Business

Engro Corp’s fertiliser arm will be quoted on stock market by year-end.

IGI Insurance sees profits drop by 36.2% on back of higher claims.

Benchmark KSE-100 index gains 106 points.

Reports allege companies sold power fraudulently to the national grid.

Will have to bear additional subsidy of Rs200b this fiscal year.

Prime minister forwards his own recommendations to finance ministry.

Attributable to growing local sales and gross margins .

They are accused of manipulating Azgard Nine’s share price.

Profits rise by 63% in 9MFY13 over previous year.

Despite higher oil and gas supply quota, load-shedding peaks to 18 hours.

Allied Bank, Bank Alfalah, and Bank AL Habib announced their first results of the year.

Benchmark KSE-100 index gained 132 points.

Meezan Bank believes Islamic banking will be 20% of banking industry in 2015.

Repair work on undersea cable to start from April 28.

Says the bank is ignoring critical areas of energy, civil service reforms.

Say gas supply to Punjab’s industry being cut to half.

Specialised policies for least developed and small economies urged.

Company records only 2% growth in earnings over preceding quarter.

Meeting was called to consider projects worth Rs16b for approval.

Bank manages to cut provisions, boost non-core income to stay in profitability .

Despite ban, govt’s persistence to acquire permits suggests sector is still profitable.

Support from earnings announcement helps index gain 42 points.

Despite higher operational profitability, a large drop in company’s interest receivables restricts overall growth.

Entrepreneurs complain about cumbersome procedures.

OGRA directs company to recover billions of rupees worth of dues.

Ahead of general elections, cellular operators start to offer related services.

IMF to negotiate loan agreements with the elected government.

The ministers assured that gas and electricity supply will be increased with immediate effect.

Despite severe gas shortages, the outgoing government awarded as many as 1,480 CNG stations licences, says Muneer .

Wishes to capitalise on increasing brand awareness.

Company feels that the Pakistani market can afford its pricey services.

PC deputy chairman visits GCUF, boosts students’ morale.

Guidelines will improve governance and stability of firms.

Forex and Interbank Musharakah agreements to be standardised.

Volatile benchmark KSE-100 index falls 26 points.

Refinery will increase capacity to 220,000 bpd in five years.

Has collected $400m in infrastructure cess for the project.

Country reaches close to full-year deficit target in nine months.

Only thing that truly separates this from conventional systems is the required adherence to a stricter code of ethics.

Interest-free and subject to high moral codes, growth will be slow in the long-run.

In Pakistan, similar models have emerged, blurring the line between Islamic and conventional finance.

Shariah-compliance is important to most customers, but service quality appears to be more important.

The breach occurred in the morning. Wheat and sugarcane crops were affected.

Speakers laud UAF’s efforts to bring about a farm mechanisation revolution.

The Pakistani delegation comprised of various top ranking members of SAARC-CCI from the chamber’s Pakistan wing.

Agriculture university displays new technology on Farmers Day.

Will arrange a tour in October for business-to-business contacts.

While the size of the sector has grown, the number of players remains static.

As fashion industry grows, more millers find reasons to invest locally.

Fears rise that PSO’s inability to pay dues may damage Pakistan’s credit rating.