Business

Pakistani rupee fell to a record low of Rs85.85 against the US dollar during inter-bank trade on Monday.

ADB has decided to stop problematic projects and divert up to $1.5 billion to launch rehabilitation projects.

Ministry of Industries and Production is going to release Rs3 billion, within the coming two days, to the TCP.

Popular notion in Pakistan dictates that real estate and gold are the safest investments.

The government is planning to slap a two per cent flood tax on all imports.

It has been estimated that more than 0.7 million homes have been destroyed across Pakistan till now.

Many multinational organisations are seeking to boost productivity in unorthodox ways.

The role mobile money could play in helping to accomplish the task that aid agencies face is worth examining.

When Nadra started issuing computer­ised identity cards, it served the government well.

In the 1960s, both Brazil and Pakistan began reforms that would transform their respective agricultural landscapes.

Ufone has been nominated for Best Brand Award by World Communication Awards along with 6 international brands.

The customs administration reforms of the Federal Board of Revenue have ended in failure.

Profiteers have become active to take undue advantage of the linking of LPG price to Saudi Aramco Contract Price.

Gold prices climbed in local markets as shoppers returned, ahead of Eid holidays.

CSF chairperson Hina Rabbani Khar highlighted the need to focus on building economic competitiveness.

Lack of coordination between political leadership and economic team led to the collapse of talks with the IMF.

They calculate losses by obtaining percentage attendance of employees during riots in the city.

Activity remained subdued in the country’s bourses during the week ended September 3.

Duties on import of 3-36 horsepower, single-cylinder diesel engines for agricultural purposes have been eliminated.

Wapda has decided to construct Munda Dam on Swat River on a priority basis.

A board comprising experts of disaster management, rehabilitation and reconstruction has been constituted, said Khan.

PIHH will assist the Sindh Board of Investment SBI in identifying a suitable developer of a Halal park.

NetSol Technologies’ net profit more than tripled to Rs952 million in fiscal year 2010.

FBR has informed the PBA that the online transfer of funds cannot be termed “cash deposited into bank account.”

Total cement dispatches dropped by 19 per cent in August 2010 when compared to the same period last year.

Businessmen and industrialists have expressed dismay over the outcome of Pakistan’s negotiations with the IMF and WB.

Cotton production in the country has declined showing a decrease of 22.95 per cent over last year.

Stocks remained dull Friday as investors stayed on the sidelines following a downgrade of ratings of top five banks.

OGDC fields have been hit the hardest following the floods since its field portfolio spreads across the country.

Prices are being consistently increased by millers on the pretext that their stocks are depleting.

Sugar crisis in the country has taken a turn for the worst as sugar mills have sold 95 per cent of their stocks.

Release of provinces’ share in federal taxes has helped them avert a default.

KSE have decided to challenge SECP over changes in the board of directors.

Pakistan will not be able to meet international trade orders during the Eid season this year due to the recent floods.

The fall is mainly expected on the back of higher plant maintenance and overhaul costs incurred by the company.

Rumours regarding senior PIA captain Nadeem Yousafzai’s appointment have not been confirmed by CAA officials.

Outlook on long-term local currency deposits of five Pakistani banks has been changed from ‘stable’ to ‘negative’.

Investors remained cautious on the back of revised economic estimates projecting higher inflation.

Gold prices fell by Rs42 to Rs33,900 per 10 grams on Thursday as the international prices also declined.

Livestock losses have reached almost Rs5 billion in K-P due to the havoc wreaked by the recent floods.

Reserves held by the State Bank of Pakistan rose to $12.37 billion from $12.35 billion.

If approval is given by IMF's executive board, the money is likely to be disbursed this month.

The government, in yet another display of spineless cowardice, has proposed to increase income taxes.

Mobilink, Meezan Bank, PIA, DHL, BMW Group and Cathay Pacific Airways contributed to flood relief.

Presently 100 industrial units including some big multinationals are already in operation.

The board reached a consensus that an improved post-harvest management infrastructure can help reduce losses.

SECP has blocked an attempt by the member-directors of the KSE to remove the chairman of the KSE board.

Donors have pledged assistance of approximately $1 billion but only 15 per cent has been released so far.

The problem is that the government feels it can control prices of politically sensitive commodities.

More than Rs2.5 billion in revenue is being lost on a monthly basis by the FBR because of decreased GST collection.