Business

Crude oil uncovered near Mianwali; possibility of extracting 1,700 barrels/day.

In conversation with Sajid Akbar, Country Manager, Oracle Fusion Middleware, Pakistan and SAGE West.

Muzammil Sultan said he would pursue policies which would work for betterment of business community.

High cost of production and weak rupee blamed for the rise.

Electronic sharing of information to check smuggling and promote trade.

SECP takes action due to non-compliance with regulations.

ERC allowed investors to invest in one of largest conglomerates of Pakistan, earn fixed rate of 14.5% per annum.

Bidding for privatisation of power houses on October 21.

Tariffs will be in range of zero to five per cent to meet SAFTA guidelines.

KSE’s benchmark 100-share index crawls up 4 points.

Plugging of revenue leakages and recovery of arrears to generate Rs50 billion.

Businessmen asked to take internal measures to reduce crime rate.

‘Decision will slow down the already sluggish economy’ say industrialists.

Industry’s reliance on govt instruments continues.

Parliamentary panel summons Planning Commission deputy chairman for terming 2008 poverty estimates a fraud.

Two off-days will be implem­ented from Octobe­r 15 if the CCI approv­es the decisi­on.

Body had planned to discuss corruption in Competition Commission.

Some of the more reputed firms report turning away clients; many find it hard to recruit quality personnel.

Move aimed at facilitating and encouraging textile exports.

After completion of the dam, power unit of 50 MW will be installed in the diversion tunnel adding to the 969MW unit.

Draft of new companies law to be finalised by December 2012.

KSE’s benchmark 100-share index drops 38 points.

The project will help ease power shortages in country.

The rise has come following Engro’s price hike.

Company and takeover will also be revamped.

Cabinet likely to approve 18 % increase in gas tariff for IPPs, 2 weekly holidays, infrastructure cess.

UN's food agency at least 880,000 hectares of standing crops have been destroyed by floods.

He also informed that $700m in Coalition Support Fund (CSF) have not been received during the current year.

Parliamentary body gives go-ahead to proposal with maximum jail term set at 14 years along with fine of Rs10m.

DG Khan Cement annual earnings to jump 7.8% from interest rate drop.

‘Company will expand its plant only when the industry is protected’.

Union demands better compensation and benefits, action not yet a strike.

Region demands NFC share before levy of corporate tax.

The 27-storey project’s Accor chain quits Pakistan over rising violence.

Highest selling car Corolla sales slow down as Mehran catches up.

Production ministry seeks loan guarantees for state-owned Pakistan Steel Mills.

Gap in interbank, open market dollar rates encourages use of hawala system.

Deficit position may worsen earlier than government expectation.

Marketing company to first purchase oil from domestic refineries.

Talk of foreign selling did not perturb local investors.

The energy shortfall and high urea prices are likely to affect the performance of industrial and agricultural sectors.

Links financing with award of multibillion-rupees contract to state-owned firm.

China sees loss of millions of jobs as global demand falls.

Insiders blame procurement policies, low production for red ink on the company’s financial statements.

Potential to bring about positive socio-economic change is huge.

Machines are being sold as scrap at throw away prices.

The acting governor of the State Bank appears less willing to be confrontational with the finance ministry.

The 1.5% decrease is far beyond that expected by analysts; likely to spur rally on the stock market.

Kabul resents Islamabad’s restrictions on its transit trade, meant to curb smuggling.

FBR insists NLC is liable to pay tax and has approached the Law Division to get its opinion on the issue.