Business

Supply of electricity from the Kanupp to KESC was shut down after power plant encountered technical problems.

SBP had earlier issued instructions to banks to collect CNICs from all account holders and supply records to LEAs.

Ambassador to US Hussain Haqqani cost of doing business in Pakistan compared favourably with its peers in the region.

Average volumes at KSE plummet 58% as most investors leave early for Eid.

100% increase in smuggling of animals recorded before Eid, says ministry.

Revision of RGST to 15%, month’s delay in imposition cited as reasons.

Age of imported cars has been raised from three to five years.

France approves release of €300 million for Pakistan’s economic development.

Growing economies of Pakistan, India to get clean fuel.

Pakistan Development Forum concludes with not much in pledges.

Report on the bill will be presented within the next 14 days.

Two-day holiday was hurting business, claim representatives.

Debt servic­ing to increa­se when repaym­ents to IMF start next year.

Worldwide food import bill could top $1 trillion in 2010 — Food and Agriculture Organisation (FAO).

Market share presently stands at 6 per cent.

Lack of government interest blamed for slowdown.

Recent auctions conducted by the TCP received anything but a warm response from the market.

Prime Minister Yousaf Raza Gilani told corruption in Federal Board of Revenue (FBR) decreased.

Provincial Finance Minister Tanvir Ashraf Kaira says Punjab government created the sugar crisis.

Twitter wants to friend Facebook but the hot Internet stars have been unable to make a relationship work.

Pakistan Railways faces a Rs2b shortfall in first quarter of current fiscal year; last year's deficit was Rs36b.

Career networking website LinkedIn grows as people seek to keep professional lives separate from private antics.

Pakistan has been ranked by the World Bank as the best place to do business in South Asia for three years in a row.

Jet has many features which make it more attractive than any other fighter aircraft of its category, says air chief.

‘Prices have not changed since November 3’

Conducting raids on manufacturing units, stores and offices allowed.

Most significant increase seen in local private banks.

State-run units will be making profits within six months, say businessmen.

External financial assistance, buoyant remittances reduce risk.

Law will allow the annexure of property by the FBR at price 10% above declared value.

Overseas Pakistanis among the most active investors into commercial ventures.

Current account deficit narrows to provisional $533 million, compared with $1.177 billion in the same period last year

Benchmark 100-share index at the Karachi Stock Exchange (KSE) closes 0.52 per cent, or 56.34 points, higher.

Reduction in inflation rate termed ‘essential’ in the fight against poverty.

Leather industry claims 20% reduction in supply of raw materials.

$72 million added to local bourses by foreign investors during October.

The system will allow users to send instant and text messages in addition to standard email and Facebook notes.

The three dealers have been fined from Rs100,000 to Rs300,00.

The countr­ies pledge­d $900 millio­n for flood rehabi­litati­on after Wester­n allies gave the cold should­er.

Dutch expert engaged to ensure success of project.

FPCCI disapproves of the RGST and urges the government to take the business community into confidence.

SBP Governor Shahid Kardar says government borrowed Rs184 billion ($2.15 billion) from the central bank since July 1.

Minister for Science and Technology admits to importing sugar from Dubai to safeguard own health.

Even with the added expenses of transport and lodging, the increase in animal prices appears unjustified.

The import of furnace oil rose to a record high at 0.7 million tons in October.

KSE-100 index at Karachi Stock Exchange (KSE) gained 35.63 points, or 0.33 per cent, during trade on Monday.

Eight parties submit bids, offered prices below the landed cost of Rs65,000 per ton.

SBP implements programme in a bid to provide micro credit to cash-strapped small and medium enterprises.

Improved liquidity position backed by foreign loans does the trick.

An increase of two per cent in the power tariff will be applicable on upcoming electricity bills.