Business

Karachi stock market closed in the negative on Wednesday as equities failed to sustain the gains witnessed on Tuesday.

Pakistan’s next wheat harvest is at risk after floods destroyed more than 0.5 million tons of seed stocks.

Oil refining companies have slashed prices of furnace oil by around five per cent.

Inter-corporate debt has ballooned to Rs300 billion and authorities are considering penalising KESC.

Pakistan's worst floods in decades have damaged 3.6 million hectares of standing maize, rice, cotton and sugar cane.

The government has failed to control expenditures and increase revenues for the second consecutive year.

The larger cotton belts in the country remained unharmed by the flood disaster.

The stock market shot up 297 points, the highest gain recorded in ten weeks.

Allowing greater access to American markets for Pakistani products will now be promoted globally by the government.

Textile manufacturers are seeking replacements for raw material supply.

Many say the downward trend can be attributed to uncertainties over discussions with the IMF.

The authorities now face a daunting task of collecting Rs170 billion in September to meet the first quarter target.

3M provides antidotes to fake degrees, power outages and more.

The Public Accounts Committee has also been ineffective as irregularities were pointed out by the office of the AGP.

For individual investors mutual funds provide numerous benefits.

Vegetable exports have recorded a decline in the vicinity of $16 million to date as a result of losses.

The company announced a final dividend of Rs10 per share for the year ended June 30, 2010.

The ministry of special initiatives has immediately sought Prime Minister Yousaf Raza Gilani’s intervention.

All car assemblers including Indus Motor, Pak Suzuki and Honda Atlas have announced quarterly or full-year results.

TCC has submitted its feasibility study to the government of Balochistan, seeking mining licences.

Devastating floods wash away grain stocks and raise concerns about the next crop.

(WB) delegation, headed by Carlos Silvani, is expected to arrive in Pakistan on September 14.

As soon as an IT professional attains experience, he feels consumed by the need of finding a high-paying job.

The market opened the week in the negative as investors preferred to stay on the sidelines.

The donation will be given to a humanitarian organisation operating in the country called CARE.

It is not uncommon to hear about relief attempts being hampered due to insufficient logistical planning.

More and more businesses worldwide are contracting out functions that were previously thought to be important.

What is most important is to invest some resources in analysing the flood path with areas that are low lying.

The recent transit trade agreement with Afghanistan goes in Pakistan’s favour.

Pakistan will not be able to recover in one year, so it may allocate resources every year to gradually reduce losses.

There is nothing wrong with having a credit card, but nobody should ever use one for absolutely any reason whatsoever.

Devastation of economic and social fabric due to floods demands international and local collaboration for survival.

Pakistani banks appear to be little concerned about matters such as their fiduciary duty to their depositors.

Activity in cotton exchanges has declined while the extent of damage to cotton crops is still largely unknown.

Companies have been provided an opportunity to get themselves regularised by filing their overdue returns.

The auditor general of Pakistan has been stopped from contacting taxpayers directly by the FBR.

IMF has said that there is a possibility of providing emergency financing to Pakistan.

When Irfan Qureshi took over as MD, PSO last year, the nation’s largest oil marketing company was in dire straits.

Investor sentiments hit rock bottom on possibility that the margin financing product might be delayed indefinitely.

Out of the total of 76,564 acres of land used for rice cultivation, 54,665 acres were simply washed away.

The government had decided to consider the services of PIA’s pilots under a new ordinance to avoid a go-slow policy.

Businessmen all over Pakistan have rejected the recent increase of 26 paisa in power tariff.

GRMs are down 60 per cent to $1.5-1.8 per barrel in August compared with the preceding month.

It was decided to revive the convertible bonds proposal to strengthen Public Sector Enterprises and generate revenue.

Average spreads enjoyed by banks in the country stood at 7.6 per cent last month.

The decision was taken to ensure the protection of consumers and dissuade the formation of cartels.

PTCL's net profit increased 1.56 per cent to Rs9.29b in financial year 2010 but it failed to meet market expectation.

Investors remained largely at bay in local equity markets as the KSE registered a nominal increase of 14 points.

FBR has sought documents related to sales and margins on petroleum products in a bid to resolve the turnover tax issue

The net profit fell 2.8 per cent to Rs1.08 billion against Rs1.11 billion posted in the same period last year.