Business

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.

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.