Business

Shanghai exchange, Pakistan-Kuwait Co, others may acquire up to 40% stake.

Avast will offer to purchase all of the outstanding ordinary shares of AVG for $25.00 per share in cash

First Six Months Of 2016: German arms exports rise to €4.03b

Poland Economy: Slow eurozone, local policies pose risk

Brexit: Austria minister believes Britain will not quit EU

Brexit: Austria minister believes Britain will not quit EU

Africa’s biggest producer repairs infrastructure damaged in militant attacks

India’s Oil, Natural Gas Corp, IBV Brasil fight delay in troubled Brazil oil project

Record tax revenues, forex reserves achieved with the help of reforms.

Money ECB touts security of new 50-euro notes

It is commonly observed that ATMs stop working during the first week of each month

Too early to assess impact of Brexit on Nissan’s operations, says senior vice president

Interloop Dairies to launch milk brand, sees good prospects for packaged products

Says risks before UK referendum have started to materialise

KSE Stockbrokers’ Association president says there are no takers of TREC anymore

Dealers retailers feel exemption of sales tax on laptops increase in tax on mobile phone import make little difference

Monsoon rains: FPCCI concerned over lack of preparation

Currency: Rupee stable against dollar

Capital investment: Agro machinery to enjoy 50% subsidy

Benchmark KSE 100-share index rises 183.22 points

All these financial institutions served as primary dealers in the last fiscal year as well

Demands amendment to ITO 2001 nonetheless

Export of rice and meat soars in financial year 2015-16

It will help promote exports, create job opportunities

Asks govt to lobby Britain for continuing Pakistan’s GSP Plus status

Claims it was the opinion of an individual and was not the finding of report

Deal will take place at Rs120 per share, a discount of 26% to Engro Foods’ share price of Rs163 last week

Engro Corporation currently controls around 87% shareholding in Engro Foods while general public owns rest of shares

It implies lowering existing rates of income, sales and other taxes

Telcos need to tap innovative solutions that exist

Govt appoints ex-employee of SNGPL to the top slot at regulator

With rupee appreciation against pound sterling, exporters fear huge losses

Regional trade has suffered over the years and so has the country

Many companies have opted for inter-corporate financing rather than taking bank loans

Says there was no system breakdown as reported by the media

Corporate Corner: Lifebuoy, doctHERs sign MoU

Canada will establish solar plants in Balochistan having capacity of 1,000MW

Province receives Rs61.45b in revenues in financial year 2015-16

May delay US govt’s plan to outline guidelines for self-driving cars this month

EU may relax the requirements for Pakistani mangoes that could earn Pakistan foreign exchange through exports

SECP and PSX chairmen present finance minister with update

Industry sold 38.87m tons compared to 35.34m tons in previous year

Pensioners, government employees and ordinary depositors queued outside branches but faced cash withdrawal issues

Market gains 1.1%, or 394 points, week-on-week amid thin volumes

Amount restricted to Rs629b against allocation of Rs700b for FY16

Tesla crash shows the industry is moving too fast to deploy self-driving vehicles

Pensioners, govt employees and ordinary depositors queued up outside NBP branches across the country

Agreement signed to acquire three companies that own 100% shares in Dawlance

Wants company to cut rate by Rs0.33 in July bills, firm sees Rs0.16 cut.

Says SBP lacks expertise in the field, wants amendment revoked.