Business

In 2007 Pakistani markets witnessed an unprecedented event, capitalisation increased to 49.2 per cent.

Romanian Ambassador to Pakistan said that Romania will soon reopen its consulate in Karachi to facilitate trade.

Nepra has set a hearing on June 29 of petitions filed by power distribution companies for an increase of Rs1.07 per unit.

Gold prices hit a record high on Saturday as per-tola prices surged by Rs200 to Rs39,900.

The market continued its upward climb as the benchmark KSE-100 index rose 1.6 per cent.

The State Bank of Pakistan (SBP) has developed criteria for the conversion of conventional branches into Islamic banking.

The KSE-100 index, which posted a return of 37 per cent, has outperformed various asset classes in the current fiscal year.

Stocks ended flat in slow trade as investors remained cautious ahead of the fiscal year-end and amid uncertainty over CGT.

The committee set up to investigate fudging of economic growth data has exonerated the government from the allegation.

British Foreign Secretary William Hague said that he hopes to see stronger relations between Pakistan and the UK.

The stock market witnessed a dull day of trading and closed positive with investors remaining on the sidelines.

The Asian Development Bank (ADB) approved two loans worth $270 million for reducing infant and maternal mortality.

Mild bar (sarya) prices have dropped by Rs3,000 per ton in three weeks to reach Rs55,000-57,000 in the domestic market.

A team of the WB is offering equipment and technical support to control the Rs7.5 billion per annum gas losses.

Lahore Stock Exchange Managing Director Shakeel Aslam resigned from his post over allegations of misappropriation of funds.

The KASB Group has decided to establish a new financial holding company which will bring in foreign investment of $40 million

The KSE benchmark 100-share index rose 0.34 per cent, or 33.07 points, to end at 9,715.39 points.

The Lahore Chamber of Commerce and Industry (LCCI) on Wednesday unveiled the National Economic Agenda 2010-30.

A Gas Act is in the offing and is likely to be on the ground in the next six months.

Vital foreign assistance worth $5 billion could be delayed because terms which had been agreed to were not met.

In Pakistan, 38.5million people lack access to safe drinking water and 50.7million people lack access to improved sanitation.

Duties on the manufacture and import of solar panels should be reduced from as much as 28 per cent to as low as 6-7 per cent.

Lotte PTA’s revenue will fall going forward with Purified Terephthalic Acid (PTA).

The Sindh government has refused to exempt Islamic bonds worth Rs30 billion of Rs1 billion stamp duty.

The Karachi Stock Exchange saw another satisfactory day as key indices showed an upward trends on Wednesday.

The MSCI considers Pakistan to be insecure in terms of financial and institutional framework.