Business

Prices of cotton touch another peak at Rs7,650 per maund drawing support from the New York cotton market.

Stocks end at high as local investors become active in the wake of corporate results amid continued foreign interest.

‘Foreign friends’ also recommended elimination of cross-subsidies to encourage optimal use of gas reserves.

SSGC requests all industrial zones of Karachi to reduce consumption by 20% between October 27 and November 4.

Traders mark completion of two years of cross Kashmir trade service in a rare meeting on LoC.

Net profit of Fauji Fertiliser Bin Qasim jumps 62 per cent to Rs2.93 billion for the first nine months of 2010.

Analysts divided over Chilean mining giant’s share price.

A roadmap with targets and deadlines has been drawn out for the Federal Board of Revenue.

Dairy farmers demand that government place immediate ban on export of choker (wheat straw) and bhoosa (wheat bran).

PTA and FIA jointly conduct raids in Lahore against illegal telecom exchanges involved in terminating grey traffic.

Lucky Cement’s net profit drops 34% to Rs726.7 million in first nine months of 2010 from last year’s Rs1.1 billion.

Net profit of PSO declines 57 per cent on the back of increased turnover tax and higher financial charges.

The benchmark KSE-100 index gains 72.72 points, or 0.69 per cent, to close at 10,558.74, marking a five-month high.

Bank Alfalah shelves plan of launching Islamic banking as separate entity.

Increase in remittances and narrowing trade deficit to thank for increase.

Donors sought too much discretion in projects, wanted to divert money from existing programmes.

The Halal Congress is an international conference to introduce Pakistan to the leading Halal industry experts.

The driver will begin to notice a soft brake pedal feel and braking performance may decline, says Toyota USA.

The rise in the week ending October 15 is due increase in remittances and narrowing trade deficit.

Senate subcommittee is concerned that efforts are being made to manipulate investigation into Rs1.045b loss by NICL.

Net losses of PRL decrease more than 25 times to Rs24m in the first quarter as compared to Rs672m last year.

The cotton market continues upward march and prices touch record high of Rs7,550 per maund, making traders jittery.

Five per cent decrease in export refinance rate is being demanded by Sialkot Chamber of Commerce and Industry (SCCI).

Incorrect cheques worth millions of rupees have been issued by FBR under centralised sales tax refund payment system.

The Karachi Stock Exchange’s benchmark 100-share index ries 0.2 per cent or 21.13 points to end at 10,486.02.

Large-scale damage to tomato crops due to flooding and skyrocketing prices drive large quantity of imports from India.

Companies sign agreement to construct bridge on river Indus for transportation of 30,000 to 35,000 bpd of oil.

Stock brokers and corporate investors ask for a month’s extension in deadline for filing statements and returns.

Federal government decides to eliminate almost all taxes and duties on renewable power technologies.

Analysis: some of what's been happening around Pakistan this week.

Thin attendance cripples Karachi's industries. Trading activity also takes a hit.

The handset that costs around Rs12,500 is available in a variety of colours including hot pink and blue.

The funds are sought for the renovation of engines of old trains, till new locomotives are imported.

The appeal comes at a time when “the FBR is facing difficulty achieving its collection targets."

Securities and Exchange Commission of Pakistan (SECP) grants licences to nine non-profit associations.

UK-based explorer Premier Oil mulls over $500 million bid for British Petroleum’s gas production business in Pakistan.

Corporate governance practices directly affect strategic management according International Finance Corporation.

Pakistan and World Bank develop Rs24.5 billion recovery package with broader aim of eliminating anti-state elements.

Pakistan Poverty Alleviation Fund and Citi Foundation announce 7th Citi-PPAF Microentrepreneurship Awards 2010.

Pakistan decides to enter into preferential trade agreement with D-8 countries.

Stock market eases on Tuesday as four-day bullish run comes to an end with investors booking profits at higher levels.

Feasibility study of Thar coal reserves confirms two billion tons of coal reserves are available in Block II alone.

Net profit of Pakistan Petroleum Limited rises 49 per cent to Rs7.79 billion during first quarter of this fiscal year.

Sui Southern Gas Company announces it will resort to gas outages in Sindh for 10 days starting October 26

Current account deficit for first quarter of current fiscal year (July-September) narrows to $545 million.

Government decides, in principle, to revoke all unnecessary exemptions under income tax.

The bank earned dividend income from stocks like Fauji Fertiliser Company, PSO and Hubco.

Single-member bench admits petition filed by PICIC employees which was amalgamated with the NIB Bank.

A Russian satellite company has expressed interest in investing and modernising home TV technology in Pakistan.

Donor-dominated budget formulation process superfluous: Pildat.