Business

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

Farmers should be educated about new techniques with Chinese assistance

The app, Lifestage, is available for anyone to download on iPhone

There exists long list of illegal assets belonging to officials who can defy all authority of judiciary and parliament

Growing economic activity, improved law and order help boost demand investment

Should avoid US influence and care for its own strategic interests

The realty sector of Punjab claims new taxes have led to a fall in federal and provincial revenues

Known to have a good rapport with govt officials, Patel may find his low public profile helps him develop better ties

Week-On-Week: SPI rises 0.21% 

Currency: Rupee stable against dollar 

Corporate Result: HBL earns Rs16b in first half

GroupM Pakistan recently organised a “GroupM Digital Day” to unveil their new policy

Pakistan missed the GDP growth target of 5.5% last year mainly due to poor performance of the agriculture sector

KSE-100 Index touched all-time high of over 40,000 points but retreated at the end of the week

Power minister says Rs99.6b outstanding against provincial governments

Rating agency says political uncertainty will weaken economic performance

News comes amid supplier standoff, decision not to affect annual production target