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Final destination of the taxpayer’s money
A look into the authorities and their spending transparency
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Regulatory frame-d work: Topic of Benami transactions gives rise to conflict
Authorities provide different responses to accountability
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Preparations: Karachi likely to get Rs50b or more in upcoming budget
CM says allocation of funds depends on amount released by the federal govt.
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January-March: Micro-savers rise, savings going down
Number of savers amounts to 10.2m, up 20.1% quarter-on-quarter.
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Exploiting trade potential
Baroness Mobarik looks to enhance investment and explore new avenues.
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Budget expectations roll in
FPCCI wants horticulture export policy.
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Spending cut: Iran likely to abolish fuel allowances
Eligible drivers currently receive 60 litres of petrol a month at a heavy discount to market prices
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Key condition: Government could fail to meet budget deficit target
Was set at 4.9% of GDP; may need IMF waiver for next loan tranche
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Weekly review: KSE-100 sheds 498 points amid pre-budget jitters
GIDC bill and proposed CGT hike also kept the market under pressure.
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SBP cuts discount rate to 7%
After the cut, discount rate stands at its lowest in 42 years
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Investing in Punjab: Baroness Mobarik visits PBIT
The discussion mainly focused on opportunities to invest in Punjab and the role of PBIT
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Financial instruments: Richemont’s net profit plunges
Drop slightly less than 36% but in line with expectations
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Sitting at PM Secretariat: Meeting to discuss wheat purchase and export
Will establish a mechanism to address challenges faced by growers
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New land facility: Turkey opens first island airport
Will strengthen President Erdogan’s election campaign
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Market watch: Index remains range-bound ahead of discount rate announcement
Benchmark 100-share index drops 12.12 points.
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Ground shaking for local cement industry
APCMA queasy over imports; wants duty rate enhanced from 1% to 25%.
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Head-on: With Green Light Train, Railways looking to get back on track
Pak-Business Express to face stiff competition, says senior GM
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Air Indus aiming to fly into international skies
Efforts under way to lease three A320s to expand operations
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Tax on gas consumers: Provinces stake their claim on Rs84b GIDC collection
Say they have the right over the cess and ask centre to transfer the collected amount
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PM wants tangible steps to tackle power theft, recover outstanding dues
Directs land acquisition for Diamer-Bhasha to be completed before August 2015
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Affecting millions: Dar rejects proposal of taxing foreign remittances
Will not increase BISP stipend but will extend the social security net to facilitate more families
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India may miss tax reforms deadline: Arun Jaitley
The government set a deadline of April 1, 2016, for introducing the key goods and services tax
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EU markets: Balochistan asked to step up exports
Balochistan govt urged to design policies that help increase the province’s exports to the European Union
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ICCI meeting: Industrialists protest against GIDC bill
Claim new tax can cripple economy
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Economic revival: Inflow of foreign capital steals the limelight
Business forum chief asks govt to facilitate local businesses like foreign investors
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Expanding operations: Fifth A320 aircraft joins PIA fleet
Eight more A320 narrow-body aircraft will be added by July this year
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Forex: Reserves go down 0.3% on weekly basis
State Bank pays $63m for external debt servicing
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Clarifying position: ‘No new tax slapped on gas consumers’
Cess will provide additional finances for new projects, says PM spokesman
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Fresh crop: CM approves release of Rs2.5b for wheat purchase
Orders fair distribution of wheat bags, particularly to small growers
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High-level gathering: PM to attend water conference in Tajikistan
Tajik envoy speaks about CASA-1000 and trade ties with Pakistan
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ECC increases subsidy on sugar to Rs5 per kg
Also approves import of additional 150,000 tonnes of Urea fertilizer for Kharif season
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Information-sharing: CCP, SECP reach understanding
All information exchanged under the MoU will be kept confidential unless disclosure is required by law
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FPCCI to take part in two India fairs this year
Large number of people from SAARC states likely to visit the expos
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Balochistan govt adjusts lens, focuses on growth areas
Starts several projects in horticulture, livestock and tourism sectors
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Monitoring: Minister reviews progress on energy projects
Discusses financing plan with stakeholders.
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Power generation policy: Provinces disagree with centre over some features
Want their concerns addressed, ministry official gives assurance.
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From the ashes: SECP lifts curbs on KASB Securities
Restores its status as brokerage house on KSE, PMEX
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Credit disbursement: Banks extend Rs368.7b in loans to farmers
Amount is 28% higher than Rs288.4b given in last fiscal year
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Punjab industries: LNG consumption a distant dream
Price expected to be $13 per mmbtu against local gas tariff of $6.27
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$800m payments: Etisalat, government may resolve PTCL dispute
Islamabad ready to take the hit; PC Chairman Zubair says transaction was ‘poorly run’
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Raising gas prices: Amidst walkouts and harsh rhetoric, Senate passes GIDC bill
New law likely to erase legal challenges to the tax, improve financial stability of state-owned gas companies
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Nawaz pushes Turkmenistan to fast track implementation of TAPI
Nawaz to visit Kyrgyzstan on Thursday, hold talks with the Kyrgyz President Almazbek Atambaev
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US, Britain fine six top banks nearly $6bn for forex, Libor abuses
All five, plus the Bank of America, will also pay more than $1.8 billion in fines to the US Federal Reserve
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High yield: Promoting mushroom cultivation
UAF professor sheds light on the ease, benefits and cost effectiveness
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Insecure industry: To break monopoly, CCP asks govt to amend policy
NICL has exclusive rights over insurance of public property.
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Clearing account: Sindh to comply with NEPRA tariffs
Minister reiterates support for solar, wind-based energy projects.
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Market watch: Foreigners remain buyers, index still bleeds
Benchmark 100-share index falls 156.51 points
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Intense lobbying delays LNG import from Qatar
Buyers reluctant to provide firm payment guarantees
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Free Trade Agreement: Pakistan, Sri Lanka could enhance trade to $2.7b
Policies of the two countries and lack of interaction hindering bilateral trade
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Generating finances: National Assembly passes GIDC Bill 2014
Cess will bring funds for investment in different projects.