Business

The Sensitive Price Indicator records an increase of 19.44 per cent as compared to the corresponding week last year.

The Federal Government removes sale taxes on bulk purchases of electricity by the PIEDMC.

The sought measures will enhance exports by over 30 per cent annually and double them in three years.

The Minister of Ports and Shipping announces a 40 per cent increase in the salaries of PNSC employees.

The OICCI asserts that its contributions for flood relief activities exceed Rs1.69 billion.

The Trading Corporation of Pakistan says that reports of substandard sugar are based on incomplete information.

Pakistan decides to sign agreements with other countries regarding data sharing to arrest under-invoicing.

The recently imposed duties on Polyethylene Terephthalate will not have a sizeable impact on Lotte Pakistan’s sales.

Equities close almost flat on the first day of the week as investors prefer to stay on the sidelines.

The mutual fund industry’s size may have remained unchanged but funds shifted within categories in August.

This enables the bourse to secure a place among the top five regional markets according to an analyst.

After disbanding Pepco, the government partially unveils the second leg of power sector reforms prescribed by donors.

Ministry of Water and Power confirms electricity shortfall in the country has risen to 4500 megawatts.

Towards the end of 2006, Dubai was an investor’s (read: speculator’s) paradise.

One of the proposals to raise resources is to impose a flood surcharge.

The move to wind up Pepco begs the question: “Why now?".

United Parcel Service is the largest package delivery company and a leader in global supply chain services.

If you say you work for a development consultancy, the response generally consists of raised eyebrows.

The ‘demise’ of Pepco is not expected to substantially address the persistent woes of power.

Such an inflow of free money is likely to do far more harm than good in the long run.

The government’s decision, at the IMF’s behest, to dissolve Pepco will do little to resolve the power crisis.

The federal government decides to request concessions on the import of Pakistani goods into American markets.

Gold prices continued their upward march due to international volatility where rates peaked at $1,320 an ounce.

Delegation to head to Kenya to resolve issues being faced by rice exporters at Kenyan ports for the last two months.

Commercial banks should start paying back to the country by starting lending to SMEs, says Business Support Fund CEO.

General Cables, the US-based giant, announces that the company will acquire a 25 per cent stake in Pakistan Cables.

AGP observes that policy to meet the energy shortfall was launched in haste and is likely to fail in its objectives.

The country’s stock market mostly remained range-bound during the week ended October 1.

Microsoft is accusing the US handset maker of violating its patents in smartphones powered by Google's Android.

Government on Friday dissolves bleeding Pepco to follow crucial IMF diktat and also hikes electricity prices by 2%.

Following successive increases in international fuel prices, Furnace oil prices increase.

Board of directors of Standard Chartered Bank Pakistan appoint Mohsin Ali Nathani to key post.

Makhdoom Amin Fahim says measures taken to enhance Pakistani exports and divert trade balance in Pakistan’s favour.

Rupee firmed slightly today after falling to a record low for five consecutive sessions as payments for imports fell.

The Senate is informed that work on 26 multiple-fuel power stations in the private sector is in progress .

The major gold markets of Karachi and Hyderabad will remain closed today to mark a protest against extortionists.

The Securities and Exchange Commission of Pakistan extends deadlines of the CRS and CEES to October 31.

Profits in the corporate sector increased by 34 per cent year-on-year in the quarter ended June 2010.

SECP rationalises list of documents needed to be submitted along with applications for listing on stock markets.

Net profit of Pakistan Oilfields Limited surges 32 per cent to Rs7.4 billion in fiscal year 2009-10.

Stocks end the week on a positive note despite expectations of a bearish trend after a hike in the policy rate.

FBR categorises pending sales tax refund claims into categories to clear all refunds before introduction of RGST.

World Bank approves credit line worth $300 million to assist Pakistan’s efforts to respond to the floods.

Pakistan will spend about $3.3 billion this year on repaying foreign loans and interest accrued on them.

There is talk about taxing the rich with Hillary Clinton's warning and the loan write-off case in court.

Government announces orders to dissolve Pepco, heralding an end to universal electricity tarrif regime nationwide.

World Bank says the funds are part of the bank's $1 billion commitment to Pakistan in this fiscal year.

NIB Bank has announced that Shahid Sattar has joined the bank as Head of its Retail, SME and Commercial Banking Group.

FBR Chairman Sohail Ahmed has said that the implementation of the (RGST) will be complete before December.

This represents an increase of 1,709 per cent from the after-tax profit of Rs417 million for the fiscal year 2009.