Business

The World Bank expresses reservations about draft of the reformed general sales tax (RGST) bill 2010.

Kot Addu Power Company (Kapco) announces profit of Rs2.037bn for the first quarter of fiscal year 2011.

According to Hasan Jamil, the head of marketing at Dawlance, manufacturing in Pakistan is not expensive.

Officials of the International Monetary Fund and Pakistan due to meet in Islamabad on Wednesday.

A call for strike is issued by CNG Association and CNG Dealers Association against two-day CNG gas outage plan.

PM Gilani says government will assist long-term investors by providing incentives and reducing financing cost.

The stock market ends down on Tuesday as central bank lowers economic growth forecast.

Sui Southern Gas Company warns gas supplies will remain severely affected in coming days.

Total dividend payout by MCB Bank increases to Rs8 per share.

Lower-than-expected tax rate bodes well for the Oil and Gas Development Company’s company.

Sindh refuses to grant the Federal Board of Revenue taxation rights on seven services.

Pepco announces end to loadshedding across the country owing to reduction in demand-supply gap.

IMF and Pakistan are due to meet on Wednesday to discuss the release of the sixth tranche of a $11 billion loan.

The CNG Association has decided to close CNG stations in Punjab in protest against the loadshedding schedule.

Unaddressed structural weaknesses and key reforms fail to gain traction during outgoing fiscal year, says State Bank.

SBP issues guidelines to all commercial banks to ensure enhanced efforts and support to holders of Watan Cards.

Negotiations between government and CNG Association end in failure as they can not agree on closure of CNG stations.

Agriculture to be severely impacted by mud, water-logging and non-availability of infrastructure and farm machinery.

Large-scale manufacturing sector achieves 4.8% growth during fiscal year 2009-10.

Kolson sign strategic investment alliance with Lotte Confectionery, South Korea, in bid to expand to regional markets.

Pakistan’s total debt and liability stock increases, reaching Rs10.2 trillion by June 30, 2010 according to SBP.

Net profit of Pak Suzuki Motor Company more than doubles to Rs109m during the quarter on higher sales and prices.

Unbridled rise of cotton market continues as prices surge to all-time high of Rs8,000 per maund (37.324 kg).

Net income of Karachi Stock Exchange plunges 78% to Rs68.094m in 2009-10 compared with Rs314.085m the preceding year.

SBP instructs banks and development finance institutions to work out strategy in response to written off loans.

The stock market continues positive momentum for 4th day running on speculation of good corporate results.

KESC announces increase in duration of power outages for all consumers after after KANUPP encounters problems.

The report shows the economy grew 4.1 per cent as compared to the 1.2 per cent growth in the preceding year.

Govt and CNG associ­ation fail to agree on the number of days CNG statio­ns should be closed in a week.

The death of the notebook was inevitable. And now, you can buy some great tablet computers in Pakistan.

Islamic finance has managed to mirror the cash flows of most conventional banking products.

The 2006 peak of property prices in the US and subsequent free-fall may enter round two with the foreclosure crisis.

Hina Rabbani Khar announced that the government will not give out monitoring and evaluation rights of rehabilitation.

Supreme court's decision to reopen the loan defaults cases could damage the banking sector.

After a delay in disbursements under Coalition Support Fund, govt borrows Rs185b from SBP.

Government to utilise all options to maintain peace and security in the city says Deputy Speaker Sindh Assembly.

CAA questioned as to why it is levying a Rs20 entry fee on selected individuals entering the Airport at Islamabad.

A dedicated grain and fertiliser terminal has been completed with an investment of Rs10 billion in Karachi.

FBR agrees, in principle, to introduce draft recovery plan along the lines of Indian draft recovery plan 2010.

Pakistan’s information technology industry has gone through a dramatic change in recent years.

Russia is in talks with Turkmenistan over plans for a cross-border gas pipeline that will run to Pakistan and India.

Sui Northern Gas Pipelines Limited announces increased gas outages in Punjab for nine days starting Sunday.

The stock market’s rally shows no signs of easing amid better than expected corporate results.

NA’s standing committee on food and agriculture met to discuss losses incurred by agriculture sector by the floods.

US allocates $2bn for energy sector development under Kerry-Lugar bill, says Minister for Water and Power.

Tax revenue collection in the period July 1 to October 22 increases by meagre five per cent on a yearly basis.

IMF deleation will arrive October 27 to assess performance of economy in relation to release of next tranche.

PC pays Rs170mn under golden handshake and voluntary separation scheme to employees of PTDC.

Shell Pakistan switches to losses in first quarter of fiscal year 2011 due to high finance and distribution costs.

Russia’s gas monopoly Gazprom could take part in TAPI gas pipeline, says Russian deputy prime minister Igor Sechin.