Business

Many factories and tanneries have been shut down owing to high production cost and unfavourable business environment.

Forty-eight days were lost to strikes and shutdowns.

SBP moves to combat money-laundering.

Approves appointment of acting managing director of the bourse.

Further increase in prices expected.

Minister says Chinese, Koreans interested in setting up manufacturing plants.

Analysts hope for positive triggers in 2011.

Five new member-directors elected at the Karachi Stock Exchange in elections held on Wednesday.

SBP increases rate of refinance under Export Finance Scheme.

Many countries have agreed on granting concessions.

Despite restructuring in shareholding of UBL, management control of the bank shall remain unaffected.

Power theft and losses to be controlled.

International realty house planning to open an office in Karachi in the next six months.

Wind and solar power to reduce need for oil imports.

The IMF has issued Pakistan a stern warning to take steps to cut its spiraling budget deficit.

SBP cancels banking licence of RBS following its merger with Faysal Bank.

Committee resolves to expedite project.

Voluntary separation scheme offered to 4,500 employees.

Govt plans to borrow Rs230b through these schemes.

Range-bound activity seen on last day of 2010,

President meets entrepreneurs to seek investment in development projects.

Prime Minister Gilani approves Ogra's summary of increase in petroleum prices.

Petroleum ministry wants fresh tender; same company to get contract.

Govt declares that old-design banknote of Rs500 will cease to be legal tender with effect from October 1, 2011.

Shipping companies impose new charge of $50 per container in the name of currency adjustment factor.

TDAP chief says textile sector playing a leading role.

Focus to be on foodstuff and textile.

Shipment for the remaining 2.5 million bales to start from January 11.

Problems of investors to be resolved as Quarterly meetings of committee bridge the gap between investors
and govt.

Revenues expected to reach Rs140b by month-end. The FBR disbursed Rs38.58 billion in tax refunds and rebates.

Country manager highlights company’s year.

Reserves hit a record high of $17.1 billion in the week ended October 15.

Earlier decision allowing import of 5-year-old cars apparently taken back.

Despite circular debt crisis
, exploration and production segment surpasses KSE-100 index by 25% with return 51%.

About 140m shares traded as KSE closes at 30-month high on Thursday.

Who came out on top in terms of return on investments in the roller coaster ride of 2010?

SBP announces that all old Rs500 currency notes will no longer remain valid after October 1, 2011.

Senator is using the ministry to import bulletproof vehicles for personal use.

Nepra notifies reduction in tariff charged by electricity distribution companies.

Chairman says Rs40.6 billion disbursed among pensioners so far.

State Bank’s approval of RBS-Faysal merger expected soon.

Lahore-Istanbul flights to be initiated soon.

Intel hopes to capture smartphone market by 2015.

A summary has been sent to government regarding the change in oil prices.

Companies, association of persons submit 1.67m documents.

KSE-100 index rises 38 points to close at 11,886.

Tariff levels have not changed for last 30 years.

Right of refusal exercised by matching Nishat Group bid.

MoU signed to promote collaboration for technology-based industrialisation among members of MoST and FPCCI.

SECP has announced that its amnesty schemes for the corporate sector will expire on December 31.