Business

Highest selling car Corolla sales slow down as Mehran catches up.

Production ministry seeks loan guarantees for state-owned Pakistan Steel Mills.

Gap in interbank, open market dollar rates encourages use of hawala system.

Deficit position may worsen earlier than government expectation.

Marketing company to first purchase oil from domestic refineries.

Talk of foreign selling did not perturb local investors.

The energy shortfall and high urea prices are likely to affect the performance of industrial and agricultural sectors.

Links financing with award of multibillion-rupees contract to state-owned firm.

China sees loss of millions of jobs as global demand falls.

Insiders blame procurement policies, low production for red ink on the company’s financial statements.

Potential to bring about positive socio-economic change is huge.

Machines are being sold as scrap at throw away prices.

The acting governor of the State Bank appears less willing to be confrontational with the finance ministry.

The 1.5% decrease is far beyond that expected by analysts; likely to spur rally on the stock market.

Kabul resents Islamabad’s restrictions on its transit trade, meant to curb smuggling.

FBR insists NLC is liable to pay tax and has approached the Law Division to get its opinion on the issue.

These guards will provide special protection to businessmen.

Parco’s new price is slightly lower than the rates of other public sector producers.

Stored water from these will be utilised to irrigate agricultural land.

Companies request petroleum ministry to ease debt burden.

KSE’s benchmark 100-share index gains 92 points.

The death of Apple’s inspirational leader is likely to give major rivals a greater chance to catch up.

Former Apple CEO, Steve Jobs, kept a tight grip on his company as he resurrected the dying technology firm.

SBP asks banks for uninterrupted ATM services in flood-hit areas.

Bumper crop in Punjab compensates for losses in Sindh.

Law ministry approves changes to the regulations.

Price increase of 32 per cent does the trick for the sector.

Project to help ease power shortage in Faisalabad’s industrial areas.

Pakistan Microfinance to conduct study on the sector.

Most expect discount rate to be reduced by 100 basis points.

Terminal at Port Qasim will handle 400-500 mmcfd of gas imports.

KSE’s benchmark 100-share index crawls up 15 points.

Major trading centres remain closed while industries run as usual.

MD PEPCO says they are investigating the unscheduled power shutdowns.

An out of box solution has become an urgent need of the hour to deal with unprecedented energy shortage in Pakistan.

50 branches to be opened in province by year-end.

One-off gains by industry giants act as a catalyst.

Govt urged to step up exploration, improve management and supply.

New LPG policy forces all LPG producers to reduce LPG prices by Rs11,700 per ton, cut price on cylinders.

Seeks World Bank assistance to increase credit from Rs70b to Rs895b.

Citi selected for the job to advise on funding solution.

Poverty termed major reason for low demand.

Scarcity of resources cuts number of projects to 1,252 from over 1,900.

KSE’s benchmark 100-share index drops 29 points.

Further 52,000 tons coming next week that may ease shortage.

Investors encouraged to borrow from foreign banks.

Private sector will take decisions and enjoy financial autonomy without govt intervention.

Rates rise despite a cut in excise duty in budget.

Farmers purchase all agriculture inputs at very high rates, but the end crop is being purchased at very low price.

Industry welcomes move; asks ministry to engage with them.