Business

Umar, Finger make first visual contact; IMF wants Pakistan to adopt steeper measures

Burden may grow in coming months due to rupee depreciation, interest rate hike

Reduction will be between 1-1.3 million bpd: delegate

Decrease attributed to external debt servicing, other official payments

Benchmark index decreases 2.55% to settle at 38,300.63 points

Discovery will enable energy sector to reduce demandsupply gap

HBL has partnered with Muller & Phipps to offer first of its kind working capital financing solution

Last week, the rupee fell to an all-time low at Rs144 against the dollar in intra-day trading

Meanwhile, Railways Minister Sheikh Rashid invites India and Russia to join CPEC

Swiss delegation expresses prime interest in food processing sector

Committee endorses ban on furnace oil imports as country has surplus fuel

Despite imposition of anti-dumping duties, Pakistan remains favourite dumping ground

Govt will engage international experts for establishing new research institutes

FBR could not meet revenue target due to introduction of lower duty slab

Textile Division secretary says efforts are under way to release tax refunds

Identifies tariffs and para-tariffs, non-tariff barriers, connectivity costs and trust deficit as major hurdles

Riyadh under pressure from Trump not to reduce output, Moscow resists deep cuts

Benchmark index decreases 299.76 points to settle at 39,303.11

The rupee has lost 31.8% of its value in the last 12 months

UBL won the award on the back of its contribution to expanding the scope of financial services

Saiful Islam is a versatile and senior banking professional

Premier says govt aims to develop knowledge-based economy

Pace eases despite inflationary expectations, rise in oil prices

Decline comes on back of significant price hike and economic slowdown

Cabinet body imposes ban on oil imports, launches investigation

Chief marketing officer says airline’s offices have been shut for past two weeks

Move likely to help save Rs10 billion but will not address core fiscal problems

ECC relaxes condition that prevented bank defaulters from sugar shipments

Figure seems to be understated as central bank has not shown the debt taken from China

Benchmark KSE-100 index increases 1.13% to settle at 39,602.87

Prices have been falling quarter-on-quarter almost continually since the start of 2017

For a peaceful and prosperous South Asia, we need to cooperate with each other, says Umar

'The agriculture sector is the lifeline of Pakistan’s economy'

China, US declare 90-day halt to new tariffs while OPEC looks to cut oversupply

Fund will be used to supply energy to captive power plants at subsidised rates

Kiani says the pharma industry was playing a unique role in the economic development

Moroccan investors in collaboration with local companies could invest in Pakistan’s tourism sector

Says industry is facing cash crunch as exporters are unable to meet commitments

Upgrade of Main Line-I, II and III will turn railways into modern network

PAAPAM says two tractor assembly plants are moving towards closure

Doha is locked in a diplomatic dispute with the group’s de facto leader Saudi Arabia

PM’s instruction for SBP not to take unilateral decision may complicate bailout talks

Bank officials believe currency boost is artificial and temporary

Federal Minister for Petroleum and Natural Resources Ghulam Sarwar Khan says SC, NAB looking into LNG deal with Qatar

Minister insists Pakistan has not offered any special treatment to Saudi Arabia under CPEC

Announcement comes ahead of the meeting by OPEC and its allies including Russia on December 6-7

Benchmark index decreases 3.3% to settle at 39,160.60

Stocks rallied on the news that Washington and Beijing would not impose new tariffs during a three-month grace period

Availability of raw material for local producers will lead to export growth

High rates of return increase generation cost, hurt consumers and economy