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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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Stock market touched all-time high after MSCI announcement  [The Nation] 20 Jun, 2016

Lahore - The stock market, during the week, increased by about 5 percent and touched all time high to close at 38,776 levels on the back of MSCI announcement, upgraded Pakistan from Frontier Mark ...

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Cement export down by 17.41pc in 11 months  [The Nation] 20 Jun, 2016

Lahore - The cement exports have dropped by 17.41 percent to 5.48 million tonnes during the first eleven months of the current fiscal against 6.64 million tonnes during same period of last fiscal year.

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Losses due to power outages cost 34pc of annual revenue  [The Nation] 20 Jun, 2016

Lahore - The losses in Pakistan due to power outages cost up to 34 per cent of the annual revenue.
In comparison, businesses in the Central African Republic only reported losses of up to 25 ...

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Political pressures lead to insertion of 20pc new schemes in PSDP  [The Nation] 20 Jun, 2016

Islamabad - Violating its own policy of including only three percent new schemes in the Public Sector Development Programme(PSDP), the Ministry for Planning, Development and Reforms has incorpora ...

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Implications for livestock sector  [The Nation] 20 Jun, 2016

Dr.
Rana Muhammad Ayyub - The federal budget provides a glimpse of government’s economic and social priorities.
This document gives a clear indication of set directions in which ...

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Dozens protest rising fuel prices in Syria capital  [The Nation] 20 Jun, 2016

DAMASCUS - Dozens of protesters gathered in Damascus on Sunday for a rare demonstration in front of Syria's parliament against a 40 percent hike in fuel prices announced last week.

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Iran reaches deal to purchase 100 Boeing planes  [The Nation] 20 Jun, 2016

TEHRAN -  Iran said Sunday it has reached an agreement with American aerospace giant Boeing to purchase 100 aircraft to renew its ageing fleet, though the deal must still be approved by the ...

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Farmers advised to save sugarcane crop  [The Nation] 19 Jun, 2016

MUZAFFARGARH:– EDO Agriculture Mehr Abid Hussain has advised farmers to take protective measure to save their sugarcane crop from parcupine and wildboar attacks.
He stated this while ...

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17,272MW record power generation achieved  [The Nation] 19 Jun, 2016

ISLAMABAD - The Ministry of Water and Power on Saturday achieved another milestone as the total electricity generation reached to record 17272 MW for the first time in the country's history.

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Pak recognition as emerging market to attract investors  [The Nation] 19 Jun, 2016

ISLAMABAD - Minister for Planning, Development and Reforms Ahsan Iqbal has said PTI Chairman Imran Khan and PAT Chief Tahirul Qadri's nexus is once again bent upon disrupting economic achievement ...

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Proactive strategy must for overcoming water crisis  [The Nation] 19 Jun, 2016

ISLAMABAD - Federation of Pakistan Chambers of Commerce & Industry’s Regional Standing Committee Chairman Ahmad Jawad has stressed the need for adopting a serious strategy for building ...

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LCCI condemns politics of agitation  [The Nation] 19 Jun, 2016

Lahore - Vice President of the Lahore Chamber of Commerce & Industry (LCCI) Nasir Saeed has demanded all political parties to show maturity & commitment to the country and try to resolve ...

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Govt criticised for failing to utilise ADP funds  [The Nation] 19 Jun, 2016

Lahore: - The All Pakistan Business Forum (APBF) President Ibrahim Qureshi has lambasted the Punjab government for failing to fully utilise the budget allocated under the Annual Development Progr ...

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PIAF terms Punjab budget growth-oriented  [The Nation] 19 Jun, 2016

LAHORE - Pakistan Industrial and Traders Associations Front (PIAF) Saturday termed Punjab budget as a progressive, pro-farmer and growth-oriented document which will give a boost to its economy a ...

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Dar hopes budget relief will reverse decline in agri growth  [The Nation] 19 Jun, 2016

ISLAMABAD - Finance Minister Ishaq Dar discussed ways and means for the uplift of agriculture sector in aid with the provincial governments and also finalised subsidy disbursement mechanism with ...

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President lauds Dar on MSCI upgradation  [The Nation] 18 Jun, 2016

ISLAMABAD:–  President Mamnoon Hussain on Friday congratulated Finance Minister Ishaq Dar on the country’s upgradation to emerging markets status.
In a telephonic call to t ...

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PSX maintains record-breaking run  [The Nation] 18 Jun, 2016

KARACHI - Stock market continued its record-breaking run on Friday, closing at a fresh all-time high amid support in blue chip banking and cement sectors. The KSE 100-index settled at 38,776.94 points after adding 25.34 points. ...

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Pakistan to hold trade exhibition, business forum in Hungary  [The Nation] 18 Jun, 2016

ISLAMABAD - Pakistan will hold trade exhibition and a business forum in Hungary in a bid to enhance Pakistan’s exports to the eastern parts of Europe, said Minister for Commerce KhurramDast ...

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High water flows: Wapda plans remedial measures for Tarbela 4th ...  [The Nation] 18 Jun, 2016

 LAHORE - Pakistan Water and Power Development Authority (WAPDA) is executing Tarbela 4th Extension Hydropower Project (T4) to generate 1410-MW electricity with its scheduled completion in F ...

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Sindh asked to design industrial parks, cities  [The Nation] 18 Jun, 2016

KARACHI - Sindh Chief Minister Syed Qaim Ali Shah has said that the Asian Development Bank (ADB) is most important partner of Sindh government in the development of the province.

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Gwadar port to create 40,000 jobs: GPA chairman  [The Nation] 18 Jun, 2016

QUETTA - Work on construction of a 10-square-kilometer industrial free zone in Gwadar is underway and the port city alone will be able to create about 40,000 jobs.

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Punjab approves uplift schemes worth Rs3.83b  [The Nation] 18 Jun, 2016

LAHORE - The Punjab Provincial Development Working Party has approved eleven development schemes of various sectors with an estimated cost of Rs3.
83 billion.

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Casa-1,000: Pakistan will receive 1,300MW now  [The Nation] 17 Jun, 2016

ISLAMABAD - “Pakistan will now receive 1300 Megawatt (MW) of electricity, instead of 1000 mw, from the Central Asian states, under the Central Asia-South Asia 1,000 (Casa-1,000) project, as ...

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LCCI for eliminating corruption  [The Nation] 17 Jun, 2016

Lahore -  The Lahore Chamber of Commerce & Industry (LCCI) has said that elimination of serious issues like smuggling, which are causing loss of billions of dollars to the national exche ...

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Businesses open today despite PAT sit-in  [The Nation] 17 Jun, 2016

Lahore - The All Pakistan Anjuman-e-Tajiran (APAT) Central General Secretary Naeem Mir has announced that traders of The Mall will keep their shops open on the day of sit-in of Pakistan Awami Teh ...

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Positive suggestions of MPs to be accomodated in budget: Dar  [The Nation] 17 Jun, 2016

ISLAMABAD - Finance Minister Senator Muhammad Ishaq Dar here on Thursday directed the Ministry of Finance officials to ensure that all the positive suggestions and recommendations received during ...

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Aptma rejects duty on import of cotton from India  [The Nation] 17 Jun, 2016

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LAHORE - All Pakistan Textile Mills Association (APTMA) has strongly rejected the recommendation of Senate Standing Committee on National Food Security and Research to impose regulatory du ...

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Rs3.27/unit cut in power price recommended  [The Nation] 17 Jun, 2016

ISLAMABAD:- Central Power Purchasing Authority (CPPA) has recommended reducing price of power for May.
The authority has recommended cutting price by Rs 3.
27 per unit.
National ...

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PSX index hits new all-time high  [The Nation] 17 Jun, 2016

KARACHI - Positivity prevailed in the stock market for the third consecutive day on Thursday, as the benchmark 100-share index closed at a new all-time high.
PSX index rallied by 191.
...

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Dastgir for taking benefits of health programme to remote areas  [The Nation] 16 Jun, 2016

ISLAMABAD - Federal Minister for Commerce Khurram Dastgir Khan has directed the State Life Insurance Corporation (SLIC) to extend the facilities of Prime Minister’s National Health Programm ...

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