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Cement plants running at lowest capacity in 10 years
Domestic sales rise 13%, exports fall 8% in December.
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Banks stopped from opening anonymous accounts
State Bank asks them to conduct due diligence before opening an account.
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Karachi-Lahore route: First non-stop train to start running on Feb 3
Private company invests Rs226 million in Business Express.
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World LP Gas body irked by Ogra’s stance
Association opposes regulator prioritising CNG over LPG.
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Algeria plans 25 exhibitions this year
‘Country has very little interaction with Pakistan’s business institutions’.
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Engro Fertilizers raises urea prices by Rs210
Other industry players expected to follow suit.
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Power outages: Energy crisis linked to rising crime in Punjab’s industrial heartland
Property crime up 40% since 2007, uniting labour and industrialists against govt.
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Market Watch: Stock market continues downward trend
KSE’s benchmark 100-share index drops 62 points.
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Paperless pagri system still exists in old city areas
Hindus introduced the concept during the British Raj to keep ownership of their property.
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Alternative investments: Cyan - tailoring private equity to local market
The firm is creating an ‘eco-system’ to get around the informational asymmetry problem.
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2011: Pakistan IT industry's golden year
From app development to global recognition and a series of awards, 2011 was a good year.
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Pipeline repaired: SSGC restores gas supply
SSGC’s team replaced around 50 feet of damaged pipeline, in highly challenging weather conditions, it said.
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Forex reserves rise to $16.92 billion
Reserves gradually decline after peaking at $18.31b in July 2011.
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Search for oil and gas resources remains on the down low
Security situation continues to affect exploration programme: analyst.
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Indonesia seeking to enhance trade with Khyber-Pakhtunkhwa
Preferential Trade Agreement to be signed soon with Pakistan.
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Market Watch: Stocks fall as investors opt to book profits
KSE’s benchmark 100-share index drops 174 points.
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CNG dealers challenge blackmailing, theft charges
Say they are paying advance tax of 26 per cent on sales.
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Korean steel giant may make hefty investment
Other companies also plan to open offices in Pakistan.
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Encouraging reading habits : Bookseller tries ‘buy online, pay offline’ option
Earlier online purchase offer drew sluggish response.
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Electricity consumers brace for high bills
The time hydroelectric levels return to normal, the shortage will be met through IPPs, which will cost more.
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Not seeing eye to eye : SBP, Finance Ministry disagree on projections
Central bank and ministry paint contrasting pictures of the economy.
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Gas shortage: Punjab businessmen all set for Jan 7 protest
The LCCI president says that businessmen would continue to struggle until their demands are met.
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Make India remove agricultural subsidy before granting MFN: Agri Forum warns
Mughees says if rates of agricultural inputs are brought at par with India, agri products could be 25% cheaper.
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Restructuring: PIA employees seek meeting with defence minister
Say they want to speak to him before finalising their business plan recommendations for cabinet committee.
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Acquisition: Fauji Foundation only bidder for Askari Bank
Army Welfare Trust holds 50.57% shares in Askari Bank.
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Sri Lanka to take trade with Pakistan to $1b
Diplomat says rapidly growing economy offers investment opportunities.
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New agriculture project on the cards
USAID to help increase horticulture and livestock productivity.
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Urea Import: Agreement signed with Saudi company
Economic Affairs Division and the Saudi Fund for Development had inked an accord for the $100 million credit facility.
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Alternative energy: Consumers increasingly opt for solar power
Though expensive, this energy source leads to immediate savings.
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Tender: PSO to pay more for petrol purchase
Lowest bidder offers cargo for minimum $89 per ton against previous $77 per ton.
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Gemstone extraction: Controversial Gilgit-Baltistan mining firm shutting down
Mohsin Industries, owned by a HK national, has been laying off employees.
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Grounded for life: One year after crash, JS Air finally closes its doors
A fatal accident and declining oil exploration activity mark the demise of the charter air service.
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Rental value: Investing in Karachi’s posh DHA, think again
Commercial rents fall for third straight year; residential property remains stable.
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Market Watch: Bourse falls in dull session
KSE’s benchmark 100-share index drops 40 points.
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Civilian aid dries up: US refuses to fund Pakistan-American Enterprise Fund
The $300 million was intended to finance small and medium enterprises in the private sector.
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Cabinet raises power sector subsidy to Rs25bn
Gilani says that unscheduled loadshedding should be discouraged.
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APTMA suspends protests after Zardari sends Khosa with assurances
APTMA leadership is meeting with Punjab Governor Sardar Latif Khan Khosa at Governor House.
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Pakistani businessmen invited to int’l expo in Sri Lanka
Sri Lanka’s high commissioner extended the invitation on Wednesday at the Lahore Chamber of Commerce and Industry.
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USAID launches agriculture support project for Pakistan
Over 5 years,the Agribusiness Project will help livestock and horticulture producers improve productivity and quality.
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Pakistan reached 111 million mobile users in October last year: Report
Pakistan Telecommunication Authority reported 111,126,434 mobile users in October 2011.
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Zardari for swift clearance of imported fertiliser at Gwadar port
Move to help ease demand in far-flung areas and ensure price stability.
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Refining margins fall 12% to $3.89 per barrel
Naphtha defies the trend, improves on demand from Korea amid tight supply.
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ECC meeting: Govt finally decides to buy 378,000 tons of sugar
Flood-affected rice millers and traders to get loan relief; Lahore to get a new dry port.
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High car prices, late delivery drive customers away
Demand rises for used imported vehicles available at attractive prices.
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Fiscal breather: Islamic Development Bank rolls over $576 million debt
Pakistan will now pay back the amount over the next two years.
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Entrepreneurship: ‘Men hold more positive attitude than women’
Women are ambitious but they have a different set of priorities: study.
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Power crisis: FPCCI blames govt for mismanagement
Government urged to include input of business community in policy formulation.
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Market Watch: Inflation data boosts investor sentiment at bourse
KSE’s benchmark 100-share index jumps 120 points.
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Pakistan’s only coal-fired power plant gathering dust since 2006
The plant was leased to Jamshoro Joint Venture, but has been shuttered after its labour union sued the govt.
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Shutdown of CNG stations
The reality is that now we have little choice but to look abroad to meet our energy needs.