Business

Price reading comes after the SBP kept key policy rate unchanged

It has planned to use 200 acres as storage for coal to be transported to Punjab

Increase translates to a price hike of between Rs20,000 to Rs30,000 on all its car models

Such ventures have largely been necessity driven in Pakistan, limiting their potential

Extraordinary scrutiny has severely hit some companies, need to address this issue

Company valued at more than $100b in 2000 was acquired for less than $4b

Country will introduce 5G technology by 2020

Measures have been taken to control the effects of UK referendum

Conglomerate’s strategy to rely on inter-corporate financing despite record low interest rates

Argues that Pakistan needs to reciprocate preferential access to EU markets

Govt lowers capital gains tax on profits made from property.

According to region’s banking watchdog, banks from Italy, Ireland, Spain and Austria fared worst

German automaker breaks ground on a $500 million plant in Charleston

Officials were shocked to receive claim of over Rs1b for just four days

‘The Chaunsa Project’ aims to train farmers in best practices

Govt likely to relax the policy, other refineries will churn out higher-quality fuel

Foreigners remain net buyers, KSE-100 closes at all-time high

Resultant inflation is expected to be between 4.5% to 5.5%

Finance Minister Ishaq Dar says Pakistan is selling gasoline at the lowest price compared to other countries

SBP Governor Ashraf Wathra says the target rate will be 5.75% for August-September

Will set up modern refinery to reduce carbon emissions

Revenues show a drop of 5.7% to Rs23.3b for Jan-Jun

Passenger traffic has doubled on the route after CPEC

It was also suggested that the 45-day visa processing time should be reduced to facilitate the business community

Development will help the company regain its place as market leader

However, this has not brought any respite from load-shedding

Benchmark KSE-100 index rises 59.84 points

Nine out of 10 economists told Bloomberg the target rate is unlikely to change

With an increase of only 4.7%, the FBR collected Rs156b

Dar reviewed the financial aspects of coal-based power projects and expressed his satisfaction over the progress

As of late last month, Microsoft employed about 114,000 people

Company's profit surged as cloud computing and other services helped produce a fifth consecutive profit

Statement says in view of loss of trading time, market duration has been extended by 30 minutes to 5:00pm on Friday

K-Electric, agricultural consumers and domestic users who consume less than 300 units per month will enjoy this relief

This will reduce risks associated with management of claims

Earnings fall on the back of end of Punjab govt’s cab scheme

They will set up manufacturing plants in M-3 Industrial Estate

Global telcos are picking best Pakistani brains to adopt best practices

New IPO portal to be launched in August

Benchmark KSE 100-share Index gains 34.01 points

Law ministry gives green signal to the project despite sanctions against Russian firm

Demands an autonomous development authority, creation of one-window system

Talks between govt, real estate players reach stalemate over property valuation

China has become the world's largest online car-hailing market, says vice transport minister Liu Xiaoming

The share price fell by Rs30, or 2.51%, and closed at Rs1,160.50 with a turnover of only 140 shares

Maiden agreement between Agha Steel, Italian Danieli signed

IT minister pledges greater broadband penetration by 2020

Earnings per share declined to Rs2.2 as low urea sales took their toll

Company would buy back 55 shares owned by general public

The plants have a cumulative production capacity of 3,600MW