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Karachi’s law and order situation continues to anger businesses
FPCCI calls for army to assist civil administration.
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National Refinery’s profits hurt by lube business
Refinery posts a 3% slump in profits to Rs802 million for first quarter of fiscal 2013.
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Corporate results: Fauji Fertilizer Bin Qasim’s profitability improves over previous quarter
Although earnings are down 70% YoY, company does 44% better on sequential basis.
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Finance ministry says growth to remain over 4% this year
Spokesman also clarifies aspects of meeting with ADB.
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KESC, Engro ink accord to pursue projects of mutual interest
Deal covers fertiliser off-take agreement, power plant in Thar, among others.
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Market watch: Bourse rallies on strong outlook for cement sector
Benchmark KSE-100 index gains 114 points.
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Disparity in pay scales: Civil servants must wait for pay raise
Committee discusses three options, tries to avoid more strain on budget.
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Tarbela Dam extension project to be awarded by April 2013
Process of awarding contract underway; project cost estimated at $929m.
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Visit to Kishanganga Dam site: India has stopped work following court’s orders
Chinese firms threaten to abandon Neelum Jhelum project over delay in clearance of dues.
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Rising energy costs: SC questions linking CNG price hikes with petrol
Apex court seeks details of weekly price review from Ogra, petroleum ministry.
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Austria to bid for power projects
Expresses interest in investing in Tarbela-V extension, other projects.
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SECP opens management training scheme
Securities regulator will induct 30 management trainees.
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Gems expo to showcase the best Pakistani products
Stakeholders consulted for possible suggestions for event.
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Pakistan Oilfields profits slump; down a billion
Attock Refinery, Attock Cement post healthy growth in earnings; 65% and 69% respectively.
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Corporate results: Engro Foods earnings skyrocket, profits 300% higher than last year
Improvement attributable to higher sales and improved gross margins over the year.
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‘Hydel projects vital for economic development’
WAPDA chairman briefs K-P governor on progress of ongoing water projects.
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BOI chairman’s visit to Turkey concludes
Istanbul, Islamabad discuss means to improve bilateral relations.
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Market watch: Results yet to impact investor sentiment
Benchmark KSE-100 index adds 25 points.
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Coal-based power plants: Financing worth $1.14b under threat
ADB asks government to lift ban on coal import for power plants.
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High cotton supply dispels crop loss rumours
Ginning factories receive 12% more cotton this season.
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Diamer Bhasha: Only reforms will pave way for dam financing
ADB urges Pakistan to rationalise tariffs and improve governance.
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Khar to take up issue of relaxations in US visa for businessmen
Khar says Pakistan needs a stable relationship with neighbouring countries and keep policy consistent.
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Cooperation without trade
Existing trade structures of ECO member states are oriented towards West or East, not towards one another.
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SC grills petroleum ministry over CNG, LPG price fixing formula
Apex court seeks details of petroleum development levy usage.
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Project Alipur: Women artisans exhibit their work for ‘city customers’
Almost 400 products, including bags, cushion covers, wallets and lampshades, are on display at the exhibition.
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PASSCO asks NA panel to help recover dues
Grain agency faces financial crunch as receivables reach Rs19b.
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Bank of Khyber: Assets reach Rs77b
BoK branch inaugurated in Bahawalpur.
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Weekly revision of CNG prices questioned
Industry terms it a violation of the OGRA Ordinance, 2002.
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EU scheme likely to give a boost to textile exports
Exports may rise 31% under trade preference scheme.
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75% businesswomen do not have access to microfinance
WB says women entrepreneurs rely on savings, assets, family loans.
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Oil price impact: KESC tariff cut by 44 paisa per unit
Cost of furnace oil for the company comes down.
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Power subsidies: Govt spends two-thirds of budgeted amount in three months
All financial benefits from the release of Coalition Support Fund have been wiped out.
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Corporate Results: MCB Bank profits a modest 7% higher than last year
Bank declares a cash dividend of Rs3 per share, taking total payouts in 9MCY12 to Rs10.
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Market Watch: Stocks close dullish as results fail to impress
Benchmark KSE-100 index sheds 20 points۔
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Corporate results: PTCL profits grow 7%, excluding VSS costs
Analysts expect telecom giant to rebound in next quarter due to salary savings, telecom gateway.
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After IGI, Adamjee expresses interest in MetLife Pakistan
New York-based insurance giant, however, is not committed to selling its local presence.
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Foreign investment in Pakistan plummets
Figures from SBP show net foreign direct investment from July to September was just $87 million.
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Trade with India: Given ‘right price’, Pakistan ready to import Indian oil
Countries plan to set up a 200km pipeline from Bathinda to Lahore for trade.
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Allai Khwar project: Trial production to start this month
Project's power plant, comprising 2 generating units of 60.5MW each, expected to begin production on a trial basis.
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‘After recent efforts, Pak-India trade growing’
Bilateral trade will transform business dynamics in SAARC region: Sabharwal.
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Irregular appointments, promotions: NESPAK in PAC’s cross-hair
Panel questions appointment of MD, ‘illegal’ promotions made by him.
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Shifting the focus to micro-insurance
Insurance companies need to shift gears if they wish to expand into untapped sector.
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Faisalabad woes: From textile hub to haven for scrap dealers
Weaving mill sold to scrap traders due to crippling energy shortage.
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Mobile phone banking accounts surge to 1.45m
New deposit mobilisation product, Easy Paisa Khushaal, launched.
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India to organise trade exhibition in Karachi
Indian officials are in the city to oversee pre-event preparations.
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Wheat stock sufficient to cater to demand
According to API, harvest clocks in at 23.5 million tons for 2011-12.
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Market Watch: Stock market consolidates amid uncertainty
Benchmark KSE-100 index falls 73 points.
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Cabinet Division rejects cut in age limit for import of used cars
Says industries ministry summary violates rules of business.
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Intellectual property rights: Punjab refuses to budge in dispute with Monsanto
Provincial govt refuses to acknowledge US agro giant’s right to sell its own seeds.
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Social media has developed so fast we don’t know how to handle it, says expert
Experts discuss the evolution and benefits of new technology۔