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Weekly Review: Bourse hovers around historic high over monetary easing
Investors flock to propel the market over positive news flow this week.
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Expanding horizons: Expo 2012 to generate business deals worth $690m
Foreign delegates visiting factories to inspect product quality.
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Pakistan, US investors meet each other in first bilateral business moot
Purpose of conference was to get private sectors to focus on investment opportunities available in both countries.
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Lahore chamber: Interest rate cut a ‘half-hearted attempt’
“The decrease will hardly improve the investment scenario,” says LCCI President.
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Businesspersons interact with British counterparts
Reception held in honour of visiting delegation from the UK.
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PNSC to provide logistics to PSO’s oil imports
Shipping company will handle 3 million tons of furnace oil annually for PSO.
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EU to help train 12,000 in K-P, FATA
The 4-year programme will get 3.8 million euros in assistance.
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Corporate results: Nishat Mills profit declines 27% year-on-year
Falling cotton prices, climbing finance costs, other expenses hamper growth.
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Market watch: Investors book profits ahead of weekend
Benchmark KSE-100 index sheds 35 points.
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TDAP advice: ‘Market products effectively, country can hit $50b export mark’
Japanese company signs deal for import of mango juice at Expo.
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Absent watchdog: No banking ombudsman to serve consumers since May
In the absence of authority, no one to address private individuals’ issues with banks.
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Going north: Habib Metro Bank sets eyes on expanding presence in Punjab
Bank plans on diversifying its loan portfolio and revenue streams.
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View from McLeod Road: State Bank continues to squeeze banks
Hopes to make govt lending unprofitable, forcing banks to lend to private sector.
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Monetary policy: State Bank cuts benchmark interest rate to 10%
Move was widely anticipated after better-than-expected inflation numbers for September.
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SBP directives: Banks to add one ATM with every new branch
SBP stressed that banks having less than one ATM per branch would cover the gap in five years starting 2013.
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OMV, Eni, PPL ink deed to develop Latif gas field
Field can contribute 100 mmcfd of gas in 2014.
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Corporate results: Nishat Chunian profits plummet
Registers a decline of 52% to Rs699m for fiscal year 2011-12.
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Business centre to connect Pakistan, China
Business Development Centre to be set up in Lahore.
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India contracts to import 5,000 tons sugar
Indian traders find price of $545 per ton attractive enough to buy.
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Bring political will, rather than tax amnesty, says OICCI
Such schemes encourage high earners to stay out of tax net
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Questions raised over new corporate governance code
Companies, KSE, regulator discuss the revised code.
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Market watch: Bourse continues march on to higher levels
Benchmark KSE-100 index gains 77 points.
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Expo kicks off with focus on long-term business ties
Some stalls were empty despite ‘interest from foreign buyers’.
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Laissez faire!: Prime minister approves tax amnesty schemes
Bill may be moved in parliament’s next session for final approval.
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Foreign assistance: EAD grilled over non-utilisation of loans
Exchequer has paid millions of dollars in commitment charges due to failures.
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IMF warns of deteriorating Pakistan economy
IMF report says printing money to finance deficit could lead to a return in double-digits inflation.
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Tax dodgers risk cancellation of NICs, passports as revenue collectors look to tighten screws
Federal Board of Revenue submits schemes to finance ministry for approval.
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Acquisition : PARCO acquires Dutch-owned SHV Energy
SHV Energy Pakistan was previously a 100% owned subsidiary of SHV Calor Asia BV (Netherlands).
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Islamic finance : Standard Chartered launches Islamic Euro Nostro Account
Bank Alfalah is the first to sign an agreement with the British-based bank for Islamic Euro Nostro Account.
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Over 100 foreign companies likely to visit carpet show
Hand-knotted carpets will be put up for display at the exhibition.
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‘Germany has started 14 projects so far’
It has invested in alternative energy, infrastructure in Pakistan.
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ADB enhances Pakistan’s growth forecast to 3.7%
Cuts growth estimates for Asia, says boom period almost over
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Transferring money: Pakistan Post steps up competition by introducing e-service
Around 17 post offices offer Electronic Money Order service in 11 cities.
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Entrepreneurship: Shunning Wall Street to pounce on a business opportunity
Amber Road Trading Company to connect South Asia with Latin America.
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Powering the future: Thar to provide fuel for all coal-based power plants
Existing, new power projects to be designed as per Thar coal specifications.
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Power tariff comes down marginally
NEPRA cuts rate by 5 paisa to adjust for changes in fuel price.
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Ploughing through : Bullish sentiment pulls KSE to all-time high
Becomes second stock market to breach previous record since global financial crisis.
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Thar coal to power all coal fired power plants in the future: PM Ashraf
Prime Minister directs Ministry of Finance to provide sovereign guarantee to SECMC.
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Karachi Stock Exchange closes at all-time high
The market breached the previous record of 15,676 points – achieved on April 18, 2008.
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World bank report: Jobs drive economic development
“It is not just the number of jobs, it is also what people do,” says Martin Rama.
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Denying allegations: Impression that industries going bust incorrect
"The industrial sector had shown reasonable growth during the last two years," says Kaira.
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Exporters demand release of duty refund
They need money to meet orders for New Year, Christmas.
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Watchdog steps up activity against polluting industries
Shuts down one unit; issues Environment Protection Order to another.
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Underprivileged get access to microfinance
Unilever, NRSP to help these people set up shops.
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Speakers stress enhancing crop yield
Investment in R&D can address food security issues in South Asia.
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ADB signs deal to help promote Islamic finance
MoU to strengthen Islamic finance sector in developing countries.
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Market watch: Bourse rallies to close near all-time high
Benchmark KSE-100 index adds 88 points.
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ECC still undecided on policy for new entrants in motorcycle industry
Discussion continued for four hours, but concluded without a final decision.
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Liberalised trade: for better or for worse?
Survey highlights strong opposition among businesses to opening up of economy.
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Pakistan may tap US gas reserves to quench energy thirst
Government considering investing in shale gas field in US.