Business

A positive day was seen at the Karachi Stock Exchange on Tuesday with key indices closing in the positive zone.

President Asif Ali Zardari has said that “we will not take revenge of Benazir Bhutto’s murder.

Banks disbursed Rs215.039 billion in agricultural credit in the first 11 months (July-May) of the current fiscal 2009-10.

If the government is serious about balancing its budget and becoming austere, it should reduce its own workforce.

The Karachi Stock Exchange saw several dips and crests during the opening day of the week.

Rice crop is expected to drop by 14% as compared to the last seasonal produce after India has limited water supply.

Consumer electronics giant Sony has seen its valuation drop by 80 per cent over the past decade.

The government has in principle agreed to use explosives to blast boulders blocking the flow of water through Attabad lake.

The just distribution of resources is the responsibility of the state.

The government failed to keep up its promise of restricting inflation to single-digits by the end of the current fiscal year.

Quality not quantity was the gist of chairman Nishat Group, Mian Mohammad Mansha’s message to the United States.

After six months, PIA continues to wait for the new business plan that is expected to pull it out of financial ruin.

News regarding the implementation of the Capital Gains Tax (CGT) dominated proceedings at the Karachi Stock Exchange.

Bankers struggled this week to keep alive the Karachi based company behind one of Pakistan’s prominent food brands.

The World Bank has offered $115 million to the Sui Southern Gas Company for improving infrastructure.

Stocks ended lower on Friday as investors squared their positions amid uncertainty over a capital gains tax.

The price of gold jumped to a fresh peak when it rose by Rs514 to settle at Rs34,028 per 10 grams.

Pakistan this year expects to finalise four wind power deals worth $500 million to exploit a renewable resource.

Finance Minister Abdul Hafeez Shaikh urged political parties to join hands in order to make the country self-reliant.

Foreign exchange reserves fell to $15.71 billion in the week ended June 11, down from $15.87 billion the previous week.

Stocks gained as investors were hoping that the government would agree to some recommendations by brokers.

The Securities and Exchange Commission of Pakistan (SECP) has slashed the fund size for a Real Estate Investment Trust to 60%

Hinopak Motors has announced that it has started exporting vehicles to Middle Eastern and African countries.

The National Assembly Standing Committee on Finance and Revenue has verbally committed a reduction in turnover tax to 0.1%.

Analysts believe that most of the individuals are unused to declaring their brokerage in their annual tax statement.

PSO’s earnings are likely to fall by eight per cent in the coming fiscal year 2011 on the recent revision in oil prices.

The government has undertaken restructuring of Pakistan International Airlines (PIA), Pakistan Railways (PR) and PSM.