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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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NDMA urged to use ‘demountable flood barriers’ in at-risk areas  [The Nation] 02 Aug, 2016

Lahore - The Lahore Chamber of Commerce & Industry has urged the National Disaster Management Authority (NDMA) to use technology of ‘demountable barriers’ in the flood affected ar ...

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Inflation rises again as food prices up  [The Nation] 02 Aug, 2016

ISLAMABAD - The inflation rate has started to increase in the new fiscal year, going up to 4.
12 percent in July 2016 over a year ago.
Analysts believe that inflation is increasing due ...

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PIA admin hostage to unions, admits chairman  [The Nation] 02 Aug, 2016

KARACHI - PIA Chairman Azam Saigol has said that the management of the airlines has almost no authority and it is like a hostage to the unions.

“The ...

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SRB’s ST collection surpasses assigned target of Rs6.5b  [The Nation] 02 Aug, 2016

KARACHI - Sindh Revenue Board (SRB) collected Sindh Sales Tax (SST) to the tune of Rs6.
842 billion during July 2016, which is the highest-ever collection of SST in any one single month ever ...

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Suzuki raises prices of all models  [The Nation] 02 Aug, 2016

Lahore - Pak Suzuki Motor Company (PSMC) has announced to increase prices of its all car models by 3 percent, which translates into Rs20,000 – 30,000/- per unit to maintain its profit margi ...

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Oil prices dip as oversupply worries weigh  [The Nation] 02 Aug, 2016

LONDON - Oil prices dipped on Monday as a global supply glut and weak demand continued to weigh on the market.
  Prices had already hit three-month lows last week after US data showed a ...

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Declining Education/Examination System  [The Nation] 01 Aug, 2016

Faryal Hanif Goraya

The standard of education is declining in our country day by day.
Our educational institutions are producing “Not Men of Letters ...

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Tax on milk import unjustified  [The Nation] 01 Aug, 2016

ISLAMABAD - Islamabad Chamber of Small Traders on Sunday expressed serious concern on heavy taxation on local dairy industry and imported milk which has resulted in hike in the price of packaged ...

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Cement exports to India up  [The Nation] 01 Aug, 2016

Lahore - The cement exports to India increased by 42.
53 percent to 992,631 tonnes during the fiscal year 2015-16 against 696,417 tonnes recorded in the previous fiscal year.

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Rs42b for Dasu power project  [The Nation] 01 Aug, 2016

ISLAMABAD - The federal government has allocated Rs forty two billion for construction of Dasu hydel power project on River Indus in Kohistan district of Khyber Pakhtoonkhaw province.

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KCCI demands withdrawal of regulatory, customs duties on raw ...  [The Nation] 31 Jul, 2016

KARACHI - Karachi Chamber of Commerce & Industry (KCCI) President Younus Muhammad Bashir has urged the Ministry of Finance and Federal Board of Revenue (FBR) to completely withdraw Regulatory ...

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PIAF calls for reviving sick industrial units  [The Nation] 31 Jul, 2016

Lahore - Pakistan Industrial and Traders Associations Front (PIAF) Chairman Irfan Iqbal Sheikh, while appreciating the decision to set up a new industrial zone of 2,000 acres in Chunian, has aske ...

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LNG to be supplied to Nandipur project in Feb 2017  [The Nation] 31 Jul, 2016

ISLAMABAD:– Minister for Water and Power and Defence Khawaja Muhammad Asif has said LNG would be supplied to Nandipur power project in February 2017.
Talking to a private news channel ...

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Businessmen issues to be resolved: Rajwana  [The Nation] 31 Jul, 2016

ISLAMABAD : Punjab Governor Malik Muhammad Rafique Rajwana has lauded the role of business community in the national development and called for increased economic activity to generate jobs and re ...

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SECP chairman for expanding outreach of capital market  [The Nation] 31 Jul, 2016

ISLAMABAD - The Consultative Group on Capital Markets held its third meeting under the chairmanship of Zafar Hijazi, the SECP chairman, in Karachi on Saturday.

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Textile mills all set to observe ‘black day’  [The Nation] 31 Jul, 2016

Lahore: - The All Pakistan Textile Mills Association (APTMA) announced on Saturday to observe Black Day in August or September to highlight the issues affecting the textile industry; however, it ...

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SBP to maintain the policy rate at 5.75 percent  [The Nation] 31 Jul, 2016

KARACHI;-State Bank has kept policy rate at 5.75 percent in announcement of its first monetary policy of financial year 2016-17, on Saturday.

Governor of State Bank, Ashraf Wathra, unveiling the bimonthly monetary policy ...

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Dar to intervene for ending real estate sector-FBR deadlock  [The Nation] 30 Jul, 2016

ISLAMABAD - Finance Minister Ishaq Dar would hold meeting with Federal Board of Revenue officials and real estate sector stakeholders on Saturday (today) to end the deadlock on determination of p ...

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PSX continues upward march despite lackluster activity  [The Nation] 30 Jul, 2016

KARACHI - Pakistan Stock Exchange continued its record-breaking upward march on Friday.
The 100-share index gained 59.
84 points (0.
15%) to close at a new high of 39528.
82 ...

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PBIT signs MoU for $5b investment in Punjab  [The Nation] 30 Jul, 2016

LAHORE - The Punjab Board of Investment and Trade (PBIT) has signed a memorandum of understanding (MoU) with Grace Refinery, an international petrochemical company, for $5 billion investment in P ...

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Pak representation at World Islamic Economic Forum  [The Nation] 30 Jul, 2016

ISLAMABAD:- Commerce Minister Khurram Dastgir Khan will represent Pakistan in the 12th World Islamic Economic Forum to be held in Jakarta, Indonesia from August 2 to 4.
The PM has nominated ...

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Oil falls to 3-month low  [The Nation] 30 Jul, 2016

LONDON: World oil prices descended this week to their lowest levels for more than three months, rocked by renewed worries about a global supply glut and increa ...

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Ogra seeks hike in petrol, kerosene oil prices  [The Nation] 30 Jul, 2016

ISLAMABAD - The Oil and Gas Regulatory Authority (Ogra) Friday recommended the government to increase the prices of petrol and kerosene oil by 3.
29 percent (Rs2.
12) and 9.
1 perc ...

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IHC issues notices to oil companies  [The Nation] 30 Jul, 2016

ISLAMABAD - The Islamabad High Court (IHC) on Friday issued notices to the oil companies and refineries in a petition filed by the Oil & Gas Regulatory Authority (Ogra) for implementation of ...

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SECP team raids illegal brokerage business for first time  [The Nation] 30 Jul, 2016

ISLAMABAD - The Securities and Exchange Commission of Pakistan is striving to curb unlawful/illegal business activities in the capital market and to safeguard the interests of the public and prac ...

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Dollar hoarding by property investors weakening rupee  [The Nation] 30 Jul, 2016

LAHORE - Imposition of new taxes on transfer or sale of property has forced the sector’s investors to divert their investments and they have now started to hoard the greenback, leading to i ...

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Grace refinery to invest $ 5b in petrochemical sectors  [The Nation] 29 Jul, 2016

LAHORE - The Punjab Board of Investment and Trade (PBIT) has signed a Memorandum of Understanding (MoU) with Grace Refinery, an international petrochemical company, for $5 billion investment in Punjab.

The signing of the ...

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SBP likely to keep discount rate unchanged  [The Nation] 29 Jul, 2016

Lahore - The State Bank of Pakistan (SBP) will announce Monetary Policy this Saturday for the next two months.

Although current low inflation indicates th ...

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Sufficient stock of sugar available  [The Nation] 29 Jul, 2016

LAHORE - The Pakistan Sugar Mills Association (Punjab Zone) has said that sufficient stocks of sugar are available in the country.

“When payments of ...

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Stocks’ record-breaking run continues amid selling pressure  [The Nation] 29 Jul, 2016

KARACHI - Pakistan Stock Exchange continued its record-breaking run on Thursday.
Yesterday’s 34 points (0.
09%) rise in the 100-share index, which closed at 39,468.
98 point ...

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