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Govt approves projects despite paucity of funds
ECNEC rejects calls for cutting development spending.
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Pakistan edges closer to EU duty waiver: Diplomat
Pakistan could boost sales to the EU by 100 million euros.
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With computers being an integral and permanent part of the human social fabric, the scope of this field is limitless.
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Budget fiscal 2012: Govt to continue shaking up the energy sector
Parameters for resolution of the circular debt likely to be announced.
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Market watch : Stock market firms to three-month high
Benchmark KSE-100 index firms 38 points.
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Consumers face 15 hours power outages
Power company’s official washes hands of the matter.
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Plan to privatise Republic Motors may be shelved
Govt fails to recover company’s prime land from illegal occupants.
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Misaligned incentives: How tax collection targets ruin long-term fiscal stability
FBR officials insist that reform is not possible when the finance ministry keeps setting higher numerical targets.
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SBP opens refinance scheme to non-farm sectors
Borrowers in flood-hit areas to benefit from the facility.
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Power tariff : NEPRA allows increase of Rs1.07 price rise
Power cost rises due to increase in furnace oil.
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Energy boost: ADB offers $4.5b for Diamer-Bhasha dam
Bank and Pakistan bridge differences, loan releases depend on pace of construction.
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Wheat: Higher crop yield to boost production
Target of 25m tons expected to be achieved this year.
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‘Pakistan unlikely to get EU package after Indian resistance’
Pakistan not likely to get EU economic package due to strong opposition from India.
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SBP quarterly report: Banking sector assets rise by 8%
Investments in government papers one of the main reasons.
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‘Pakistan needs to work on image’
Commonwealth business forum offers many opportunities.
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Corporate tax: American Business Council seeks cut
ABC of Pakistan proposes reduction in the corporate income tax rate in the upcoming budget for 2011-12.
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Transfer of power: Provinces demand end to NEPRA’s role in pricing
Council of Common Interests to interpret the constitution.
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LPG producers: Controversial petroleum levy on the cards
Move aimed at taxing only half the industry.
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New model, new price: Indus Motor unveils Corolla Altis
Local maker introduces eco-meter for the first time.
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Market watch: Bourse gains 100 points amid better volumes
‘High-profile meetings on low volumes spark investor interest’.
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ADB may offer $500m for Diamer-Bhasha Dam
Bank to finance major water and power projects.
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Power dues: IPPs ask govt to invoke sovereign guarantees
Four independent power companies give 30-day deadline to pay dues.
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Another setback: NA panel blocks issuance of OGDCL bonds
Committee says sale proceeds cannot be used for budget financing.
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Light-weight thresher developed
The machine also saves 1.5 litres of fuel per hour.
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Only Rs91b collection in May
FBR now has to collect Rs8.3b per day to meet the year’s target.
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New technology to control plastic pollution
Oxo-biodegradable bags promoted for trade and industry by replacing existing shopping and packaging bags.
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Market watch : Bourse firms despite deadly attack in city
Rumours of capital gains tax deferral lift sentiments: equity dealer.
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‘15% GST to destroy Halal food export potential’
Stakeholders concerned over likely rise in chicken meat prices.
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‘Ship-breakers pay more tax than steel melters’
Say processing cost has significantly increased.
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Budget 2012: Incentives expected for new entrants in the automobile sector
‘Profitability of existing auto assemblers to remain under pressure’.
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‘New taxes to reduce agri income by Rs244b’
Move will affect production: farmers representative.
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Tarbela plant: Power production to rise to 4,800MW
New turbines being installed in extension phase.
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Privatisation of state units: Committee to finalise proposals in four weeks
Body will have representatives from public and private sectors.
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Food security: NA body opposes food ministry’s devolution
Planning Commission asked to allocate funds to the ministry under PSDP.
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Collaboration: KASB brings in Chinese investment
Asia International Finance Company Limited has invested US$40m in KASB Finance Limited.
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Shift towards hard assets: Financialisation of commodities
Major credit crisis and reeling dollar are major causes of this movement.
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Internet bosses woo world leaders at ‘e-G8’
Bloggers fear move is aimed at more govt controls over internet freedom.
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Gamification: Building loyalty to build profits
Glamification encourages consumers to climb levels of loyalty--for example comic book collectors or star wars fans.
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Don’t miss the bus: Unlock the potential of social media marketing
Maximum outreach in the minimum amount of time.
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Oil imports: Pakistan seeks extended credit terms from Kuwait
Request made during president’s recent trip; KPC invited to build refinery in Pakistan.
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Technology IBM tops Microsoft in market value
IBM briefly topped Microsoft on Friday on the bourse to become the second-largest technology company after Apple.
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Expansion Plans EBRD aim for Arab expansion
EBRD Chief Thomas Mirow said the bank would eventually be able to invest 2.5 billion euros in the region.
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Fruit and vegetables: ‘Modern techniques can double exports’
University working on projects aimed at improving the field of agriculture.
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‘Gradual effort will overcome economic challenges’
Government trying to bring new sectors into the tax net, instead of taxing the already taxed sectors: Hafeez Shaikh.
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Used cars: Govt increases tax concession rate to 2%
Depreciation rate also rises.
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GSK to implement new strategy in Pakistan
Pakistan’s GDP and population’s continuous growth trend attracts investors: Marson.
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Bridging the gap: Govt looking for $1.5b loan from the UAE
Loan to help in budget financing for the next financial year.
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Weekly review: KSE-100 closes flat as volumes drop to 36-week low
Investors remain on the sidelines before monetary policy and budget announcements.
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Monetary policy: Discount rate unchanged
Create space for private sector borrowing, central bank tells the govt.
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China to take control of Gwadar Port
China will take over control of the Gwadar Port Authority once the contract with the Singapore Port Authority ends.