Business

WB says Tax Administration Reforms Project finally shows progress and it is ready to extend it till December 2011.

Pakistan has one of the lowest ratios of housing finance to gross domestic product in the world, according to report.

Stocks continue bullish trend, ruse to two-month high with support from local institutions and foreign fund managers.

The country’s oil refineries produced just 1.8 million tons during July to September.

Data released by the State Bank shows people are switching to legal channels for sending money back home.

The monthly fuel charges adjustments for power distribution companies have been illegal for more than a month now.

Power subsidies may make for convenient politics but nobody is willing to pay for them.

The global halal meat industry is valued at around $150 billion with over 1.6b Muslim consumers across the globe.

At the cost of Rs300, Karachiites will finally have the answer to “What is there to do in Karachi except eat?”

Initial public offering of power companies expected to bring funds to help cope with swelling inter-corporate debt.

It is generally assumed that in order to start investing abroad, one needs a large amount of money.

Pakistan imports goods worth $11.1b and exports goods worth $0.25b to China between Dec 2006 and August 2010.

The Federal Board of Revenue's love-hate relationship with the company that implemented the PaCCS software.

The World Bank expresses serious concern over the functioning of the Pakistan Customs Computerised System.

This finally brings to an end the standoff between Nairobi and Pakistani rice exporters.

The International Monetary Fund expresses concern over the proposed phase-wise implementation of tax reforms.

Stocks at the Karachi Stock Exchange managed to post gains amidst lacklustre participation from investors.

EU's trade concession package disappoints, primarily due to the exclusion of home textiles from duty-free items.

The country’s oil production remains stagnant at 64,000 barrels per day in the first July-September quarter.

Pakistan’s government must push through politically difficult tax reforms and curb government borrowing.

After reaching consecutive record highs, gold prices come crashing down on Friday.

The Trading Corporation of Pakistan sells 25,200 tons of imported sugar in the open market on Friday.

Shops and markets in parts of Karachi remain shut and business are severely affected.

Trading volumes at the National Commodity Exchange Limited (NCEL) grow 654 per cent to Rs51.76 billion.

Net profit of NCL surges more than nine times to Rs931 million during fiscal year 2010.

The federal government has decided to float a certain percentage of shares of power distribution companies.

Stocks continue the bullish run and cross the 10,300-point level at intraday on Friday.

Pakistan’s participation in the Gitex Dubai festival, one of the world’s top IT exhibitions, seems to be in doubt.

Pakistan is facing an unprecedented shortage of 7.6 million housing units reveals a latest World Bank report.

Report says country suffers Rs200 billion in losses due to tax concessions every year.

The move is meant to help Pakistan recover from devastating floods and maintain political stability.

Operation of clause 3 of constitutional Article 172 is said to be the main source of conflict between the two.

The company intends to inject Rs3 billion into expanding its fertiliser business.

Meeting was meant to consider the approval of the General Statistics Reorganisation Act 2010.

Pakistan confesses that it has been negotiating with the IMF for a second successive bailout programme.

Oil consumption drops seven per cent during July to September on a yearly basis.

Pakistan’s CPI could reach a 17-month high because of an increase in food prices.

Exporters and businessmen welcome EU's move to grant trade concessions.

Local bourse remain active amidst buying from local institutions and foreign fund managers.

Gold prices continue their upwards march as an increase sends the price to Rs37,457 per ten grams.

International community forwards half a dozen questions before it can give billions of dollars for reconstruction.

New employment contacts assure ‘marketability’ both within and outside the organisation.

Yields on six-month market treasury bills rise to 13.14 per cent in an auction held by SBP.

Stock market remains range bound on Wednesday in another dull session amid lack of investor interest.

Govt’s share in total borrowing increases to 43 per cent from last year’s 40 per cent.

SECP launches a consultation process to reform the 2002 code of corporate governance.

Gold prices soar Rs350 to reach a fresh peak at Rs43,350 per tola (11.7 grams).

Sugar is sold on auction in the open market at different prices.

President Asif Ali Zardari signs the anti-trust bill for cracking down on business cartels.

FBR spokesperson says surcharge will be imposed on people who are paying taxes on their income.