Category: Business

ISLAMABAD: Prime Minister Imran Khan on Monday expressed his displeasure over Competition Commission of Pakistan’s (CCP) unsatisfactory performance to check cartelisation of flour millers. The prime minister further directed the Finance Division to review CCP’s performance against prescribed benchmarks. The direction came from the premier at a time when the CCP has already imposed a […]

In less than five months, the benchmark index of the Pakistan Stock Exchange (PSX) has recorded mind-blowing gains of 49 per cent. The index, which dropped to 28,764 points in August 2019, is now hovering around 43,200 points. A small number of active blue-chip companies are now touching their fair values, which has heightened the […]

Following a drop of up to 72 per cent in automobile sales in the first half of 2019-20, stakeholders in the auto sector say dark clouds will likely continue hovering over the sector in January-June. Issues like high prices on account of the federal excise duty ranging from 2.5pc to 7.5pc on engines of different […]

ISLAMABAD: Pakistan’s oil import bill and local production of petroleum products declined by almost 20 per cent and 12pc, respectively, during first half of the current fiscal year, a clear sign of economic slowdown. According to data released by the Federal Bureau of Statistics (PBS), the oil import bill during the first six months (July-December […]

A majority of people around the world believe capitalism in its current form is doing more harm than good, a survey found ahead of this week’s Davos meeting of business and political leaders. This year was the first time the Edelman Trust Barometer, which for two decades has polled tens of thousands of people on their […]

The Economic Coordination Committee (ECC) on Monday approved the import of 0.3 million tonnes of wheat without regulatory duty amid an unprecedented price hike and country-wide shortage during the past few days. Chaired by Adviser to the Prime Minister on Finance Dr Abdul Hafeez Sheikh, the committee has allowed for wheat to be imported till […]

KARACHI: Stock market took investors on a roller- coaster ride on the last trading day of the week where the volatility intensified in the second session. The KSE-100 index managed to close with gains of 102.67 points (0.24 per cent) at 43,167.76. Traders said the market was still in search of a direction, which could […]

KARACHI: The federal government has been asked to approach Indonesia for issuance of quota for importing kinno from Pakistan. Waheed Ahmed, Patron-in-Chief of Pakistan Fruit and Vegetable Exporters Association (PFVEA), had informed Commerce Adviser Abdul Razak Dawood that the country’s citrus exports may suffer if Indonesia could not release import quota for the fruit. In […]

ISLAMABAD: The electricity tariff for consumers of 10 distribution companies of ex-Wapda is set to go up by about Re1 per unit on account of fuel cost adjustment for November. The National Electric Power Regulatory Authority (Nepra) will take up for public hearing on Jan 29 a petition for increase in consumer tariff for ex-Wapda […]

ISLAMABAD: Pakistan’s large-scale manufacturing (LSM) shrank for eighth month in row, raising fears of layoffs across the industrial sector. The LSM index contracted by 4.61 per cent year-on-year in November, the Pakistan Bureau of Statistics (PBS) reported on Friday. Between July and November, the big industry output declined 5.93pc on a yearly basis. At a […]