Archive for the ‘Business’ Category
Govt to bring legislation to protect investment: Minister
LAHORE: Federal Minister for Investment Senator Waqar Ahmed Khan has said that government has decided to bring legislation for the protection of investment for next ten years in the country. Speaking at Lahore Chamber of Commerce and Industry on Tuesday, he said, “The government will not only give full protection to the investments, bilateral trade [...]
Buying spree continues at Karachi Stock Exchange
KARACHI: Buying spree further strengthened market at Karachi Stock Exchange (KSE) as 100‑Index surged by 156.97 points to close at 6074.87 on Tuesday, dealers said. The turnover volume dropped to 165.193 million shares as 147 scrips recorded gains while 133 sustained losses and 5 remained unchanged. A dealer at a leading brokerage house said that [...]
Pakistan’s banking sector remains strong: report
KARACHI: The Pakistani banking sector has remained remarkably strong and resilient during the last 18 months but the excessive dependence of economy on banking system is quite stark in comparison with the other emerging economies, said Financial Stability Review 2007-08 released by the State Bank of Pakistan (SBP) here. Pakistan’s banking sector has remained remarkably [...]
Trade body for more dams to meet power needs, save industry
LAHORE, (APP): Federation of Pakistan Chamber of Commerce & Industry (FPCCI), an apex body of business chambers in the country, Saturday urged the need for immediate construction of water reservoirs and dams to meet increasing power shortage. Speaking at a round table discussion on “The impact of power shortage on national economy” FPCCI president Tanvir [...]
Pakistan meets all IMF targets
KARACHI, (APP): Advisor to PM on Finance Shaukat Tarin said Saturday that the country has met all the targets set by International Monetary Fund (IMF). He was talking to media after holding meeting with the management of Pak‑Oman Investment Company Ltd at FTC building. He said that the government borrowing was restricted to Rs 242 [...]
15% Tax GDP ratio must to maintain 7% economic growth : Tareen
KARACHI, (APP): Advisor to Prime Minister on Finance, Revenue and Economic Affairs, Shuakat Tareen has underlined the need for bringing all kind of income under tax net to ensure high rate of economic growth. “ We need 15% tax‑GDP ratio only to maintain economic growth at around 7 percent. If we want more economic growth [...]
SECP registers 4,461 companies during 2008
ISLAMABAD, (APP): The Securities and Exchange Commission of Pakistan (SECP) has registered 4,461 companies during 2008, as compared to 4,837 companies registered during last year. The total registration of 4,461 companies during the year, comprising 4,153 private companies, 175 single member companies, 67 public companies, 39 associations not for profit licenced under section 42 of [...]
Plan being chalked out to produce 2378.8 thousand tonnes of maize in 2008-09
ISLAMABAD: The Ministry of Food, Agriculture and Livestock (Minfal) is chalking out a plan to cultivate maize crop over 1001.2 thousand hectare to produce 2378.8 thousand tonnes of maize to fulfill the domestic maize consumption during the year 2008-09. An official in the Minfal said here Saturday that maize is an essential food crop which [...]
Rates for conversion of FCD, DBC/FCBC, US dollar bonds
KARACHI (APP): The following rates will be applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special U.S. Dollar Bonds and profits thereon by all banks and for providing Forward Cover on Foreign Currency Deposits (excluding F.E.25 deposits) by the State Bank on 5th May, 2008. The rates [...]
Pakistan to organize single country Gems and Jewellery Exhibition in Houston-USA
Islamabad: Pakistan Gems and Jewellery Development Company (PGJDC) has planned to organize single country Gems and Jewellery Exhibition in Houston, USA in collaboration with Pakistan Chamber of Commerce USA (PCC-USA). In this regard a Memorandum of Understanding (MoU) between PGJDC and PCC-USA has been finalized. The prime motive of the MoU reflects the commitment towards [...]

