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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 to set up dry port in Sargodha  [The Nation] 27 May, 2016

ISLAMABAD - Board of Administrators of the Export Development Fund decided on Thursday that the Ministry of Commerce would fund the establishment of dry port in Sargodha to facilitate the export ...

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Stock market rebounds  [The Nation] 27 May, 2016

KARACHI - After witnessing two bearish sessions, Pakistan Stock Exchange staged rebound on Thursday.
The benchmark 100-share index rose by 41.
54 points (up 0.
11%) to close at 36 ...

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PSDP: Govt to allocate Rs116b for water, power sector  [The Nation] 27 May, 2016

ISLAMABAD - The government will allocate Rs116 billion for the water and power sector in the upcoming Public Sector Development Programme (PSDP), it was learnt reliably here Thursday.

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Concerned Dar for efforts to revive cotton production  [The Nation] 27 May, 2016

ISLAMABAD - Finance Minister Ishaq Dar on Thursday expressed concern over huge decline in cotton crop production this year, which eroded GDP growth rate for the ongoing financial year (2015-16) b ...

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FBR directed to take strict measures against tax evaders  [The Nation] 26 May, 2016

ISLAMBAD - Finance Minister Ishaq Dar on Wednesday directed Federal Board of Revenue (FBR) to facilitate the tax filers and take strict measures against non-filers and tax evaders in the budget f ...

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Markets early closure will be difficult in Ramazan  [The Nation] 26 May, 2016

LAHORE - The implementation on the proposed plan for early closure of commercial markets seems to be difficult, as the traders’ leaders have rejected the government’s plan to conserve ...

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PCICL team visits TDAP  [The Nation] 26 May, 2016

KARACHI  A team of the Pak-China Investment Company Limited (PCICL), led by its Assistant Vice President Andy Liu, visited TDAP offices on Wednesday and h ...

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LCCI urges FBR to stop attaching business accounts  [The Nation] 26 May, 2016

Lahore : The Lahore Chamber of Commerce & Industry has urged the Federal Board of Revenue to stop attaching business accounts in the larger interest of the economy as it is discouraging the t ...

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PSX ignores global bull-run  [The Nation] 26 May, 2016

KARACHI - Bear-run continued at the Pakistan Stock Exchange on Wednesday, with the benchmark 100-share index losing 82.
93 points (0.
23%) to close at 36,499.
43 points.

< ...
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Punjab to raise ADP by over 10pc to Rs460b  [The Nation] 26 May, 2016

Lahore - The Punjab government is going to raise allocations for the Annual Development Programme (ADP) in the upcoming budget by over 10 percent to around Rs460 billion from the last year’ ...

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Govt didn’t include circular debt in deficit  [The Nation] 26 May, 2016

ISLAMABAD - Pakistan’s budget deficit would surge to 8 percent of the GDP during outgoing financial year after adding circular debt amount into it, said Saleem Mandviwalla, former finance m ...

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Agri-trade conference today  [The Nation] 26 May, 2016

LAHORE:– The Punjab Board of Investment and Trade and Embassy of Netherlands are jointly organising an agri-trade conference on Thursday (today) at 09:00am at a local hotel. Participants would include representatives of 9 ...

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Govt won’t burden existing taxpayers  [The Nation] 25 May, 2016

ISLAMABAD - Minister for Finance Muhammad Ishaq Dar Tuesday said the government would enhance development expenditure while no new burden would be put on the existing taxpayers in the budget for 201 ...

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Bears back amid pre-budget speculations  [The Nation] 25 May, 2016

KARACHI - After 7 bullish sessions, the bears came into play Tuesday. Pakistan Stock Exchange’s 100-share index lost 141 points (down 0.39%) to close at 36,582.35 points.

Heavyweight oil ...

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10pc raise in govt employees’ pays, pensions likely  [The Nation] 25 May, 2016

ISLAMABAD - The federal government is considering different proposals for increasing government employees’ salaries in the budget for the next financial year 2016-2017.

“Finance Minister Ishaq Dar has constitu ...

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Cotton crop failure caused Rs200b loss: PCGA  [The Nation] 25 May, 2016

MULTAN - Pakistan Cotton Ginners Association (PCGA) Chairman Nawab Shehzad Ali Khan has said that federal commerce minister Khurram Dastgir Khan has expressed serious concern over decline of 5,100,0 ...

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2-month salaries released for PSM employees  [The Nation] 25 May, 2016

KARACHI - Workers of Pakistan Steel Mill (PSM) have been paid their salaries for two months

before advent of Ramazan. Sources said that workers were not paid salaries for the last six months. ...

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PTA okays Mobilink-Warid merger  [The Nation] 25 May, 2016

Islamabad - Pakistan Telecommunication Authority on Tuesday approved Mobilink-Warid Merger subject to unconditional acceptance of some conditions.

One of the major conditions, in the long list ...

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Govt to up development budget by Rs161b  [The Nation] 25 May, 2016

ISLAMABAD - The government has decided to increase Federal Public Sector Development Programme (PSDP) and provincial Annual Development Plan’s(ADP) outlay by Rs161 billion for the next fiscal ...

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LCCI asks FBR to stop issuing undue notices  [The Nation] 24 May, 2016

LAHORE - The Lahore Chamber of Commerce & Industry has urged the Federal Board of Revenue to stop issuing undue notices to the businessmen as it is vitiating the business atmosphere in the count ...

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Call to make interest rate cut meaningful, result-oriented  [The Nation] 24 May, 2016

LAHORE/islamabad - With weaknesses in private capital inflows continuing to persist, the business community on Monday supported the central bank’s decision to cut policy rates by 25 basis poin ...

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GE signs digital power plant agreements with two companies  [The Nation] 24 May, 2016

LAHORE - GE (NYSE: GE) has signed contracts with Halmore Power Generation Company Limited and Orient Power Company Ltd to provide its Predix-enabled digital power plant solutions. This complements t ...

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Restoration of zero-rating regime demanded  [The Nation] 24 May, 2016

LAHORE - The five export oriented sectors of textile, leather, carpets, sports goods and surgical instruments Monday demanded restoration of zero-rating regime for the exporters, saying new taxation ...

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MNFS  [The Nation] 24 May, 2016

KARACHI - Pakistan Automotive Manufactures Association (PAMA) has strongly criticized the proposal of Ministry of National Food Security and Research (MNFS&R) for reportedly working on a proposa ...

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Energy crisis  [The Nation] 23 May, 2016

Faryal Hanif Goraya - Today the whole nation feels paralysed due to the energy crisis it faces.
In our country, energy crisis started in 1985.
Different political parties raised voice ...

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Abu Dhabi lays off staff as Gulf austerity tightens  [The Nation] 23 May, 2016

ABU DHABI - Thousands of layoffs at state-linked companies in Abu Dhabi are a fresh sign the Gulf's wealthy oil states are hunkering down for a long period of austerity as low crude prices pressu ...

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Hike in mobile phones prices as govt contemplates doubling GST  [The Nation] 23 May, 2016

Islamabad - From July onwards, prices of mobile phones may increase by up to Rs2,000, as the federal government is considering to double the general sales tax (GST) on all types of imported hands ...

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Govt may impose Rs500b new taxes in budget  [The Nation] 23 May, 2016

Lahore:– The business community on Sunday expressed concern over plan of the govt to impose Rs500 billion new taxes in the upcoming budget. Masses as well as the business community will never accept new taxes as it will o ...

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PSX-100 index touches an all-time high  [The Nation] 23 May, 2016

Lahore - The PSX-100 index continued an upwards path for the fourth consecutive week.
After touching an all-time high during the week, the KSE-100 closed 1.
6 percent WoW higher on acc ...

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Five export sectors meet to discuss zero rating  [The Nation] 23 May, 2016

Lahore  - The five export industries of Sialkot, including apparel, leather, carpets, sports goods and surgical instruments, have called an emergency meeting on Monday to discuss over the proposed sales tax to be imposed o ...

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