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Corporate corner: Jubilee General launches Takaful operations
Jubilee General plans to increase the insurance penetration in Pakistan, especially in the SME sector & retail market
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Power firms to recover unpaid bills by June
Consumers, including govt depts, owe Pepco Rs600b
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Hitting exports: South Africa places duty on Pakistan’s cement exports
Will range from 14% to 77% for different companies; will initially be levied for six months
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For 2013-14: Increase in spending higher than growth in income
Findings suggest monthly income of all quintiles increased in the range of 21% to 24%.
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When the facts change, I change my mind
Pakistan can achieve potential growth in next 1-2 years if it undertakes critical reforms delayed by successive govts
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Tax reform as a social movement
Tax reform is necessary for healthy thought and the emergence of productive social forces
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Market Watch: Bourse recoups some losses on rate cut hopes
Benchmark 100-share index rises 188.29 points
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Week-on-week: Forex reserves up $33 million
SBP’s liquid foreign exchange reserves up by $33 million to $12,550 million compared to $12,517 million previous week
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Post-GSP Plus: EU team reviews progress on social standards
Visits APTMA office, discusses benefits of GSP facility
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Corporate results: Honda Atlas profit up by a massive 195%
Earnings rise due to Rs405m tax refund in fourth quarter
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Damage control: ACE Securities to lose TRE certificate today
KSE to take formal decision on forfeiture; move comes after brokerage house’s failure to meet investors’ claims
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Machinery purchase: Japan to provide $4.2m grant
The grant will help governments of K-P, Balochistan procure machinery, equipment for technical and vocational training
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Agriculture: PM promises a bright future to farmers
Govt working on easy loans, improving livestock
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Wheat supply: Finance ministry refuses to clear all PASSCO dues
An amount of over Rs30b has accumulated against G-B since 2009
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Divided: CNG station owners split over LNG supply
Some want control over gas distribution, others see no role for third party
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With CNG scarce, electronic rickshaws offer a ride out for Pakistan's commuters
The 'E-Trike' can travel over 95km on a seven-hour charge at 25km/h
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Extending assistance: Australia eager to help Pakistani farmers
ACIAR Country Program General Manager says his country wants to help raise famers’ income
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KASB Bank’s merger: Senators demand probe
The interests of accountholders of defunct KASB have been protected, said Jam Kamal
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Agriculture sector: Experts put misconceptions about Seed Act 2014 to rest
Say suggested law will benefit farmers by facilitating trade and discouraging mafia.
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Uncertain times: Instead of new MD, confusion takes over at PSO
Engro Elengy CEO Haque a no-show, was notified to be in office on May 11
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Showing confidence: Tundra Fonder’s latest fund to invest in Pakistan
Global asset management company focusing on sustainability.
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SNGPL rejects company’s request for LNG distribution
Says Universal Gas Distribution Co has not got licence from OGRA.
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Confidence boost: MSCI includes two Pakistani companies in frontier index
Hub Power and Indus Motor added, Pakistan Tobacco removed.
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Technology Idea (Tech-I) Competition 2015: Pakistani start-ups through to semi-finals
Will now vie to finish among top-15 in international entrepreneurship competition
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Warning: Power firms fail to control theft, provoke the ire of govt
Ministry sends notices to CEOs, seeking explanation in two weeks
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New boss: Game of CEOs subsides as Engro Corp announces new chief
Khalid Siraj Subhani takes over; Ali Ansari’s three-year term ends
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PM hosts lunch to settle corridor route controversy
The CPEC was termed to be of strategic importance
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Demand low for Pakistani rice in global market
Exporters seeks reduction in production cost and high-quality seeds.
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Investment: US companies interested in setting up gas plant
ICCI chief invites investors to explore country’s oil and gas sector.
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Consumption by CNG stations: SNGPL seeks to take control of LNG supply
If allowed, tax concession will go and CNG prices may rise Rs14 per kg.
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PRISM: Value of transactions goes up 21% in Jan-Mar
Interbank Funds Transfer registers major share in increase.
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April data: Fertiliser sales soar to 363,000 tons
In January-April, urea demand rises 15% to 1.87m tons.
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Auto sector: Car sales surge 28% during 10MFY15
Clock in at 143,000 units; April’s figures show 57% increase year-on-year.
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Toiletries targeted as well: govt proposes to withdraw more SROs
Concessions to other sectors may also be entirely revoked.
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Accounts not submitted: In financial ripple, KSBL faced with several issues
School’s fund-raising entity unable to hold annual board meeting.
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Long road ahead
It’s time to consolidate and keep the promises made — not just those made to the IMF but also those made to the...
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Switzerland's first driverless car hits Zurich roads
The Volkswagen Passat has been equipped with sensors, computers and special software
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ADB to provide $6b for infrastructure projects in Pakistan
Along with the 660-megawatt Jamshoro power plant, the funds will be used for several hydroelectric dams
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Friends with benefits: Lot to be explored in steel, iron sectors
LCCI chief emphasises need for increasing bilateral trade.
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Ramazan package: Ministry for purchasing wheat from govt’s stock
It wants to create space for fresh crop of the staple.
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Gwadar Port: First consignment en route Dubai
Fish exports leave port, another one expected to leave on May 18.
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10MFY15: Remittances increase 16% year-on-year
Amount to $14.9b; inflow from Saudi Arabia remains highest.
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FY16: Businesses to suffer as govt considers SROs’ withdrawal
Comprehensive plan chalked out to end preferential treatment .
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Visit to Central Asia: PM to push for early start of gas, power supply
Foreign Office holds meeting to prepare agenda for the trip on May 20-21
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Pakistan to see 4.1% growth this year, well below target
Tax collection target for fiscal year 2014-15 revised lower yet again
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Electronic Crimes Bill 2015: Public hearing a glimmer of hope for stakeholders
Ministry of IT expected to give serious consideration to people’s concerns
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Sorry picture for female labour-force participation
Pakistan heavily lagging behind countries like Philippines, Indonesia
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Crowdfunding: gateway to financial access
Lack of funding biggest hindrance to business ideas
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Competition intensifies: US seeks to reshape ties as Chinese influence grows
In response to Chinese investment in Pakistan, US to provide expertise, technical assistance
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Energy Sustainability: Fifth congress takes place for engineers
The congress had six technical sessions in which 24 papers were presented