Business

French ambassador says duty waiver will help develop local economy.

Company to produce 40,000 barrels of diesel per day in 2016.

Net profit falls 8% to Rs4.18b as company posts loss in final quarter of 2011.

Lifeline consumers, fertiliser plants may be offered direct subsidy.

Telecom develops filtering software to block blasphemous pages.

Punjab’s real estate companies offer more affordable units in their gated compounds.

Incentives for for travel agents announced as PIA also reduces some booking charges

Rs9 per kg price hike likely after increase in Saudi contract price.

KSE’s benchmark 100-share index declines 66 points.

KESC CEO urges ACCA graduates to reverse brain drain in the country.

LCCI brings up other factors that hamper trade ties including uncooperative officials.

Experts call for adopting international standards to avoid crop wastage.

Company beats market expectation by posting net profit of Rs10.8 billion.

The bank cleaned up its balance sheet, got more capital and is now going after more customers.

Power ministry rejects proposal for including fuel price changes in tariff.

Islamabad asked to seek unilateral trade concessions instead.

LCCI president brings up other obstructions to trade, including uncooperative customs officials and labour shortages.

The country’s second largest oil and gas explorer witnessed an upsurge of 21% in net sales to Rs45.3 billion.

Dealers were legally bound to pay 1% turnover tax, which was neither prudent nor sustainable.

Shafique who has 20 years of experience under his belt was previously head of sales at Nokia Pakistan.

Pakistan has won election for three consecutive terms.

Oil purchase committees being set up despite increase in credit limit from PSO.

Country’s second largest oil, gas explorer witnessed an upsurge of 21% in net sales to Rs45.3 billion.

Ministry of Petroleum & Natural Resources had submitted a summary seeking approval for raising the expenditure limit.

KSE’s benchmark 100-share index declines 42 points.

Lack of value chain, traditional methods termed main hurdles.

Proposes hefty increase in gas price, taking it to 90% of petrol rate.

Reddy says Pakistan would also consider proposal to import Indian petroleum products.

Revenue of telecom operators in Pakistan swelled to Rs363 billion in 2011, registering a boost of 5.4%.

Tensions between Iran and the West were also supporting oil prices, analysts said.

Lack of coordination between ministries aggravating energy crisis.

Speakers highlight features of eServices regime for companies.

Domail-2 well, which is undergoing a drill stem test, has been suspended.

Unscheduled outages stopped after improvement in production: Qamar.

Benchmark index drops 46 points after gaining 520 points in previous two sessions.

Engro Revenues grew by 43% to Rs29.9 billion while gross margins grew by 1.23% to 22.2%.

Need to rethink approach in light of 18th Amendment.

Some see benefits from liberalised trade while others feel threatened.

Punjab sought more reliance on oil-based plants to improve goods supply.

Technology will cover everything from a small pan shop to the remotest wedding lawn

Industrialists hit out at SNGPL for breaching its promise and failing to restore gas.

A substantial number of the pests were found in the reservoir.

Oppose appointment of FESCO CEO from private sector, fearing lay-offs.

Winners will be announced on February 18.

Two-day workshops will be held in Lahore, Karachi, and Quetta.

Govt refuses to release more precise numbers of liabilities in the power sector.

Competitor Mortein had lodged a complaint with the CCP.

Trade volumes surge to one-year high as govt eases regulations.

Wapda says the basic issue of majority power distribution companies is poor governance and limited accountability.

High raw material prices main reason for the decline in 2011.