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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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Pak-Iran banking ties likely to be restored  [The Nation] 31 Aug, 2016

ISLAMABAD - The federal cabinet is likely to approve restoration of Pakistan-Iran banking relationship with the view to significantly boost bilateral trade.
Federal Minister for Commerce Kh ...

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Centre, Sindh agree to resolve power dues issue  [The Nation] 31 Aug, 2016

ISLAMABAD - The federal government and Sindh on Tuesday agreed on the constitution of a technical committee to figure out the exact amount of dues the province owed to the centre under the head o ...

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Senior US official reaffirms commitment to trade with Pakistan  [The Nation] 31 Aug, 2016

ISLAMABAD - Assistant United States Trade Representative (AUSTR) for South Asia Michael Delaney led a delegation to Islamabad on Tuesday to discuss the US-Pakistan Trade and Investment Framework ...

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LDA governing body okays 3 development projects  [The Nation] 31 Aug, 2016

LAHORE (PR) - The governing body of Lahore Development Authority granted administrative approval for undertaking three development projects in the city at cost of Rs.
830 million here on Tue ...

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Bosan for observing int’l practices for exporting cotton  [The Nation] 31 Aug, 2016

ISLAMABAD - Minister for National Food Security and Research, Sikandar Hayat Khan Bosan on Tuesday directed to form a committee to look into the matter of bale (cotton) weight as per internationa ...

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Apple hit with record EU tax bill  [The Nation] 31 Aug, 2016

BRUSSELS -  The EU ordered tech giant Apple on Tuesday to pay a record 13 billion euros in back taxes in Ireland, a move Washington warned could damage hugely important transatlantic economi ...

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CPEC to attract investment: BOI  [The Nation] 31 Aug, 2016

ISLAMABAD - Board of Investment (BOI) Chairman Miftah Ismail on Tuesday expressed the optimism that the China-Pakistan Economic Corridor (CPEC) would attract huge international investment, result ...

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$197.85m ADB loan for Sindh roads improvement  [The Nation] 31 Aug, 2016

ISLAMABAD - Pakistan and Asian Development Bank on Tuesday signed a loan agreement of $197.
85 million for Sindh roads improvement project.

Asian Dev ...

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Oil rebound slightly after sharp losses  [The Nation] 31 Aug, 2016

LONDON - Oil prices rose Tuesday, a day after sliding on the strong dollar, but fears over the supply glut kept gains in check before a key producers' meeting next month.
The market had tum ...

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Oil market rebalancing could take until end 2017: Shell  [The Nation] 30 Aug, 2016

NORWAY: The huge global oil oversupply that has weighed on prices for the past two years may not clear until the second half of 2017, Shell's chief energy adviser Wim Thomas told Reuters.

The potential re ...

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PSX regains 40,000-point level  [The Nation] 30 Aug, 2016

KARACHI - Stock market again crossed the psychological barrier of 40,000 points on Monday.
The benchmark 100-share index closed at 40,023 points after gaining by 96 points (0.
24%).

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Deals worth $350m signed at 16th Textile Asia  [The Nation] 30 Aug, 2016

LAHORE - Besides marking the participation of over 500 foreign delegates, the three-day 16th International Textile Asia Exhibition, organised jointly by PRGMEA and Ecommerce Gateway, booked the o ...

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BoP earns profit of Rs4.2b  [The Nation] 30 Aug, 2016

LAHORE - A meeting of the Board of Directors of The Bank of Punjab was held on Monday to consider and approve un-audited financial statements of the bank for the half year ended June 30, 2016.

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KP Chamber’s exhibition tomorrow  [The Nation] 30 Aug, 2016

PESHAWAR - Khyber Pakhtunkhwa Chamber of Commerce and Industry will organise an exhibition ‘Made in Khyber Pakhtunkhwa’ on Wednesday (tomorrow) in Islamabad with a purpose to promote ...

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Dar chairs NEC meeting on anti-money laundering  [The Nation] 30 Aug, 2016

ISLAMABAD - Finance Minister Ishaq Dar on Monday said that Pakistan now had a fully functional Anti Money Laundering (AML)/Combating Financing Terrorism (CFT) regime which was equipped with legal ...

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Oil sinks on strong dollar, output fears  [The Nation] 30 Aug, 2016

SINGAPORE:- Oil prices tumbled in Asia Monday on a strong dollar and after key OPEC producers downplayed the prospects of limiting output at a meeting next month.
Iranian oil minister Bijan ...

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SECP proposes amendments to voluntary pension system rules  [The Nation] 30 Aug, 2016

ISLAMABAD - The Securities and Exchange Commission of Pakistan (SECP) has notified draft amendments to the Voluntary Pension System Rules, 2005, to obtain public opinion.

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PIEDMC’s new chairman vows to set up new industrial estates  [The Nation] 30 Aug, 2016

LAHORE - The Punjab government has appointed Rizwan Khalid Butt as chairman of Punjab Industrial Estates Development and Management Company (PIEDMC) after the resignation of Tahir Javed Malik.

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FBR to brief cabinet on Swiss agreement, OECD convention  [The Nation] 30 Aug, 2016

ISLAMABAD - The government has decided to take federal cabinet on board on recent developments on checking tax evasion and retrieving black money of around $200 billion stashed into Swiss bank ac ...

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Stock market remained under pressure during first 3 days  [The Nation] 29 Aug, 2016

Lahore - The stock market remained under pressure during the first three days of the week.

However, recovery was witnessed in the days to follow with smoo ...

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PEW smells foul play in agri credit use  [The Nation] 29 Aug, 2016

ISLAMABAD - The Pakistan Economy Watch (PEW) on Sunday said landed nobility continued to misuse cheap agricultural credit, thus barring growth of this vital sector.

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Zealcon and UET sign MoU  [The Nation] 29 Aug, 2016

Lahore - Zealcon Engineering and University of Engineering & Technology (UET) have signed a Memorandum of Understanding (MoU) to offer 'Business Communication' as a post-graduate subject to t ...

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Property transfer business nosedives since last budget  [The Nation] 29 Aug, 2016

LAHORE - The business of property transfers has nosedived since the announcement of the new evaluation system and imposition of fresh taxes on real estate sector in the budget for 2016-17.
< ...

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Smart phones for small farmers in Punjab  [The Nation] 29 Aug, 2016

LAHORE:- The Punjab government has decided to provide smart phones to five million small farmers to educate them on the modern farming techniques.
In an ...

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Power sector circular debt surpasses Rs684b  [The Nation] 29 Aug, 2016

ISLAMABAD - Islamabad Women Chamber of Commerce and Industry (IWCCI) on Sunday expressed serious concern over escalating power sector circular debt, which, she said, had crossed Rs684 billion for ...

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Remittances register decline of more than 36pc  [The Nation] 29 Aug, 2016

Lahore - As the remittances have registered a decline of more than 36 percent, the All Pakistan Business Forum (APBF) has suggested to the government to announce incentives for oversees Pakistani ...

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Minister lists govt’s initiatives for boosting textile exports  [The Nation] 28 Aug, 2016

LAHORE - Federal Minister for Information and Broadcasting Pervez Rashid has said the present government has put the economy on the right track through industry friendly policies.

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‘Punjab govt supports public-private initiatives’  [The Nation] 28 Aug, 2016

RAWALPINDI - Provincial Minister for Trade, Industry and Investment Chaudhry Muhammad Shafique visited the Rawalpindi Chamber of Commerce and Industry (RCCI) on Saturday.

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Govt to borrow loans to repay Mush-era debt  [The Nation] 28 Aug, 2016

ISLAMABAD - The government has initiated the process to issue $750 million worth of Sukuk bonds in international market to repay the debt borrowed by Pervez Musharraf government in 2007 at 6.

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Bankers welcome Urjit Patel as RBI chief  [The Nation] 28 Aug, 2016

New Delhi - Banking industry captains welcomed Urjit R.
Patel as Raghuram Rajan`s successor at the Reserve Bank of India (RBI).

The government on Sa ...

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