Business

On the first day of the new year, the stock market kicked off with a bang as the benchmark KSE-100 index rose more than 900 points during the morning session. The index — which had closed at 43,755 on Dec 31— had risen 918 points to 44,673 at around 11:30am. Yesterday, shares had ended the year 2020 at a 30-month high. …

Inflation eased to eight per cent in December, from 8.3pc last month, on the back of a slight decrease in the prices of perishable food items and the transport index, the latest data released by the Pakistan Bureau of Statistics (PBS) showed. Higher food prices continued to increase upward pressure on inflation as prices of non-perishable items jumped 16.3pc year-on-year …

Prime Minister Imran Khan on Friday said the new year will be a year of economic growth for Pakistan, adding that the country was already moving in the right direction with essential industries increasing output. Speaking at an event in Islamabad, the prime minister said the construction industry was already on its way up, which was evident from rising cement …

ISLAMABAD: Cellular Mobile Operators (CMOs) in the country are providing voice and SMS services below the minimum required licensed standards, a survey conducted by the Pakistan Telecommunication Authority (PTA) revealed. Sharing details of the Independent Cellular Quality of Service (QoS) Survey for the fourth quarter of 2020 on Wednesday, the authority said that based on the findings, CMOs have been …

ISLAMABAD: With the last date nearing, as many as 330 projects worth Rs121 billion have been registered with the Federal Board of Revenue (FBR) along with another 218 tentative projects with an indicative investment of Rs88bn under the prime minister’s package for the construction industry. At the same time, as many as 3,627 buyers have shown interest in buying these …

ISLAMABAD: For safeguarding the hard earnings and interests of general public, the Securities and Exchange Commission of Pakistan (SECP) on Wednesday warned public to refrain from investing in any fraudulent investment schemes that promise hefty profits and unrealistic incentives. The SECP further clarified that merely the registration of a company didn’t authorise it to solicit deposits from general public or …

KARACHI: Industrialists on Wednesday urged Prime Minister Imran Khan to ensure that the commitment made to the business community for uninterrupted gas supply was fulfilled in letter and spirit. In a joint statement, Chairman Businessmen Group (BMG) Zubair Motiwala and President Karachi Chamber of Commerce and Industry (KCCI) M. Shariq Vohra said rumours of gas shortages in January were contrary …

LONDON: Britain and the EU signed a post-Brexit trade deal on Wednesday, setting their seal on a drawn-out divorce just hours before the UK brings its half-century European experiment to an end. EU chiefs Ursula von der Leyen and Charles Michel, the heads of the European Commission and European Council, smiled at a brief televised ceremony to put their names …

KARACHI: The stock market lost its bullish fervour on Tuesday where by the end of the day, the KSE-100 index had sunk by 392 points or 0.90 per cent to ­settle at 43,283. The KSE-100 index opened in the positive extending the earlier day’s gains. It rose to intra-day high by 238 points, but by mid-day the index succumbed to …

LONDON: Global shares rose for the fourth straight day on Tuesday and oil followed suit as hopes of fresh US stimulus teed up a strong end to the year for riskier assets and had the dollar eyeing two-and-a-half-year lows. The MSCI World Index was up 0.4 per cent at 1203 GMT, while US stock futures pointed to a similar move …