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First ever: Nokia holds global mobile launch in Pakistan
Finnish giant unveils low-end Series 40-powered mobile phones.
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An abortive plan: Pak-Iran barter trade deal hits major roadblock
Tehran rejects Pakistan’s wheat, demands cash for urea supply.
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‘Trade between Pakistan and India to be mutually beneficial’
USAID chief economist considers bilateral trade a positive development.
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Software piracy costs record $63.4 billion in 2011: Study
China was the worst in Asia with almost $9.0 billion worth of computer programmes obtained illegally in 2011.
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Five Pakistani students compete in Intel ISEF 2012
They compete for over $3 million in prizes and scholarships against 1500 students from over 70 countries.
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India says it will cut Iran oil purchases by 11%
Indian refiners expect to import 15.5 million metric tons of crude from Iran in the fiscal year that began April 1.
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Fresh push to kick-start dormant Gwadar port
Government to prepare master plan, study international models.
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Pakistan and Oman sign agreement
Transparency, efficiency in securities and commodities markets to be ensured.
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Agriculturalists stress proper use of silage
Deplore low productivity in the dairy sector.
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Diamer-Bhasha affectees provided mobile health unit
Unit will serve as a facility for people residing in difficult-to-reach areas.
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Market watch: Stocks flat as investors eye US-Pakistan relations
Benchmark KSE-100 index slips 2 points.
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Planning Commission: Body may stop providing economic targets
Looks to reform growth targets in line with projection theory.
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Alluring profit potential: Thar coal attracts German interests
Berlin will hold trade shows in Pakistan along with FPCCI.
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‘Many women do not make it to senior positions in IT’
High drop-out rate due to marriage, motherhood main reasons.
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Iraq venture: Chinese firm backs out; PPL to proceed alone
Ministry still going to seek approval today from Economic Coordination Committee to proceed with the project.
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US-Iran standoff: Global oil suppliers seek war risk insurance
Demand was prompted by Tehran’s threat to block main supply channel.
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Temporary arrangement: Provinces to receive 80% of sales tax on services
NFC meeting goes ahead despite absence of Punjab, Balochistan FMs.
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Alternative energy projects to generate 1,500MW
AEDB official says under Rural Electrification Project 3,000 solar home systems provided to 49 villages in Tharparker.
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2009-10 report: Unspent balances of zakat not surrendered
Audit report reveals violation of the 1980 Zakat and Ushr Ordinance.
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OGDC ‘glossed over’ multimillion-dollar contract
Official says he ‘forgot’ to add project in the list sent to NAB.
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Natural disasters: Global warming helping heat up geo-political climate
Resource-exploitative activities may cause skirmishes or even all-out war.
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Restructuring of public sector enterprises
Measures include improvement in corporate governance, service delivery.
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Morality, technology and impact on prices
The moral leanings of a society can be influential in determining at what price goods are sold.
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Looming water scarcity due to changing weather patterns
Pakistan is fast shifting from a water-stressed to a water-scarce country.
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The benefits of business with a large food company
Engro says it makes prompt payments and helps increase output.
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Entrepreneurs are the saviours of nations
Entrepreneurs create wealth and foster innovation, which helps countries succeed.
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Power companies not to be outsourced anymore
Qamar says power firms will not be privatised at any cost.
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Government asked to exploit all sources of energy
Exploration companies call for increasing wellhead gas price.
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Economic vision: MQM unveils Altaf Hussain’s financial proposals
Calls for broadening tax base, pledges shadow budgets.
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Thar Coal Gasification Project hits a snag
Bureaucratic lobbies allegedly trying to cut its allocation in fiscal 2013.
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Government’s cut: Oil consumers pay Rs262b in taxes this year
Collection of petroleum levy, GST on oil products rises 16.6%.
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Weekly Review: Stock market undergoes correction
Banking, fertiliser and energy sectors come under pressure during the week.
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Limited access: EU to open gates for Pakistani goods but not for long
The bloc decreases special access to 18 months against initial plans of 36 months.
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OGDC reduces LPG price third time this month
Association seeks to delink local rates with global prices.
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APTMA wants level playing field in India
Demands equal opportunity, asks for change in banking policy.
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Market Watch: Stocks continue to slide as US increases pressure
Benchmark KSE-100 falls 190 points.
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‘Fruit smuggling costing Pakistan at least $40m’
Trade will dent further due to sanctions imposed on Iran.
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Fate of EU concessions package uncertain
May be redrafted after opposition from Spain, Portugal and Germany.
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Body tasked with GM crop approvals effectively dysfunctional
Developmental project expired in August 2011, has been dormant since.
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Car sales decline for the first time this year
Suzuki’s lower segment falls behind rest of the pack.
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Tug of war: Ministries differ over incentive package for IPPs
Power ministry proposes waiving penalty, paying full capacity charges; finance ministry refuses.
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Pay for other’s inefficiency: Power consumers to bear interest cost of TFCs
Interest will be around Rs10.6b on certificates worth Rs80b.
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Budget forecasts: Forex reserves to almost halve by June 2013
Annual plan committee paints a bleak picture for the next fiscal.
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Remittances rise over 20% to $10.88 billion
Monthly remittances during first ten months of fiscal 2012 average $1.09 billion.
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HP Global Influencer Summit concludes
Company’s leadership terms bendable touch screens as the way forward.
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‘Petroleum ministry needs to take control of OGRA’
NA body sends 50 recommendations to govt but in vain.
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Government concedes delay in IP gas pipeline project
Official says Islamabad is facing difficulty arranging finances for project.
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Market watch: Stock market takes a beating
KSE’s benchmark 100-share index plummets 193 points.
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Indus Motor for gradual cut in import duties
CEO says this will help increase local vehicle production.
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Trade deficit overshoots annual estimate by $5.5b
Drop in exports, double-digit growth in imports widen trade gap.