Business

FIEDMC chairman says modern infrastructure in the zone to house all investors

Proposal for Re1 per litre tax on petrol, diesel to be sent to provinces; new exemptions for women, orphans mulled

Fund has been conceived and approved without involvement of SECP

Proposes increase of Rs8.99 in the price of high-speed diesel

PM aide supports stance of business community on maintaining status quo

Describes the existing currency trading in the region as manipulative

Benchmark index gains 15.36 points to settle at 35,974.79

Decrease comes due to external debt servicing, other official payments

Chinese diplomat ramps up rhetoric by comparing actions from the US to economic terrorism

We are against the trade war, but we are not afraid of it, says vice foreign minister

Also gives go-ahead for 1% health tax on all beverages to boost revenues

Some 750 cases of identity theft to unlock smuggled phones unearthed

Provides 100% waiver on maintenance fee; cuts annual fee on long-term redeemable securities

In first nine months of FY19, total debt and liabilities went up Rs6tr

Both units of CPHGC are now providing electricity to national grid

Funds worth Rs25-30 billion are expected to stabilise stock market

Council also approves national development outlay of Rs1.837tr for 2019-20

Warning is the latest salvo in the US-China trade war

OPEC output cuts and political tensions in Middle East, however, offer some support

Naqvi was being held in London on charges of defrauding investors

Benchmark index rises 1,010.15 points to settle at 35,959.43

Says it will cause damage to local auto parts manufacturing industry

It will lead to capital flight and dent country’s exports

Investors remain concerned that the trade war between the United States and China

Razak Dawood terms Pakistan best place for foreign investment

The IMF has asked Pakistan to end state control of the rupee

Says it will deplete company’s cash flow; asks government to bear the cost

Meeting deliberates over doing business with China, UAE in Yuan, dirham

Increase comes on account of fuel cost adjustment for April 2019

Reason behind the rise is said to be soaring international fuel prices, dollar

Foreign investors' equity will continue to increase and may even reach 100%

OGRA to forward summary on May 30, new prices to take effect from June 1

Memorandum of Cooperation signed between three countries to develop East Terminal of the Colombo port

Company is aiming to file an application in Hong Kong as early as the second half of 2019

Investors remain concerned that trade war can dent fuel consumption

His resignation has been accepted by board of directors with immediate effect

Investors opt to book profits after phenomenal rally in past week

KSE-100 index inches down 6.44 points to settle at 35,697.37

PAMA DG says it will encourage mixing of low-grade RON with fuel for cars, other vehicles

PRGMEA chief says exporters are already facing hike in raw material prices due to rupee fall

Power Division insists Rs118-billion amount should not be collected from distribution companies

Regulation in Pakistan simply means bureaucratic hurdles, excessive paperwork and creating a culture of frustration

Officials suggest an asset declaration scheme should also be presented to the provincial governments

Also proposes reduction in WHT on imported mobile phones

Shares in both companies jumped more than 10% on Monday

Supply cuts have helped Brent crude rise by 29% this year

Currency has recovered a total of Rs2.21 in past three days to Rs149.74 to the greenback

Latest monetary policy has tipped balance in favour of fixed-income investment

Consul general believes exports to China will jump $3-4b in next few years

Despite decline, it is still the largest contributor to emploement in Pakistan