Business

After Karachi, system in Lahore and Islamabad will be connected online.

A consignment of around 3,000 tons of rice has been seized and quarantined.

Abraaj Group and JS Private Equity will partner with USAID to run fund.

Led by banking sector, index loses 108 points.

With deposit rates at seven-year low, outlook for the banking sector is dismal.

Govt is unwilling to pass on Rs2.61 per unit hike in power tariff to consumers.

Renegotiates deal with Chinese contractor, ministry seeks loan guarantees.

Says all efforts are being made to reduce instances of gas theft.

Mexican customs officials discover the shipment was contaminated by a tiny beetle that destroys grain products.

A strong social protection system will be introduced to tackle the issue of poverty, says Dar.

The overall import of mangoes of Mauritius is $ 1.5 billion annually.

PTEA lashes out at SNGPL for cutting off gas without informing stakeholder.

Processors better in performance, graphics and power consumption.

Says ban has hurt the car manufacturing industry.

If approved, it will ease burden of billions of dollars on consumers.

Local institutional activity buoys bourse to help it close green.

Officials claim utility’s agreement to buy 650MW from national grid is illegal.

Says the move will result in “undue harassment” by tax authorities.

Audit to cover fertiliser plants, captive power plants of textile units.

Tax authority forcing banks to pay advance income taxes to hide its own inefficiencies.

SNGPL warned that the company would conduct strict monitoring during gas holidays.

Transparency must be maintained during implementation of the policy, says premier.

Say it will help producers get better price for their products.

Mangos are one of Pakistan’s major fruit export.

Say priority to one sector over other will not solve economic woes.

Seeks lifting of a price cap imposed on gas from Sindh field.

Rumours of foreign selling pulls KSE to its worst loss in 2013.

Plans to build nine more after first is completed by mid-2015.

Brokers increasingly looking to the middle class to grow client base.

Once provided this amount, power producers will able to add around 2,000 megawatts to the national grid," says Yousaf.

Move expected to ease circular debt issue that plagues the entire energy chain and help curtail load-shedding.

Report cites 10% smartphone penetration, although 80% of phones found to cost less than $100.

The SBP traces its history to the pre-partition financial system. Here’s a brief timeline.

New managers need to establish a solid presence in popular imagination.

Here are a few pros and cons of the PML-N’s efforts to fix the economy.

As growth increases, nothing seems to hold consumers back.

Understanding the problem is key to enhancing economic growth.

Telecom industry looking at investment of $5-10b over the next five to eight years.

Safety concerns drive more and more people to gated communities.

Iqbal assured the delegation that government would address all problems faced by the private sector.

Ask government to withdraw some tax measures to provide stimulus to economy.

The stock price rise is based on some very faulty assumptions.

After end of training, 70% of graduates have started their own business.

Any fall in projected revenue will be overcome by increase in withholding tax on use of cellular phones.

Market index had risen by 21% since the start of May.

Only elected representatives should have the power to set tax rates in a transparent manner.

The current economic situation doesn't allow for reversal of GST rate, says finance minister.

The reduction of 0.5% in the discount rate will be effective from June 24.

IMF delegation assured that cooperation and investment in health, education and energy sectors would be considered.

FBR Chairman says all heads of Large Taxpayer Unit, Regional Tax Offices directed to monitor markets on a daily basis.