Pakistan to repay IMF $541.47m by end-June
KARACHI: Pakistan will repay approximately $541.47 million worth of debt to the International Monetary Fund (IMF) by June 30, say analysts. The pa...

Karachi Stock Exchange
Net Change 116.25 Percentage change 0.54% Closing 21,342.65 Opening 21.458.90 Intraday high 21.621.82 Intraday low 21,306.23 Total t...

Power losses likely to reach Rs742bn
ISLAMABAD: The Planning Commission estimates show that the power sector deficit will be ballooned to Rs742 billion ($7.4 billion) in the current finan...

Food exports up by 12.27pc
ISLAMABAD: Food exports increased by 12.27 percent to $3.953 billion during the first 10 months of the current fiscal year as against the same period ...

Nissan to recall 841,000 cars
TOKYO: Japan s number two carmaker Nissan said Thursday it would recall some 841,000 compact cars worldwide due to a steering wheel problem. The re...

Sales tax not to affect unpackaged milk prices
KARACHI: A proposed tax on packaged milk has raised fears in the dairy sector that such a move would lead to a price hike, making it unaffordable for ...

Got milk?
Milk and milk products are nutritious food items containing numerous essential nutrients such as calcium, vitamins and iron. It is the first food that...

FPCCI rejects plan to tax foreign remittances
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has opposed the plan of the revenue authorities to impose tax on inflows...

Accelerated growth to generate few jobs
LAHORE: Entrepreneurs have warned that accelerated growth would create only a few jobs as most of the industries, operating at low capacities, would r...

PM signs Rs11bn bailout package for Pakistan Steel
KARACHI: Pakistan Steel Mills (PSM) reported on Thursday that the caretaker prime minister has signed the Rs11 billion bailout package s summary and s...

FPCCI slams CNG ban for over 1,000cc vehicles
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has opposed the ban on CNG for over 1,000cc vehicles, a statement released o...

Dipping rice exports lamented
KARACHI: Haroon Agar, president of Karachi Chamber of Commerce and Industry (KCCI), has welcomed the signing of 12 agreements between Pakistan and Chi...

Business community opposes mini-budget
KARACHI: The business community of the country has appealed to the President Asif Ali Zardari not to sign the presidential ordinance, which will allow...

Businessmen hope to be consulted in policy matters
KARACHI: The business community of Pakistan has urged the incoming government to consult major chambers of commerce on major policy matters to ensure ...

Oil saving win-win drives Saudi solar power boom
DUBAI: A slide in solar power costs and a surge in oil prices over the last few years has made solar power a win-win strategy for Saudi Arabia: saving...

Africa to display in Lahore again
LAHORE: ‘The Africa Show will be held on May 25 by the Lahore Chamber of Commerce and Industry (LCCI). Ambassadors and high commissioners of Afri...

US labour market improves
WASHINGTON: The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to resilience in the labor...

Pakistan shines at Buffalo Congress
ISLAMABAD: Pakistani buffalo scientists topped among all countries in terms of numbers in making scientific contributions in their presentations in sy...

Siddiqui assumes charge of OGDCL
ISLAMABAD: Masood Siddiqui on Thursday assumed the charge of the managing director and chief executive officer of the Oil and Gas Development Company ...

PCGA to take PMEX to court
LAHORE: Pakistan Cotton Ginners Association (PCGA) has decided to file a lawsuit in the Federal Shariat Court against the Pakistan Mercantile Exchange...

Share fall after import alert
MUMBAI: Shares of Indian drugmaker Wockhardt Ltd fell 20 percent on Thursday to their lowest level in more than seven months, after the US drug regula...

PTCL launches reconnect campaign
ISLAMABAD: Pakistan Telecommunication Company Ltd (PTCL) has launched reconnect campaign to invite customers who had discontinued their usage of PTCL ...

PSMA concerned over 17pc GST
LAHORE: Chairman Pakistan Sugar Mills Association (PSMA) Punjab Riaz Qadeer Butt expressed concern over the imposition of 17 percent general sales tax...

Capable head of FTO demanded
LAHORE: Pakistan Tax Bar Association and Lahore Tax Bar Association have demanded the appointment of a capable person as Federal Tax Ombudsman. Otherw...

SBI Q4 debt restructuring at $1.46 bn
MUMBAI: State Bank Of India, the country s largest lender, restructured 80.9 billion rupees ($1.46 billion) in loans in the January-March quarter, far...

KSE-100 index down by 116 points on profit-taking
The Karachi Stock Exchange benchmark 100 index declined by 116.25 points on Thursday to 21,342.65 points on profit-taking, dealers said. The decline c...

LSE
The Lahore Stock Exchange underwent a minor correction after nine days of constant bullish run, shedding nine points in the LSE-25 index to close at 4...

Engro Corporation
Engro Corporation remained the hot stock of the day with an increase of 4.95 percent in its share prices. Engro Corporation s 16.80 million shares ...

Dewan Cement
Dewan Cement also remained the hot stock of the day with becoming the volume leader. Dewan Cement remained at the top with 49.47 million shares on an ...

Karachi ports handle 158,954 tons of cargo
The Karachi Port and Port Qasim handled a cargo volume of 158,954 tons during the last 24 hours that included 107,031 tons of imports and 51,923 tons ...

Rupee up against dollar
Karachi The rupee posted gains against the dollar in the foreign exchange market on Thursday despite foreign exchange outflows, dealers said. In...

Gold rebounds from losses
Gold climbed off session lows on Thursday after weak Chinese factory activity jolted stock markets in Asia, sending investors back to the precious met...

Cotton trading declines
Karachi Trade turnover of cotton fell to mere 1,500 bales (155 kilograms each) at the local cotton markets after the price of the commodity reverte...

Oil drops below $102
Oil fell below $102 a barrel on Thursday in a broader commodities selloff as a decline in China s factory activity entrenched concern about weak deman...