Business

There is talk about taxing the rich with Hillary Clinton's warning and the loan write-off case in court.

Government announces orders to dissolve Pepco, heralding an end to universal electricity tarrif regime nationwide.

World Bank says the funds are part of the bank's $1 billion commitment to Pakistan in this fiscal year.

NIB Bank has announced that Shahid Sattar has joined the bank as Head of its Retail, SME and Commercial Banking Group.

FBR Chairman Sohail Ahmed has said that the implementation of the (RGST) will be complete before December.

This represents an increase of 1,709 per cent from the after-tax profit of Rs417 million for the fiscal year 2009.

The previous record high was $16.77 billion, hit in the week ended July 2.

The value of rupee continued to decline against US dollar as gold touches fresh highs.

SECP is warning action against those who fail to file tax returns with the regulator by the end of October.

The economy is more likely to grow by 2.5 per cent says an economist at Standard Chartered Bank Pakistan Limited.

Fresh supplies of sugar, imported by the Trading Corporation of Pakistan (TCP), arrive in the country.

SBP revises the refinance rate under the Export Finance Scheme, increasing it by 50 basis points.

Attock Petroleum Limited (APL) flourished while the cement and refinery groups saw a drop in profit.

Stocks close in the negative following the central bank’s decision to raise the discount rate by 0.5 per cent.

A high-level economic team will be briefing the International Monetary Fund and World Bank in Washington next week.

SBP urges banks to step up effort­s to provid­e servic­es to the unbank­ed popula­tion of the countr­y.

Provinces fail to resolve a dispute over water distribution formula for the upcoming Rabi season.

Gilani says Pakistan has moved from comparative advantage to competitive advantage in the global market.

We take a look at the operat­ing system­s of the two reigni­ng mobile phone giants in the local market.

SBP raises interest rate to 13.5% while the debate on the reformed GST move towards its conclusion.

The European Union imposes new duties on plastics from Iran, Pakistan and the United Arab Emirates.

The Federal Government has decided to postpone the introduction of Reformed General Sales Tax by a month.

Pakistan Petroleum Limited is pursuing the government for a share in new offshore sites for exploration activities.

Gold prices skyrocket to Rs42,200 per tola in just one day to reach fresh highs in the local bullion market.

The shortfall in tax revenue is expected to be Rs68.9 billion for the first quarter (July- September) of FY2010-11.

PSO is planning to boost storage capacity, expand retail network and diversify projects to meet rising energy.

The rupee falls for third consecutive day amid high demand for the dollar on Wednesday.

The State Bank of Pakistan takes a not-so-subtle jibe at the finance ministry as being responsible for the inflation.

Stocks gain to close above 10,000 points in thin trade ahead of the monetary policy announcement later in the day.

The loan of $130 million (Rs11.4 billion) covers cost overruns and completion of work on road projects facing delays.

Industrialists and businessmen have expressed concern over the increase in the discount rate by the State Bank.

The Planning Commission rejects “aid-ridden growth model” and proposes a market-driven model.

The monetary policy released by SBP criticises the government over its inability to rein in the fiscal deficit.

Spiral­ling inflat­ion in the countr­y forces SBP to increase interest rate to 13.5 per cent.

Provision of economic development and employment opportunities to people in the province is the biggest challenge.

Russia is the latest country to have been approached for the reduction of import duties on Pakistani textile products.

The European Commission approves funding for second phase of Trade-related Technical Assistance (TRTA-II) programme.

The tanker contractors association says that the Federal Board of Revenue is demanding additional income tax.

The entire sector is feeling the heat as other cement giants also report falling profits during the period.

Fertiliser demand continues to drop this year due to high input prices and slow activity in flood-affected areas.

The government decides to lower the tax rate by 2 per cent but will keep the higher rate intact for the current year.

Finance Minister distributes 168 cheques worth Rs420.8 million on account of sales tax refund amongst 41 claimants.

Stocks ended up in anticipation that the central bank may keep the discount rate unchanged in tomorrow's statement.

Increased dollar demand for import payments, especially of oil was the main reason for the decline on Tuesday.

The Asian Development Bank reduces its forecast target because of the flooding and its impact.

According to a spokesperson for Nepra, the per unit reference price of electricity has been reduced by 59 paisas.

The Playbook supports 1080p HD video via HDMI, USB connectors and is Flash supported according to news reports.

Supreme Court says all illegal loan waivers to be recovered, waiver policy to be tested under Article 25.

Centre, provinces agree to impose sales tax on services paving way for restoration of $11.3b IMF bail-out programme.

Spreads earned by the banking sector on fresh deposits and advances extended in August increase by 38 basis points.