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UN to help implement new growth strategy
Poverty Reduction and Social Policy Development to work together.
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NBP lagging behind peers in online banking
Country’s largest bank likely to catch up in 6 to 12 months.
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Oil and gas sector: Production remains flat for third straight year
Pakistan Oilfields’ witnesses significant improvement .
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Foreign investment falls eight per cent
Drop in foreign direct investment of 27% caused overall decline.
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Profitable freight trains come to a near-halt
With shortage of locomotives, Railways prefers passenger service.
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LNG import project: Govt to accept bid at 80% of oil price
Company setting up floating storage may be offered 50 cents per unit.
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Investors shy away: Target killings, political uncertainty cripple businesses
Industrialists fear huge flight of capital to other countries.
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Power shortfall almost 6000MW: PEPCO
Loadshedding up to 12 hours in urban centers, up to 16 in rural areas
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Financing reconstruction: Where is all the money?
Prime minister’s flood relief fund remains unused; UNDP unable to achieve many goals because of a lack of funding.
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Another governor leaves: Govt tight-lipped over Kardar departure
The finance ministry, SBP and presidency refuse to confirm or deny the resignation.
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World Bank-Backed: Audit of tax reforms project to start from 18th
AGP will conduct an audit of FBR subsidiaries including PRAL, Large Taxpayer Units and Regional Tax Offices.
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Brick kiln owners announce shutdown
Demand withdrawal of sales tax imposed in budget.
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Market watch: Bourse rises on healthy corporate result expectation
Benchmark KSE-100 index gains 71 points.
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Gold touches peak at Rs43,114 per 10 grams
Investor interest high in bullion.
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Security measures: New home minister assures businessmen
Delegation address their concerns in a meeting.
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Govt borrows Rs111b through treasury bills
Yield on six-month papers rises.
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India misses the bus with wheat export decision
Russia sells commodity at throw-away price.
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Khyber-Pakhtunkhwa approves mega projects
Projects to help contain eco-hazards.
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Clean energy: Pakistan likely to approve 150MW wind farm
Norwegian firm planning to invest $1 billion.
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Fibre optic cable: Wateen lands Balochistan project
Project to benefit around 5.2 million people.
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Promoting healthy competition: CCP to keep close watch on top five banks
Cartelisation has become a norm in Pakistan, says anti-trust watchdog’s chief.
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Retail consolidation: Makro and Metro in merger talks
Both sides appear to be in advanced stages of the negotiation process.
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Governor SBP resigns, Yaseen Anwar to be acting governor
Shahid Kardar's resignation accepted. Sources say SBP governor resigned due to differences with...
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PEPCO circular debt reaches Rs215b: Report
Report available with Express News states Pepco’s financial condition has resulted in an increase in load-shedding.
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Women entrepreneurs: USAID to help increase trade participation
Three-month internships offered in multinationals.
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Sindh Board of Revenue: ‘Province receives only 3% of revenue collection’
OICCI discusses Sindh Sales Tax Act 2011 with officials.
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ADB report: Asia needs improvement in tax collection system
Pakistan and Nepal amongst nations with lowest tax-to-GDP ratios.
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Trade policy: ‘Pakistan should focus on non-traditional items’
High potential present in Far East and African region .
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Three-day outage: Gas to remain suspended from today
Decision to cut gas harmful for national economy says PHMEA. Gas outages were causing numerous problems for exporters.
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Imported LPG price set at Rs123 per kg
Ogra teams to closely monitor sale of gas at set prices .
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Exports rise to all-time high of $24.8b in fiscal 2011
Figure likely to cross $25b when data is finalised.
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Govt to privatise, sell shares of eight units
Habib Bank, National Bank, HEC on the list.
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Bank deposits surge 9% in six months
This growth has been seen after a gap of three years: analyst.
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Circular debt hits local output: Dependence on high-priced oil imports grows
Import bill may swell to $14.05b as local refining blending declines.
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Market Watch: Stock market plummets 100 points
Trade volumes remain at dismal levels.
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Consensus reached : CNG prices likely to rise by Rs7 to Rs8 per kg
CMinistry asks CNG station operators to set up LPG outlets as well.
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With new identity, Burj Bank owners hope to jumpstart growth
Dawood Islamic Bank had stagnated over the last two years.
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Hydropower: WAPDA generated 31.45b units in 2010-11
Increased generation due to efficient operation, management of power stations and more water available in reservoirs.
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Gas management: SSGC keeps vigilant check on CNG stations
23 teams are at work to ensure its success.
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Stiff competition throttles Pakistan’s wheat export
Domestic prices likely to fall due to lack of storage.
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Fuel oil imports at all-time high in June
Imports driven by strong electricity demand.
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Exports likely to grow 10% this year
Shipments rise 35 per cent to $24b last year.
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Govt to cut gas price rise for CNG stations
Price will be increased by 7% compared to earlier proposal for 17%.
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Gas utilities seek tariff hike of up to Rs22 per unit
Price hike will be used to finance new schemes in violation of rules.
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Fiscal 2011 review: Car sales fight the tide, rise 3.2%
Higher purchasing power by agricultralists does the trick.
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Market Watch: Downward trend continues in thin trade
Benchmark KSE-100 index drops 98 points.
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Low volumes: SECP, KSE meet to develop rescue plan
A meeting was held between SECP and KSE to discuss the prevailing market situation.
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Textile industry: SNGPL assures five days a week gas supply
Earlier Federal Minister for Petroleum Asim Hussain had also said that gas will be provided for five days from July 5.
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Constructing Pakistan: Getting better or worse?
Construction activities require the combination of inputs of materials, equipment, labour and human intellect.
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Talking business
The entire narrative about a “preferred party” in fact rests on two concrete incidents.