Business

The deadlock between the federation and provinces over standalone services will be resolved today, it is expected.

The benchmark KSE-100 index shed 69 points to close at 10,635 on Thursday.

Technical negotiations between International Monetary Fund team and Pakistan end.

Traders and businessmen want government to take immediate measures to ensure safety from extortionists.

Dozens of compressed natural gas stations shut down across Karachi as pressure in gas supply lines drops.

Vice chairman of association says strike would continue until the government puts an end to gas loadshedding.

Afghanistan and Pakistan sign the Afghanistan-Pakistan Transit Trade Agreement (APTTA) in Kabul.

Federal cabinet approves framework agreement for Turkmenistan-Afghanistan-Pakistan-India gas pipeline project.

A summary of the corporate results released on Wednesday for the first quarter of financial year 2010-11.

Food and Agriculture Organisation begins large-scale distribution of wheat seeds.

Economic Coordination Committee accords approval for setting up coal and clinker terminal at Port Qasim.

Income Tax Bar Association requests for extension in the deadline for filing income tax returns to November 30.

Competition Commission holds hearing regarding acquisition of 79% of Agritech shares by Fauji Fertiliser Company.

World’s largest power ship to contribute 232 megawatts of electricity to Karachi in November.

Luksic Group to explore possibilities of making maximum investments in various sectors.

More than 300 CNG stations remain closed in Lahore, Multan and other parts of south Punjab as gas crisis worsens.

Stock prices continue to rise at country’s biggest equity market as investors react favorably to corporate results.

Ministry of finance and State Bank of Pakistan issue no-objection certificate for establishment of Sindh Bank.

Increased load-shedding will result in massive closures and reduced production, warn industrialists in Karachi.

Karachi’s industrial zones face power outage increases by the Karachi Electric Supply Corporation.

The NEC will comprise of 15 members who will guide the government in taking key economic decisions.

Gas supply to CNG stations in South Punjab has been blocked for the second day.

The Federal Government has given the Sindh Government permission to set up Sindh Bank.

Securities and Exchange Commission appears set to forward draft of Securities Bill 2010 to finance ministry.

The World Bank expresses reservations about draft of the reformed general sales tax (RGST) bill 2010.

Kot Addu Power Company (Kapco) announces profit of Rs2.037bn for the first quarter of fiscal year 2011.

According to Hasan Jamil, the head of marketing at Dawlance, manufacturing in Pakistan is not expensive.

Officials of the International Monetary Fund and Pakistan due to meet in Islamabad on Wednesday.

A call for strike is issued by CNG Association and CNG Dealers Association against two-day CNG gas outage plan.

PM Gilani says government will assist long-term investors by providing incentives and reducing financing cost.

The stock market ends down on Tuesday as central bank lowers economic growth forecast.

Sui Southern Gas Company warns gas supplies will remain severely affected in coming days.

Total dividend payout by MCB Bank increases to Rs8 per share.

Lower-than-expected tax rate bodes well for the Oil and Gas Development Company’s company.

Sindh refuses to grant the Federal Board of Revenue taxation rights on seven services.

Pepco announces end to loadshedding across the country owing to reduction in demand-supply gap.

IMF and Pakistan are due to meet on Wednesday to discuss the release of the sixth tranche of a $11 billion loan.

The CNG Association has decided to close CNG stations in Punjab in protest against the loadshedding schedule.

Unaddressed structural weaknesses and key reforms fail to gain traction during outgoing fiscal year, says State Bank.

SBP issues guidelines to all commercial banks to ensure enhanced efforts and support to holders of Watan Cards.

Negotiations between government and CNG Association end in failure as they can not agree on closure of CNG stations.

Agriculture to be severely impacted by mud, water-logging and non-availability of infrastructure and farm machinery.

Large-scale manufacturing sector achieves 4.8% growth during fiscal year 2009-10.

Kolson sign strategic investment alliance with Lotte Confectionery, South Korea, in bid to expand to regional markets.

Pakistan’s total debt and liability stock increases, reaching Rs10.2 trillion by June 30, 2010 according to SBP.

Net profit of Pak Suzuki Motor Company more than doubles to Rs109m during the quarter on higher sales and prices.

Unbridled rise of cotton market continues as prices surge to all-time high of Rs8,000 per maund (37.324 kg).

Net income of Karachi Stock Exchange plunges 78% to Rs68.094m in 2009-10 compared with Rs314.085m the preceding year.

SBP instructs banks and development finance institutions to work out strategy in response to written off loans.

The stock market continues positive momentum for 4th day running on speculation of good corporate results.