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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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Higher deficit, low revenue challenge economic growth: SBP  [Dawn News] 31 Dec, 2016

KARACHI: Higher fiscal deficit, sharp decline in non-tax revenue and tax revenue much below expectations are serious challenges for the government willing to spur economic growth, the State Bank of Pakistan (SBP) said ...

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China to fund 4,000MW power transmission line from Matiari to Lahore  [Dawn News] 31 Dec, 2016

State Grid of China will help build a 4,000MW power transmission line in Pakistan in a project valued at $1.5 billion, government said on Friday, the latest in a series of Chinese investments in Pakistan.

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SECP to encourage listing of firms’ securities  [The Nation] 31 Dec, 2016

ISLAMABAD - The Securities and Exchange Commission of Pakistan (SECP) will encourage listing of a company’s securities on an exchange through initial public offering (IPO), which means the first allocation of newly issued ...

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Major policy changes must for higher economic growth: report  [The Nation] 31 Dec, 2016

Lahore -  The country requires structural reforms through major policy changes as without it the economy will continue to perform within a band of low to moderate growth.

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Sunflower, oil seeds over 87,000 acres in Punjab  [The Nation] 31 Dec, 2016

SIALKOT:  The Punjab government has formulated a well-knitted plan for the promotion of sunflower and other oil seed crops in the province. Sources in the agriculture department told APP here on Friday that under the progr ...

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Pakistan, France need to upgrade bilateral trade, investment: Envoy  [The Nation] 31 Dec, 2016

ISLAMABAD -  With a stable economy, improved security situation and liberal investment regime, Pakistan offers many attractive investment opportunities for French businessmen and companies.

...
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LPG rate up by Rs10 per kg  [The Nation] 31 Dec, 2016

LAHORE -  The marketing companies have increased the price of liquefied petroleum gas (LPG) by Rs10 per kg; Rs100 for domestic cylinder and Rs400 for commercial cylinder.

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Chinese company to produce electricity from garbage  [The Nation] 31 Dec, 2016

KARACHI -  The Sindh government has signed a memorandum of understanding (MoU) with a Chinese company to produce electricity from garbage and agricultural waste in Karachi and other parts of th ...

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Index climbs to 47,807 level in year’s last session  [The Nation] 31 Dec, 2016

KARACHI -  The year 2016 ended on a positive note on Friday with PSX index climbing to its highest ever level 47,806.97 points by gaining 140 points or (0.29%).

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NA body for tasking Pakistani missions with finding markets for ...  [The Nation] 31 Dec, 2016

 ISLAMABAD -  A parliamentary committee on Friday expressed concern over declining exports in the last couple of years and directed the Ministry of Commerce to explore international market ...

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Venezuela's biggest bank note gets new stay of execution  [The Nation] 30 Dec, 2016

CARACAS: Venezuelan President Nicolas Maduro again delayed removing the country's largest bank note from circulation Thursday, after a botched plan to retire it triggered violent protests.

The 100-bolivar note will now re ...

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Cabinet committee allows export of 225,000 tonnes of sugar  [Dawn News] 30 Dec, 2016

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday allowed export of 225,000 tonnes of sugar, based on estimates that there would be a surplus of 1.23 million tonnes.

Howeve ...

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Chinese authorities approve inclusion of 3 Sindh projects in CPEC  [Dawn News] 30 Dec, 2016
Members of the Pakistani delegation in Beijing for the JCC meeting. ─ Photo courtesy CPEC website

Chinese authorities have in principle approved inclusion in the China-Pakistan Economic Corridor (CPEC) of three development projects in Sindh including the Karachi Circular Railways, Keti Bandar and Special Economic Z ...

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Cements help index continue record-breaking streak  [Dawn News] 30 Dec, 2016

KARACHI: A broad rally led by the cement sector on Thursday carried the KSE-100 index to its fourth consecutive day of gains.

The benchmark added 242 points, or 0.51 per cent, to close at another all-tim ...

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Financial inclusion improving  [Dawn News] 30 Dec, 2016

ISLAMABAD: Significant growth has been witnessed in branchless banking, agriculture credit, microfinance, SME finance and Islamic banking since the launch of National Financial Inclusion Strategy (NFIS) in May 2015, a ...

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Senate committee clears Benami Transactions Bill 2016  [Dawn News] 30 Dec, 2016

ISLAMABAD: The Senate Standing Committee on Finance approved on Thursday Benami Transactions (Prohibition) Bill of 2016 aimed at prohibiting people from holding assets and properties under others’ or fake names.

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CNG prices go up to Rs70-71 per kg after deregulation  [Dawn News] 30 Dec, 2016

KARACHI: The deregulation of compressed natural gas (CNG) price proved highly shocking for vehicle owners ahead of the New Year as station owners in Sindh have increased the gas price to Rs70-71 per kg from Rs67.50.

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What it means if Trump names China a currency manipulator  [Dawn News] 30 Dec, 2016

WASHINGTON: President-elect Donald Trump has vowed to name China a currency manipulator on his first day in the White House.

There’s only one problem — it’s not true anymore. China, the world’s second-bi ...

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Regulator proposes up to Rs7 a litre increase in POL prices  [Dawn News] 30 Dec, 2016

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has proposed an increase in oil prices for January citing an uptrend on the global market.

A summary of Ogra’s calculations, which has also been for ...

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China to fund 4,000 MW power transmission line from Matiari to Lahore  [Dawn News] 30 Dec, 2016

State Grid of China will help build a 4,000 MW power transmission line in Pakistan in a project valued at $1.5 billion, government said on Friday, the latest in a series of Chinese investments in Pakistan.

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Tokyo down again as Asian markets end volatile year  [The Nation] 30 Dec, 2016

Tokyo retreated again Friday despite Toshiba's shares ending their three-day free fall but Hong Kong rallied as Asian markets brought down the curtain on a volatile year.

With Wall Street inching back further from breachi ...

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Battered Toshiba out of easy options to plug nuclear hole  [The Nation] 30 Dec, 2016

TOKYO: Faced with the prospect of a multi-billion-dollar writedown that could wipe out its shareholders' equity, Japan's Toshiba is running out of fixes: it is burning cash, cannot issue shares and has few easy assets left to s ...

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Oil, metals, developed equities best performers of 2016; emerging ...  [The Nation] 30 Dec, 2016

Oil was the world's best-performing asset class in 2016, after being the worst in each of the two previous years.

Brent crude LCOc1 was on track for a gain of around 50 percent, following a 35 percent tumble in 2015.

< ...
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Indians line up at banks to deposit savings or see them disappear  [The Nation] 30 Dec, 2016

NEW DELHI: Indians lined up outside banks across the country on Friday, the last day for them to deposit their savings or see them become worthless after large denomination notes were scrapped in a bid to fight corruption.

< ...
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China stockmarkets among world's worst in 2016  [The Nation] 30 Dec, 2016

China is the world's second-largest economy and has one of the fastest growth rates of any G20 nation, but its stock markets have been among the worst performing in the world this year.

Starting with a botched attempt to ...

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Global diamond business roiled as cash crunch hits Indian stone ...  [The Nation] 30 Dec, 2016

The global diamond industry is facing disruption that could stretch through the first few months of next year, including Valentine's Day in February, as a result of Indian Prime Minister Narendra Modi's radical move to abolish ...

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Ogra recommends up to 16.02pc hike in PoL prices  [The Nation] 30 Dec, 2016

ISLAMABAD -  The Oil and Gas Regulatory Authority (OGRA) on Thursday recommended the government up to 16.02 percent increase in the prices of PoL products, it is learnt reliably here.

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Admore achieves 461pc volume growth in 2016  [The Nation] 30 Dec, 2016

KARACHI -  A massive turnaround for Admore Gas (Private) Limited was planned and successfully executed in 2016, which included induction of highly qualified and experienced staff, optimisation ...

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Stock market continues upward trajectory  [The Nation] 30 Dec, 2016

KARACHI -  Continuing to follow its bullish streak, the PSX-100 index managed to reach yet another high in Thursday’s trading session as investors exhibit an upbeat sentiment towards loca ...

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Disbursements under PM loan scheme soar to Rs15b  [The Nation] 30 Dec, 2016

LAHORE -  Loan disbursements of the National Bank of Pakistan (NBP) under the Prime Minister Youth Business Loan (PMYBL) scheme rose to approximately Rs15 billion with total number of borrowers ...

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