Just in:  

You are here: Home»Pakistan»Business & Economy

Business & Economy


LCCI seeks budget proposals LAHORE: The Lahore Chamber of Commerce and Industry has sought budget proposals from its members.LCCI President Ijaz A Mumtaz said LCCI members, conveners, co-conveners of the LCCI Standing Committees and Lahore based trade & industrial associations should prepare and submit properly worked-out proposals to the LCCI as the Federal Board of Revenue had already started the budget making exercise.The LCCI President also stressed upon the leading businessmen specifically to share their issues with the LCCI so that competent authorities may be convinced to provide required relief.The LCCI president said the Lahore Chamber of Commerce and Industry always forwarded budget proposals of its members to the federal and provincial governments with an objective to create an enabling business atmosphere in the country and it was a good omen that most of proposals forwarded by the LCCI were incorporated in the Federal Budget.Ijaz A Mumtaz said the government would have to rationalize ...

Sale on winter stuff attracts people in capital ISLAMABAD: The diminishing winter season opens good opportunity for the people to take advantage of "winter sales" as almost all the major brands considerably reduced prices of their quality garments, fabrics and shoes etc.Shops put their available stocks on sale to accommodate fresh arrivals for spring and summer seasons. One can buy variety of woolen fabrics, garments, shoes and other accessories including mittens, hats, mufflers, sweaters, shirts, long courts and jackets almost in half of ...
SECP approved Sukuk Regulations, 2015 ISLAMABAD: As part of its mandate to develop the Islamic capital market and to facilitate fund raising through Sharia Compliant financial products, the Securities and Exchange Commission of Pakistan (SECP) has approved the Regulations for issuance of Sukuk here on Thursday.The Sukuk Regulations, 2015 (the Regulations) has been made under Section 506A of the Companies Ordinance, 1984 (the Ordinance),according to statement issued by SECP.The draft of the Regulations was earlier notified for soliciting public comments ...
Collection of additional revenues to help govt: FBR spokesman ISLAMABAD: Spokesman of FBR Shahid Hussain has said that collection of additional 12 percent of revenues was being utilized to provide better infrastructure facilities to the masses.Talking to Radio Pakistan, Shahid Hussain said that economic independence was linked with politics, therefore revenue generation was a significant factor for independent policies of the government.He said the government was endeavoring to expand tax net as data of 2.4 million people who have assets or frequently travelling abroad ...
SECP registered 414 companies in January ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has registered 414 new companies during the month of January.A statement issued by the Commission here Wednesday said that around 91 percent of these were registered as private limited companies, while around 5 percent registered as single member companies, 4 percent of the companies were registered as public unlisted, non-profit associations and foreign companies.The highest numbers of companies including 138 companies were registered in Islamabad, followed ...
SECP allows KSL restricted trading at KSE ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) in exercise of powers conferred under Section 40B, read with Section 20(6)(b) and 20(6)(g) of the SECP Act 1997, directed Karachi Stock Exchange (KSE) to allow KASB Securities Limited (KSL) trading facilities in the ready market here on Wednesday.This decision has been taken on the recommendation of Karachi Stock Exchange (KSE), according to statement issued by SECP.The SECP had stopped the trading facilities of KASB Securities ...
FPCCI elections paves way to reorganize business community at national level: Mian Idrees FAISALABAD: President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Mian Muhammad Idrees has said that elections of FPCCI have paved way to reorganize the business community at national level. He hoped that business leaders from Faisalabad and other small cities would exploit this national platform for the redressal of their genuine issues and problems. Addressing a reception hosted in his honor by Anjuman-e-Tajran Old Electric Motor Market Jhang Road Faisalabad on Monday, he ...


Index Closing Chg%
Arrow DJIA 18,135.72 0.21
Arrow Nasdaq 4,982.81 0.32
Arrow S&P 2,101.04 0.12
Arrow FTSE 6,961.14 0.6
Arrow DAX 11,504.01 1.00
Arrow CAC-40 4,963.51 0.94
Arrow Nikkei 18,751.84 0.26
Arrow H.Seng 24,193.04 1.11
Arrow Sensex 29,448.95 0.23

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $16.137 bln