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Corruption public procurement: CCP to involve investigative agencies in crackdown
Cartelisation has become a norm in Pakistan rather than an exception.
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Stock market activity drops to 13-year low
KSE members hold meeting to discuss the massive fall in trade volumes and lack of participation.
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Market Watch: Bourse falls to five-week low
KSE’s benchmark 100-share index drops 185 points.
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Fertiliser shortage of 240,000 tons expected in December
‘Uninterrupted gas supply only way to overcome shortage’.
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Trend remains upwards: Inflation falls to 23-month low
This is the first time in five months that the month-on-month increase in inflation slipped below one percent.
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Imports in telecom sector up by 44%
The Federal Board of Statistics data reveals import expenses grew to Rs15.9 billion compared to last year.
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Forex reserves fall to $16.88 billion
Reserves witness downward trend since July 30 due to debt repayments.
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Investment conference: ‘flydubai shows impressive growth since launch’
UAE-based banks plan to expand operation in Pakistan.
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Rupee slides for fourth consecutive day
Bleak economic outlook, import payments remain top reasons.
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Economic Coordination Committee: Rs6 billion bailout for Pakistan Steel approved
ECC fails to take decision on sugar import and audit of fertiliser companies.
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CNG stations open five hours ahead of schedule
SSGC allows protesting owners to open pumps.
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Market Watch: Bourse witnesses another lacklustre session
Benchmark 100-share index gains 25 points amid low volumes.
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Young achiever: 16-year-old develops “Multi Texter” for Android smart phones
Application enables sending many texts to multiple users at once.
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Ministry backtracks: Gas supply to fertiliser sector continues
ECC defers summary of revised gas load management plan; Industry & CNG stations to face 3-day gas outage in December.
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Biotechnology: WTO protocol poses hurdles in transfer
Adoption of modern technology is pivotal to avert food insecurity.
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Two-thirds of all US containers vanish from the system
FBR report says there is no electronic acknowledgement of 95,374 containers crossing into Afghanistan.
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Sales tax on services: Government takes back decision, FBR to collect
Kaiser Bengali hits out at decision, says it is against the policy of provincial autonomy.
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Joint Jammu & Kashmir Chamber formed
Agreement reached after three-day meeting held in Istanbul, Turkey.
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Christmas Orders: Textile exporters likely to default
Exporters would not be able to meet deadlines for $4 million orders from Europe and the United States of America.
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NA panel to probe allegations of corruption by ex-OGRA chief
‘Former Ogra chairman framed rules of his own will’.
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Govt restricts budget deficit to Rs257.2b
For the first time ever, the entire financing burden is on domestic sources.
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Going Up: LPG prices jump by Rs1,144 per ton
Domestic price of LPG will be increased by Rs1.5 to Rs2 per kilo, 11.8kg cylinder by Rs23 & 45.4kg cylinder by Rs63.
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Zardari woos Korean investment
Invites Seoul to setup economic zone in country.
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Tax collection increases 28% to Rs640b
FBR needs 25.5% growth to achieve target for this fiscal year.
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Market Watch: Bourse takes a back seat as volumes drop
Benchmark 100-share index gains 26 points in dull session.
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Govt to cut gas supply to fertiliser sector
90mmcfd of gas to be diverted to domestic users.
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Monetary policy: Discount rate unchanged
Macroeconomic risks have increased in the last two months: SBP.
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Diesel shortage: Another 11 passenger trains suspended
Locomotive engines at risk as mobil oil short too.
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Passing the burden: Oil prices increased up to Rs 4.79 per litre
High Speed Diesel and kerosene see biggest increase.
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Heavy duties on raw materials impact textile exports
‘Local manufacturing inputs are costlier than in regional countries’.
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Engro decreases fertiliser price by Rs100 per 50kg bag
News expected to hurt earnings per share for industry peers.
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Remedy: ‘Use latest technology to save energy’
Hameed Ullah Jan Afridi says energy-efficient appliances can prevent unnecessary use of energy.
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Monthly revision: Govt likely to keep petrol, diesel price unchanged
OGRA sends November oil price summary to prime minister for approval.
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December bidding: Japan expresses interest in Thar coal
Two Chinese companies and one Korean company have showed interest in participating in bidding of more blocks.
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Rupee at new record low of 88.28 to the dollar
Import payments, concerns about local economy continue to bash local currency.
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Market Watch: Bourse ends flat in dull session
KSE’s benchmark 100-share index gains 13 points.
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Oil and gas sector: Senior management to be tested before promotions
Petroleum ministry sends Uniform Recruitment and Promotion Policy to public companies for approval.
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LSM growth declines 3.5% in September
Positive impact of change in calculation method fades away.
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Reko Diq project: Tethyan Copper files for international arbitration
Move sought after Balochistan refused to grant mining licence.
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Infrastructure development levy: Gas price for fertiliser industry to go up by 193%
The levy will not be imposed on domestic and commercial consumers.
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Fuel adjustment surcharge: LHC extends stay on NEPRA order till Dec 13
Deputy attorney general seeks more time to get federal govt’s response.
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LHC tells OGRA to explain granting LNG quotas to 2 companies by December 19
Petitioner argues that OGRA had given the companies quotas without inviting an open tender.
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Encouraging farmers: 'Cultivating jute locally could save $100m in imports'
Farmers assured of provision of free seeds, fertilisers along with technical assistance.
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India wins rights to biggest Afghan iron mine: Official
A consortium of Indian companies has won the rights to develop Afghanistan's largest iron ore deposits.
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CNG stations: Gas company issues shutdown notice
To help household consumers maintain gas pressure, SSGC decides to curtail supplies to CNG stations in Karachi.
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Experts slam reversal of tax decisions
Meeting discusses dilly-dallying in implementation of reforms.
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Efforts to fight cotton virus discussed
Plant diseases emerge due to climatic changes.
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Non-performing loans: KPCCI concerned over rising bad debt
Negative image of province combined with stern attitude of banks towards lending has led to downward growth in the KP.
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Rupee hits record low against dollar
Increased import payments and negative regional sentiment on currencies top reasons.
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Policy rate: Balancing inflation, growth a difficult task
Inflation, govt borrowing to be deciding factors in monetary policy.