Pakistan Business News

General
- HUBCO announces earnings of Rs2.59 per share in 1HFY12
  
  21 hours ago | 0 comment
  
  ISLAMABAD, Hub Power Company (HUBC) announced unconsolidated earnings of Rs2.59 per share during 1HFY12, higher than market estimates. Thus, 1HFY12 [...]
- Integrated Check Post to open February 13 at Attari, Wagah borders
- Credit Ratings of Standard Chartered Leasing Limited upgraded
- Pak-Mexico mull to deepen trade ties: Yassar Sakhi Butt

World
- ECB in ‘wait-and-see’ mode after unprecedented moves
  
  5 hours ago | 0 comment
  
  FRANKFURT- The European Central Bank will hold borrowing costs steady Thursday after cutting rates twice in recent months and providing unprecedented [...]
- China inflation rises to 4.5% in Jan
- India’s Bharti profit dives 22%, stock tumbles
- India auto sales climb 7.2% in January: industry
Budget
- KESC concerned over rising copper wire theft
  
  3 days ago | 0 comment
  
  Hyderabad : Karachi Electric Supply Company (KESC) has expressed concern over the recent surge in the theft incidents of its extra high tension [...]
- SAARC member states must work together to strengthen economic ties, accelerate development
- Zahid Husain Memorial Lecture Best way to use finance is to promote well-being of poor: Prof. Banerjee
- Pakistan’s total liquid foreign exchange reserves $16658.0mln
Banking
- State Bank asks MFBs to report quarterly un-audited Capital Adequacy Returns
  
  17 hours ago | 0 comment
  
  Karachi : State Bank of Pakistan SBP Wednesday advised all Microfinance Banks (MFBs) to report their quarterly un-audited Capital Adequacy returns [...]
- SBP conversion rates
- Condition to obtain succession certificate from legal heirs of deceased account holders valuing up to Rs 100,000 waived
- State Bank renews status of ECAIs
Agriculture
- Indian government urged to export grapes to Pakistan
  
  3 days ago | 0 comment
  
  New Delhi : Grape Exporters Association of India has urged its Commerce Ministry to add grapes to current list of Indian exports that go to Pakistan. President [...]
- MoA urged to promote bio agri fertilizer tech
- Rice Outlook Global 2011-12 slightly raised production, consumption, ending stocks
- UNISAME for upgrading Salt industry
Cotton & Textiles
- Pakistan textile, clothing exports to US not growing at desired pace
  
  8 days ago | 0 comment
  
  Karachi, United States is one largest market for Pakistan’s textile and clothing products. US market is currently going through turbulent times [...]
- Textile Exporters Association urges government subsidize alternative fuels
- Huntsman sets up Formulation, Distribution Center in Karachi
- India EU support on textiles can’t help Pakistan
Energy
- Global renewable energy investors eyeing Asia
  
  21 hours ago | 0 comment
  
  Karachi, Global renewable energy investors are increasingly looking to Southeast and South Asia, lured by investment incentives rolled out by governments [...]
- Pakistan’s overall power generation during 2011-16 expected to increase by 143GW
- India, Pakistan say strategy soon for gas import from Turkmenistan
- India seeks Pakistan nudge on vexed TAPI gas pipeline deal
Telecom
- PTCL double balance offer
  
  21 hours ago | 0 comment
  
  Karachi, Pakistan Telecommunication Company Limited (PTCL) has launched an exciting Vfone Double Balance offer for its customers to recharge [...]
- PTCL trains 29 young engineers
- PTCL’s One Wire brings it all
- PTCL introduces new affordable service packages
Info & Tech
- Wi-tribe becomes ICAEW approved employer
  
  56 days ago | 0 comment
  
  Karachi : wi-tribe Pakistan which offers global reach with a local flavor joins hands with a qualification that is valued in practice, business [...]
- Indian IT chief launches salvo at gov’t: report
- PIA air ticket payment through Telenor Easypaisa outlets
- CM Punjab inaugurates Pakistan’s First Biotech Company
Taxation
- 1% Withholding Tax on goods imported for zero rated regime: FPCCI
  
  3 days ago | 0 comment
  
  Karachi : Vice President (Elect) & Chairman FPCCI Standing Committee on Liaison with FBR Shakeel Ahmed Dhingra appreciated Shahid Asad Member [...]
- FPCCI says CNIC/NTN Condition under SRO 821(I)/2011 relaxed
- Government determined to bring 700,000 evaders into tax net
- FBR issues notices to a Tobacco company for tax evasion
Features
- Pakistan’s economic outlook is “positive”: Asian Development Bank
  
  120 days ago | 0 comment
  
  Islamabad, Pakistan’s economic outlook is “positive” and should adhere to national economic reforms to overcome challenges, says new Country [...]
- Pakistan Forex reserves reach record high of $ 17.3 billion: Hafeez Shaikh
Khyber Pakhtunkhwa
- ICCI shows concern over persistent devaluation of Rupee
  
  62 days ago | 0 comment
  
  ISLAMABAD, Continuing downslide of rupee has put a very negative impact on the economic growth of the country, badly hitting all the important areas [...]
- KP budget: Salaries go to 15%, pension 20%
- Govt allocates Rs. 661.000 mln for Mines & Minerals
- The saliient features of KP budget 2011-2012
Punjab
- Punjab: Post Budget Seminar
  
  122 days ago | 0 comment
  
  LAHORE, The Regional Tax Office (RTO) Lahore has claimed to collect over Rs 20 million during the last six months from unregiestered major restaurants [...]
- Budget not as per expectations: VP FPCCI
- Budget not as per expectations of poor, business community
- Punjab govt presents Rs 654.96b budget
Balochistan
- Balochistan govt increases education share by 11 percent in budget 2011-12
  
  122 days ago | 0 comment
  
  QUETTA: Balochistan government has allocated Rs. 19.256 billion for education sector in its annual budget for fiscal year 2011-12. Speaking during [...]
- Balochistan govt allocates over Rs. 29 billion under PSDP 2011-12
- Balochistan approves budget 2011-12
- Rs152bn Balochistan Budget 2010-11 approved
Sindh
- Recurrent budget of education in Sindh increases by 15 %
  
  122 days ago | 0 comment
  
  KARACHI: The recurrent budget for education in the fiscal year 2011-12 has been increased by 15 percent. This was announced by Sindh Minister for [...]
- Sindh Govt reactivates 602 non functional hospitals in rural areas
- Sindh Govt. releases Rs 50.399 million for Lyari General Hospital
- Sindh announces Rs 391.9 bln revenue- oriented budget
Federal
- Australia restates long-term commitment with Pakistan
  
  119 days ago | 0 comment
  
  Islamabad: Australian High Commissioner to Pakistan Tim George on Thursday said that his country is committed to development of Pakistan and we will [...]
- Hafeez announces budget of 2011-12 with total outlay of Rs 2767b
- Dr. Firdous congratulates nation on people friendly budget
- Text of Pakistan Budget Speech 2011-2012
Azad Kashmir
- Rs. 44.549 bln AJK budget 2011-12 announced
  
  122 days ago | 0 comment
  
  MIRPUR (AJK): The Azad Jammu and Kashmir (AJK) Government Monday announced Rs. 44.549 billion revenue-oriented budget of the state for next fiscal [...]
Gilgit Baltistan
- Rs.15.242 billion budget presented for GB
  
  122 days ago | 0 comment
  
  GILGIT: The Pakistan Peoples Party Government presented Rs.15.242 annual budget of Gilgit-Baltstan as Finance Minister Muhammad Ali Akhtar read out [...]

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