Business

Formal recognition of Katchi Abadis can unlock Rs500 billion, assuming an average (conservative) price of Rs600,000

Also allows Mari Petroleum’s share float in stock market

Banking, oil stocks lead the way as index closes week at 35,974 points

Emerges as the lowest bidder that will receive 600mmcfd of gas

'Self-driving cars could hit roads within five years' CEO Sergio Marchionne

European institutions providing 130m euros for restoring lost capacity

Feasibility report completed, UBL offers its services

Analysts believe acceptance as emerging market would bring $600m inflow

Envoy asks Pakistani traders to make investment in Afghanistan

Its share increased to 33.1% in March this year from 25.5% a year earlier

Suzuki offers to invest $460m if right incentives are provided

Increase in duty on agro-products recommended to protect industry

Two 660MW plants show govt’s determination to push coal into energy mix

SBP-held foreign exchange reserves had increased 3.1% on a weekly basis on April 1

Asks industrialists to impart skills training to youth, establish institutes

Want K-P mineral development and regulation act to go through

Wants TDAP to explain spending on exhibitions

Rises 623.91 points on possible reclassification to MSCI’s emerging markets index

1% increase in Chinese apparel prices means 2.53% rise in US demand for Pakistani exports

OICCI says stable macroeconomic indicators key reason

Stakeholders discuss importance of project, want everyone’s cooperation

LCCI, other officials want govt to trust locals in developing country

Money to be recovered from consumers, will be used to settle K-P’s net profit arrears

Increase 9.71% during 10MFY16

President Mamnoon urges businesses to continue economic contribution

Says measures to increase collection have started paying dividends

Benchmark KSE-100 index gains 420.26 points

PM Sharif will attend launch of ‘peace line’ project that will ease electricity shortages

Deal was finalised after all prospective providers were asked to participate, adds handout

Nielsen report says its share has grown 43.5% over last six years

Questions raised over country’s transparency in import, export procedure

After withdrawal of protection, Lotte Chemical has been suffering losses or the last 4 years

Prosecutors file lawsuit against over the Samarco mine dam burst that killed 19 and wreaked environmental havoc

Philip Morris and the Polish government had lodged appeals against a tobacco directive by the EU

In all about 15 banks were named in the suit for alleged manipulation of the ISDA fix rate

Air France warned of doubts over fuel prices, some bloated routes and uncertainty over the economic and politics

Chinese court rules against Apple in a case it brought against a small maker of 'iPhone'-branded leather goods

Google autonomous test fleet will more than double with the addition of 100 new 2017 Chrysler Pacifica Hybrid minivans

Even if Obama avoids public spat, he faces prospects of presiding over the trade dispute during final months in office

M4 project will connect other highways to Faisalabad and Multan

Ship fully equipped to enforce security, another two to be launched soon

According to finance minister, Pakistan focuses on growth and jobs despite security challenges

FBR considering charging higher rates of income tax from those who are outside the tax net

Argues fertiliser producer has not paid GIDC, filed court cases against govt

Government focuses on domestic energy resources in the long run

Benchmark KSE-100 index closes at 34,897.30 points

Says issues need to be resolved in regulation, monitoring and pricing.

Company says liquidity issues and meeting excessive regulatory and reporting requirements serves no purpose anymore

Both projects fall on eastern alignment of CPEC and are critical for connecting Beijing with the port city of Gwadar

Global risks including slowdown in China and the danger of Britain leaving the bloc are harming the economic recovery