Business

Benchmark index decreases 1% to close at 44,746.63

Top tax collecting body briefly froze accounts on non-payment

Market rumours suggest the move is part of IMF’s conditions for another bailout package

The Punjab government will start the wheat procurement drive in the district from today

Prime Minister of Pakistan Shahid Khaqan Abbasi with the team of Civil Aviation Authority (CAA) management

Area lacks filtration plant, street lights and public toilets

Tractor industry’s pending sales tax refunds, which amount to over Rs3 billion

CM expects Sindh to produce 1,200MW of clean energy by year-end

Reduced duty has brought down cigarette prices, slashed govt revenues

CPI still remains at 3.7%, however, high prices in offing

Says formal banking channels will also be established soon

Govt has allegedly taken the step on insistence of a Punjab-based minister

Says future generations will be unable to repay accumulated debt

Benchmark index decreases 0.64% to close at 45,196.37

The fair will provide an opportunity to explore new avenues by sharing vision and expertise

LCCI president urges government not to pass the federal budget till necessary amendments are made

Are investigating use of Facebook data by a British political consultancy

Urges govt to remove sales tax from feedstock supply

Canadian Prime Minister Justin Trudeau said the tariffs were a “very bad idea”

Despite consistent increase in international oil prices. prices in Pakistan were considerably low

World Bank says 90% of Pakistan’s start-ups survive

Seeks NEPRA’s nod to run power plants on imported gas

Asks govt to remove surcharges from power bills, maintain balance between exports and imports 

KCCI chief says China has already eaten half of Pakistan’s economy

Economist Group alleges planning minister has hired inexperienced relative; ministry denies wrongdoing

Transmission of four power plants trip; ministry says generation could take time

The minister approved launch of Information and Communication Technology (ICT) for girls’ portal

Since December, the rupee has cumulatively shed close to 9% of its value

Still misses downward revised target by Rs135b

Also announces profit of Rs4.66b for the year ended March 31

Three fold increase in profits seen

Public gas utility earns Rs2.12 billion in Jan-Mar 2018 quarter

Say govt has ignored many proposals, particularly the demand for CGT rationalisation

Aurangzeb is a well-respected and seasoned banker with more than 30 years of diverse experience

Steering committee approves a new plan proposed by Pakistan

Pakistan offered incentive in bid to attract relocation of Chinese industries

Benchmark index decreases 0.12% to close at 45,488.86

Can learn and take templates of crucial data that advanced economies collect

Managing external financing, increasing exports will be biggest issues for upcoming govt

With high growth of populace, Pakistan’s development targets may not be met

Tax concessions are appealing, but will reduce overall state revenues

Government declares non-filers not eligible to purchase automobiles

Vulnerable external sector could make Pakistan knock on doors of International Monetary Fund

Will enable the company to refine an additional 24,000 barrels of crude oil per day

Earnings per share of Rs2.30 (March 2017: Rs1.98), represented an increase of 16.2%

Private sector specialist and operations analyst in the team

Share of 3G/4G stands at 95% of overall user base

Acting president says it is people-friendly and pro-industry

Will run a super-critical power plant of 660MW production capacity

Says PML-N should return amount accumulated during its tenure