Business

Powering tubewell pumps with solar energy can save 7,000MW: expert.

Accountant General Punjab withheld income tax of govt employees.

Benchmark KSE-100 index jumps 163 points.

Major industrial, commercial centres stay closed after killing of a political activist.

Forced Islamisation halted bank’s progress, says CEO Bilal Mustafa.

Power companies send notices to the state-owned Central Power Purchasing Agency for clearance of Rs42b dues.

MMA Airlines will fly from Ras Al Khaimah to Lahore and Karachi from May.

SECP has waived monthly subscription fee for SMS alert facility provided to investor account holders by the CD.

Benchmark KSE-100 index gains 13 points.

Adamjee Insurance’s net profit plummeted 73% to Rs132 million in 2011.

Shahbaz Sharif to stand by industrialists at march against electricity price hike.

Finance ministry asked to release Rs4b to keep the plants running.

10 more trains scheduled for public-private partnership programme.

With this latest product, MCB intends to redefine customer behaviour by building POS usage habit on debit cards.

The last foreign shareholder looks to offload shares while Dawood Group and Allied Bank vie for stake.

Shell, Byco, Attock Petroleum to benefit from US giant’s departure: Merrill Lynch.

Threaten strike against fuel price adjustment charges.

Outlet will cater to demand for luxury electronics.

Mediocre performances amid stagnant production levels leave companies with no other choice but to increase prices.

US women are the world’s largest economy based on purchasing parity.

Entrepreneurs do not require a lot of money, just a creative mind.

Since lawn is such a popular fabric, why not market it abroad?.

Crippling outages, rising production cost has hurt industries.

Former PIA managing director currently is a serving pilot.

Major oil companies contemplating expansion plans.

Market for higher end goods continues to expand despite economic slowdown.

Company board, instead of prime minister, will appoint CEO.

Political situation and uncertainty of the Capital Gains Tax regime kept the index range-bound.

Rao Qamar takes over as PIA managing director. Nadeem Khan Yousafzai reassigned as DG CAA.

Pakistan Economy Watch for reversal of policy introduced by Pervez Musharraf.

Greater involvement sought in auto industry.

Argentinean Deputy Ambassador says purpose of his visit was to promote bilateral relations with Pakistani businessmen.

Students of an aviation institute succeed in securing jobs during studies.

World Bank picks Lahore from SAARC region to set up research lab.

Project located less than a kilometre from the holy shrine

Farmers complain that the increase in wheat support price is not enough.

Law ministry gives go-ahead for fresh bids.

TAPI is consistent with US policy of diversifying export routes for Turkmen gas

Notification allowing import of various fuels expected next month.

Exploration companies to be rewarded for 10% increase in output.

Expert for building big dams, adopting modern farming techniques.

Rumours of delay in CGT, govt-judiciary tussle keep investors away.

Bilateral oil trade, joint exploration also on agenda.

Economist criticises commercialisation of housing sector.

Minister hints at rise in gas prices, but not in near future.

The bank withdrew from project in 2009 due to environmental concerns.

How one company in Faisalabad is reaping the rewards of investing in research and productivity increases.

Scrips will be sold in stock market through secondary public offering.

12 countries could be subject to US sanctions unless they significantly cut purchases.

Lesco’s short fall was 1000 MW, but this has since been increased by Pepco without proper exchange of information