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BOL NEWS BUSINESS DIGEST: November 27, 2021

BOL NEWS BUSINESS

BOL NEWS BUSINESS DIGEST. Image: Unsplash

Advisory Committee finalises questionnaire for Census 2022

ISLAMABAD: The Advisory Committee has finalised the questionnaire for the Census 2022 and a summary has been forwarded to the Council of Common Interests for approval. –HAMZA HABIB

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Bulls return to PSX as KSE-100 Index gains 178.41 points

KARACHI: The Pakistan bourse staged a mild recovery on Friday, as the investors opted for bottom-fishing in the oversold market, dealers said. –JAVED MIRZA

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Dollar retreats after touching intraday high of Rs176.50

KARACHI: The dollar retreated to close at Rs175.46 on Friday after touching an all-time high of Rs176.50 during the intraday trading, dealers said.-SHAHNAWAZ AKHTER

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PSX lists first GEM Board company

KARACHI: The Pak Agro Packaging Limited (PAPL) becomes the first company to be listed on the Pakistan Stock Exchange (PSX) Growth Enterprise Market (GEM) Board, a statement said on Friday. –LATIFUR REHMAN

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Indus Motor to invest $100 million in localised hybrid vehicles

KARACHI: The Indus Motor Company (IMC) will invest $100 million for localised manufacturing of hybrid vehicles, opening doors for new hybrid technology, an official of the company said on Friday. –JAVED MIRZA

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Tarin launches Pakistan’s first PCM for capital market

KARACHI: Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin on Friday inaugurated the first Professional Clearing Member (PCM) at the CDC House, Karachi, a statement said. –SHAHNAWAZ AKHTER

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Sindh chief minister seeks chambers’ proposals for long-term economic policies

LAHORE: Sindh Chief Minister Syed Murad Ali Shah has urged the chambers to give recommendations to the federal and provincial governments for devising long-term economic policies. –IQTIDAR GILANI

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FPCCI slams govt for ignoring businessmen in mini-budget consultations

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Thursday expressed concerns over not taking stakeholders in confidence to discuss the mini-budget, a statement said. –SHAHNAWAZ AKHTER

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November CPI inflation may reach double-digit

KARACHI: The inflation based on the Consumer Price Index (CPI) for November 2021 is expected to register a double-digit growth to 10.43 per cent, compared with 9.19 per cent and 8.35 per cent in October and November 2021, respectively. –SHAHNAWAZ AKHTER

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PYMA team visits international trade, industrial fair

KARACHI: A delegation of the Pakistan Yarn Merchants Association (PYMA), led by its chairman Saqib Naseem, visited the International Trade and Industrial Fair in Karachi, a statement said. –SHAHNAWAZ AKHTER

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Dollar touches historic high at interbank

KARACHI: The Pakistani rupee declined 1.12 rupees against the dollar at midday in the interbank exchange market on Friday as the dollar reached a historic high. –LATIFUR REHMAN

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Seminar on financing climate actions held

LAHORE: The China Green Finance Committee and the Beijing Institute of Finance and Sustainability arranged a seminar on “Financing climate actions: China initiatives and international cooperation” as a side event of the COP26 Finance Day, both online and in-person in Glasgow, UK, a statement said. – IQTIDAR GILANI

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Veon Group CEO briefs adviser on company’s operations

ISLAMABAD: Veon Group chief executive officer Kaan Terzioglu called on Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin at the Finance Division and expressed appreciation for supporting investors in Pakistan and briefed him on the operations and service provision of the company. –HAMZA HABIB

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Pakistan exports 3.6 million tonnes rice last year: Reap

LAHORE: Rice Exporters Association of Pakistan (Reap) chairman Ali Hussam Asghar has said that the commodity’s exports reached 3.6 million tonnes last year. -IQTIDAR GILANI

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