Business
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Leather industry participates in global fair
Local tannery wins accolades for product quality, bags award.
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Food Department poised for wheat procurement drive
Comprehensive plans in place to ensure smooth campaign.
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Heads of state-run enterprises may be axed
Caretaker minister seeks contract details of all CEOs for review.
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WAPDA, others have to pay Rs113m in unpaid power bills
Mirpur deputy commissioner directs defaulters to clear dues in a week.
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Future of SSGC hinges on court verdict on UFG
MD says benchmarks fixed by OGRA are unrealistic.
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Three development sector officials on mysterious visit to the US
Despite repeated attempts, no official can explain the true nature of the visit.
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Market watch: Rally continues on slightly subdued note
Index gains 38 points in range bound session.
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Circular debt pushes oil and gas firms near default
Interim setup told PPP-led govt left it a herculean task of resolving the issue.
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FMCG stocks skyrocket after Unilever delisting confirmed
Enthusiastic investors expect the $500m to stay in the sector, driving up valuations.
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Mr Sethi, please!
If Sethi wants to end up as honest caretaker, then his economic priority should be to ensure zero overdraft with SBP.
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Industrial production: HMC collaborates with foreign companies
To manufacture power boilers and wind turbines.
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Travel woes: Delays in renewal of passports stall business
KCCI urges govt to intervene on emergency basis and resolve issue.
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Market watch: KSE continues on record-breaking streak
Broad rallies in nearly all sectors push index upwards.
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Iran will provide $500m for pipeline work
Ministry denies allegation of kickbacks in award of contract.
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Fertiliser off-take: Urea sales 51% higher in March
Analysts expect a positive impact on earnings of major producers.
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Olson points out opportunities to deepen economic ties
US envoy meets businessmen and reaffirms commitment.
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Khabeer’s Islamic financial services portal goes online
It is claimed to be world’s first website to offer information about Shariah-compliant investment products.
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Railway services: Four Brothers to launch another express train
Group believes after ‘success’ of Business Express, there is room for another venture.
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Gas pipeline: Pakistan, Iran to meet to finalise construction contract
Iranian team will arrive for talks to be held on April 15 and 16.
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Fruit exports: Lack of safety standards hurting exports
Almost one-third of fruits are wasted before it reaches consumers.
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Fighting for survival: Pharma lobby warns of impending collapse of sector
At least five pharmaceutical companies have quit operations in Pakistan, with more expected to follow suit.
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Ship-breakers urge FBR to withdraw ‘controversial’ SROs
Say notifications will force them to close shop.
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Businessmen press for PM’s intervention
Demand withdrawal of all controversial SROs issued after December.
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APTMA pays Rs4 billion in taxes to ‘save image’
Says end product producers must pay 5% refundable tax, not spinners.
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Engro, PSO to work jointly on Thar coal
Oil marketing firm keen to take a stake in coal mining company.
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Market watch: Stock market continues record-breaking streak
Cement sector helps index cross 18,300 points.
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IMF wants Pakistan to phase out power subsidies
Agreeing to demand may force caretaker govt to raise power tariff for consumers.
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Unilever accepts delisting price set by KSE
Food giant likely to incur ire of investors after deeply unpopular move.
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Collusive activities: CCP nails Fauji Fertilizer, Engro Fertilizers with Rs8.6b fine
Investigation finds both companies unjustifiably increased prices of urea in tandem with each other.
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Incentive to pay: Amnesty scheme help FBR register 22% increase in revenues
Owners of smuggled vehicles, tax-dodging textile mills avail option to pay lower taxes.
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Fashion at your finger tips — a consumer’s dream come true
Fashion Pakistan Council joins forces with Labels e-store for FPW 5.
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Damage control: Sued by JS for fraud, Ghani Osman levels counter-accusations
Allegations fly between two brokerage firms, capturing the attention of Pakistan’s financial sector.
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Development approval: Petition against ‘defamation’ of Bahria Town disposed of
LDA DG given six weeks to resolve question of legality of three sectors.
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Agricultural credit: NBP reaches out to farmers
The bank has disbursed Rs45.789 billion as agriculture credit among 241,296 farmers during 2012
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Best practices: SSGC, Transparency International ink MoU
The MoU will facilitate the gas utility in availing TIP’s expertise as an observer.
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Making the shift to bundled powerhouses
WAPDA chairman meets union members, assures co-operation.
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‘Gas supply from Bhit field should be restored’
FCCI says textile sector has come to standstill due to gas suspensions.
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Textile units stay closed for 5th day in absence of gas
Energy supply was to resume on Monday after a four-day break.
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Trade opportunities: Pakistani carpets intrigue international buyers
Prospective buyers throng Pakistani pavilion at Chinese trade fair.
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Hiked taxes: Collection of petroleum levy, GST to increase
Government adjusts levy by making lower reduction in oil prices.
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Branchless banking – an effort to control cash, document economy
Basic aim is to give unbanked people access to financial services.
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Food insecurity takes a ‘nasty’ turn globally
Australian experts ask for immediate steps to wipe out hunger in Pakistan.
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Market Watch: Investors push KSE to record high
Benchmark KSE-100 index jumps 229 points.
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Continuing downward trend: Inflationary pressure eases to lowest level in six years
Experts sceptical about accuracy of data reported, cite changes in methodology.
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Institutional meltdown and its toxic fallout
If our institutions are weak, the state will collapse on itself.
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Going kaput: Bankruptcy – what are the options for the shareholder?
If you invest in a company that goes bankrupt, odds are your stock will be worthless.
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Left to their own devices: The fate of common shareholders in case of bankruptcy
Upon bankruptcy, a firm will be required to sell all of its assets and pay off all debts.
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The energy supply conundrum: Integrating the resources of Central and South Asia
Connecting energy consumption centres to energy-rich states is a win-win solution.
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Problems of peri-urban areas warrant immediate attention to policy
Millions of Pakistanis live in conditions that put their well-being at extreme risk.
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Why have authorities failed thrice in auctioning the 3G spectrum?
International consultant hired for the process provides an inside view.