Business

Ishaq Dar says national debt has doubled to Rs12 trillion during the govt’s tenure.

Businessmen say government had not provided any substantial solution to the power crises.

Industry grew by 6.46% against last year’s negative growth of 7.09%.

WAPDA chairman lays stress on safety and protection of project.

Cement gets a good deal while fertiliser’s dark days continue.

Despite failing to address key issues, fixes for ailing departments, SCCI President says budget is balanced.

Cellular operators ignore guidelines as regulator has no ruling on the subject.

Daily average value of shares traded increases 6% to $58 million.

13% of development budget set aside for water programmes.

Surges 12.3% in May; data indicates price pressure may continue next fiscal year.

Power sector will receive a big chunk of Rs135b.

Benchmark KSE-100 index gains 90 points.

Development budget enhanced by Rs143 billion to Rs873 billion.

Real estate sector brought into tax net; revenue targets enhanced 22%.

Foreign debt repayments of $2.3b due this year, local debt keeps getting shorter in tenure.

Budget appears to be targeted towards satisfying not the average Pakistani voter but the executive board of the IMF.

US economy added just 69,000 jobs in May, less than half what analysts expected.

Around Rs3.205 billion allocated to the Defence Division, Rs15.800 billion to Higher Education Commission.

Express News obtains copy of Budget speech. Tax base to be increased by bringing in new taxpayers.

The two sides will also debate Five-Year Engagement Plan concluded in January 2012.

New mechanism implemented for revising oil prices on a fortnightly basis.

Pakistan Petroleum wins gas Block 8 in Diyala and Wasit provinces.

Says Pakistan faces no risk in making IMF repayments.

Benchmark KSE-100 index falls 85 points.

730,000 new consumers added despite electricity shortfall.

Gas infrastructure cess likely to be increased to finance pipeline projects.

Project completion to take three years; Iran to provide 70% funding.

While activity picked up slightly in 2012, most subsectors are still contracting.

Domestic borrowing accounts for 60% of total debt.

Among major crops, rice and cotton register impressive growth.

Amount is higher than foreign loans expected next fiscal year.

The currency slid 0.9% to 93.8350 per dollar, which is a record low.

Finance minister highlights overall performance of economy during the out-going fiscal year.

Suggests major slashing of fuel prices across the board.

Despite fall in international prices, domestic rates may climb Rs8.8 a kg .

Proposes to replace RGST system with the previous regime.

Benchmark KSE-100 index sheds 200 points.

Bilateral trade may double after realisation of PTA.

Takes advantage of FBR’s scheme and does not pay surcharge.

Govt has run into multiple defaults, yet to settle an approved partial payment.

Karkey tight-lipped until restraining order on ships is removed.

One of Karachi's fastest growing startups set to expand.

The overall rate of inflation over the last two years (April 2010-April 2012) went up by 25%.

The IMF says Pakistan needs to raise tax revenues substantially to reduce the deficit sustainably.

SAARC members should take steps urgently to bridge skill gap: Srivastava.

Payment system infrastructure continued to grow as 203 more ATMs were added during the quarter.

Senator Khosa says Punjab govt was taking all possible measures to increase trade, economic relations with Iran.

Bank demands money for oil purchases on credit from Kuwait.

Over-reliance on India for strategic products could imperil security.

The airline is currently operating with only one aircraft.