ABAD members invited to work in Punjab
‘Investments worth more than Rs1,300bn have come to a halt due to delay in issuance of water NOCs by KWSB’
KARACHI:Â Punjab Governor Chaudhry...
SBP raises key interest rate by 150 basis points to 10%
Import growth declined to 5.8% during the first four months (July-October) of FY19 from 26.3% in the same period of last year, indicating an effect of recent tightening measures.
Oil prices creep up on expected OPEC cuts, but U.S. supply growth caps gains
International Brent crude oil futures were at $59.65 per barrel at 0533 GMT, up 14 cents, or 0.2 percent, from their last close
Asian LNG prices on downward spiral amid warm winter, high stocks
Spot prices for January delivery in North Asia were estimated at about $9.80 per million British thermal units (mmBtu), down 20 cents from the previous week
Ogra proposes Rs6.21 per litre increase in petrol price
Ogra has suggested an increase of Rs6.21 per litre in petrol, Rs2.0 per litre in high-speed diesel (HSD), Rs7.79 per litre in light diesel oil (LDO)
Govt loans from central bank soar to record high of Rs5.4 trillion
During July-September 2018, the federal government’s overall domestic debt rose to Rs16.9 trillion, increasing by 3% or Rs504 billion
Horticulture exporters set 325,000 tons target for Kinnow exports
A record export volume of 375000 tons was attained during last year fetching foreign exchange of $200 million
Market Daily: Uncertainty grips PSX as investors await monetary policy announcement
The KSE 100 touched its intraday high of 40,781.43 minutes after the session begun. It then went south to hit intraday low of 40,462.91. Failing to recover losses it settled lower by 65.97 points at 40,638.83.
Unilever CEO Polman to retire, replaced by beauty head Jope
At the helm of Unilever for 10 years, Polman generated big returns for shareholders totalling 290 percent over the period, expanded its presence in emerging markets, and in 2017 fended off a $143 billion takeover approach by Kraft-Heinz
Asian stocks gain after Fed chief hits rate rises may slow
The Shanghai Composite Index rose 0.6 percent to 2,605.27 and Tokyo’s Nikkei 225 advanced 0.9 percent to 22,378.46
Oil strengthens ahead of G20 meeting, but supply rise caps gains
International benchmark Brent crude rose 27 cents, or 0.5 percent, to $59.03 a barrel, having dropped 2.4 percent on Wednesday to $58.76 a barrel
IT minister tells Senate committee headway expected in recovery of $800m from Etisalat
While answering queries from Senator Imamuddin Shouqeen regarding the sale of PTCL properties, Mr Siddiqui said PTCL had been barred from selling its properties
CCoE bars import of imported furnace oil for three months
The Power Division apprised the committee that furnace oil was being utilized to stabilize fuel supply and in the last few months it was being used by power plants rather than LNG
Loan size for Rabi crops being raised to Rs30,000 under E-credit scheme
Minister was told in the meeting that under E-credit scheme interest-free loans of Rs 453,682 had been provided during last four seasons while loans of 32.027 percent were being provided during the ongoing season
Pakistan’s net international reserves stand at negative $4b, excluding IMF debt obligations
Till September 2018, SBP had obtained $7.22 billion from commercial banks in the aegis of forward and currency swap arrangements