Business

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.

Manila-based lender has threatened to suspend tranches for the loans if Islamabad does not get its act together.

Founders and co-CEOs of Canadian telecoms company Research in Motion, Jim Balsillie and Mike Lazaridis resign.

Peace is not the absence of war but the presence of justice: Harrison Ford.

Mismanagement is a bigger factor in the current crises being faced by the country.

If consumers shop at home instead of going abroad, foreign exchange stays here too.

Pakistan’s coal reserves are in effect only the 134th largest coal reserves in the world.

Countries like Vietnam are projected to overtake current leaders like Canada and Italy.

Industrialists advised to look for alternatives as exports may get hurt.

Largest exporter, Getz Pharma setting up hi-tech biotechnology plant.

Ideas like online doctor visits, food and fashion search engine discussed.

Move aimed at boosting stock market activity.

OGRA calculated price at $3.8 per unit, but offered $2.5 to the explorer.

Index rocketed on expectations of capital gains tax relaxation and other positive news.

Miliband served as Britain’s foreign secretary between 2007 and 2010.

Brokerage house officials informed about latest techniques.

‘Power shortages have led to a sharp decline in exports’.

NA committee levels charges against managing director.

SBP chief says financially literate people face fewer debt problems.

Commodity will reach country by the end of February.

Agri expert for shifting from organic to GM crops to eliminate hunger.

New York-based company searching for country manager.