Business

Unannounced and uninterrupted power outages by KESC has created tremendous hardships for industries in last two days.

The surprising element at a time when there is uncertainty is the continuous foreign buying in the local stock market.

Asian Development Bank and World Bank instruct Pakistan to hire services to ensure transparent disbursement of aid.

Cotton prices rise by Rs100 backed by a constant increase in prices of New York cotton amid tight global supplies.

Technical committee of National Finance Commission unsuccessful in creating consensus amongst provinces.

The Karachi Stock Exchange benchmark 100-share index ends 0.27 per cent or 28.56 points higher at 10,437.58.

Italy’s support for special trade favours to Pakistan conditional on regional rivals being denied similar concessions.

Total foreign investments between July and September down by $181 million against same period last year.

With his newly designed N8 in hand, Mikko Aarras, senior designer, Nokia truly works, lives and breathes Nokia.

World Bank concerned over non-integration of container X-ray facility at Karachi International Container Terminal.

Over 50,000 visitors expected at IGATEX in Lahore as 400 companies from 25 countries confirm participation.

Committee on Reformed General Sales Tax (RGST) on services fails to convince provinces on transfer of taxation.

Rising inflation greatly affects economic growth and all segments of society.

Rates of the precious metal have been rising steadily over the past three months.

Pure terephthalic acid (PTA) and paraxylene (PX) prices at two-year highs according to Topline Securities.

Debt must be cancelled because of destruction caused by floods and relief reconstruction costs.

Engro announces Rupiya Certificates with aim to target retail investors.

Stocks continue bullish run to close at two-and-a-half-month highs despite profit-taking by local investors.

SSGC's plant in Kadanwari encountered problems forcing an emergency shutdown.

Parliamentary body stops short of recommending expulsion of Babar Awan from main economic decision-making forum.

EU says package is unilateral and that there is no room for a review.

Margins estimated to have dropped by 20 to 22 per cent to $3-3.5 per barrel in the FY11 Q1 on quarterly basis.

The price of gold in domestic markets touches Rs37,714 on Wednesday, marking a new record.

FBR committee requests report on cross-border certificates for supposed Nato and Isaf supplies.

Industries in Site face losses due to unannounced outages by KESC over the past two days.

Turkish International Cooperation and Development Agency (Tika) to strengthen cooperation.

Delay in consensus feared to push imposition of RGST beyond the stated deadline of November 1.

Key items, if included in list will boost Pakistan’s exports by up to €1 billion: federal minister textile industries.

Nokia Pakistan initiates mobile phone recycling campaign to encourage recycling of redundant sets.

Asia will see a surge of 70 to 90 per cent in the demand for food by 2030, say new studies.

KSE's benchmark 100-share index rises 0.95 per cent or 97.64 points to close at two-month high of 10,389.97.

Feud takes fresh turn after SSGC announces gas supplies to KESC normalised while KESC contests claim.

Exporters of value-added textiles face serious problems because of increasing cotton yarn prices in local market.

Pakistan locks horns with international financial institutions over the mechanism for utilisation of loans.

Supreme Court rejects report into report on appointment of Adnan Khawaja, questions his high salary.

FBR submits a draft of rules and procedures for capital gains taxation to ministry of finance for approval.

Committee for Abolition of Third World Debt criticizes IFIs for using debt as tool to exploit poor countries.

SHC orders TCP to sell 50,000 tons of imported sugar at fixed rate of Rs60 per kg.

The government cuts duty on import of pure terephthalic acid, a raw material for the production of polyester fibre.

Representatives of 23 countries to meet in Brussels on Friday to assess what long-term financial help Pakistan needs.

Consumers will have to face gas shortfall of over 20 per cent in the upcoming winter season.

Stocks end three-day bull-run as investors booked profits ahead of key court case hearing.

10,400 cars sold in September, up six per cent when compared with sales for August.

The top auditor has found a nexus between a government agency and sugar barons.

Microsoft's last-ditch attempt to reclaim its prominence in the smartphone market has won favorable early reviews.

EU will urge countries to join it in granting Pakistan trade breaks to help the country cope with widespread floods.

Businessmen are convinced of opportunities in a number of sectors including textiles, construction and education.

Nazar Hussain Mehar has been appointed chairman of the recently established Sindh Revenue Board.

The federal government is to prepare software and set up customs police stations across the country.

Citibank accepts BankIslami’s offer for the acquisition of its housing and finance business portfolio.