Business

Solar energy is available for more than 300 days a year in Pakistan with six to eight hours of day light.

Carmaker switched to gross profit of Rs127 million against a loss of Rs220 million in 2009.

APL net profit surged 17 per cent to Rs1.7 billion in first six months of fiscal 2011 on back of higher sales.

The power crisis has crippled industry, frequent power outages, lasting up to 18 hours in some rural areas.

Exploration cost almost halved to stand at Rs3 million as no dry wells were found during the period under review.

Lodhi had been serving as the acting CEO for the last seven months.

MFBs may claim the mark-up rate differential to the extent of 22.5 per cent per annum.

Khar said that Rs1.8 trillion was allocated for subsidy during the current year.

High inflation in country has caused disposable income, capacity of investors have come down sharply.

The delegation was informed that the demand of gas in the country was 3,500 mmcfd.

Volumes dropped to a month low of 87.91 million shares compared with Thursday’s 112.3 million shares.

At inauguration of dry port, 60 container freight trains reached dry port from Karachi, containing different goods.

Prices in local markets tapering, international markets surge to Rs10,600 per maund at beginning of the week.

Project includes 3,380 MVA transformer capacity, 387 kilometers of new distribution lines.

Attock Refinery Limited increased prices of lube base oil by Rs6.5 per litre on Thursday.

Firm aims to provide broadband to all, the company plans to add 1,000 employees by year-end.

Benefits of policies should reach the whole society particularly the poor.

Seminar talks about ways to improve productivity of a business.

Local companies taking cue from international market.

Pakistan imports edible oil worth billions of rupees while crops that can be used for local production are ignored.

Cheer for shareholders as final dividend declared and bonus shares proposed.

Rise in remittances and US fund release cited as reasons for rise in foreign exchange reserves.

Gilani addresses US delegation led by Senior Adviser to the US President David Lipton.

KSE-100 index ended 0.05 per cent or 6.34 points lower at 12,477 on Thursday.

Tax and duty on the import of used cars range from $4,400 to $23,100.

Prospective car buyers welcome government’s decision.

Decrease in power tariff by 58 paisas approved, notification sent to federal government.

EU ambassador highlights areas of improvement for greater access to markets.

Company also announced a final dividend of Rs1 per share, according to a notice sent to the Karachi Stock Exchange.

In the previous auction, all bids for the 12-month paper had been rejected.

FFC had submitted its pre-merger application for acquisition of 75% to 79.87% shares of Agritech Limited.

Well is expected to lift Mela field’s oil production by 1,800-2,000 barrels bpd to 6,500 bpd, said a press release.

Wood is being used as a short- term solution, while the other options are being used as long- term alternatives.

Competition amongst producers intensifies.

SM Muneer has expressed concern over delay of cotton shipments from India.

KSE-100 index rises 28 points.

Aim is to produce disease resistant, high yielding crops.

SBP is scheduled to announce the monetary policy on January 29.

Pakistani side assured visiting delegation that it would raise power tariffs, restrict subsidies.

Government consultation with business associations has been poor, especially over the last two years.

Jump in profits mainly due to higher margins, increase in other income and decline in financial costs.

House Building Finance Corporation says transformation strategy will turn company into efficient, profitable entity.

Minister for Agriculture and Cooperatives directed officers to make efforts for the recovery of non-performing loans.

Indonesia's chairmanship of Asean the right time to achieve dialogue partner status for Pakistan.

Respondents say transaction data cannot be retrieved.

Irish company, Harris Group, says it also intends to set up commercial vehicle testing centre.

Russian market likely to import four million tons of potatoes from Pakistan,

Engro set to enter halal food business in North America, signs agreement with Al Safa to purchase its food business.

The appointment takes the strength of the board to nine members.

KSE-100 index gained 85 points to end 0.7 per cent higher on Tuesday.