Business

OGRA has prepared a summary for an increase in petroleum product prices up to rupees 7 per litre.

Report criticises oversight and loopholes in RGST bill.

Pact not acceptable to Khyber-Pakhtunkhwa traders.

Tax collection target for first four months was Rs444.2 billion.

Loom owners warn of massive layoffs, closure of industries if power outages persist.

Ministries will be transferred to provinces as part of the devolution process, in accordance with the 18th amendment.

Government urged to intervene and resolve the long running issue of power outages.

50% GST discount on sugar to be repealed, taxable value to increase.

Foreigners turn net sellers after 21 weeks of buying.

ECC rejects proposal to increase support price by Rs50-80 per 40 kilogrammes.

Second delegation of IMF review team, led by Adnan Mazarei, arrives.

Major industrial associations meet today to finalise future line of action against 12-hour power outages in Karachi.

President Asif Ali Zardari says there is no option except to give a sharp boost to economic growth on sustained basis.

Indian traders selling cotton unlikely to honour most deals after failing to get registered with export authorities.

Karachi Electric Supply Corporation launches ‘disconnection drive’ on facilities of Karachi Water and Sewerage Board.

The federation and provinces agree on major points in the draft of the Reformed General Sales Tax (RGST) bill.

Oil marketing company itself owes Rs131 billion.

The benchmark KSE 100-index shed 37 points on the last trade session of the week to close at 10,598 points.

A summar­y of corpor­ate earnin­gs releas­ed on Friday.

Minister for Finance Dr Abdul Hafeez Shaikh announces set of upcoming economic reforms for private sector development.

Apple has for the first time outpaced Blackberry-maker Research in Motion in global smartphone sales with iPhone 4.

A summary of corporate earnings released on Thursday.

President Zardari has set up a three-member ministerial committee to resolve the gas supply crisis.

Meetings to be organised with leather industry delegates to highlight and address issues faced by the trade.

Economic Coordination Committee to review summaries for increase in support price for wheat.

Turkmenistan deny Russia’s statements that Gazprom could take part in trans-Afghan gas pipeline.

The deadlock between the federation and provinces over standalone services will be resolved today, it is expected.

The benchmark KSE-100 index shed 69 points to close at 10,635 on Thursday.

Technical negotiations between International Monetary Fund team and Pakistan end.

Traders and businessmen want government to take immediate measures to ensure safety from extortionists.

Dozens of compressed natural gas stations shut down across Karachi as pressure in gas supply lines drops.

Vice chairman of association says strike would continue until the government puts an end to gas loadshedding.

Afghanistan and Pakistan sign the Afghanistan-Pakistan Transit Trade Agreement (APTTA) in Kabul.

Federal cabinet approves framework agreement for Turkmenistan-Afghanistan-Pakistan-India gas pipeline project.

A summary of the corporate results released on Wednesday for the first quarter of financial year 2010-11.

Food and Agriculture Organisation begins large-scale distribution of wheat seeds.

Economic Coordination Committee accords approval for setting up coal and clinker terminal at Port Qasim.

Income Tax Bar Association requests for extension in the deadline for filing income tax returns to November 30.

Competition Commission holds hearing regarding acquisition of 79% of Agritech shares by Fauji Fertiliser Company.

World’s largest power ship to contribute 232 megawatts of electricity to Karachi in November.

Luksic Group to explore possibilities of making maximum investments in various sectors.

More than 300 CNG stations remain closed in Lahore, Multan and other parts of south Punjab as gas crisis worsens.

Stock prices continue to rise at country’s biggest equity market as investors react favorably to corporate results.

Ministry of finance and State Bank of Pakistan issue no-objection certificate for establishment of Sindh Bank.

Increased load-shedding will result in massive closures and reduced production, warn industrialists in Karachi.

Karachi’s industrial zones face power outage increases by the Karachi Electric Supply Corporation.

The NEC will comprise of 15 members who will guide the government in taking key economic decisions.

Gas supply to CNG stations in South Punjab has been blocked for the second day.

The Federal Government has given the Sindh Government permission to set up Sindh Bank.

Securities and Exchange Commission appears set to forward draft of Securities Bill 2010 to finance ministry.