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Market watch: Bourse falls as investors book profits
Benchmark KSE-100 share index dips 53 points.
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Economic competitiveness: Superior technologies critical, LCCI president
‘Technologies can increase the effectiveness of business functions’.
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FBR plans tax amnesty schemes
People will be allowed to pay due taxes without any penalty before June-end.
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Chamber to chamber: Campaign launched to improve ties
Move is imperative for the survival of businesses: FPCCI VP.
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CGT on immovable property under study
Govt considers options to levy tax in 2011-12 or next year.
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Aiding agriculture: Six dams will be completed by 2011-12
Plan to bring 12,310 acres more under agricultural land in K-P.
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Pakistan, Indonesia tariff talks hit deadlock
Jakarta blames Islamabad for lack of progress in negotiations.
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Fuel prices shoot to new highs in fiscal 2011
Diesel and petrol prices reached record high in May.
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World’s largest urea plant comes online
The Corporation’s debt stands at Rs132 billion whereas the total worth of the company stands at Rs168 billion mark.
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Authority goes all out: FBR resorts to ‘arm-twisting’ to meet tax collection target
Tax authorities out to collect Rs140 billion in the remaining one week of the outgoing fiscal year; Banks are targets.
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Profits derailed: Govt agrees to release Rs11.5b to Pakistan Railways
Revenues are meeting only one-fifth of the spending needs. Losses incurred amount to Rs3 billion per month.
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Mango festival: The ‘king of fruit’ does not get royal welcome by exporters
Over 25 varieties of mangoes up on display.
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Smartphones: Not so popular in Pakistan
Estimates suggest that the smartphone share in Pakistan is 5% of the total mobile phone market.
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Islamic banks face dearth of products
State Bank lays stress on developing risk management infrastructure.
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Growers willing to pay GST if rate reduced to 4%
Deny that loan default is a chronic issue in agri sector.
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Renewable energy projects: ‘Govt to streamline tariff procedures’
Power producers will know from start about tariff structure.
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Sheikhupura gets dry port
‘Port to provide efficient logistical solution’ .
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PSO receives Rs11b in debt repayment
FBR will recover Rs5b in taxes from this amount.
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IPOs dry up with only three issued in fiscal 2011
Volumes also drop 40 per cent at the Karachi Stock Exchange.
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Oil and gas reserves: Drilling target to be missed by about 38%
Activity resumed in Balochistan after a lapse of two years in fiscal 2011.
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Joint venture project: PARCO to restart work on Khalifa Coastal Refinery
Board decides to set up a company for project implementation.
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Market watch: Bourse closes at five-month high
Benchmark KSE-100 share index jumps 139 points .
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Deals inked to import electricity from Iran
Iran will provide electricity at low rates of Rs7 per unit from next month.
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Shipping agents fined Rs1m for forming cartel
CCP takes a lenient view due to shipping body’s cooperation.
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Spanner in the works: Greek debt crisis delays issue of $500m OGDC bonds
Road shows limited to state of Pakistan’s economy, did not offer the bonds.
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Special zones to offer 10-year tax holiday
Law for establishing economic zones to be approved soon.
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Sales Tax Imposition: Kiln owners threaten indefinite strike
APBOA representative says it is impossible for business to function with sales tax and high production costs.
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Transformers, feeders fail due to overload
PEPCO trying to upgrade transformers to ensure relief to consumers.
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Better days to come: Hum Network stock drops 20% in June
Advertising revenues expected to head north in fourth quarter.
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ADB targets solar power projects in Pakistan
Bank to launch $2.25b energy development fund for Asia.
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Viral messaging: ‘Text messages facilitate productive relationships’
Authors of report say that though literacy rates in Pakistan are a barrier, illiterate phone users are also SMS savvy.
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Social media: Application shows aftermath of floods
Generated 90,000 downloads since its launch.
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Market watch: Bourse gains led by oil and fertiliser sector
Benchmark KSE-100 share index rises 43 points.
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Govt collects Rs16b in sales tax on services
Targets to collect more than Rs17b next year.
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MSCI Annual Review 2011: Pakistan’s index going nowhere
MSCI terms capital market ‘similar to last year’.
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Fiscal arm-twisting: Government backs down after ADB threat
Lender says it will stop loan if govt transfers SECP’s surplus income to federal fund.
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Price hike: Fertiliser prices skyrocket
Almost all types of fertilisers are being sold at exorbitant prices.
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Sovereign guarantees: Power producers withdraw notices
Govt assures release of Rs8 billion before end of June.
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Regular fines Treet official for insider trading
Accused buys shares of company before a corporate announcement.
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Payout: PPL declares early dividend
Dividend issued to support govt’s fiscal needs: analysts.
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Market watch: Bourse recovers from preceding day’s slump
Benchmark KSE-100 share index jumps 160 points.
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Ministry suggests water treaty with Kabul to avoid dispute
Water sharing modelled on Indus Waters Treaty advocated.
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Gas leakage ceiling: Gas distribution firms take OGRA to court
Govt may not be able to increase tariffs from July.
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Major concession : Excise duty abolished, sales tax reduced for importers
Step aimed at encouraging importers to get cargo cleared before June-end, consumers get short end of the stick.
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Internet body throws open domain names; .anything
$185,000 to apply, individuals or organisations will have to show a legitimate claim to the names they are buying.
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CIO Pakistan: The Medium of Games
Software is supposedly our future, but how good are we at mastering the software side of the Industry?
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Water availability has dropped 500% since 1947
Construct new reservoirs and conserve water, says IRSA chief.
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Fertiliser: Country to import further 50,000 tons
Tender for import issued to ensure fertiliser supply for Kharif season.
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Italian company: ENI to construct 400MW power plant
ENI suggests working in new gas fields for power generation on build, operate and transfer (BOT) basis.
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Teams leave to sell OGDC assets amid opposition
Parliamentary panel, economists oppose selling govt assets for budget financing.














































