Business

The European Union imposes new duties on plastics from Iran, Pakistan and the United Arab Emirates.

The Federal Government has decided to postpone the introduction of Reformed General Sales Tax by a month.

Pakistan Petroleum Limited is pursuing the government for a share in new offshore sites for exploration activities.

Gold prices skyrocket to Rs42,200 per tola in just one day to reach fresh highs in the local bullion market.

The shortfall in tax revenue is expected to be Rs68.9 billion for the first quarter (July- September) of FY2010-11.

PSO is planning to boost storage capacity, expand retail network and diversify projects to meet rising energy.

The rupee falls for third consecutive day amid high demand for the dollar on Wednesday.

The State Bank of Pakistan takes a not-so-subtle jibe at the finance ministry as being responsible for the inflation.

Stocks gain to close above 10,000 points in thin trade ahead of the monetary policy announcement later in the day.

The loan of $130 million (Rs11.4 billion) covers cost overruns and completion of work on road projects facing delays.

Industrialists and businessmen have expressed concern over the increase in the discount rate by the State Bank.

The Planning Commission rejects “aid-ridden growth model” and proposes a market-driven model.

The monetary policy released by SBP criticises the government over its inability to rein in the fiscal deficit.

Spiral­ling inflat­ion in the countr­y forces SBP to increase interest rate to 13.5 per cent.

Provision of economic development and employment opportunities to people in the province is the biggest challenge.

Russia is the latest country to have been approached for the reduction of import duties on Pakistani textile products.

The European Commission approves funding for second phase of Trade-related Technical Assistance (TRTA-II) programme.

The tanker contractors association says that the Federal Board of Revenue is demanding additional income tax.

The entire sector is feeling the heat as other cement giants also report falling profits during the period.

Fertiliser demand continues to drop this year due to high input prices and slow activity in flood-affected areas.

The government decides to lower the tax rate by 2 per cent but will keep the higher rate intact for the current year.

Finance Minister distributes 168 cheques worth Rs420.8 million on account of sales tax refund amongst 41 claimants.

Stocks ended up in anticipation that the central bank may keep the discount rate unchanged in tomorrow's statement.

Increased dollar demand for import payments, especially of oil was the main reason for the decline on Tuesday.

The Asian Development Bank reduces its forecast target because of the flooding and its impact.

According to a spokesperson for Nepra, the per unit reference price of electricity has been reduced by 59 paisas.

The Playbook supports 1080p HD video via HDMI, USB connectors and is Flash supported according to news reports.

Supreme Court says all illegal loan waivers to be recovered, waiver policy to be tested under Article 25.

Centre, provinces agree to impose sales tax on services paving way for restoration of $11.3b IMF bail-out programme.

Spreads earned by the banking sector on fresh deposits and advances extended in August increase by 38 basis points.

Growth is hampered by poor enforcement of intellectual property rights laws and high consumption taxes.

Bangladesh has offered visas to Pakistani businessmen and has invited delegations to explore trade opportunities.

The Trading Corporation of Pakistan has floated tenders for the sale of 25,000 tons of sugar in the local market.

The Rupee has fallen to a record low, declining by a further six paisas with increased demand for the dollar.

The chief of the Consumer Rights Council says that the enactment of a consumer protection bill has become necessary.

A foreign consortium has said it is ready to set up a wind power project with an output capacity of 200MW in Pakistan.

Stock market remained almost flat on Monday as uncertainty on the political front remains intact, analysts said.

Once the government accepts the feasibility report, the company will invest in a gold and copper mining project.

Our inability to sort out basic operational matters, unfortunately, has become our biggest weakness.

Mechanised rice harvesting has created problems in export.

This economic team is so thoroughly out of options and ideas they are contemplating the inevitable.

Govt promises to pick up losses incurred by any province that shows flexibility.

Pakistan's economic situation is a mirror of India's 20 years back.

Most living in Pakistan will encounter a beggar within the next 24 hours, but the issue still persists.

Analysts change their stance on a revision in the interest rate by the State Bank.

The retail sector is about to undergo a dramatic facelift as consumers become discerning and demand greater choice.

SSGC and SNGPL submitted petitions to Ogra, seeking an adjustment to their UFG benchmark.

The centralised sales tax refund payment system is introduced by the FBR after approval from the ministry of finance.

Kardar says private enterprise is being discouraged by current policies.

General managers and other managers at different airports are replaced or transferred by recently appointed CAA chief.