Business

Body questions refineries for not upgrading plants despite collecting deemed duty.

Decision taken to favour the influential despite opposition from FBR.

Says that key industries of both countries complement each other.

ICAP is opposed to ad hoc means of revenue generation, such as tax amnesties or presumptive tax regimes, says Masood.

Four private companies to buy a 61% stake in the construction materials manufacturer.

Industry insiders say autos to be used as bargaining chips, bribes.

Multan’s electricity utility to use it to monitor line losses.

“President Zardari will visit Iran for the groundbreaking ceremony and it will take place on March 11,” says Khan.

PASSCO to buy 1.6m tons, Punjab Food Department to purchase 4m tons.

SSGC recommends selection of lowest bidder for import of 400 mmcfd of gas.

Index closes below the 18,000 mark after falling for five straight sessions.

Awan’s status as PTA chairman had earlier been declared illegal by the same court.

Firmly back the government in the face of US pressure.

Gas prices likely to rise after cess is reimposed; diesel may become pricier; older CNG stations can be shut down.

The budget was decided with a 4.5 Gross Domestic Product (GDP) growth.

NIP will finance projects being set up in Rachna Industrial Park.

Janahi said his company is examining the possibility of investing in the energy sector of Pakistan.

Six-month profits equal preceding full-year earnings.

It is already releasing 1m tons in the domestic market.

Benchmark KSE-100 index falls 53 points.

Power producers have consumed more than allocated subsidies.

Pakistan currently has enough hard currency to cover only about two months of imports.

Controversy continues as evaluators term the bid ‘non-compliant’.

Pakistan expresses reservations, Tehran promises workable solution.

Exempts loans for Karachi Circular Railway project from taxes, duties.

Veteran banker Ashraf Mahmood Wathra brings 25 years of experience.

Finance minister directs PRI to build a plan to meet $20b target.

US envoy, WAPDA chairman inaugurate first phase of the project.

New CEO’s formula of branch expansion likely to pay off in the long run, but costly in the short run.

Positive sector-specific news, earnings save bourse from falling below 18,000.

Lower provisioning for bad loans, controls on branch network expenses help growth.

It will stimulate investment with new fiscal and operational incentives.

Oil suppliers have not implemented govt’s decision of doubling diesel credit limit.

This may encourage China to revive its refinery, pipeline plans.

Company, spurred by strong growth, launches dedicated Pakistani portal.

Government has been making economically unwise decisions like subsidising power, removing NTN to buy a car and so on.

Slower economic growth in markets, such as India and China, was one of the factors that dragged down performance.

'Google discriminated against some Chinese companies developing their operating systems by delayed sharing of codes'

Market witnesses subdued activity on day of strike.

Domestic sales remain stagnant, edging up only 1.16%.

SECP invites public feedback over proposed changes.

Lowering provisioning, growing deposits help the bank cross key psychological benchmark.

Company to establish three more bottling plants across the country.

Deposit growth slowing down; profits rise on lower provisioning, stock market boom.

Will send summary to the Council of Common Interests for approval.

Money to be used to upgrade plants to produce Euro-2 compliant fuel.

Unveils the policy with promises to shun aid, bring back illegal wealth from offshore accounts.

Mid-career applicants seem to think NGOs and telecos offer the most growth.

‘Lighting a Million Lives’ campaign will cover 4,000 villages.

Business community says they will not pay any utility bills or taxes if the subject SROs were not withdrawn.