Business

A decision not to export would add to weather-related cuts in wheat available to the international market.

The decision was taken after the net equity of the KESC finished at a negative Rs 525 million.

The company also did not declare any dividends, according to a notice sent to the stock exchange.

A lack of infrastructure and absence of proper incentives by the federal government are chiefly to blame.

Foreign direct investment has plunged even further by over 40 per cent in 2009-10.

Pakistan has lost at least 725,000 tonnes of wheat in the country's worst flooding in 80 years.

ICI Pakistan beat analyst expectation as the company reported an increase in net profit on Thursday.

FBR has decided that the 10 per cent capital gains tax will be applicable on day trading of equities.

The selected entrepreneurships will have access to global businesses and capital through the programme.

Pakistan will receive $23 million from Japan for the improvement of sewerage and water supply system in Punjab.

Stocks went up slightly on Thursday after the market fell consecutively during the first three days of the week.

The company’s profits fell even though revenue went up by more than 17 per cent.

Cotton farmers have expressed fears over a possible attack of a disease on the crop due to heavy rains.

Lotte Pakistan PTA net profit surged 80 per cent to Rs2.18 billion in the first half of the current year.

Introduction of mega retail stores like Makro, Metro and Hyperstar have led to change in consumer spending patterns.

IMF has agreed to release the next instalment of $1.2 billion of the Standby Arrangement Programme.

SBP accepted bids worth Rs83.02 billion in its auction of market treasury bills.

Turkmenistan has offered to export electricity to Pakistan in order to help the country deal with power shortage.

Distributors are divided over a strike call as one group has called a strike over the increase in prices of LPG.

Munir Qureshi directed Customs officials to immediately clear flood relief goods without customs duty.

Anne W Patterson signed the agreement under which a grant will be provided for carrying out the feasibility study.

Indian producers will seek to take advantage of a government decision last week to lift a ban on exports.

Unilever Pakistan Foods’ net profit increased by 77 per cent on the back of a 13 per cent growth in sales.

The stock market continued its downward trend for the third consecutive day this week.

The issuance of five-rupee notes and coins has temporarily been stalled by the SBP as it awaits a cabinet decision.

The distribution of funds owed to provinces according to the National Finance Commission Award has been halted.

Damage and needs assessment of Pakistan following calamitous floods will be conducted by the ADB and the World Bank.

Customers remain at the losing end with landline closures causing many problems.

Islamabad proposed a diversion from the original plan of a multi-billion dollar gas import project from Turkmenistan.

National Bank of Pakistan (NBP) announced a lower-than-expected net profit of Rs7.82 billion.

While herdsmen struggle to sustain their livestock, middlemen are buying up cattle, goats and sheep.

The stock market fell on Tuesday as negative sentiments prevailed throughout the day.

The country recorded the highest-ever oil imports in July amid restricted local refinery production.

Wing refused to conduct a study to analyse the pros and cons of duty-free imports.

Cigarette manufacturers who possess the capacity to produce filter rods must keep a record of filter rod production.

The federal government’s borrowing from the State Bank touched Rs136.286 billion.

Pakistan faces hard choices as it decides how to allocate scarce resources for rebuilding following the floods.

Fatima Fertiliser Company has announced plans to float American Depository Receipts.

(Nepra) has given the green light for a 26 paisa per unit increase in electricity tariff for July.

Perhaps it is time for the administration to try a new tactic: trade, not aid.

The decision is taken to generate money to meet the rising government expenditures to finance reconstruction.

Fauji group will extend its current lead if the Fauji Fertiliser Company is successful in its bid for Agritech Ltd.

Nepra will hold a hearing on Tuesday in reference to a case filed by power distribution companies.

The SECP “has granted permission under Sections 84 and 86 (1) of the Companies Ordinance, 1984 to Maple Leaf.

Investors stayed on the sidelines as uncertainty loomed over the extent of damages caused by the flood.

Pak Suzuki net profit more than quadrupled to Rs298 million during April to June on higher car sales.

Transparency International Pakistan and PSM have signed an agreement to increase transparency in PSM operations.

Three separate vessels, arriving from India and Brazil are expected to reach Karachi Port by September 2.

The poultry industry has suffered losses in the vicinity of Rs6 billion due to the damage wreaked by the floods.

IMF has started to review Pakistan’s budget and macroeconomic prospects, following catastrophic flooding.