Business

It makes sense to buy small company and grow it rather than buy large one, analyst says

Through auto policy, authorities will penalise late delivery

Encroachment, clearing greenfields have long-term repercussions

IDBs have provided vital financing in past for giving push to industrialisation

Saudi Arabia, Iran, US and Russia in race to drive energy prices

Chairman optimistic all-in-one bill payment platform will aid financial inclusion

Government has imposed another 15% duty on imports, protecting local players

Earnings are still expected to be down for third consecutive quarter

Railways minister urges public-private partnership

Yearly global injection stood at $266b, coal and gas draws half the amount

Increase by just two basis points in February.

CEO suggests constantly learning new skills and adapting

FPCCI chief suggests direct cargo flights, cooperation between ports

Decline in oil prices and auto-policy announcement contributed to the fall

Directs petroleum, power secretaries to consult with oil minister

Obama emphasized that fighting Islamic State was a top priority

EFG-Hermes Holding Company expresses interest in acquiring majority stake in IFS

Serious effort needed to revamp K-P economy, says official

BoI chairman says Islamabad will renegotiate gas price with Iran

Reviews price in domestic market, says no reason exists to bar exports

Benchmark KSE-100 index rises 76.47 points

Says if Pakistan kicks off work on project today, it will end in 2018

Pakistan, Iran will sign five-year Strategic Trade Cooperation Plan during Rouhani’s visit

NEPRA says company failed to provide uninterrupted power in June 2015

EFG-Hermes Holding Company interested in buying majority stake in Karachi-based brokerage house

The SBP board consists of 10 members with Governor Ashraf Wathra serving as its chairman

Official says Pakistan moving away from being agricultural country

The decrease in reserves is mainly attributed to payments of $223 million on account of external debt servicing

FPCCI official says govt should have focused on Middle East, SE Asia markets

Benchmark KSE-100 index falls 126.48 points

Management looks for additional land to extend industrial park

Believes Rs18.5b scam was not possible without involvement of bank officials

Rice, meat products, auto parts can be exported by improving quality

Analyst says it will result in drop in unrealised capital gains in 2016

Company is engaged in oil and gas exploration in 31 new blocks, of which 15 are situated in Balochistan

After the construction, the clearance time of vehicles carrying goods will reduce from 24 hours to an hour

UBG Chairman Iftikhar Ali Malik said that producers must reduce their profit margin to benefit growers

PSX ‘switched off’ trading terminals of one brokerage house for violating NCB rules

Say incentives will go a long way in increasing exports

Prime minister directs power ministry to come up with reasons for delay

State Bank of Pakistan says payment in dollars is risky as some sanctions are still in place in US

By granting licences, government has violated national bio-safety laws

PM had assigned the task of suggesting measures in redefining the role of NAB

National Accountability Bureau authorises investigation into huge loss, will send case to accountability court

CPEC will serve as a key driver for Pakistan’s economy giving access to Arabian Sea, says Ambassador Verheyden

Urges government to implement TRC recommendations to reduce tax rates.

He welcomed the extension in the deadline of the Voluntary Tax Compliance Scheme by the government

Growth dwarfs in comparison to 28.2% growth in credit to government

Calls 2015 a turnaround year when recoveries got better, losses eased

New automotive policy focused on providing timely delivery of vehicles to consumers