Business

Nishat Mills had acquired a 32% stake in the power company just 6 months ago.

Sindh Food Department signs agreement with IFC for construction of modern grain storage facilities.

Decision to resume gas supplies comes after Shahbaz Sharif’s meeting with the prime minister.

Approval from parliament for RGST not required as it aims to re-enact tax structure of Sales Tax Act of 1996.

State Bank of Pakistan opposes granting cane purchase receipts the status of promissory notes.

Finished textile product producers warn of rising unemployment, analysts value exports for fiscal year 2011 at $22b.

Moody’s Investors Service keeps its negative outlook unchanged for the five largest banks of the country.

Thirty three megawatt Harpo project to be constructed on Harpo Nullah.

The prices of 241 stocks went up as the KSE-100 index ended 57.56 points higher at 11, 844 on Monday.

Deficit stands at $6.5b; imports and exports grow in double digits.

The iPhone may do a lot of things that that the Torch does not. However, whatever the Torch does do, it does better.

Why should China give us even one per cent of her forex reserves? Why should we salivate at the prospect?

Acute gas shortages have started taking a heavy toll on industry in Punjab with no immediate solution in sight.

SBP’s decision to pump up the discount rate seems justified to counter rising inflation.

How free-of-charge services go beyond altruism.

Management is all about developing the right incentives and is critical in determining outcomes.

How Pakistan can identify itself as an attractive destination.

Foreign exchange reserves rise to $16.41 billion in the week ended December 11.

Sindh Minister of Commerce and Industries reiterates his party will oppose reformed general sales tax.

Sindh High Court hears case against hiring of agents by banks to reclaim loans.

New Mobilink service brings first SMS-based service for Twitter.

Gold falls to Rs44,600 per tola as both local and international markets slow down.

SECP and China Securities Regulatory Commission sign MoU to enhance regulatory cooperation.

Just over 50 per cent of the Irish people support multi-billion euro EU-IMF rescue package.

Delay in RGST and political rift not to affect market: analyst.

Urban centres to drive demand for packaged products: Engro Foods CEO

Trade Development Authority looking to increase export share in China.

Govt officials say the delay may be indefinite and accuse political parties of playing politics over the issue.

Ministry of industries and production invites Chinese govt to establish electric car manufacturing plant in EPZs.

Securities and Exchange Commission of Pakistan registers 8 local, 3 foreign companies.

Real potential of bilateral trade between Sri Lanka and Pakistan yet to be explored, says Consul General.

Sales target was not met by UK-based agents either, says PIA.

Private sector to be tapped for generating funds.

Four hundred-member delegation to meet Chinese investors, MoUs will be inked in different sectors.

Reforms Coordination Group for exclusion of FBR representatives in Reforms Coordination Group.

Turkey insisting on finalising agreement without Iran.

Information Technology sector sees remarkable growth but not a priority for students anymore.

A look at the cellular companies that keep Pakistan connected.

Oil and banking sector does most of the talking in shortened week.

Everyone, including small stalls, caterers and tailors, gets into the act.

Thousands rendered jobless, unable to fend for themselves or their families.

FIA raid unearths one of the biggest illegal gateway exchange set-up with ‘thousands of SIM cards’ being used.

The committee on wheat release policy decides to maintain wheat release price for a month.

State Bank opposes petitions alleging harassment by recovery agents.

Pakistan decides to initiate talks, sign agreements to promote bilateral economic relations with two countries.

Sales tax, income tax, federal excise duty rules to be integrated into a single inland revenue law, says FBR official.

Analysts see no immediate impact on electricity rates.

Open access policy to allow private parties to use Pakistan Railways tracks for oil, freight and passenger coaches.

Ignoring all political concerns, the Karachi Stock Exchange continues bullish trend to gain 113 points on Wednesday.

MoU worth $80m signed by Arif Habib Group. Punjab Board of Investment Trade to set up a Reit in Punjab.