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Remittances grow 7.5% in first eight months of fiscal 2013
In February alone, Pakistanis working abroad sent $1.028b.
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Car sales dip 26% due to a mix of factors
Sales stabilise in February due to election-related buying, weak imports.
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PPL clinches eleven exploration blocks
Company commits 6,445 work units, equivalent to $64.45 million.
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Index futures: Stock exchanges to feature equity derivatives
Stock index futures contracts to be traded with banking, oil and gas and KSE-30 index as underlying indices.
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Awan under consideration for IT secretary slot
Establishment Division may issue official notification shortly.
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Weighing heavy: Iran-Pakistan pipeline drains optimism at Karachi bourse
Index plummets 441 points after president formally inaugurates project.
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SC issues stay order on multi-billion LNG contract
The cabinet should not be forced to take decision for the contract, says CJ.
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Pakistan: treading a difficult path
Our economic realities are stark, but the future depends on us.
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Greece and the EU’s obsession with austerity
Troika of European powers is actually crowding out Greek interests.
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The economic costs of violence
Govt needs to ensure the security of investments or be ready to lose all.
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Life after Jobs: For Apple, the real test is yet to come
All its current offerings are still products of Steve Jobs’ innovative mind.
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In Pakistan, fashion still too shy of e-commerce
Apparel designers cite multiple reasons for not taking businesses online.
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Use of Sukuk to meet govt’s borrowing requirements
Sukuk can be used as an instrument to discipline public sector borrowing.
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Dragged down: PIA needs to jettison its past to prepare for a better future
There is no one-stop solution to the woes of Pakistan’s loss-making flag carrier.
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Tracking the economy: The fickle Pakistani stock market
Is our stock exchange really an indicator of the country’s economic prowess, or just a clubhouse for the rich?.
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Telecom sector: Cellular subscribers fall by 1.6m as govt steps work
Ban on SIM sales from retail outlets, strict data verification restrict demand.
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Weekly review: Karachi Stock Exchange dips below 18,000 points amidst fog
The law and order situation and weak macroeconomic indicators contribute to the decline.
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Gas Pipeline: ‘Govt should not succumb to any pressure‘
Pakistan will face a shortfall of 1,445 million cubic feet per day (mmcfd) in 2013-14 against demand of 3,638 mmcfd.
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Short-term economic setbacks force business spending cuts
Management accountants say organisations need to be resilient.
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Capital markets: SECP rethinks how to regulate the financial sector
Regulator seeks to balance its role as a watchdog and a promoter of the markets.
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Flex printing edges out traditional handmade banners
Printers see a big surge in demand ahead of general elections.
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Indus Motor starts assembling Toyota Fortuner
Sports utility vehicle is 40% cheaper than its imported counterpart.
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Forex reserves able to finance only three months of imports: Mandviwala
Federal cabinet to take decision on LNG imports, says Mandviwala.
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ECC rejects multi-billion dollar LNG import deal
Committee directs petroleum ministry to get approval of lowest bid from SSGC.
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Sting operation: FBR cracks down on South Korean cigarettes
PINE was the most smuggled cigarette, says custom official.
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Porsche all for introducing hybrid cars in Pakistan
Presentation highlights key benefits of the technology.
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Elixir Securities bullish on KSE, even if incumbent govt returns
Expects index to gain 21% in 2013 despite unfavourable conditions.
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Following success in Pakistan, China Mobile looks to expand
Zong boosts confidence of its parent to seek global M&A opportunities.
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Incoming calls to Pakistan: US suspends payments to telecos over call rate hike
US regulator declares International Clearing House ‘anti-competitive’.
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Market watch: News from the US sends shockwaves in local bourse
Bourse closes down after new controversy over ICH rates.
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End of monopoly: Pakistan’s rice trade with Iran takes a downturn
India’s basmati exports bounce back as they are paid up front with oil rupees.
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Next govt will have to deal with inefficient state-run firms
Launches Corporate Governance Rules 2013 for public sector companies.
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Taking action: 78 mills, CNG stations booked for Rs1.6b gas theft
They were charged by govt for theft amounting to over Rs10m each.
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Oil refineries: ECC to audit accounts, increases duty on diesel
Body questions refineries for not upgrading plants despite collecting deemed duty.
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Under guise of war relief: Rs1.6b tax liabilities of three industrial units waived off
Decision taken to favour the influential despite opposition from FBR.
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Moving forward: Italian ambassador hopeful of further investments in Pakistan
Says that key industries of both countries complement each other.
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Tax amnesty scheme: ICAP denounces bill as encouraging tax evasion
ICAP is opposed to ad hoc means of revenue generation, such as tax amnesties or presumptive tax regimes, says Masood.
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Mergers and acquisitions: Arif Habib Corporation agrees to sell Thatta Cement
Four private companies to buy a 61% stake in the construction materials manufacturer.
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As elections near, car sales expected to pick up
Industry insiders say autos to be used as bargaining chips, bribes.
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USAID-funded computer centre inaugurated at DISCO
Multan’s electricity utility to use it to monitor line losses.
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Iran-pakistan pipeline: Islamabad to complete project ‘despite US pressure’
“President Zardari will visit Iran for the groundbreaking ceremony and it will take place on March 11,” says Khan.
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Wheat procurement to start in April
PASSCO to buy 1.6m tons, Punjab Food Department to purchase 4m tons.
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ECC likely to allow award of LNG contract today
SSGC recommends selection of lowest bidder for import of 400 mmcfd of gas.
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Market watch: Blue chips under pressure amid thin volumes
Index closes below the 18,000 mark after falling for five straight sessions.
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Lahore High Court suspends new PTA member finance
Awan’s status as PTA chairman had earlier been declared illegal by the same court.
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Struggling industrialists pin hopes on gas pipeline project
Firmly back the government in the face of US pressure.
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The eleventh hour: ECC to make several important decisions before government bows out
Gas prices likely to rise after cess is reimposed; diesel may become pricier; older CNG stations can be shut down.
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Cabinet approves Rs3.2 trillion budget for the fiscal year 2013-14
The budget was decided with a 4.5 Gross Domestic Product (GDP) growth.
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Industrialists offered funds to establish units
NIP will finance projects being set up in Rachna Industrial Park.
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Energy sector: Premier urges increased investment
Janahi said his company is examining the possibility of investing in the energy sector of Pakistan.