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1. Foreign companies sign MoUs
(Highlights/Business News)
...  Automobiles and Industries, has agreed to purchase tractor wheel rims worth $1.1 million from Baluchistan Wheels Ltd in the next 18 months. Another contract worth $6m, for export of tents and canvas ...
Saturday, 28 February 2015
Saturday, 28 February 2015
3.
(Highlights/Business News)
... rty. The US had been cooperating with Pakistan in many sectors, including energy and infrastructure, to help it resolve energy crisis, he said. The US had given a grant of $150 million to de ...
Saturday, 28 February 2015
... s infrastructure development cess (GIDC) up to Rs300/mmBtu (million British thermal units) on natural gas consumption and giving more powers to officers of the Federal Board of Revenue (FBR) under Secti ...
Monday, 16 June 2014
5. KP budget for 2014-15 set at Rs404.80 bn
(Highlights/Business News)
...  profit. Other miscellaneous generation the province expected to get amounted to Rs 720 million whereas the Rs 35.350 billion expected to be obtained from foreign project assistance.  ...
Monday, 16 June 2014
6. UBL stake sale yields $387m
(Highlights/Business News)
ISLAMABAD: Pakistan has re-entered the world equity market after a lapse of eight years, with the government selling its 19.8 per cent stake in United Bank Ltd (UBL) for $387 million. With the ...
Monday, 16 June 2014
7. Mango exports to fetch $65m this year
(Highlights/Business News)
Monday, 02 June 2014
8. Sugar millers make out case for exports
(Highlights/Business News)
KARACHI: The country will have around one million tonnes of extra sugar this year based on monthly consumption of around 390,000 tonnes and available stocks of 3.45 million tonnes held by sugar ...
Monday, 02 June 2014
9. C/A deficit rises to $2bn
(Highlights/Business News)
... external obligations. Over $2bn deficit means zero impact of borrowing of $2bn through Eurobond. During Jan-March, the deficit was $416 million while in the previous quarter of October-December it ...
Friday, 18 April 2014
10. Credit cards business declining: State Bank
(Highlights/Business News)
Saturday, 12 April 2014
... m by the end of 2014, enough to provide electricity to about 16 million people. Under Secretary Novelli and Finance Minister Dar also highlighted the significance of USAID's Pakistan Private Investme ...
Saturday, 12 April 2014
Saturday, 12 April 2014
13. Walt Disney shifts to India, China
(Highlights/Business News)
FAISALABAD: Walt Disney has diverted its business to India and China after dumping Pakistan, costing the country $200 million in export earnings. The US company dropped Pakistan from the list ...
Saturday, 12 April 2014
14. Bulls go wild; index crosses 29,000-level
(Highlights/Business News)
... and the market capitalisation of the exchange crossed Rs7 trillion. All credit to foreign investors who have gone wild on Pakistan equities. Overseas investors bought $6.49 million worth stocks in ...
Saturday, 12 April 2014
15. Food companies add value to exports
(Highlights/Business News)
... n over this period, resulting in a food trade surplus of $420 million. This surplus has emerged due to many factors. Most noteworthy are the increase in average export prices of rice, fruits and vegetable ...
Monday, 07 April 2014
16. Alarming controversy over urea prices
(Highlights/Business News)
... tion reports (FIRs) against defaulting dealers and slapped over Rs2 million fines. The process was vigorously going on till the writing of these lines. The net result of this tug of war, where  ...
Monday, 07 April 2014
17. Pakistan Steel: groping in the dark
(Highlights/Business News)
...  at 8pc per annum. From 6.84 million tonnes per year in 2004-05, the demand is likely to increase to about 10MTPY in 2015. The current annual installed capacity of steel products is about 4.9MTPY ...
Monday, 07 April 2014
18. Dollar drops to Rs97
(Highlights/Business News)
... Monetary Fund (IMF) is expected to approve a third tranche of $55 million for Pakistan today. Last week the dollar dropped to Rs98.10 in the interbank market and currency dealers had predicted further ...
Monday, 24 March 2014
19. FBR detects 40 fake firms
(Highlights/Business News)
ISLAMABAD: The Federal Board of Revenue (FBR) has identified 40 fictitious companies which got millions in illegal sales tax refund and input adjustment in connivance with officials, according ...
Monday, 24 March 2014
...  potential export gains for some product group--- textile ($1 billion), cement ($300 billion), chemicals ($200 million), agricultural products ($300 million), mineral products ($100 million) etc.  ...
Tuesday, 18 March 2014
21. WB to approve $1.5bn loan next month
(Highlights/Business News)
...  Dar to discuss and resolve pending issues related to World Bank assistance to Pakistan. Mr Rachid assured the minister that his institution would provide up to $500 million for Dasu Hydropower Project ...
Tuesday, 18 March 2014
... f the two companies are being paid about Rs2-million monthly salary each, besides other perks and privileges. Some members of their boards of directors travel as far as London and Calgary to atte ...
Tuesday, 18 March 2014
...  it still has more than 550 million under-nourished people. The millennium development goal of reducing hunger by half by 2015 is on course to be met and has already been achieved in Southeastern Asia ...
Tuesday, 11 March 2014
24. Additional GST on auto parts sale withdrawn
(Highlights/Business News)
... iding direct employment to 400,000 workers and indirectly employed 3.2 million people. He demanded rationalisation in taxes and introduction of automobile financing schemes for consumers inc ...
Tuesday, 11 March 2014
Friday, 28 February 2014
26. SBP reserves jump
(Highlights/Business News)
Friday, 28 February 2014
... hip of the national cricket team, raised some 200 billion rupees ($3.2 billion) from millions of savers in a process judged by authorities in 2012 to be against the law. The Sahara empire ext ...
Friday, 28 February 2014
28. Equity prices drift lower
(Highlights/Business News)
... in to the new contract. Investors took heart and were encouraged by the fact that foreign investors had returned with net purchases of $3.01 million worth shares on Thursday. Mir Mohammad Alikhan, ...
Friday, 28 February 2014
... million cubic metres (21.2 billion cubic feet) of gas per day, almost all of which is consumed domestically. Its only foreign client is Turkey, which buys about 30 million cubic metres o ...
Thursday, 27 February 2014
30. Pakistan, Afghanistan to enhance trade ties
(Highlights/Business News)
... in Kabul, Nishtar Kidney Hospital in Jalalabad and the dual carriageway from Torkham to Jalalabad. Mr Dar said Prime Minister Nawaz Sharif had recently increased the development fund from $385 million ...
Monday, 24 February 2014

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