Business

SBP is working on a new microfinance strategy with a greater focus on inclusive financial services.

Agricultural experts fear that gushing waters have washed away the nutrient- rich top soil of many agricultural areas.

The Western Union Foundation will also contribute $100,000 towards disaster relief efforts.

Forecasts of automobile sales volumes are being slashed by analysts because of the worst floods to hit Pakistan.

The market bounced back on Tuesday, gaining 141 points after a drop of almost three per cent during trade on Monday.

CEO of Getz Pharmaceutical said the biggest hurdle for the pharmaceutical sector was inconsistent government policies.

Fauji Fertiliser has expressed interest in acquiring Agritech and plans to purchase 80 per cent of the shares.

Millers say they had advised government to import raw sugar instead of refined so foreign exchange could be saved.

Local pharmaceutical’s earnings are expected to increase due to a rise in demand for medicines to treat flood victims.

Cement dispatches have already declined by 20 to 30 per cent due to floods and the trend is expected to continue.

Despite the floods, there is no fear of food shortage as strategic reserves are able to meet domestic requirements.

The negative effects of the devastation caused by the floods has started showing on tax receipts.

While increasing the age limit for imported cars may help consumers, it could hurt Pakistan’s fragile economy.

Good news for Pakistan in the telecommunications sector where access to services is nearing historic landmarks.

PSO has company has decided to increase prices of furnace oil based on rising international prices.

CCP is at risk once again due to the expiry of the Competition Ordinance of 2010.

The Competition Commission of Pakistan has slapped a fine of Rs50 million on the Pakistan Poultry Association.

The Sensitive Price Indicator for the week ended on August 12 showed an increase of 16.25 per cent.

The decision was taken by a six-member ministerial committee set up by the Economic Coordination Committee.

Trade between Karachi and other areas of the country has been stalled.

The stock market fell on the first trading day of the week as investors remained on the sidelines due to uncertainty.

Telenor gets second place in market as Ufone loses ground.

SNGPL has exempted CNG stations from one-day closure in Punjab due to shortage of petroleum products following floods.

According to SBP, FDI inflows during the first month of the current fiscal year are down by 46 per cent.

Pakistan wants to delay the IMF Executive Board meeting in a bid to gain more time for tax reforms.

The government has indicated that it will slash 50 per cent of the development budget and give funds to flood relief.

The simplest tool that most financial advisors can recommend is the monthly budget.

Project managers and software developers are often pressed for time and pressured to deliver more and more features.

Pakistani textile exporters will fail to meet demand even if they have more foreign orders.

Estimates on the damage done to livelihoods are ranging around Rs250 billion, that’s not including infrastructure.

During the fiscal year 2010-2011, FBR expects to collect Rs657.7 billion in direct taxes.

When I asked him why the gandairees were so expensive, he responded: “Sahab, mehngai buhat ho gayee hai.”

CCP has established an online complaint cell of the OFT for lodging complaints about deceptive practices.

Goods worth Rs1.02 trillion were imported under concessionary SROs and other exemptions on custom duties granted.

Acting Governor said SBP's achievments are evident since Pakistan is considered to have a robust financial system.

Cotton prices remained volatile in the outgoing week, surging to a new record high of Rs7,000 per maund.

CNG stations and petrol pumps established on leased state land have not been paying rent and Punjab is facing losses.

The SECP has suspended trading in the shares of 40 listed companies with effect from Monday.

Chairman’s statement has signalled that the product might not be introduced on time.

With the arrival of Ramazan, people have been greeted, once again, with exorbitant price hikes.

Floods in Pakistan may have destroyed crops worth around $1 billion, World Bank President Robert Zoellick said.

The recent hike in the discount rate could put additional pressure on some corporate borrowers as well.

The Karachi Stock Exchange (KSE) benchmark 100-share index ended 0.31 per cent or 30.56 points up at 9,823.37.

The amount was contributed by PIA employees who donated their one-day salary for the cause.

Byco Petroleum has urged the government to resolve the circular debt crisis and increase oil refinery margins.

The completion of highway projects have been delayed due to non-availability of financial resources.

Marks & Spencer and Solfruit International have expressed interest in Pakistani mangoes.

Both Maple Leaf and DG Khan Cement’s management were of the opinion that predatory pricing is likely to have ended.

The debt has reached a critical level of more than US$105 billion by end of financial year 2010.

Pakistan has signed a memorandum of understanding with Malaysia, VC of the Sindh Board of Investments said.