Business

Benchmark KSE 100-share index rises 183.22 points

All these financial institutions served as primary dealers in the last fiscal year as well

Demands amendment to ITO 2001 nonetheless

Export of rice and meat soars in financial year 2015-16

It will help promote exports, create job opportunities

Asks govt to lobby Britain for continuing Pakistan’s GSP Plus status

Claims it was the opinion of an individual and was not the finding of report

Deal will take place at Rs120 per share, a discount of 26% to Engro Foods’ share price of Rs163 last week

Engro Corporation currently controls around 87% shareholding in Engro Foods while general public owns rest of shares

It implies lowering existing rates of income, sales and other taxes

Telcos need to tap innovative solutions that exist

Govt appoints ex-employee of SNGPL to the top slot at regulator

With rupee appreciation against pound sterling, exporters fear huge losses

Regional trade has suffered over the years and so has the country

Many companies have opted for inter-corporate financing rather than taking bank loans

Says there was no system breakdown as reported by the media

Corporate Corner: Lifebuoy, doctHERs sign MoU

Canada will establish solar plants in Balochistan having capacity of 1,000MW

Province receives Rs61.45b in revenues in financial year 2015-16

May delay US govt’s plan to outline guidelines for self-driving cars this month

EU may relax the requirements for Pakistani mangoes that could earn Pakistan foreign exchange through exports

SECP and PSX chairmen present finance minister with update

Industry sold 38.87m tons compared to 35.34m tons in previous year

Pensioners, government employees and ordinary depositors queued outside branches but faced cash withdrawal issues

Market gains 1.1%, or 394 points, week-on-week amid thin volumes

Amount restricted to Rs629b against allocation of Rs700b for FY16

Tesla crash shows the industry is moving too fast to deploy self-driving vehicles

Pensioners, govt employees and ordinary depositors queued up outside NBP branches across the country

Agreement signed to acquire three companies that own 100% shares in Dawlance

Wants company to cut rate by Rs0.33 in July bills, firm sees Rs0.16 cut.

Says SBP lacks expertise in the field, wants amendment revoked.

Better energy supply, security situation accelerated growth in industrial and services sectors.

UAE had abandoned the project, now it will be completed in 3-5 years

Received petrol cargo of 52,000 tons on Friday, another 52,000 tons expected next week

Global Energy will build terminal, receive 1.3m tons of LNG per annum

It minimised outages and brought down electricity tariff

Inflation target for fiscal year 2015-16 was set at 6%

Foreign currency reserves soar to highest-ever level of $23 billion

Two companies' combined entity will be the leading telecommunications provider of 2G, 3G and LTE services in Pakistan

Sources say Pakistani manufacturer of consumer durables was on the auction block for the last five years

SRB has achieved yet another milestone by collecting Sindh Sales Tax

Company admits mistake during hearing of its petition by the regulator

Govt will take Rs3b hit to keep prices at current levels

Investors will be incentivised for documentation, says adviser to PM on revenue

Benchmark KSE 100-share index edges down 3.03 points

Two wind, one solar and one bagasse power plants approved by regulator

Newly tested well was in Sanghar district of Sindh

Govt resorted to pleas for advance taxes, withholding refunds to meet goalpost

Wants economic activities to prosper between two countries

IT minister hopes measure would bolster remittances