Business

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.

The authorities have released less than 10% of the budget immediately required by the Higher Education Commission.

The finance ministry appears to finally have woken up from its stupor.

The floods could knock down the country’s economic growth for 2010-11, officials said on Monday.

The meeting comes after reports of Pakistan asking the IMF to ease the terms of a $10b loan it received in 2008.

I would like to start off by stating that I am not a real estate expert. I can only advise on the personal finance.

The high turnover tax is likely to deal a blow to the earnings of oil marketing companies.

Impact of flooding will be very high for all low-income households, as is already evident through food inflation.

The fiscal deficit for last year overshot its target of around five per cent of the GDP.

How socially, economically and financially viable is wind energy?

It’s probably the oldest script in Pakistan: when things turn bad, go running to your creditors to beg for leniency.

Attention is a rare commodity, according to the head of the region’s biggest media buying house.

A platform is typically one that allows others to build freely and openly on top of itself.

Are these new local brands leading the charge for global mindshare, or are they seriously lost in global translation?

Federal government and the government of AJK failed to reach compromise over payment of outstanding electricity dues.

Participants of the meeting called on OIC to consider establishing an emergency fund to address natural disasters .

The IMF said it would discuss with Pakistan officials the steps to be taken by the fund to ease the country’s pain.

Gold prices remained range bound in the outgoing week, with per tola rates closing at Rs39,379.

Cotton prices continued to decrease as the initial panic brought on by the floods in began to subside.

Thai Airways International is working actively to boost tourism numbers to previous levels.

Almost 80 per cent of the poultry that is produced in Pakistan is dependent upon chicken flocks imported from the US.

The market remained range-bound and closed almost flat with a slight gain of 0.4 per cent during the week.

This was revealed by the data released by the All Pakistan Cement Manufacturers Association (APCMA).

Duty-free items imported during 2009-10 included petroleum products, pulses,vegetables and other essential food items.