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Auto industry: In flood of imports, players want dam of protection
Prospective entrants want blanket ban on import of used vehicles.
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Fact-finding: Parliamentary panel to probe HEC, MCB Bank privatisation
Cargill Holdings was registered a day after the govt re-initiated privatisation process
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Controversial? CAA DG removed for ‘slow pace of work’
Yousaf replaced to speed up completion of New Islamabad International Airport.
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Challenge is to address trust deficit: Dastgir
Commerce minister meets KCCI members; outlines on govt’s initiatives.
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In the kitty: PSM gets Rs960m for salary disbursement
Wants resumption of gas supply; looks to enhance capacity utilisation.
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Foreign exchange: SBP’s reserves cross $13 billion
SBP’s liquid foreign exchange reserves increased $772 million to $13.088 billion versus $12.316 billion last week
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Letter to IMF: More mini-budgets in the offing this year
Govt assures IMF any shortfall in revenue will be met with additional tax measures; higher power tariff if SC allows
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11MFY15: Savings mobilised 77.4% higher
Amount to Rs309b, May’s figure alone hits Rs31.6 billion.
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Market watch: Index makes historic cross into 35,000
Benchmark 100-share index rises 342.95 points.
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China stock watchdog to investigate market manipulation
Securities commission says investigation will focus on such activities occurring simultaneously in multiple markets
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China markets plunge again, Hong Kong up on Greece hopes
Slumped as much as 6.38 per cent in late afternoon trade before recovering slightly
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BP agrees to claims worth $18.7bn over Gulf of Mexico spill
The agreement increases the pre-tax cost of the disaster to BP by an estimated $10 billion to $53.8 billion
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Power production: Pioneer Cement, CITIC Industries sign agreement
Similar to the growth in the cement sector, the company has shown strong growth in recent years.
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Future development: Clarifying the CPEC plan
Ahsan Iqbal says western alignment is the primary focus of the economic corridor.
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Boosting export revenues: Punjab switches focus to global halal food market
PBIT chief believes province is expected to attract heavy foreign and local investment.
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SBP eases remittance procedures
Revised instructions given regarding medical treatments and studies abroad.
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Staying mindful: Despite benefits, PBC warns against overreliance on GSP Plus
Focus on improving regional trade and reduced dependence on EU suggested.
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Corporate corner: EFU Life launches ‘PlanIT’
PlanIT is available for download on both Android and IOS platforms.
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Treasury bills, PIBs: 12 banks chosen by SBP to be primary dealers
Institutions will act as ‘market-maker’ in government securities trading.
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Hydroelectric power plant: Financiers stop $433m loan for Neelum-Jhelum project
They have concerns about escalating cost that rose to $4.2b from $1.8b.
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Housing finance grows for 5th consecutive quarter
Amounts to Rs54.5b at the end of March, up 5.6%.
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Market watch: Lower-than-expected CPI helps index soar close to 35,000
Benchmark 100-share index rises 444.74 points.
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Revamping the tax structure
Exactly what needs to happen before the govt realises that the tax collection structure needs a revamp is beyond us
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State Bank of Pakistan joins Twitter
Account launched on the 67th anniversary of the central bank.
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Court grants Air Indus new lease of life
CAA had grounded the airline a day earlier citing safety and security concerns
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Advancement: PCJCCI promises to bring technological revolution
Afridi said PCJCCI had planned to establish a state of the art Chinese construction material centre
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Property issue: PARC registers protest against govt’s decision
Calling it a ‘disastrous’ plan against the agricultural sector, PARC has registered its dismay at the decision.
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LNG imports: Govt to take payment guarantees from IPPs
Qatar demands opening of standby letter of credit before gas supply.
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Underwriting: Silk Bank, Arif Habib Ltd enter arrangement
Bank will issue over 6.4b right shares at Rs1.56 per share.
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Oil companies fined Rs17.8m for petrol crisis
OGRA orders them to deposit the money in 10 days
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Bank of Khyber: K-P secretary reinstates BoK board chairman
Finance minister had removed Agha for ignoring directives.
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Infrastructure: ADB approves $220m for flood-hit Punjab and AJK
Project based on ‘build-back-better’ approach, will be completed by June 2018.
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Missing goals: 300,000 families remain deprived under BISP
Spending remained Rs91.7 billion till the end of fiscal year.
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Greece defaults on IMF payment despite last-minute overtures to creditors
Greece, as expected, was not able to repay 1.6 billion euros it owed to the International Monetary Fund
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Regional markets: KSE-100 outperforms most in 2014-15
Barring China and Japan, KSE-100 index posted highest return; surged 15%.
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Market watch: Index ends higher as fiscal year ends
Benchmark 100-share index rose 305.31 points.
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The Fund’s anti-inclusive growth prescription
IMF seems to be killing off any hope of inclusive growth by advising the government to withdraw electricity subsidies
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Greece in last-minute rescue appeal as default looms
Germany, though, says it will not discuss any new Greek request until after Sunday's referendum
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Not flying high: CAA grounds Air Indus over safety concerns
Third airline to have operation suspended in eight years
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PIA and Etihad Airways sign codeshare agreement
Agreement to enable airlines to offer better connections to customers between the UAE, Pakistan and elsewhere
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Bilateral trade: LCCI, Swiss embassy agree on cohesion
The decision was made during a meeting between the Ambassador of Switzerland Marc George and LCCI President
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Tax notices: FBR’s online solution
The Income Tax notices to be issued from July 1, 2015 will be computer-generated
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Unable to compete, rice exporters demand incentives
Say competitors are providing hidden concessions to their industries
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Combined plan: Three projects to generate 55.6MW
The projects will be completed by December 2015
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Regulatory support: SECP gives nod of approval to new book-building laws
Offer size will not be less than 25m shares, curbs placed on consolidated bids
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Market watch: Bulls dominate as index goes past 34,000
Benchmark 100-share index rises 208.42 points
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Threat of zero production: PSM says gas shortage causing damage to furnaces
Administration says all efforts to normalise production being eradicated
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Pakistan can export 50,000 tons of rice to the Philippines
Imports will be levied with 35% tariff to be paid in advance to Land Bank
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July-May: Profit repatriation amounts to $1.38b
Increases 19.5% compared to the same period previous year
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Articles of association: Framework for China-led AIIB signed
Representatives of 57 founding members participating including Ishaq Dar