Business

Penalty comes in wake of auto maker’s failure to report issue.

May agree on a reduced rate, brokers will submit a workable proposal.

Volumes remained lacklustre as investors awaited monetary policy announcement.

Will remain at 10% for 2 months, statement mainly recounts positive developments.

The companies made it clear that the detente does not include licensing their technology to each other.

Raphel also acknowledged that Pakistan was undergoing an upswing.

Subsidy to be provided for date and olive processing.

Will keep quality, germination capability intact.

Oil, gas companies paid the amount for July-June 2012-13.

Benchmark KSE-100 index gains 40 points.

Rupee appreciation helped industry’s profitability.

Survey says 43% of respondents reported confidence gain.

Exports fall 14.5% in April compared to March.

Committee approves Rs2b Ramazan relief package.

Company’s gas price may go up as it could be linked with crude oil.

Budget 2014-15 framework eyes restricting deficit at 4.8% of GDP.

The central bank’s foreign exchange reserves increased by $780 million to $8,020 million.

Inefficient tax mechanism, subsidy system banes of the economy.

Says PM has approved projects to make Gwadar functional.

Asks for reduction in duty, registration fees, indirect taxes.

Benchmark KSE-100 index gains 314.83 points.

Flare gas could be consumed by fertiliser, power and CNG sectors.

Country working to address labour issues, says textile minister.

Pakistan Tobacco, K-Electric, Lucky Cement and PSO chosen.

Amounts to $750.9 million, April’s figures substantially low.

NAC puts growth at 4.14% with major support from industrial sector.

Intel says there were never more opportunities to grow as computing industry undergoes rapid transformation.

Prime Minister Nawaz Sharif’s government is pursuing a policy of economic diplomacy, says minister.

Motorcycle assemblers preferring ‘cheaper’ parts.

Rising purchasing power pushes for higher demand.

Desires to set up Pakistan Halal Authority through an act of parliament.

Benchmark KSE-100 index gains 116.70 points.

About 100 housing projects in Karachi within 4 months.

Minister says incentives will focus on value-addition chain.

Both sides are cooperating to take project forward.

Ask govt to remove cap on gas prices and allow direct sales to consumers.

Praises govt’s focus on energy, investment and economic reforms.

Increase from 2% to 5% has the potential of crushing country’s exports.

Company says suggestions were mostly in favour of small-scale traders.

The Saudi ambassador too showed confidence in Pakistan.

Benchmark KSE-100 index gains 67.61 points.

Islamabad says Kabul should either waive or agree on a nominal fee.

OTT a concern to national security as well, say officials.

To offset this, income tax on small companies may be increased.

Decline due to reduced reliance on local sources.

Both countries will work towards re-evaluating the pipeline.

Asks govt to do away with Rs230b worth of tax exemptions next year.

Auditor says not in a position to give any opinion on account of the corporation.

The objective is to enhance cooperation & develop inter-working mechanisms among all federal ministries and divisions.

Tax base should be broadened, review board should be formed.