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Shell-shocked investors flee to safe havens
Analysts argue if traditional havens like gold and real estate are still safe.
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Trade bodies urged to look after interests of SMEs
FBR alleged to be disregarding the SME Policy.
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Uch-2 gas field project: OGDC scraps Kahuta Research Laboratories’ contract
State-run company fails to implement project.
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Heavy Electrical Complex: Expressions of interest for takeover invited
Successful bidders will undertake to continue operations.
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‘Corporate farming not in national interest’
Farmers need latest technology and techniques, Agri Forum.
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Geothermal energy: ‘Around $8b can be saved annually using Thar coal’
Top politicians and businessmen discuss coal mines’ future.
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Sri Lankan Goods: Pakistan to grant concessionary access
Sri Lanka to import basmati rice based on the Pakistan Sri Lanka Free Trade Agreement of 2005.
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Rupee ends at record low again
Rupee closed at 86.85/90 to the dollar—its weakest ever closing—down from previous record low of 86.80/85 on Thursday.
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Punjab Milk Boards Ordinance ineffective for past 30 years
Price and quality of milk going unchecked.
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Corporate results: Habib Bank profits march upwards
Interest earned rose by 16 per cent to Rs45 billion while non-interest income rose 17 per cent to Rs6.53 billion.
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ADB to provide loan for first privately owned wind farm
Turkish wind farm will use $36.8 million loan to install wind turbines, increasing output to 56.4 megawatts.
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Market watch: Stock market nosedives to 10-month low
KSE-100 benchmark index loses 249 points.
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NPLs jump by Rs5.54b in second quarter
Public sector banks lagging in recovery drive.
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Tariff equalisation plan: Govt may hike power rates by Rs0.18 across country
KESC tariff will be brought in line with other power distribution companies.
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Industrialists call on army to save Karachi
Anger rises over govt non-action against ‘bhatta’.
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Tax trouble: Confusion persists over who taxes financial services
Tug of war between the centre and the provinces continues.
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Public service: PTA wants you to report spam SMS and calls
PTA warns marketers to desist sending unconsented, unwanted, fraudulent, misleading, spam and/or illegal SMS.
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Haemorrhage: SNGPL losing Rs20b to theft, mismanagement
Law against gas theft may be passed soon.
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Power, gas shortages: FPCCI demands end to load-shedding
Industrial and agricultural sectors should be given priority in energy to strengthen the national economy.
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Rupee hits record low
Remains under pressure amid grim economic outlook.
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Corporate results: Shell profits almost double, NBP up
Shell Pakistan almost doubled their profits, while National Bank too had increased profits. Suzuki remained stagnant.
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Gas companies seek 17 per cent hike in tariff
Summary moved to extend forced leave of Ogra chairman.
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Traders accuse government of sheltering ‘bhatta’ mafia
Threaten a week-long strike if authorities fail to control the situation.
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Market watch: Bourse plummets due to Karachi violence
KSE-100 benchmark index loses 141 points.
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New levy on natural gas: Govt hopes to generate $1.2b through tax
Expected revenues through IDL estimated at Rs25b annually.
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Got change?: Decimal coins soon to be in museums
NA panel approves amendments for recycling of Rs22m worth of leftover old coins.
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PAC displeased with SNGPL gas theft, line losses
MD SNGPL says company recovered Rs1.8 billion in fines after identifying industrial connections involved in theft.
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Power station: Repair work to increase power by 400MW
USAID aims to add 700MW to national grid by 2012.
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KESC unveils coal conversion project
Power distributors seek to move away from natural gas and furnace oil.
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Gold prices hit record high again
Rates expected to rise even further.
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Market watch: Stock market continues positive momentum
Benchmark KSE-100 index gains 36 points.
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Bhatta mafia: Extortion reaches new highs in guise of Zakat, Fitra
“If you are a trader, wholesaler or retailer, you need not worry how much to pay, the mafia will decide your rate".
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Amendments to the Finance Bill: RGST chief claims his proposals were altered
Recommendations about dividing Inland Revenue Dept were allegedly changed.
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Nutraceuticals: ‘Functional food may help in reducing disease risks’
Prof. Dr Masood Sadiq Butt says that functional and nutraceutical foods help maximise health and reduce disease risks.
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P&G touches millions with philanthropy
Firm’s social initiatives focus on education, health and impact of business decisions.
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Engro Fertiliser’s IPO shelved temporarily
Parent company expected to generate capital to pay-off subsidiary’s loan.
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Expansion: China’s ICBC to open two branches
SBP gives world’s largest bank go-ahead on August 18.
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Petroleum Policy 2011: Sliding-scale formula of windfall gain-sharing to be introduced
New policy to give more incentives to exploration companies.
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Tax claims: FBR to seek legal advice on parent guarantee
Tax authorities came up with claims of Rs2.4b following BP asset sale.
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Afghan transit trade: Insurance companies agree to financial guarantees
The move is seen as a reversal from their previous position.
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Market watch : Stock market gains after five sessions
Benchmark KSE-100 index gains 68 points.
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Large scale manufacturing grows marginally
Oil and gas sector production falls over 2%.
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Busy day for ECC: Oil marketing company margins increased by 32%
Waiver of long-term gas supply to result in higher import bill; nine off-the-agenda amendments approved.
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ECC approves increase in commission for oil dealers and OMCs
Oil dealers' margin increased by 70 paisas, oil marketing companies' commission increased by 48 paisas on petrol.
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Zardari urges trade enhancement with China
Chinese company to invest in power and steel sector.
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Indo-Pak chamber of commerce to be formed
Chamber seeks to boost trade and mitigate visa issues.
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Refinery sales improve slightly
Attock Refinery gained the most from its competitors in July.
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Development: First Halal Industrial Park to be established
Zone to be spread over 200 acres of land in industrial city of Faisalabad.
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Corporate earnings: Engro posts mixed results
Diversification and increase in milk products led to the resurgence of Engro Foods along with increase in rice exports
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Karachi violence: Businessmen asked to keep a low profile
OICCI issues travel advisory for corporate executives.