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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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Govt’s plan of privatising PSEs moving at snail’s pace  [The Nation] 08 Apr, 2017

ISLAMABAD -  The government’s plan of privatising public sector entities (PSEs) is moving at snail’s pace, as it had not privatised any entity since August 2015.

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CPEC generating interest from developed economies  [The Nation] 08 Apr, 2017

BEIJING : There is great potential for developed economies like the United Kingdom (UK) to join the China-Pakistan Economic Corridor (CPEC) and other projects in China’s One Belt, One Road (OBOR) initiative.

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Global stocks steady ahead of US-China summit  [The Nation] 08 Apr, 2017

LONDON -  Global markets largely tracked Wall Street with prices in New York edging up ahead of a US-China presidential summit expected to focus on trade and North Korea.

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Govt has frozen gas prices for domestic consumers, says Ogra chief  [The Nation] 08 Apr, 2017

LAHORE -  Oil & Gas Regulatory Authority (Ogra) Chairperson Uzma Adil Khan has said that the government has frozen the gas prices for the domestic consumers under its socio economic agenda. ...

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SECP invites PIASP for meeting  [The Nation] 08 Apr, 2017

LAHORE (PR): The SECP chairman has invited Professional Association of Insurance Surveyors of Pakistan for a meeting to discuss the problems being faced by the association.

President Junaid Za ...

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Chinese co likely to install oil refinery in Sindh  [The Nation] 08 Apr, 2017

KARACHI:-  Mingyuan Holdings Group Co limited - a Chinese company  has offered to install an oil refinery in Sindh with the investment of $2 billion. The refinery estimated to refine over 10 mi ...

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Stocks stage sharp recovery, index gains 533 points  [The Nation] 08 Apr, 2017

KARACHI -  Stocks staged strong recovery on weekend on the back of value-picking by institutional investors in banks, oil, cement and fertiliser, the PSX shares index gained 533 points or (1.1p ...

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Aptma demands immediate payment of refunds  [The Nation] 08 Apr, 2017

LAHORE -  All Pakistan Textile Mills Association (APTMA) Chairman Aamir Fayyaz has condemned the Federal Board of Revenue (FBR) for rolling back all sales tax refund payment orders (RPOs) issue ...

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Govt considers financial inclusion as key policy: Dar  [The Nation] 08 Apr, 2017

ISLAMABAD -  Finance Minister Senator Ishaq Dar has said that the government will continue to pursue the agenda of inclusive economic growth along with digital financial inclusion for the prosp ...

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Senate body defers Companies Bill till next meeting  [The Nation] 08 Apr, 2017

ISLAMABAD - The Senate Standing Committee on Finance on Friday deferred the Companies Bill 2017 till next meeting for approval, as the committee would thoroughly discuss the bill that has 515 clauses. 

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Samsung tips best quarterly profit in over three years as chips soar  [The Nation] 07 Apr, 2017

Samsung Electronics Co Ltd Friday forecast its best quarterly profit in more than three years in the January-March period, beating expectations and putting it on track for record annual earnings on the back of a memory chip sup ...

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Asian markets edgy as US strikes Syrian base amid Xi summit  [The Nation] 07 Apr, 2017

HONG KONG (AP) — Asian stock indexes sank Friday as the U.S. fired missiles at a Syrian air base during President Donald Trump's first meeting with China's president, leaving investors on edge over the global outlook.

...
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Pakistan, Germany ink Joint Declaration of Intent  [The Nation] 07 Apr, 2017

ISLAMABAD - Pakistan and Germany on Thursday signed a Joint Declaration of Intent with the aim to further strengthen development cooperation between the two countries.

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PITB commences first ever National IT Census  [The Nation] 07 Apr, 2017

LAHORE - Pakistan’s Information Technology sector’s development is likely to get a boost as Punjab Information Technology Boards has announced commencement of first ever nation-wide IT C ...

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Consignments scanning system at ports being upgraded  [The Nation] 07 Apr, 2017

LAHORE - NLC Dry Ports & Border Terminals Director Brigadier (retired) Nadeem Iqbal Raja has said that system of consignments checking and scanning at ports is being upgraded that would give sub ...

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Foreign reserves decline by $264m  [The Nation] 07 Apr, 2017

KARACHI - The total liquid foreign reserves held by the country stood at $21,550.5m on March 31, 2017. The weekly break-up of the foreign reserves position released on Thursday showed that foreign r ...

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Senate body approves Limited Liability Partnership Bill  [The Nation] 07 Apr, 2017

ISLAMABAD - The Senate Standing Committee on Finance on Thursday approved the Limited Liability Partnership (LLP) Bill, 2017.

The proposed LLP framework possesses ...

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Bearish sentiment prevails at PSX  [The Nation] 07 Apr, 2017

KARACHI - Stock market test another new low, shares closing at its lowest in over three months at 47,356 level declining by 221 points or (0.46%) amid thin activity on concerns for economic uncertai ...

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Cement units capacity utilisation mounts to 101pc in March  [The Nation] 07 Apr, 2017

LAHORE - Cement despatches reached historic heights in March 2017, touching almost 4 million tons with capacity utilisation crossing 101 percent on the strength of robust domestic demand though expo ...

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ADB projects economic growth at 5.2pc for FY2017  [The Nation] 07 Apr, 2017

ISLAMABAD - The Asian Development Bank (ADB) has projected Pakistan’s economic growth at 5.2 percent for the current fiscal year due to better security, macroeconomic stability and investment ...

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EU envoy praises economic development in Punjab  [The Nation] 07 Apr, 2017

LAHORE (PR) - EU Ambassador Jean Francois Cautain on Thursday visited the Punjab Board of Investment and Trade (PBIT) and appreciated the Punjab government for the steps it had taken for sustainable ...

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Pakistan’s economy to sustain 8-10pc growth rate for next 3 decades  [The Nation] 06 Apr, 2017

Minister for Planning, Development and Reforms Ahsan Iqbal on Thursday said that Pakistan country could sustain 8-10 per cent economic growth for next three decades under CPEC.

Addressing a gathering of international busi ...

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Malaysia keen to establish industry at Gwadar port  [The Nation] 06 Apr, 2017

ISLAMABAD: In a bid to capitalise on the rise of regional integration, a Malaysian delegation on Wednesday expressed its interest to help develop projects like ferry service operation, construction of dedicated terminals at Pak ...

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IMF to support Pakistan's economic reform program  [The Nation] 06 Apr, 2017

International Monetary Fund (IMF) has reaffirmed its support to Pakistan's economic reform program.

In a statement after discussions with Pakistani authorities in Dubai, the head of IMF staff team, Harald Finger said, &ld ...

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Livestock department releases funds, encourages greater beef ...  [The Nation] 06 Apr, 2017

FAISALABAD: The Livestock and Dairy Development Department (LDDD) is releasing funds amounting to Rs20 million for breeders in the district under the second phase of ‘Save the Calves and Calf Fattening Schemes’.

...
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UK wants to become 'important partner' for CPEC  [The Nation] 06 Apr, 2017

ISLAMABAD: The United Kingdom has expressed its desire to become a key partner in the multibillion-dollar China-Pakistan Economic Corridor (CPEC).

“Britain is a country of global influence and can be an important pa ...

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Asad for export markets in Chinese areas around Pak borders  [The Nation] 06 Apr, 2017

LAHORE - National Assembly’s Standing Committee on Industries and Production Chairman Asad Umar has said that the economic relations with China should also be exploited to build new export mar ...

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FDA to construct 3 mini-hydel plants in Kurram  [The Nation] 06 Apr, 2017

ISLAMABAD: FATA Development Authority (FDA) has planned to construct three mini-hydel power stations in Kurram Agency. According to sources of FATA Development Au ...

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Stocks witness bloodbath activity, index sheds 511 points  [The Nation] 06 Apr, 2017

KARACHI - Stocks witnessed bloodbath activity on Wednesday as the PSX shares index lost 511 points or (1.06%) to close at 47,577 level.

This pressure in the market ...

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Asian markets cautiously higher ahead of Xi-Trump summit  [The Nation] 06 Apr, 2017

HONG KONG - Asia's markets mostly rose Wednesday but investors moved nervously ahead of a summit between Chinese President Xi Jinping and Donald Trump this week.

T ...

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