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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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Cement scrips drag index down by 110 points  [Dawn News] 21 Apr, 2016

KARACHI: Profit-taking was witnessed at the stock market on Wednesday as the index lost 109.78 points (0.33 per cent) to close at 33,619.84.

The index was dragged down mainly by the cement sector where most stocks ended ...

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SECP removes Unicap Modaraba’s management  [Dawn News] 21 Apr, 2016

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has appointed an administrator of Unicap Modaraba in place of its management company for failing to follow the rules.

The SECP has changed the Map Out M ...

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PTCL plans investment in Gwadar  [Dawn News] 21 Apr, 2016

QUETTA: PTCL has planned to make a massive investment in telecom infrastructure in Gwadar in view of mega development projects of deep sea port and China-Pakistan Economic Corridor (CPEC) to provide facilities to international ...

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Mauritius president for enhancing bilateral trade  [Dawn News] 21 Apr, 2016

KARACHI: Pakistani textile sector could take the advantage of 10-year exemption from income tax and could also penetrate in the United States and European markets on investing in Mauritius.

This was stated by President of ...

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Satellite to be launched for monitoring CPEC projects  [Dawn News] 21 Apr, 2016

ISLAMABAD: Pakistan and China will use space technology to carry out planning and execution of development projects under the China-Pakistan Economic Corridor (CPEC) more scientifically, and in this regard a satellite will be l ...

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Current account deficit shrank to $223m in Jan-March  [Dawn News] 21 Apr, 2016

KARACHI: The current account deficit dropped nearly 80 per cent in the January-March quarter, largely due to improved foreign direct investment and higher workers’ remittances.

The $223m figure for the third quarter of th ...

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ABC calls for meaningful tax reform  [Dawn News] 21 Apr, 2016

KARACHI: The American Business Council of Pakistan (ABC) submitted on Wednesday its taxations proposals for the upcoming budget, urging the government to widen the tax net and ensure that all sectors of the economy are taxed ap ...

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Khaqan wants private sector to take lead in ending energy crisis  [Dawn News] 21 Apr, 2016

ISLAMABAD: Amid calls for further deregulation of oil and gas market, Petroleum Minister Shahid Khaqan Abbasi on Wednesday asked the petroleum industry to invest in ending energy crisis, otherwise public sector companies would ...

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Exploration of gas reserves termed unsatisfactory  [The Nation] 21 Apr, 2016

Islamabad - Expressing dissatisfaction with the current pace of discoveries in the petroleum sector, participants at a petroleum conference, held on Wednesday, observed that gas discoveries made dur ...

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Dr Ameenah for Aptma’s investment in Mauritius  [The Nation] 21 Apr, 2016

KARACHI - President of Mauritius Dr.
Ameenah Firdaus Guarib-Fakim has invited All Pakistan Textile Mills Association (APTMA) to invest in Mauritius - the gateway to Africa.

Talki ...

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Privatisation Commission recovers Rs 404.5m from TIBL  [The Nation] 21 Apr, 2016

ISLAMABAD - The Privatisation Commission (PC), through strong persistence and in collaboration with the National Accountability Bureau (NAB), has recovered the Voluntary Return Offer amount of Rs 40 ...

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Profit-taking in cement sector drags PSX down  [The Nation] 21 Apr, 2016

KARACHI : Pakistan Stock Exchange index on Wednesday witnessed a decline by 109 points (0.33%) to close at 33619.84 points.
The market saw profit taking with the cement sector leading the decli ...

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Oil resumes fall as Kuwait oil workers end strike  [The Nation] 21 Apr, 2016

LONDON:- Oil prices resumed falls Wednesday after petroleum workers called off a strike in key OPEC producer Kuwait, quashing hopes the disruption could help ease a persistent supply glut.
...

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Wapda demands funds for Bhasha Dam  [The Nation] 21 Apr, 2016

ISLAMABAD -WAPDA has demanded allocation of funds for building 4500MW Diamir Bhasha Dam as the land acquisition for project has been completed.

The government needs to take high level ...

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‘Pakistan TELECON’ on May 17  [The Nation] 20 Apr, 2016

LAHORE:- The 9TH Pakistan TELECON 2016, organised by Shamrock Conferences International with the support of the Pakistan Telecommunication Authority (PTA), will be held on May 17, 2016 at an Islamabad hotel. Coinciding with the ...

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Stock market sees third consecutive flat session  [The Nation] 20 Apr, 2016

KARACHI - Pakistan Stock Exchange witnessed a third consecutive flat session Tuesday to close at 33729.62 points, declining by 30 points.
Volatility prevailed in the market as the index traded between an intra-day high of ...

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‘FBR to start investigation only after approval of PM or Dar’  [The Nation] 20 Apr, 2016

ISLAMABAD - The Federal Board of Revenue (FBR) on Tuesday said no decision has been taken to issue notices to the concerned, who did not disclose their foreign wealth and having offshore companies in their tax returns.
&ld ...

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LSM sector posts 4.35pc growth in eight months  [The Nation] 20 Apr, 2016

ISLAMABAD - Large scale manufacturing sector, which accounts for 70 percent of industrial production, posted handsome growth of 4.35 percent during first eight months (July-February) of the ongoing financial year over a year ag ...

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Dar for consulting all stakeholders before finalising recommendations ...  [The Nation] 20 Apr, 2016

ISLAMABAD - Finance Minister Ishaq Dar chaired a meeting on Tuesday to review the progress with regard to revenue side of budget 2016-17.
Federal Board of Revenue (FBR) Chairman Nisar Mohammad Khan apprised the meeting th ...

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Microfinance Investment Co be operational by July 1: Dar  [The Nation] 20 Apr, 2016

ISLAMABAD - Finance Minister Ishaq Dar on Tuesday said that Pakistan Microfinance Investment Company should become operational by July 1, 2016.
He made these remarks while chairing a meeting to review the preparations rega ...

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Oil tumbles on Doha failure  [The Nation] 19 Apr, 2016

LONDON - Oil tumbled Monday a day after top producers failed to reach a deal in Doha to cap output, fanning fresh fears over a supply glut that has plagued the market.

Prices had rebou ...

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Stocks close flat amid major fall in global equities  [The Nation] 19 Apr, 2016

KARACHI - Stocks Monday closed flat amid major fall in global equities and crude prices after major oil producers fail to agree output freeze.
The benchmark index declined 7 points (down 0. ...

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PEC organises lectures on earthquakes  [The Nation] 19 Apr, 2016

Lahore - The Pakistan Engineering Congress on Monday organized lectures on the various facts of the phenomena of earthquakes with a view to educate the participants on the scientific reasons of e ...

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Pak Qatar Family Takaful signs agreement with Primus Investment  [The Nation] 19 Apr, 2016

Lahore :  Pak Qatar Family Takaful Limited (PQFTL) has signed a collaborative agreement with Primus Investment Management Limited, whereby PQFTL will provide Group Term Family Takaful ...

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Global stocks mostly slide on Doha discord  [The Nation] 19 Apr, 2016

LONDON - Energy shares tumbled Monday as oil prices skidded after the world's top producers failed to reach a deal on freezing output in weekend talks in Doha.
"Discord in Doha has left oil pri ...

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China urged to fix 'life or death' steel crisis  [The Nation] 19 Apr, 2016

BRUSSELS - Major players in the world's struggling steel industry urged China on Monday to scale back overproduction blamed for causing plant closures and job losses across the globe.

...

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Latitude CRS announces partnership with Grayling  [The Nation] 19 Apr, 2016

Lahore  - Latitude Corporate Relationship Solutions, one of Pakistan’s leading public relations and communications consultancies, has announced that it is now part of the global Grayli ...

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Fauji Cement announces 3QFY16 earnings of Rs1.6b  [The Nation] 19 Apr, 2016

Lahore  - Fauji Cement (FCCL) announced 3QFY16 earnings of Rs1.
6bn (EPS Rs1.
1) as against Rs982mn (EPS Rs0.
7) in the same quarter last year.
This result was in-line w ...

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Faheem selected for research fellowships  [The Nation] 19 Apr, 2016

LAHORE (PR): Dr.
Faheem Khurshid Butt has been selected for Georg Forster Research Fellowships (HERMES) for postdoctoral researchers in Germany by Alexander von HumboldtFoundation.

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Setback to majors’ global business ambitions  [Dawn News] 18 Apr, 2016

LEADING Indian industrialists, who just a few years ago were seen as knights in shining armour, rescuing floundering international companies from sure death, are today being seen in a different light — as value destroyers of su ...

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