Business

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.

FBR has also decided to document a list of smugglers, their accomplices and financiers.

Total bad loans stand at Rs460 billion at the end of June.

One-fifth of the amount is evaded by 38 individuals hailing from Karachi.

Information minister Kaira says Afghan goods will soon be exported to India through Wagha border under the agreement.

LPG marketing companies increase prices by Rs7 per kilogramme.

Pakistan’s privatisation programme is the most successful in South Asia, Central Asia and the Middle East.

Federal Minister for Food and Agriculture Nazar Muhammad Gondal proposes an increase in the support price of wheat.

Pakistanis have never been accustomed to the culture of savings and expect to borrow in times of need.

Pakistan Steel Mills is targeting 2012 to complete the process of being fully reliant on locally produced iron ore.

The benchmark Karachi Stock Exchange 100-share index ends 0.20 per cent or 20.17 points lower at 10,024.86.

Cement sales hit a 21-month low in September owing to passive domestic demand following the recent floods.

The State Bank of Pakistan launches a concessional financing and guarantee scheme to encourage farmers to sow canola.

The government will bridge the gap between the cost of generating electricity and end-consumer prices.

The prohibition of deceptive marketing is one of the four pillars enshrined in the competition law of Pakistan.

FBR slashes tax collection target for October by 3.5 per cent as compared to tax collections in October of last year.

Nokia gives Ufone exclusive right to sell its new high end smartphone, the N8 through its outlets in Pakistan.

The Sensitive Price Indicator records an increase of 19.44 per cent as compared to the corresponding week last year.

The Federal Government removes sale taxes on bulk purchases of electricity by the PIEDMC.

The sought measures will enhance exports by over 30 per cent annually and double them in three years.

The Minister of Ports and Shipping announces a 40 per cent increase in the salaries of PNSC employees.

The OICCI asserts that its contributions for flood relief activities exceed Rs1.69 billion.

The Trading Corporation of Pakistan says that reports of substandard sugar are based on incomplete information.

Pakistan decides to sign agreements with other countries regarding data sharing to arrest under-invoicing.

The recently imposed duties on Polyethylene Terephthalate will not have a sizeable impact on Lotte Pakistan’s sales.

Equities close almost flat on the first day of the week as investors prefer to stay on the sidelines.

The mutual fund industry’s size may have remained unchanged but funds shifted within categories in August.

This enables the bourse to secure a place among the top five regional markets according to an analyst.

After disbanding Pepco, the government partially unveils the second leg of power sector reforms prescribed by donors.

Ministry of Water and Power confirms electricity shortfall in the country has risen to 4500 megawatts.

Towards the end of 2006, Dubai was an investor’s (read: speculator’s) paradise.

One of the proposals to raise resources is to impose a flood surcharge.

The move to wind up Pepco begs the question: “Why now?".

United Parcel Service is the largest package delivery company and a leader in global supply chain services.

If you say you work for a development consultancy, the response generally consists of raised eyebrows.

The ‘demise’ of Pepco is not expected to substantially address the persistent woes of power.

Such an inflow of free money is likely to do far more harm than good in the long run.

The government’s decision, at the IMF’s behest, to dissolve Pepco will do little to resolve the power crisis.

The federal government decides to request concessions on the import of Pakistani goods into American markets.

Gold prices continued their upward march due to international volatility where rates peaked at $1,320 an ounce.

Delegation to head to Kenya to resolve issues being faced by rice exporters at Kenyan ports for the last two months.

Commercial banks should start paying back to the country by starting lending to SMEs, says Business Support Fund CEO.

General Cables, the US-based giant, announces that the company will acquire a 25 per cent stake in Pakistan Cables.

AGP observes that policy to meet the energy shortfall was launched in haste and is likely to fail in its objectives.

The country’s stock market mostly remained range-bound during the week ended October 1.