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 Latest Business and Finance News
Asia subdued before oil producers' meeting, China GDP taken in stride [Reuters]

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Centre asked to transfer shares in gas utilities to provinces  [The Nation] 28 Apr, 2017

ISLAMABAD - Provinces have demanded that the federal government transfer its share in Sui Northern Gas Pipelines Limited and Sui Southern Gas Company Limited to the federating units while unbundling ...

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SBP to remain closed on May 1  [The Nation] 28 Apr, 2017

KARACHI - The State Bank of Pakistan will remain closed on May 1, 2017 (Monday) on the occasion of “Labour Day” as declared by the government of Pakistan.

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Sustained infrastructure activities needed: APCMA  [The Nation] 28 Apr, 2017

LAHORE - The All Pakistan Cement Manufacturers Association (APCMA) has said the country needs sustained infrastructure activities for at least a decade to bridge the infrastructure gap with competin ...

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Officials need FBR chief’s permission to raid filers  [The Nation] 28 Apr, 2017

ISLAMABAD - A parliamentary committee has directed the Federal Board of Revenue (FBR) authorities to get the permission of the FBR chairman or member operations of the board prior to conduct raids o ...

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Stocks witness bearish trend  [The Nation] 28 Apr, 2017

KARACHI - Stocks closed lower amid pressure on institutional profit-taking post major earnings announcements at PSX. Volatility prevailed in the market during the initial hours of the trade as the i ...

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Textile exporters to get refund ‘soon’  [The Nation] 28 Apr, 2017

KARACHI - President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Zubair Tufail has said that talks with the government are under way on payment of export refund so that th ...

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‘Pakistan has low trade integration with SAARC countries’  [The Nation] 28 Apr, 2017

LAHORE -  Trade Development Authority of Pakistan (TDAP) is endeavouring to forge an effective liaison with private and public stakeholders to help promote the national trade at the internation ...

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SECP amends Public Sector Companies Rules  [The Nation] 28 Apr, 2017

ISLAMABAD -  The Securities and Exchange Commission of Pakistan (SECP) has amended the Public Sector Companies (Corporate Governance) Rules, 2013, after approval by the federal government.

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Water inflow in Tarbela dam increases  [The Nation] 27 Apr, 2017

HARIPUR:- The water level in Tarbela dam on Wednesday reached at 1408.26 feet after increase in water inflow. The power generation from the dam also reached at 695 megawatts. According to the Tarbela dam officials, water level ...

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Pakistan Express begins operations with new coaches  [The Nation] 27 Apr, 2017

LAHORE -  Railways Minister Khawaja Saad Rafique on Wednesday formally inaugurated the newly furbished Pakistan Express Train after induction of new coaches.

...

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Pakistan, Bulgaria sign accord to avoid double taxation  [The Nation] 27 Apr, 2017

ISLAMABAD -  Pakistan and Bulgaria on Wednesday signed the Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion with Respect to Taxes on Income (ADTA) after the conclusio ...

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Stocks manage to recover 42 points  [The Nation] 27 Apr, 2017

KARACHI -  Stocks showed recovery led by banking and auto stocks amid strong quarter-end earnings announcements at PSX.

Volatile session was witnessed at the ...

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Nepra approves Rs4.35 per unit cut in tariff  [The Nation] 27 Apr, 2017

ISLAMABAD -  The National Electric Power Regulatory Authority (Nepra) on Wednesday approved a total Rs4.35 per unit reduction for February and March under monthly fuel adjustment mechanism.

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Govt eyes 6.2pc growth rate in next financial year  [The Nation] 26 Apr, 2017

ISLAMABAD -  The government is likely to fix the country’s GDP growth at 6.2 percent and budget deficit at 4 percent for the next financial year 2017-18.

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FTA with Thailand likely to be signed in May ’17: Dagha  [The Nation] 26 Apr, 2017

ISLAMABAD  -  Pakistan hopes to sign Free Trade Agreement (FTA) with Thailand in May 2017, which would help to boost volume of bilateral trade. 

Com ...

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Exploitation of small farmers goes unchecked  [The Nation] 26 Apr, 2017

ISLAMABAD  -  The government has started buying wheat from farmers but due to the alleged discouraging behaviour of officials at public procurement centres, small farmers continue to be ex ...

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CCI to discuss net hydel profit distribution on 28th  [The Nation] 26 Apr, 2017

ISLAMABAD -  The meeting of the Council of Common Interest (CCI) has been convened for April 28, 2017 to discuss the implementation of Article 154 of the Constitution, GN Kazi formula for the d ...

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Basmati rice exports up by 154.28pc in March  [The Nation] 26 Apr, 2017

ISLAMABAD: The exports of basmati rice from the country during the month of March 2017 increased by 154.28 percent as compared the exports of the corresponding month of last year. During month of March, about 45,745 metric tons ...

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SECP approves wheat futures contracts on PMEX  [The Nation] 26 Apr, 2017

ISLAMABAD -  In an endeavour to augment the portfolio of agricultural commodities in domestic futures market, the Securities and Exchange Commission of Pakistan (SECP) has approved listing of w ...

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Profit-taking halts PSX upward journey  [The Nation] 26 Apr, 2017

KARACHI -  Stocks market finally broke its bullish streak as the PSX shares index lost around 326 points to close at 49,785 level (down 0.65pc) after closing in the green zone for four consecut ...

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Punjab to ban loose food stuff  [The Nation] 26 Apr, 2017

LAHORE -  Punjab Food Authority Director General Noorul Amin Mengal has said that after a grace period of 1.5 year, sale of loose food stuff would be banned under updated rules and regulations. ...

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Planning ministry directed to approve PC-I for monitoring sea level  [The Nation] 26 Apr, 2017

ISLAMABAD -  A parliamentary committee on Tuesday directed the Ministry of Planning to approve the PC-I for monitoring of the rise in sea level and the submerging of the precious land of Sindh ...

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Pakistani man's automotive supplying company breaks ground on rare ...  [The Nation] 25 Apr, 2017

U.S. auto parts maker Flex-N-Gate will build a plant in Detroit in what local officials described on Monday as the first new investment by an automotive supplier in decades for Motor City, the cradle and former beating heart of ...

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Direction of US policy on South Asia ‘unclear’  [The Nation] 25 Apr, 2017

LAHORE - Pakistan’s location makes it “a natural melting point for major global players”, said Moeed Yusuf of the United States Institute of Peace.

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Pakistan comfortably beating India in mango trade: report  [The Nation] 25 Apr, 2017

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Irsa releases 159,900 cusecs water  [The Nation] 25 Apr, 2017

ISLAMABAD - The Indus River System Authority (Irsa) on Monday released 159,900 cusecs water from various rim stations with inflow of 245,300 cusecs. According to the data released by Irsa, water lev ...

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Pakistan urges Iran to lift tariff, non-tariff barriers  [The Nation] 25 Apr, 2017

ISLAMABAD - Pakistan has urged Iran to lift tariff and non-tariff barriers on Pakistani products including rice and citrus.

National Assembly Speaker Sardar Ayaz S ...

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Aptma chief lauds efforts of TDAP ex-chairman  [The Nation] 25 Apr, 2017

LAHORE - All Pakistan Textile Mills Association (Aptma) Chairman Aamir Fayyaz has said that the efforts of former TDAP chairman SM Munir for revival of export industry would be remembered long.

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PSX crosses 50,000 barrier  [The Nation] 25 Apr, 2017

KARACHI - Bullish trend continued at PSX on first trading day resultantly the bench mark shares index crossed psychological barriers to close at 50,112 level by gaining 403 points or (0.81 percent). ...

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PR likely to earn Rs40b in 2016-17: Minister  [The Nation] 25 Apr, 2017

LAHORE - Railways Minister Khawaja Saad Rafique has said that Pakistan Railways will be able to earn Rs40 billion in current fiscal year ending in June 2017, which is more than its estimated target ...

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