March

'Dam would play the role of a catalyst in stabilising the national economy'

'Government had introduced investment-friendly policies in the country from which Kazakh investors could benefit'

Assured the business community of government’s full support

Cumulatively, the rupee has lost 31.8% of its value in the last 13 months

Textile industry asked to seek assistance of Italian experts

French department store chain plans to open about 10 stores

Is framing short, long-term plans to boost tourism, will revamp PTDC

Says more cooperation between private sectors of two sides will lower manufacturing cost

PM aide stresses no utility store will be closed, no employee will be sacked

Asad Umar meets IMF’s new Mission Chief Ernesto Ramirez

Minister says no decision taken on returning excess money to consumers who received inflated bills

Shahid Kardar says IMF financing will not be that big to meet requirement

Power minister says entire burden will not be transferred in one go

Benchmark index increases 0.53% to settle at 38,329.13

Expectations of a further drop in US inventories support prices