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Pakistan promotes mangoes in South Korea
First-ever mango promotion held in Seoul to attract bulk buyers.
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Gas pipeline: Breakthrough in TAPI project
Independent company to be set up for execution of the project.
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Short-term boost: Govt directs 60mmcfd of gas to Engro Fertilizers
Company receives a much-needed boost, but impact on EPS remains uncertain.
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Market watch: KSE resumes assault on record highs, crosses 23,000
Index jumps 290 points led by Engro Corporation.
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Lack of investment in IT impedes textile sector’s growth
To compete globally, Pakistanis need to invest, adopt transparency.
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Banks trading cheap, likely to lead KSE’s surge this year
In FY13, bourse rallied 48%, led by cement, energy and FMCG stocks.
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Trade deficit exceeds target, hits $20.5b in last fiscal year
Exports and imports fall short of target for the year ended June 30.
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Tax collection in distress: FBR imposes 5% sales tax on second-hand and worn clothes
This rate is double the 2% tax collected before the budget.
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Poverty alleviation: Millions of dollars go to waste
Auditors find PPAF misusing assets as well as funds meant for poor.
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All responsible for poor service delivery shall be booked: Saad Rafique
Saad Rafique showed discontentment at Jaffer Express' service delivery to the passengers.
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Trade: Govt to try economic diplomacy to boost trade
An institutional framework has been constituted to review the economic and trade corridor between China and Pakistan.
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Banking spread: Minimum deposit rate unlikely to go down, says analysts
Brokerage firms say recent rumours represent hope rather than reality.
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Bio gas programme makes life easier for rural Punjab
More than 2,800 plants are installed across various districts.
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KESC to supply 4MW to Bin Qasim Industrial Park
New Japanese bike manufacturer to invest $150m in the park.
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As CNG sector loses appeal, investors consider shifting investments
Dispute between govt and sector leaves future uncertain for all stakeholders.
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Market watch: KSE undergoes correction, eight-day rally ends
Index falls 238 points as investors book profits above 23,000-point level.
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No more free flights for directors, PIA board decides
Board believes move will set good precedence for others.
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Consumer prices: How big is the Ramazan inflation effect?
Research by the State Bank of Pakistan yields some surprising insights.
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Budget 2013-14: Pasha says budget contrary to PML-N’s manifesto
Terms budget ‘ambitious, risky and fragile’, sees inflation rising and deficit widening.
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Wrongdoing allegations: Nandipur power project cost to be reviewed
ECC asks planning ministry to probe and bring facts to light.
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Pakistan crosses 125m mobile users mark
Mobilink remains the market leader with 36.75 million customers, while Telenor recorded 31.70 million customers.
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Promoting long-term growth
Corporate Pakistan is betting on democracy and that is excellent for the country’s long-term stability.
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Pakistan urged to tap global seedless citrus market
Agriculture university will plant seedless citrus in five districts.
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Despite robust demand in second half, car sales fall 24% in FY13
A mix of good and bad news affected performance of auto industry in the year.
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Carpe Diem: Sitara Chemicals looking to raise up to Rs3 billion
Hopes to lower fuel costs and expand operations .
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Trend reverses: Life insurance business grows, non-life slows down
Insurance industry undergoes transformation in recent years.
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Market watch: Bourse closes shy of 23,000-point level
Optimism over approaching earnings season keeps bears away.
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UFG benchmark stays unchanged at 4.5%: SSGC
Company says no additional cost Rs18b imposed on consumers.
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Overseas workers send home $13.9b in 2012-13
Remittances show 5.5% growth over previous fiscal year.
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PSO clears overdrafts with all banks
The oil marketing giant now has Rs2.1 billion in surplus cash.
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Tax reforms: Pakistan calls on UK to help revamp tax machinery
As part of the new IMF bailout package, Pakistan needs to expand the tax net and boost revenue collection.
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Greeting Ramazan: Dar calls for a nationwide price control mechanism
District price control committees and ramazan bazaars to be activated.
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Calculating capital balance: SECP issues guidelines for stock brokers
Step taken to ensure consistency in reporting net capital balance.
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Development: Chinese engineers set to resume Nandipur project
The Nandipur Power project was scheduled to be completed in 2011.
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Government set to raise power tariff by up to Rs5 per unit
Day time domestic usage rates set to go up to Rs8.59 per unit, night time rates to climb to Rs14.70.
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Market Watch: Banking, cement help KSE continue bull run
Benchmark KSE-100 index jumps 356 points.
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Indonesians, Pakistanis urge enforcement of PTA
Agreement may boost trade volumes three-fold, say businessmen.
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A little faith goes a long way: Why corporate Pakistan thinks the future is bright
Opportunities abound in the coming investment period.
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Incoming funds: Analysts ask govt to put home remittances to good use
Tax fears, mistrust of govt keep overseas Pakistanis away from incentive schemes.
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Boulton Market: a scarred vestige from a bygone era
As area rattles with gunfire, shopkeepers struggle to keep businesses going.
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Attock Petroleum stock price on an uptick
Shelved Chevron acquisition, improved cash flows attract buyers.
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Shaukat Tarin says IMF programme to bring stability
Ex-minister defends decision to take recourse with international lender.
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Vote for me!: Pakistan seeks EU support for $7.3b loan request
Asks European nations to vote in its favour in the IMF board meeting.
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Stabilising economy: Pakistan seeks $2bn more from IMF
Finance minister predicts ‘bumpy road’ ahead for national economy.
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Railways: Karachi Express suspended over lack of locomotives
Hazara Express, which is suppose to travel from Karachi to Havelian on Tuesday, has also been cancelled.
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Agricultural sector promotes biotechnology
NFS&R minister believes biotech crops vital to agriculture’s future.
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Silkbank to spread Islamic banking network
Launches Emaan Islamic Banking to provide Shariah-compliant solutions.
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USAID celebrates partnership with mango growers
Third Mango Conference showcases potential in sector.
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Dar stresses on microfinance as key to economic growth
Two-day summit will discuss local and global trends in microfinance.
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Market watch: Moody’s credit outlook sets bullish mood
Benchmark KSE-100 index climbs 187 points.