Business

Hafeez Pasha says competitiveness hurt by strong rupee.

Approval to come as Qatari authorities agree to cut price

Will see decrease of Rs402b or 27%, cut meant to achieve deficit target of 4.3%

Airbus Group grabbed 1,036 net plane orders after cancellations, down 29 per cent from 2014

Unilever will hold a 60 per cent stake in the new joint venture Cuban state-owned firm Intersuchel

Says LNG import is the only option left to meet growing energy demand

Company official insists there is no plan to remove employees

Sales rise to 111,720 units in 1HFY16 from 67,426 units in the same period of previous year

Benchmark KSE-100 index falls 214.80 points

Senate panel asks power ministry to take the initiative

Year-on-year increase stands at 6.2%, according to SBP data

Project director says Planning Commission is working on the matter

Will analyse data to determine actual cotton yarn consumption

Standing committee fears anyone can exploit the scheme to legalise the assets

Stock exchanges of Lahore, Karachi and Islamabad have been merged to form PSX

With rise in social media-related dismissals, guidelines must be developed

These bodies are constituted to clear funds for procurements

Pakistan lags behind in poverty eradication, ensuring primary education

While Modi looks to woo tech giants, Pakistan continues to tax heavily

Petrol consumption growing at 11-12% a year

Bestway Group CEO sees sector benefiting largely as domestic demand picks up

Number of Karachi-based brokers resentful of SECP for new rules on investors’ protection fund

Chinese embassy says CPEC will bring development to the people of Pakistan

PC startup Endless set to bring internet to people without reliable connectivity

Government’s bailout worth $80b in 2009 helped recover sector, says president

Aided by $100,000 investment, auto portal scaling down to focus on car maintenance

ICCI to work in partnership with Turkish forum to achieve the goal

Share offer over-subscribed by 2.24 times

Chinese stock market crash coupled with crude oil slump led to heavy selling at the bourse

Ignores instructions and objections raised by technical wing

Secretary for Water and Power assured that the government was trying its best to resolve the issues

Wants input from business community, says objective is to promote economy

Murad Ali Shah said financial close of the project had been achieved and only few formalities needed to be met

K-P lawmaker stresses on political cohesion and successful execution

The 750km transmission line would cost $1,160m and would be completed by 2018

Would be through listing on capital markets

Benchmark KSE-100 index falls 147.65 points

Europe’s third largest ceramic exporter also plans to establish manufacturing facilities

Rises 19% from $22.89b in 2014, demand comes from Asia and Pacific

Textile ministry thinks otherwise, says dept must remain within it

Growth mainly led by domestic consumption, exports remain gloomy

Technical discussions have already been held, timeframe proposed

Jakarta will purchase 1m tons of rice over four years

The SBP received $918 million in November from multilateral, bilateral and other official sources

FBR was determined to issue notices to non-compliant persons

ATMs to be fitted with a device that will detect counterfeit currency.

Wants to facilitate capital market investors of the province

By effectively utilising the FTA, exports could be increased to $500 million

UK’s Ashmore Fund will establish the plant with annual capacity of 700m cans

Benchmark KSE-100 index falls 285.76 points.