Business

Negotiations between government and CNG Association end in failure as they can not agree on closure of CNG stations.

Agriculture to be severely impacted by mud, water-logging and non-availability of infrastructure and farm machinery.

Large-scale manufacturing sector achieves 4.8% growth during fiscal year 2009-10.

Kolson sign strategic investment alliance with Lotte Confectionery, South Korea, in bid to expand to regional markets.

Pakistan’s total debt and liability stock increases, reaching Rs10.2 trillion by June 30, 2010 according to SBP.

Net profit of Pak Suzuki Motor Company more than doubles to Rs109m during the quarter on higher sales and prices.

Unbridled rise of cotton market continues as prices surge to all-time high of Rs8,000 per maund (37.324 kg).

Net income of Karachi Stock Exchange plunges 78% to Rs68.094m in 2009-10 compared with Rs314.085m the preceding year.

SBP instructs banks and development finance institutions to work out strategy in response to written off loans.

The stock market continues positive momentum for 4th day running on speculation of good corporate results.

KESC announces increase in duration of power outages for all consumers after after KANUPP encounters problems.

The report shows the economy grew 4.1 per cent as compared to the 1.2 per cent growth in the preceding year.

Govt and CNG associ­ation fail to agree on the number of days CNG statio­ns should be closed in a week.

The death of the notebook was inevitable. And now, you can buy some great tablet computers in Pakistan.

Islamic finance has managed to mirror the cash flows of most conventional banking products.

The 2006 peak of property prices in the US and subsequent free-fall may enter round two with the foreclosure crisis.

Hina Rabbani Khar announced that the government will not give out monitoring and evaluation rights of rehabilitation.

Supreme court's decision to reopen the loan defaults cases could damage the banking sector.

After a delay in disbursements under Coalition Support Fund, govt borrows Rs185b from SBP.

Government to utilise all options to maintain peace and security in the city says Deputy Speaker Sindh Assembly.

CAA questioned as to why it is levying a Rs20 entry fee on selected individuals entering the Airport at Islamabad.

A dedicated grain and fertiliser terminal has been completed with an investment of Rs10 billion in Karachi.

FBR agrees, in principle, to introduce draft recovery plan along the lines of Indian draft recovery plan 2010.

Pakistan’s information technology industry has gone through a dramatic change in recent years.

Russia is in talks with Turkmenistan over plans for a cross-border gas pipeline that will run to Pakistan and India.

Sui Northern Gas Pipelines Limited announces increased gas outages in Punjab for nine days starting Sunday.

The stock market’s rally shows no signs of easing amid better than expected corporate results.

NA’s standing committee on food and agriculture met to discuss losses incurred by agriculture sector by the floods.

US allocates $2bn for energy sector development under Kerry-Lugar bill, says Minister for Water and Power.

Tax revenue collection in the period July 1 to October 22 increases by meagre five per cent on a yearly basis.

IMF deleation will arrive October 27 to assess performance of economy in relation to release of next tranche.

PC pays Rs170mn under golden handshake and voluntary separation scheme to employees of PTDC.

Shell Pakistan switches to losses in first quarter of fiscal year 2011 due to high finance and distribution costs.

Russia’s gas monopoly Gazprom could take part in TAPI gas pipeline, says Russian deputy prime minister Igor Sechin.

Prices of cotton touch another peak at Rs7,650 per maund drawing support from the New York cotton market.

Stocks end at high as local investors become active in the wake of corporate results amid continued foreign interest.

‘Foreign friends’ also recommended elimination of cross-subsidies to encourage optimal use of gas reserves.

SSGC requests all industrial zones of Karachi to reduce consumption by 20% between October 27 and November 4.

Traders mark completion of two years of cross Kashmir trade service in a rare meeting on LoC.

Net profit of Fauji Fertiliser Bin Qasim jumps 62 per cent to Rs2.93 billion for the first nine months of 2010.

Analysts divided over Chilean mining giant’s share price.

A roadmap with targets and deadlines has been drawn out for the Federal Board of Revenue.

Dairy farmers demand that government place immediate ban on export of choker (wheat straw) and bhoosa (wheat bran).

PTA and FIA jointly conduct raids in Lahore against illegal telecom exchanges involved in terminating grey traffic.

Lucky Cement’s net profit drops 34% to Rs726.7 million in first nine months of 2010 from last year’s Rs1.1 billion.

Net profit of PSO declines 57 per cent on the back of increased turnover tax and higher financial charges.

The benchmark KSE-100 index gains 72.72 points, or 0.69 per cent, to close at 10,558.74, marking a five-month high.

Bank Alfalah shelves plan of launching Islamic banking as separate entity.

Increase in remittances and narrowing trade deficit to thank for increase.

Donors sought too much discretion in projects, wanted to divert money from existing programmes.