Business

The following year provided many benefits for the economy

Market activity came to an abrupt halt after levy of higher taxes

2016 concluded with many positives, mainly entry announcement of three new players

Return at PSX continues to outshine other assets, positives remain intact

Industry continued to face handicap of being 10% more expensive against international competitors, says APTMA chief

Says corruption preventing foreign investment in Pakistan

WAPDA stations provided 33.658b units of electricity in the year

FBR misses tax target for first 6 months of fiscal year, blames govt for poor show

Firms with good track record can generate resources through capital markets

It calls for making efforts to improve economy’s fundamentals, reduce external vulnerability

Iqbal says two zones will be set up in Islamabad and Karachi

MSCI reclassification, enormous domestic liquidity drive Pakistan equities

It is sharply higher than tax rates being discussed for an amnesty scheme

Benchmark KSE 100-share Index gains 140.31 points

Nandipur, Neelum-Jhelum and Sahiwal plants shut due to costly power production

First quarterly report says agricultural sector recovers with improved output of major crops

OGRA had recommended up to 36% increase in tariff for the ongoing fiscal year

JCC decides to exploit full hydel potential of the country

Oil and Gas Regulatory Authority sends summary to petroleum ministry

Link stretches 2,252 kilometres, will take less than half the previous travelling time

Burning cash at alarming rate, Tokyo-based conglomerate facing multiple issues

Indices down; Dow 0.56%, S&P 0.84%, Nasdaq 0.89%

Writes letter to Ministry of Finance to disapprove of government’s move

CEO expects company to increase market share to 5-6% in five years

SBP-held reserves had gone up 7.8% on a weekly basis

Benchmark KSE 100-share Index gains 242.03 points

Provincial government sends notice, informs industry of impending liability from January 1

Traders ask commerce minister to step in to end the standoff

People having Benami assets will face property confiscation, up to seven-year jail term

Ogra has recommended an upward revision of oil prices in the country

Gross sales of company increase 21% year-on-year to Rs72 billion

Asks authorities to release long pending refunds claims

Gives recommendations aimed at ensuring fast and sustained economic growth

Approves issuance of Rs54.5b guarantees in favour of SBP, extends reduced rate of 0.4% on banking transactions

Proposed reforms were shared with stakeholders in the form of concept paper

Member Provincial Assembly hails power project as step towards developed Pakistan

Benchmark KSE 100-share Index gains 504.16 points

Consul-general says decision taken due to city’s economic significance and to boost trade ties

Recovery comes with arrival of Rabi season coupled with support from subsidy package

Says a general tax amnesty scheme should be extended especially to the industrial sector

May include non-resident Pakistanis in definition of citizens

Dollar inches higher against yen and a handful of other major currencies

Demonetisation of high-value banknotes has hit consumer demand in India

FPCCI official says exports of almost all countries in South Asia on the rise, barring Pakistan

Consumers will be refunded Rs24b; NEPRA puts off decision on K-Electric plea

Punjab governor agrees to discuss energy price disparity with prime minister

Benchmark KSE 100-share Index gains 230.74 points

Textile industry asks government to provide incentives, cut input costs

Faisalabad, Sheikhupura and Haripur Industrial Estates are expected to fetch over Rs400b funding

Requests govt to urgently clear Rs175b in power sector dues, blames finance ministry for unpaid amount