Business

ISE-10 stays bullish

Suhaib Hakimi — Tue, 21 Feb 2012 06:00:25 +0000

ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Monday witnessed bullish trend as the index was up by 4.46 points to close at 2767.72 as compared to the previous day's trading.

LSE witnesses bearish trend

Suhaib Hakimi — Tue, 21 Feb 2012 06:00:24 +0000

LAHORE: Lahore Stock Exchange on Monday witnessed bearish trend with losing 9.39 points, following the LSE-25 index opened with 3315.87 and closed at 3306.48 points.

Gold improves to Rs 50,442 per 10 grams

Suhaib Hakimi — Tue, 21 Feb 2012 06:00:23 +0000

KARACHI: Gold improved by Rs 85 to close at Rs 50,442 per 10 grams in the local market Monday as its international price..

Govt asked to review agriculture policies

Rafi Anwar — Tue, 21 Feb 2012 06:00:20 +0000

LAHORE: Hike in prices of agriculture inputs has badly affected the yield of crops, said Kisan Board Pakistan (KBP) President Sardar Zafar Hussain.

0.2m tons kinnow exports expected ongoing season

Siddiq Rabi — Tue, 21 Feb 2012 00:00:32 +0000

ISLAMABAD: The kinnow exports are expected to reach 0.2 million metric tons during the ongoing season, trade experts said, stressing the need for adopting modern techniques to achieve...

Meezan Bank network to cross 300 branches by end of March

Rajab Tahir — Tue, 21 Feb 2012 00:00:29 +0000

KARACHI: The branch network of the Meezan Bank Limited (MBL) in Pakistan would cross the figure of 300 by the end of March.

Prices of essential items show upward trend

Siddiq Rabi — Sun, 19 Feb 2012 19:41:28 +0000

ISLAMABAD: The prices of most of the essential kitchen items increased during the week past as compared to the preceding week, revealed a survey conducted by Business Recorder...

$2 billion LNG project may be disrupted

Jalil Idris — Sun, 19 Feb 2012 15:01:26 +0000

ISLAMABAD: The laid down procedure on the May 2011 LNG project valued at over $2 billion is being changed midway. The Ministry of Petroleum and Natura...

BoK assets reached Rs68bn

Rajab Tahir — Sun, 19 Feb 2012 06:00:26 +0000

LAHORE: Assets of Bank of Khyber (BoK) reached Rs 68 billion till December 31, 2011. This was stated by BoK Managing Director Bilal Mustafa while inaugurating the annual managers...

New FEMA rules may allow Pakistani investment in India

Siddiq Rabi — Sun, 19 Feb 2012 00:01:05 +0000

NEW DELHI: In a major step forward towards normalizing business ties, Indian government plans to bring changes in Foreign Exchange Management Act (FEMA) to allow investments from Pakistan,...

Tax frauds: FBR implements new preventive system

Siddiq Rabi — Sat, 18 Feb 2012 21:00:31 +0000

ISLAMABAD: The Federal Board of Revenue (FBR) for the first time implemented a new preventive system, which has enabled the tax officials to stop processing suspected refund...

LPG prices down by Rs 5/kg

Rafi Anwar — Sat, 18 Feb 2012 21:00:27 +0000

ISLAMABAD: Liquefied Petroleum Gas prices have been reduced by Rs five per kg i.e. Rs65 per domestic cylinder and Rs250 per commercial cylinder, effective from Friday.

Pakistan to participate in Int'l Fibres, Yarns fair in China

Rafi Anwar — Sat, 18 Feb 2012 09:00:23 +0000

BEIJING: Pakistan will participate in the China International Trade Fair for Fibres and Yarns to be held next month, the organizers of the event said. At the 3-day exhibition, around 130...

Gold improves to Rs 50,442

Suhaib Hakimi — Sat, 18 Feb 2012 06:00:31 +0000

KARACHI: Gold surged by Rs 300 to close at Rs 50,442 per 10 grams in the local market Friday as its international price improved to $ 1,731 an ounce, market sources said.

Pakistan to participate in China International Trade Fair

Siddiq Rabi — Fri, 17 Feb 2012 21:00:40 +0000

BEIJING: Pakistan will participate in the China International Trade Fair for Fibres and Yarns to be held next month, the organizers of the event said.

Textile products have great potential of finding more space in European market: Envoy

Siddiq Rabi — Fri, 17 Feb 2012 09:00:29 +0000

ISLAMABAD: Ambassador of Pakistan to Paris, Shafkat Saeed has said that Pakistani textile products have great potential of finding more space in European markets.

Mining sector calls for trade relations with Sudan

Siddiq Rabi — Fri, 17 Feb 2012 09:00:28 +0000

PESHAWAR: A delegation of the stakeholders of mining sector and Pakistan Stone Development Company (PASDEC) officials called on Sudanese diplomats Mohamed Eldei Ali, Counselor, and Muaawia...

Gold closes lower at Rs 50,142 per 10 grams

Suhaib Hakimi — Fri, 17 Feb 2012 06:00:29 +0000

KARACHI: Gold slipped by Rs 43 to close at Rs 50,142 per 10 grams in the local market Thursday as its international price dropped to $ 1,717 an ounce, market sources said.

WAPDA signs Rs611.40mn agreement for detailed engineering design of Munda Dam

Siddiq Rabi — Fri, 17 Feb 2012 06:00:26 +0000

PESHAWAR: In yet another significant move towards hydro development in the country, the Water and Power Development Authority (WAPDA) on Thursday signed an agreement worth Rs 611.50...

Foreign exchange reserves rise to $16.77 billion

Rajab Tahir — Fri, 17 Feb 2012 03:00:22 +0000

KARACHI: Pakistan's foreign exchange reserves rose to $16.77 billion in the week ending February 10, compared with $16.69 billion the previous week, SBP said on Thursday.

800mmcfd gas to be added in system by September: Asim

Suhaib Hakimi — Thu, 16 Feb 2012 12:00:25 +0000

ISLAMABAD: Advisor to Prime Minister on Petroleum and Natural Resources Dr Asim Hussain on Wednesday said that around 700 to 800mmcfd gas would be added in the system by September.

Malaysians keen to invest in Pakistan

Siddiq Rabi — Thu, 16 Feb 2012 09:00:29 +0000

ISLAMABAD: Special envoy to the Malaysian Prime Minister on Infrastructure Datuk Seri Samy Vellu, said Malaysians are keen to invest in coal power generation and infrastructure development...

Govt continues structural reforms in economy

Siddiq Rabi — Wed, 15 Feb 2012 03:00:34 +0000

ISLAMABAD: The government has continued to strengthen the process of structural reforms in the economy, focusing on power sector and three key Public Sector Enterprises (PSEs) during the...

Swiss trade with Pakistan increases by 15pc: Envoy

Siddiq Rabi — Wed, 15 Feb 2012 03:00:33 +0000

KARACHI: Switzerland's trade with Pakistan has increased by 15 percent over the last year and is a substantial room for further improvement in the trade. This was stated by the Ambassador...

Chile for boosting trade with Pakistan

Siddiq Rabi — Wed, 15 Feb 2012 03:00:32 +0000

ISLAMABAD: Pakistan and Chile have great potential for trade and investment in many sectors, which need to be exploited through greater co-operation between the two countries.

Kinnow export to increase with Indonesia

Siddiq Rabi — Wed, 15 Feb 2012 03:00:31 +0000

ISLAMABAD: The Preferential Trade Agreement (PTA) signed between Pakistan and Indonesia early this month, is expected to be ratified by the end of March, officials said on Tuesday.

Exports of goods increase, services' exports decrease

Siddiq Rabi — Wed, 15 Feb 2012 03:00:29 +0000

ISLAMABAD: The exports from the country witnessed nominal growth of 0.25 percent during the first seven months of the current fiscal year as against the corresponding period of last year.

Cathay Pacific upgrades reservations system

Rafi Anwar — Wed, 15 Feb 2012 03:00:24 +0000

KARACHI: Cathay Pacific Airway has completed the upgrade of its new passenger reservations system as planned over the weekend.

Pakistani food processors to attend Anuga FoodTec in Cologne

Siddiq Rabi — Wed, 15 Feb 2012 00:00:42 +0000

KARACHI: Tetra Pak, the world leader in food processing and packaging solutions has unveiled its plans for Anuga FoodTec, the world’s largest and most important food and drink exhibition, w...

LSE witnesses bearish trend

Suhaib Hakimi — Tue, 14 Feb 2012 06:01:16 +0000

LAHORE: Lahore Stock Exchange on Monday witnessed bearish trend with losing 7.07 points, following the LSE-25 index opened with 3186.25 and closed at 3179.18 points.