Business

Advises banks to improve internal control procedures.

Hussain says action will be taken against all.

16% GST will destroy the industry and increase inflation says an official of the Kiln Owners Association.

Imported gas price expected to be 200% higher than wellhead prices.

Average volumes fall while foreign investors pull out their money.

Tax experts differ with each other over novel classifications of vehicles.

Decision on account of changes in its fuel costs during first quarter of 2011.

FBR officials only able to collect Rs356 million; most taxpayers claim to have earned incomes abroad.

To prepare line of action to win duty-free access to EU textile markets.

PTA suspends licences of five LDI operators.

Gas and power loadshedding resulting in hosiery manufacturers unable to complete orders on time.

Projects to help industry combat environmental pollution.

Latest security scanners have been installed at all checkposts.

Naphtha spread narrows significantly to 30-month low.

No consignment has been cleared since accord came into effect: official.

Last year FBR had transferred Rs17 billion in sales tax to Sindh.

Competition Commission asks Port Qasim to address concerns within set timeframe.

LPG marketing companies are expected to import over 6,000 tons.

Volumes fall to nine-month low.

Borrowers will have to pay 12.5 to 12.7 per cent.

Some ministers oppose rise in fuel prices for fertiliser manufacturers, CNG outlets.

Meeting the target may help restore the suspended IMF bailout programme.

Petrol and diesel prices down, but kerosene prices stay the same as government increases taxes.

Load management schedule to halt gas supply in the region thrice a week.

Consumer giant’s stock price jumped 228% in fiscal 2011.

Pakistan loses fresh food items worth Rs50 billion every year because of lack of preservation.

A 20 per cent increase in gas prices planned by the government is likely to have negative repercussions.

Parliamentary panel to probe the scam to find out culprits.

Indian companies keen to export oil to Pakistan.

Benchmark KSE-100 share index rises 72 points.

Bank reserves rise to $3.45 billion.

Sindh Revenue Board, setup to collect General Sales Tax (GST) on services, will start functioning from today.

Notification will be issued after meeting with four chief ministers next week.

EDB has started working on a developmental and growth strategy for the cutlery sector.

Despite more than 90,000 downloads, only $56 had been raised.

State Bank cancels Mybank's license following its merger with Summit Bank.

Country buys huge volumes ahead of Ramazan.

Power costs must be covered to address outages: director.

The six companies have 1,100 petrol pumps across the country.

Benchmark KSE-100 share index firms 61 points.

Company to also take internal financing and loans for capital injection.

FBR notices to 22,000 force them to pay tax and file returns.

Pakistan is expected to hold talks for loan tranche in mid-July.

Says companies are making hefty profits by charging high prices.

International fund managers reduce exposure to developing countries.

Instructs ministry to immediately prepare gas load management plan.

Wheat gives 12% boost to export figures, rice exports fall 10%.

Prices have been increased by Rs5 per kilogramme again.

Benchmark KSE-100 index falls 102 points.

Increase in urea prices by almost Rs100 per bag also stood as a contributing factor in this decline.