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Health insurance: State Life to launch scheme for UAE
Insurance giant has witnessed exceptional growth in the Gulf region.
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SECP re-launches amnesty schemes
Companies are offered regularisation, easy exit schemes for 2 months. eServices will not be available under CRS, CEES.
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Gas supply suspension period extended to three days
Industrialists oppose and urge SNGPL to reverse its decision.
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Pak Datacom CEO reinstated; acquitted of all charge
Malik filed a petition after the board dismissed him from the post.
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Power shortage: IPPs to run on 100% capacity now
Govt supplies furnace oil for one week to power companies.
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Some see Waterloo for troubled BlackBerry maker
RIM reported a widening loss of $518 million and steep slump in sales, but it also said it would cut 5,000 jobs.
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Weekly Review: Subdued activity continues amid low participation
Fertiliser sector witnessed a week to forget.
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Bad aim: FBR misses annual tax collection target
Revenue shortfall of Rs80-85b will widen budget deficit.
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Samsung to fight block on US sales of Galaxy Nexus
The company said it was working closely with Google to resolve the matter.
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Government slashes prices of petrol, CNG
Prices of petroleum products reduced by as much as Rs6.44. CNG pries slashed by 7.07%.
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Allai Khwar project nears completion
River has been diverted after construction of dam.
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WASA’s power supply restored after six hours
Power utility cuts off electricity as WASA’s dues soar.
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APTMA criticises gas management efforts
Says low pressure gas supply to industries has halted operations.
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Bhel offers to supply diesel locomotives to Pakistan
If offer is taken, it will be the first such order for an Indian manufacturer.
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PCRET installs 300 solar power systems
Council has also developed hydel and wind power sources in rural areas.
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Market Watch: Gains pared on last trading day of FY-12
Benchmark KSE-100 index sheds 4 points.
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Mobilink to raise Rs2 billion for expenses
Cellular service provider to issue TFCs for institutional investors.
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More funds for food subsidy, less for industries
Punjab focuses on temporary relief instead of creating jobs.
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CNG kit smuggling in full force, say dealers
Major importers question the continued availability of equipment after government imposed ban.
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Short-term investment: To encourage savings, govt launches new scheme
Returns of National Savings Scheme raised across the board.
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Oil trade: Pakistan and India not on the same page
Islamabad seeks only petrol while neighbour expects a much larger order.
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Russian Team: Talks on gas pipelines
Both sides discussed treaties and financial modalities of the projects.
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Cabinet committee: Pakistan Steel revival plan wins green light
Capacity utilisation of mills will be enhanced to 60% by end of 2012-13 from a current level of 20%.
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Fuel prices to fall by up to Rs6.44 per litre
Ogra recommends passing on full reduction in global oil prices to consumers.
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Financial access: Banking, the convenient way
Average daily branchless banking transactions increased to 280,798 in the third quarter of fiscal 2012
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Sindh chief minister visits KCCI
Assures govt action on law and order; revival of economic activities.
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ICAP showcases revised Audit Practice Manual
Workshop held to outline amendments and structure of the document.
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‘Power crisis slashed Punjab GDP growth by 2%’
LCCI lauds govt’s decision to withdraw gas cut plan.
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Market watch: Stocks close flat as fiscal year nears end
Benchmark KSE-100 index adds 6 points.
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Experts for adopting ‘controlled atmosphere’ technology
This can increase shelf life of fruits and vegetables by up to 40 days.
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Pakistan should think about Reko Diq carefully: Thomson
UK High Commissioner talks about the impact on foreign investors.
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‘Dismal economy restricting broadband penetration’
Service provider also blames affordability issues, lack of infrastructure.
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Avenues for cooperation: Russia offers $500m for electricity import project
Money will be spent on establishing a power transmission system.
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Warid launches mobile app store
Warid Telecom announces launch of its mobile app store MyAppsMall for both prepaid and postpaid users.
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Microsoft loses EU battle, fine trimmed by 4.3 percent
Microsoft expresses disappointment at the verdict, did not say if it would appeal to the EU Court of Justice.
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Google goes up against Amazon, Apple with 'Nexus 7' tablet
The tablet, built by and co-branded with Taiwan's Asus, will sell its first tablet from mid-July for $199.
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ABAD meets with senior police officials
Discusses law and order situation in the city and police’s preparations.
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OGDC misses drilling target for third year
E&P sector focuses on existing reservoir rather than finding new sources.
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Rice exports once again cross $2b mark
Energy crisis, stiff world competition could not restrict exports.
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EASA to launch aviation training facility in Karachi
The maintenance training academy will provide UK aviation licences.
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Going public: Aisha Steel Mills aims to raise Rs100 million
Shareholders to offload 3.7% of their stakes.
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Market watch: Stocks rebound even as investors remain wary
Benchmark KSE-100 index surges 143 points.
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Award of $50m contract brought into question
Private firm alleges favouritism; demands action.
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Breakthrough: Pakistan to award gas pipeline contracts to Russia
Understanding reached, deal to be on govt-to-govt basis only.
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Power tariff increased by Rs1.51 per unit
Increase will be implemented in December.
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Desperate measures: FBR blocks refunds, forces banks to pay advance tax
Has to collect Rs142b in last four days of current fiscal year.
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India readies upgrade of 'world's cheapest' tablet
The first edition was criticised for its quality and distribution.
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CNG sector: Proposal to increase power supply submitted
Halting gas to captive power will add 2,500MW to national grid.
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PSO faces spectre of default on international payments
Seeks release of funds before June 29 as receivables swell to Rs212b.
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Top slot: Habib Bank appoints new president and CEO
Incoming CEO brings 30 years of banking experience.