Business

The stock market witnessed a dull day of trading and closed positive with investors remaining on the sidelines.

The Asian Development Bank (ADB) approved two loans worth $270 million for reducing infant and maternal mortality.

Mild bar (sarya) prices have dropped by Rs3,000 per ton in three weeks to reach Rs55,000-57,000 in the domestic market.

A team of the WB is offering equipment and technical support to control the Rs7.5 billion per annum gas losses.

Lahore Stock Exchange Managing Director Shakeel Aslam resigned from his post over allegations of misappropriation of funds.

The KASB Group has decided to establish a new financial holding company which will bring in foreign investment of $40 million

The KSE benchmark 100-share index rose 0.34 per cent, or 33.07 points, to end at 9,715.39 points.

The Lahore Chamber of Commerce and Industry (LCCI) on Wednesday unveiled the National Economic Agenda 2010-30.

A Gas Act is in the offing and is likely to be on the ground in the next six months.

Vital foreign assistance worth $5 billion could be delayed because terms which had been agreed to were not met.

In Pakistan, 38.5million people lack access to safe drinking water and 50.7million people lack access to improved sanitation.

Duties on the manufacture and import of solar panels should be reduced from as much as 28 per cent to as low as 6-7 per cent.

Lotte PTA’s revenue will fall going forward with Purified Terephthalic Acid (PTA).

The Sindh government has refused to exempt Islamic bonds worth Rs30 billion of Rs1 billion stamp duty.

The Karachi Stock Exchange saw another satisfactory day as key indices showed an upward trends on Wednesday.

The MSCI considers Pakistan to be insecure in terms of financial and institutional framework.

Pepco has rejected the Transparency International Pakistan’s report about expected losses to the company.

The board of the Civil Aviation Authority (CAA) on Tuesday approved a revised recruitment and promotion criterion.

Electricity prices are set to rise a third time in nine months as the government has assured the International Monetary Fund.

A positive day was seen at the Karachi Stock Exchange on Tuesday with key indices closing in the positive zone.

President Asif Ali Zardari has said that “we will not take revenge of Benazir Bhutto’s murder.

Banks disbursed Rs215.039 billion in agricultural credit in the first 11 months (July-May) of the current fiscal 2009-10.

If the government is serious about balancing its budget and becoming austere, it should reduce its own workforce.

The Karachi Stock Exchange saw several dips and crests during the opening day of the week.

Rice crop is expected to drop by 14% as compared to the last seasonal produce after India has limited water supply.

Consumer electronics giant Sony has seen its valuation drop by 80 per cent over the past decade.

The government has in principle agreed to use explosives to blast boulders blocking the flow of water through Attabad lake.

The just distribution of resources is the responsibility of the state.