Business

FBR reaches agreement with Sindh Revenue Board, ends two-month standoff

Experts say this violates accounting standards, SBP says it is FBR’s purview

Over 2.2 million new users added by telcos in July 2016

Trade in euros will begin on August 29, says Iran’s Deputy Foreign Minister Hamid Baedinejad

Claim the scheme lacks transparency, favours a company

Many cases of domestic producers are pending with tariff commission

Three service providers establish a sound footing in the city of lights

Stakeholders criticise company for Rs88b investment plan

Ministry of Commerce to consult business community on the list of commodities, tariff cut

Benchmark KSE 100-share Index rises 285.52 points

Chairman says work will be fast-tracked after removing hurdles

Expert says taxes will bring transparency, curtail money-laundering

Claim tariff was granted for 25 years, it cannot be altered now

Shanghai Electric Power, China Southern Power Grid among bidders for K-Electric

Company announces profit of Rs59.97b in FY16 compared to Rs87.24b in FY15

Improves 4% YoY compared to Rs12b in previous year, cash dividend announced at Rs3 per share

PM releases funds amounting to Rs21.44b, remaining to be paid by October

Says it should be increased from 40% to 60% to discourage imports

According the Karachi Port Trust, Hutchison planned investing in Pakistan because it was ‘poised for growth

Increased production to help reduce import bill, save foreign exchange reserves

Tax authority says it will keep all commitments made to textile sector

Benchmark KSE 100-share Index rises 106.39 points

Says stringent procedures are taking time, it must lend ‘correctly and professionally’

They will develop a gas field and lay a pipeline in Turkmenistan

Senate’s Standing Committee urged to release funds to upgrade early warning system

Many textile units have scaled down their capacity

Currency: Rupee weakens against dollar

According to the data available on the website of OGRA, there was a huge import of LPG in last three years

Benchmark KSE 100-share Index drops 57.76 points

Result follows that of previous year when company posted loss of Rs1.18b

City has made huge contributions to economy; deserves urgent, due attention

Foundation of customer protection rests on self-regulation: SBP deputy governor

Institution to be established in partnership with Arizona State University 

K-Electric, Chinese companies sponsors of $967m project

Govt says its shares will be floated in the stock exchange

Sends plan to govt for approval and to ensure energy security

PBS data says manufacturing sub-sector grew at 3.2%, not 4.61% in FY16

First tranche of $150m will come this year; total loan to be distributed over 10 years

Site is inaccessible in Pakistan only and is still online in other countries

Aim is to make business environment trustworthy and transparent

Suggests corporate governance model should not be same for all countries

President says root causes of lower trade should be addressed

Pakistan eyes preferential trade agreement with the UK

Will send a summary for ECC’s approval to protect domestic produce

Wants ‘corrective measures’ in cases of profit from net hydel power generation, property valuations

Benchmark KSE 100-share Index drops 41.14 points

Premier wants completion of Neelum Jhelum, Tarbela 4th extension projects by next year

Despite being termed financially unviable, the project was approved at a cost of Rs45.4 billion

Shanghai Electric says it is not the only company participating in the bidding process

Country’s low GDP growth a result of this decline