Business

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.

The previous record high was $16.77 billion, hit in the week ended July 2.

The value of rupee continued to decline against US dollar as gold touches fresh highs.

SECP is warning action against those who fail to file tax returns with the regulator by the end of October.

The economy is more likely to grow by 2.5 per cent says an economist at Standard Chartered Bank Pakistan Limited.

Fresh supplies of sugar, imported by the Trading Corporation of Pakistan (TCP), arrive in the country.

SBP revises the refinance rate under the Export Finance Scheme, increasing it by 50 basis points.

Attock Petroleum Limited (APL) flourished while the cement and refinery groups saw a drop in profit.

Stocks close in the negative following the central bank’s decision to raise the discount rate by 0.5 per cent.

A high-level economic team will be briefing the International Monetary Fund and World Bank in Washington next week.

SBP urges banks to step up effort­s to provid­e servic­es to the unbank­ed popula­tion of the countr­y.

Provinces fail to resolve a dispute over water distribution formula for the upcoming Rabi season.

Gilani says Pakistan has moved from comparative advantage to competitive advantage in the global market.

We take a look at the operat­ing system­s of the two reigni­ng mobile phone giants in the local market.

SBP raises interest rate to 13.5% while the debate on the reformed GST move towards its conclusion.

The European Union imposes new duties on plastics from Iran, Pakistan and the United Arab Emirates.

The Federal Government has decided to postpone the introduction of Reformed General Sales Tax by a month.

Pakistan Petroleum Limited is pursuing the government for a share in new offshore sites for exploration activities.

Gold prices skyrocket to Rs42,200 per tola in just one day to reach fresh highs in the local bullion market.

The shortfall in tax revenue is expected to be Rs68.9 billion for the first quarter (July- September) of FY2010-11.

PSO is planning to boost storage capacity, expand retail network and diversify projects to meet rising energy.

The rupee falls for third consecutive day amid high demand for the dollar on Wednesday.

The State Bank of Pakistan takes a not-so-subtle jibe at the finance ministry as being responsible for the inflation.