Business
More News
-
Is McKinsey & Company about to set up shop in Pakistan?
Company feels that the Pakistani market can afford its pricey services.
-
‘Industries need to innovate to compete internationally’
PC deputy chairman visits GCUF, boosts students’ morale.
-
Corporate governance: SECP drafts guidelines to help non-listed companies
Guidelines will improve governance and stability of firms.
-
Banking practices: Banks meet to improve Islamic financing SOPs
Forex and Interbank Musharakah agreements to be standardised.
-
Market watch: Engro spoils the mood across the board
Volatile benchmark KSE-100 index falls 26 points.
-
Byco to commence full commercial operations soon
Refinery will increase capacity to 220,000 bpd in five years.
-
Change of heart: Ministry dithers over release of funds for IP pipeline
Has collected $400m in infrastructure cess for the project.
-
Not a care: ‘Reckless’ spending takes budget deficit to Rs1.1 trillion
Country reaches close to full-year deficit target in nine months.
-
Islamic finance as a viable alternative financial system
Only thing that truly separates this from conventional systems is the required adherence to a stricter code of ethics.
-
Challenges to the growth of the Islamic finance market
Interest-free and subject to high moral codes, growth will be slow in the long-run.
-
Is Islamic banking as exploitative as conventional banking?
In Pakistan, similar models have emerged, blurring the line between Islamic and conventional finance.
-
Why Islamic banking is growing rapidly in Pakistan
Shariah-compliance is important to most customers, but service quality appears to be more important.
-
Water Destruction: Canal breach inundates farms, houses
The breach occurred in the morning. Wheat and sugarcane crops were affected.
-
Farmers’ Day: Agricultural mechanisation the need of the hour
Speakers laud UAF’s efforts to bring about a farm mechanisation revolution.
-
Cross-Border: Pakistan, India discuss trade opportunities
The Pakistani delegation comprised of various top ranking members of SAARC-CCI from the chamber’s Pakistan wing.
-
Innovations in mechanised farming attract growers
Agriculture university displays new technology on Farmers Day.
-
Germany stresses collaboration in energy sector
Will arrange a tour in October for business-to-business contacts.
-
Mutual funds industry stagnating due to low incentives
While the size of the sector has grown, the number of players remains static.
-
Domestic expansion: Textile millers find saviour in fashion industry
As fashion industry grows, more millers find reasons to invest locally.
-
Circular debt woes: Alarm bells ring in PSO as international bank questions creditworthiness
Fears rise that PSO’s inability to pay dues may damage Pakistan’s credit rating.
-
Weekly Review: KSE-100 closes flat after eventful week
Initial losses were covered by gains later in the week.
-
Market watch: Market registers moderate gains in last session for week
Profit taking triggered by concerns over depleting forex reserves.
-
The domino effect: PSO’s bankruptcy could sink the economy, MD says
PSO’s business dealings involve multiple sectors, increasing risks.
-
Microsoft developing plan for broadband growth
Believes Pakistan should be among its top 10 markets.
-
Inflation: SPI down 0.36% during week
SPI for the lowest income group has registered a decrease of 0.54% over the previous week.
-
Pipeline sabotaged: Scheduled gas supply to Punjab stops
SNGPL has sent technical teams to repair the line and gas supply will be resumed on Monday.
-
Textile industry braces for criticism at today’s meeting
Its power units got cheap gas, but sold electricity at high rates.
-
Pakistan Tobacco records 202% higher profits over last year
Higher turnover and lower expenses lead to stellar earnings for company.
-
Profits shoot up as Nestle’s margins grow
However, figures show slowest quarterly sales growth since 2010.
-
Pak Refinery works on $440m plant upgrade
Petrol output will rise 100%, clean diesel will be produced.
-
Corporate results: Banking sector off to a rocky start in 2013
Four banks announce their results, including Habib Bank, which saw a decline in revenues and profits.
-
Revamping the tax regime: 16% sales tax on building materials likely
FBR will collect Rs20b by withdrawing the tax adjustment facility.
-
First of its kind: PSO inaugurates ‘community-owned fuel station’
PSO to open outlets in underdeveloped areas, the dealership of which will be extended by company to local residents.
-
Price slump sparks interest among gold jewellery buyers
Investors are cautious as they see further volatility.
-
Microloans can generate more employment opportunities
Small business, established through microloans, can also alleviate poverty.
-
OGRA revises wellhead gas prices for OGDC fields
Analysts express dismay over the announcement.
-
EFOODS’ QoQ earnings fall on lower seasonal sales
Profits are, however, an impressive 34% higher over the previous year.
-
Audit exercise: OGRA to determine where deemed duty went
Oil refineries collected the duty, but failed to upgrade plants.
-
Market watch: Foreign buying directs investment flow
Benchmark KSE-100 index gains 220 points.
-
Increasing revenues remains a Gordian knot as officials discuss reforms
Taxpayers identify issues with taxation system in meeting with authorities.
-
Corporate results: Indus Motor’s profits register slight improvement over last quarter
Earnings are still 40% lower YoY due to lower sales and cash advances.
-
UN asks Asia Pacific to shun ‘stabilisation policies’
Targeted at lower deficit and inflation, these policies restrict development as well.
-
EU tighten rules on ship-breaking industry
New laws say EU-registered ships must go to EU-approved facilities if they are to be broken up for scrap, recycling.
-
Amnesty scheme: Verification of non-custom paid vehicles kicks off
Rigorous process making it hard to legalise stolen cars.
-
Threat: Mills to disregard outages plan
APTMA register FIRs against government officials if they tried to stop gas supply or resort to load-shedding.
-
Cross border trade: Indian businesses eager to trade with Pakistan
Granting an early MFN status to India would greatly help in increasing the trade between the two nations, says Munir.
-
After exports, Sadaqat Ltd turns attention to domestic market
Textile conglomerate to launch KHAS retail chain this week.
-
Mobile financial services: Visa to launch innovative product in expanding market
It will not be specific to a particular bank or cellular service provider.
-
Industry to create awareness on benefits of insurance cover
Meeting held exactly one day after quake rocks Pakistan.
-
60% of people face food insecurity
Call for promoting food processing industry to address the challenge.