Business

Labels it a sick unit whose losses are getting out of control.

China, UK and Hong Kong amongst potential investors.

Says it is an extreme step which can be blocked by the Supreme Court.

‘Tethyan Copper Company has so far failed to cooperate with provincial govt’.

The mobile handset market is changing its dynamics constantly.

New management promises Wateen focused on enabling customers’ lives, business by being responsive and innovative.

Undocumented industry is almost one-third of Gross Domestic Product.

Higher margins on urea – 57% against last year’s 45% – remained the major earnings driver for the company.

PSO’s sales, revenues grew 38% to Rs279 billion during July to September 2011.

Increased profits from Engro Fertiliser, Engro Foods along with lower losses from Engro Polymer help growth.

SECP tasks PICG to finalise proposed revisions to the code of corporate governance.

Decision taken after govt failed to provide required gas to new plant.

Damage estimates submitted to Asian Development Bank.

Ministry to send summary to Economic Coordination Committee.

KSE’s benchmark 100-share index gains 307 points.

China is top competitor but it is losing market share.

S&P affirms ‘B-’ long-term and ‘C’ short-term sovereign ratings.

Diesel price stays unchanged as govt makes less-than-expected cut in rates.

Exchange can now be made until September 30, 2012.

Solar plant installed in Skardu used to dry 10 tons of apricots .

Prime minister observes masses cannot be burdened with further inflation.

It may not be a democracy but rulers cannot ignore their people.

To better manage the economy, institutions like IDBP, PIDC need to be revived.

Corruption by govt officials results in many unable to get promised prices.

Afghanistan, Iran, Central Asia the new target as company seeks economies of scale.

Wave of growing regional cooperation and integration sweeping through the world has left a positive impact on Pakistan

Chairman accused of interfering beyond his mandate.

Payments between refineries, oil companies and power generators to be made through letters of credit.

Banks refuse to lend to it without substantial collateral; investors jettisoning exposure.

FBR has prepared active taxpayer list in sales tax category, but in income tax it has yet to compile the list.

Contracts for import of 215,000 tons of urea at $538 per ton, including cost and freight, to four different bidders.

Expert for stopping migration from rural to urban areas to increase crop production.

Pipeline network spread over 5,000 km to be rehabilitated.

Decision has been made to curb smuggling and revenue losses.

Govt approves project on criteria that it will bear no financial liability.

Growth remains stagnant as foreigners continue to remain net sellers.

Shahid Hamid Parachi appointed in place of Isar Ahmed.

The stakeholders have 30 days to file comments and objections, if any, on the paper.

Rental power plants were ‘mother of corruption’: TIP.

Export Development Fund will finance the project.

‘Substandard seeds distributed after last year floods’. Hence farmers this year have asked for cash.

SPI for the lowest income group up to Rs8,000 has registered an increase of 0.55% over the previous week.

To revive alternative dispute resolution mechanism.

Karachi Stock Exchange’s 100-share index jumps 278 points.

Qamar asks electricity companies to improve performance.

Surprise growth rate reached after revision in data calculating methodology.

Traders say 100 cases of robbery, kidnapping occur every day.

State reserves fell to $13.44 billion while those held by commercial banks rose to $3.77 billion.

The result beat analyst forecast by at least 16% as they expected it, on average, to stand around Rs18.8 billion.

Proceedings adjourned till November 17.