Business
More News
-
Market watch: Stocks end week higher, just shy of 35,500 points
Benchmark 100-share index rises 269.79 points
-
Cement sales rise 3.5% in FY15
A total of 35.4m tons were sold in the year
-
Fresh PTA order slashes telecom user base by 20m
It is obligatory for CMOs to only provide biometrically verified data
-
The load-shedding saga: K-Electric, still stuck in its ‘trenches’
Power utility has simply refused to see any side other than its own.
-
Plan B: Govt delays privatisation of power distribution firms
IMF report says these companies will be sold next year
-
On the radar: four banks still below minimum capital requirement
IMF says banks have yet to meet MCR of Rs10 billion
-
Shanghai index plunges again as Chinese markets suffer worst run in 23 years
The carnage has wiped out $2.8 trillion from Chinese market capitalisations with the Shanghai index dropping 29%
-
Secp: Brokerages advised to maintain functional websites
Broker’s website should include information about company’s basic business and financial details, shareholding pattern
-
CPEC: Senators raise concern over alignment, allocation
Point out lack of details in PSDP about completion of project.
-
Taxing times: Service providers, the next golden goose for government
P@SHA terms new tax counter-intuitive; against the principle of free market economy
-
Auto industry: In flood of imports, players want dam of protection
Prospective entrants want blanket ban on import of used vehicles.
-
Fact-finding: Parliamentary panel to probe HEC, MCB Bank privatisation
Cargill Holdings was registered a day after the govt re-initiated privatisation process
-
Controversial? CAA DG removed for ‘slow pace of work’
Yousaf replaced to speed up completion of New Islamabad International Airport.
-
Challenge is to address trust deficit: Dastgir
Commerce minister meets KCCI members; outlines on govt’s initiatives.
-
In the kitty: PSM gets Rs960m for salary disbursement
Wants resumption of gas supply; looks to enhance capacity utilisation.
-
Foreign exchange: SBP’s reserves cross $13 billion
SBP’s liquid foreign exchange reserves increased $772 million to $13.088 billion versus $12.316 billion last week
-
Letter to IMF: More mini-budgets in the offing this year
Govt assures IMF any shortfall in revenue will be met with additional tax measures; higher power tariff if SC allows
-
11MFY15: Savings mobilised 77.4% higher
Amount to Rs309b, May’s figure alone hits Rs31.6 billion.
-
Market watch: Index makes historic cross into 35,000
Benchmark 100-share index rises 342.95 points.
-
China stock watchdog to investigate market manipulation
Securities commission says investigation will focus on such activities occurring simultaneously in multiple markets
-
China markets plunge again, Hong Kong up on Greece hopes
Slumped as much as 6.38 per cent in late afternoon trade before recovering slightly
-
BP agrees to claims worth $18.7bn over Gulf of Mexico spill
The agreement increases the pre-tax cost of the disaster to BP by an estimated $10 billion to $53.8 billion
-
Power production: Pioneer Cement, CITIC Industries sign agreement
Similar to the growth in the cement sector, the company has shown strong growth in recent years.
-
Future development: Clarifying the CPEC plan
Ahsan Iqbal says western alignment is the primary focus of the economic corridor.
-
Boosting export revenues: Punjab switches focus to global halal food market
PBIT chief believes province is expected to attract heavy foreign and local investment.
-
SBP eases remittance procedures
Revised instructions given regarding medical treatments and studies abroad.
-
Staying mindful: Despite benefits, PBC warns against overreliance on GSP Plus
Focus on improving regional trade and reduced dependence on EU suggested.
-
Corporate corner: EFU Life launches ‘PlanIT’
PlanIT is available for download on both Android and IOS platforms.
-
Treasury bills, PIBs: 12 banks chosen by SBP to be primary dealers
Institutions will act as ‘market-maker’ in government securities trading.
-
Hydroelectric power plant: Financiers stop $433m loan for Neelum-Jhelum project
They have concerns about escalating cost that rose to $4.2b from $1.8b.
-
Housing finance grows for 5th consecutive quarter
Amounts to Rs54.5b at the end of March, up 5.6%.
-
Market watch: Lower-than-expected CPI helps index soar close to 35,000
Benchmark 100-share index rises 444.74 points.
-
Revamping the tax structure
Exactly what needs to happen before the govt realises that the tax collection structure needs a revamp is beyond us
-
State Bank of Pakistan joins Twitter
Account launched on the 67th anniversary of the central bank.
-
Court grants Air Indus new lease of life
CAA had grounded the airline a day earlier citing safety and security concerns
-
Advancement: PCJCCI promises to bring technological revolution
Afridi said PCJCCI had planned to establish a state of the art Chinese construction material centre
-
Property issue: PARC registers protest against govt’s decision
Calling it a ‘disastrous’ plan against the agricultural sector, PARC has registered its dismay at the decision.
-
LNG imports: Govt to take payment guarantees from IPPs
Qatar demands opening of standby letter of credit before gas supply.
-
Underwriting: Silk Bank, Arif Habib Ltd enter arrangement
Bank will issue over 6.4b right shares at Rs1.56 per share.
-
Oil companies fined Rs17.8m for petrol crisis
OGRA orders them to deposit the money in 10 days
-
Bank of Khyber: K-P secretary reinstates BoK board chairman
Finance minister had removed Agha for ignoring directives.
-
Infrastructure: ADB approves $220m for flood-hit Punjab and AJK
Project based on ‘build-back-better’ approach, will be completed by June 2018.
-
Missing goals: 300,000 families remain deprived under BISP
Spending remained Rs91.7 billion till the end of fiscal year.
-
Greece defaults on IMF payment despite last-minute overtures to creditors
Greece, as expected, was not able to repay 1.6 billion euros it owed to the International Monetary Fund
-
Regional markets: KSE-100 outperforms most in 2014-15
Barring China and Japan, KSE-100 index posted highest return; surged 15%.
-
Market watch: Index ends higher as fiscal year ends
Benchmark 100-share index rose 305.31 points.
-
The Fund’s anti-inclusive growth prescription
IMF seems to be killing off any hope of inclusive growth by advising the government to withdraw electricity subsidies
-
Greece in last-minute rescue appeal as default looms
Germany, though, says it will not discuss any new Greek request until after Sunday's referendum
-
Not flying high: CAA grounds Air Indus over safety concerns
Third airline to have operation suspended in eight years
-
PIA and Etihad Airways sign codeshare agreement
Agreement to enable airlines to offer better connections to customers between the UAE, Pakistan and elsewhere