Business

Acting CEO of Pakistan Steel says there is no plan for privatisation nor is any retrenchment being carried out.

Current production capacity enough for public sector infrastructure projects like small dams and canal lining.

Reserves down $110 million over the preceding week, according to data released by SBP.

Prime Minister Gilani asks PIA to improve services and maintain punctuality of flight schedules.

Iranian Commerce Minister Mehdi Ghazanfari says trade volume can be enhanced by encouraging their private sectors.

Indian government considering banning export of wheat products to tame spiralling food prices.

Engro’s Rupiya certificates reach Rs4 billion target days before deadline for subscription.

Petitioner says SSGC bound to supply 257 mmfcd gas to KESC, court orders government to constitutional provisions.

SECP invites stakeholders to review proposed draft of SECP Micro Insurance Rules 2011.

Output in LSM sector plunged 2.3% from July through November, government pins hopes on wheat production.

If growers are unable to sell their stocks in the current season, there will be a glut in the market.

KSE gains 178 points to close at 12,459 on Thursday after aggressive buying due to news of the MTS being approved.

The introduction of leverage products to the markets is expected to provide much-needed liquidity to local bourses.

PSO decides to restore the fuel supply to Pakistan Railways despite a pending payment of Rs750 million.

Pakistan sells around 500,000 tonnes of wheat to Bangladesh, Myanmar as global supplies get squeezed.

If a foreign company is awarded the contract, Pakistan will only get $160 million in royalties.

Trade volume improved to 143.16 million shares – up more than 19 per cent from Tuesday.

Rs200 million would be spent on construction of modern bus terminals in Thatta, Badin.

focus should be on development, professional management of industrial parks and economic zones.

brokerage house facing charges of having transferred shares owned by investors to other accounts without knowledge.

Iran, Pakistan look forward to trade collaborations together.

Government implementing new taxes to cover deficit.

Company to utilise local iron-ore deposits.

The Exchange has expressed hope that the OTC market will provide an “efficient and transparent source of investment”.

Trade show being held between May 21 and May 25 at the Moscone convention centre in San Francisco.

The current volume of trade between the two countries is approximately $5 billion.

Businesses see increase in exports of agricultural products.

The first of three phases completed, capacity increased by 30 per cent.

E&P companies will be facilitated.

Businesses hail KESC and SSGC efforts to ease crisis.

Facility opens up possibilities of export to Russia.

Seeks to be official carrier for public sector entities, ECC to take final decision.

Government-backed bond will reach maturity in 2016, distortions in fuel price could hamper progress.

Ninety two companies registered in Lahore, 85 in Karachi and 80 in Islamabad, SECP press release shows.

After floods affected domestic crops of pulses, imports of the crop reached 269,000 tons from July-Dec 2010.

Sui Southern Gas Company's Managing Director responds to court petition alleging diversion of gas to SNGPL.

Industrial zones faced 12 hours of power outages on Monday but the shutdown was reduced to eight hours on Tuesday.

Remittances sent home by overseas Pakistanis soar to $5,291m million in the first half of current fiscal year.

Experts at 4th International Power Generation Conference say govt should take up Thar coal projects on a fast track.

Cabinet will deliberate laying off 30% of PSM workforce as part of restructuring of the company.

KSE-100 index loses 39 points to close at 12,267 points on Tuesday.

Surge in prices comes mainly on the back of a phenomenal increase in rates of food and energy.

Multi-billion-dollar project placed at the mercy of consortium companies who may walk away with its riches.

Karachi Electric Supply Company's gas-fired power generation capacity has been largely offline for want of gas.

Lahore Stock Exchange remained bearish on Monday as LSE 25-share index lost 17 points to close at 3,766.

Telekom Malaysia and Multinet Pakistan sign deal to deliver IPVPN to corporate customers.

Deteriorating law and order situation creates panic.

National Commodity Exchange records remarkable growth as institutional and retail investors turn to commodities.

Federal government requested to release withheld funds.

Sharmila Farooqui says Sindh Bank will provide loans for agriculture, livestock and fisheries on easy terms.