Business

Chinese Commercial Counsellor: China-Pakistan Economic Corridor is intertwined with economic development of Pakistan

Rahman says Pakistan to have culture of start-ups

Benchmark KSE-100 index falls 545.84 points

Raziuddin says last two years witnessed increase in oil and gas exploration activities by local and foreign companies

Naqvi says massive outflow of foreign portfolio investment part of global trend

Pledges decrease in electricity tariff, mentions govt initiatives

Ishaq Dar says no tax will be imposed on locally manufactured items being produced from imported goods

Mini-budget, base effect to kick in; pressure to increase steadily

Its own output of crop has dropped to the lowest in over a decade

Offers gas export through a pipeline that will run parallel to TAPI project

Duty on imports hiked by 1%; more taxes levied to secure IMF tranche

Says PSE should divest 40% shares within one year of amalgamation

Workshop begins with intent to combat climate change issues

Fleet strength to increase, average age of aircraft to reduce

FIA puts blame on TCP officers, does not take PPP high-ups to task

Development centre starts trial operations to produce inflatable balls

Govt, however, increases HOBC price, cuts kerosene and light diesel oil rates

SBP-IBA Consumer Confidence Index registers 1.6% increase over two months

Shares of 345 companies were traded on the opening day of the week with only 46 ending positive

Company turns down Pakistani authorities’ demand to share customers’ data

Figures are a boost for Indian PM Narendra Modi and his party which suffered drubbing in recent state election

Islamic banks offer Shariah-compliant financing for property purchase, other services.

Bringing money into tax net requires proper restructuring of tax machinery

Stealing aid has become a principal way in which elite make money

Besides govt, private sector should also show resolve to protect worker rights

Regulatory quality can only be improved if political support is available

Experts say gap between Pakistan and regional competitors widening

PEMRA irked by illegal dish antennas, to auction three DTH licences on Dec 7

Technology parks in universities will give opportunity to youth to develop skills

Ministry seeks approval for export of 0.5m tons, $50 per ton subsidy

Value of savings remained stagnant at Rs53.6 billion

During 2010, gas supply on average was at least 73%, but it dropped to 25% this year

Govt has saved Rs220b with audits in power sector

Foods, textiles, pharmaceuticals race to register patents

Continuous foreign selling weighed heavily on the bourse

Company adviser had submitted a Rs225 million cheque which was dishonoured

Oil Minister Zanganeh opened a two-day conference in the capital attended by BP, Shell, Total, ENI, Repsol and OMV

The bank with 1.3% stake in the merged entity may have a value of Rs5.9b

Current stock of NPLs does not pose a major threat to the banking system, say analysts

On a monthly basis, exports dropped 10.63% to $1.051 billion in October

Both countries emphasise the need for direct export channels

Benchmark KSE-100 index falls 119.10 points

Demand at least 25% supply in winter under the quota regime

Petitioner argued that the CEO was also not qualified for the TDAP slot

Move came after body’s refusal to buy sugar at higher rate

Say despite PC’s repeated assertions, nothing significant has been done

Scanners are to be installed at Karachi port to inspect US-bound export containers

Amazon is offering more than 7,000 deals over the course of a week

He noted that the current transportation time for goods from Pakistan to Turkey via sea route was one month

Says fixed income tax rate proposal to be put forward, rejects talks to let rupee devalue