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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Thursday asked the women entrepreneurs to register their businesses as companies to ensure permanence, credibility, longevity and stature. Speaking at a workshop organized by Islamabad Women Chamber of Commerce and Industry (IWCCI), SECP Executive Director Nazir Ahmed Shaheen, Joint Registrar Anas Noman, Muhammad Akram Qureshi and Muhammad Qasim said that a company is the most enduring legal corporate structure having unlimited life. They were of the view that registration of businesses will help promotion and documentation of economy, and contribute towards national development. In addition, capital can be easily raised by a company by selling shares and acquiring loans, they said adding that companies have better access to local, regional and global markets. Women should not loose opportunities to redefine their future as larger organizations prefer to deal with companies rather than non-corporate entities. SECP representatives said that female contribution to economy is great while ...

HAMID WALEED LAHORE: The power shortfall on Wednesday surged to 6,000MW triggering power breakdowns in the country and leading to withdrawal of exemption from load shedding to the textile industry. Pakistan Electric Power Company (Pepco) sources said relatively less Irsa indent and dead level at Tarbela Dam were the main cause of the power shortfall. They claimed the shortfall was not more than 4000MW. Power generation through hydel, thermal and IPPs was recorded at 3,779MW, 1,829MW and 6,452MW, ...
ISLAMABAD: The Pakistan Telecommunication Company Limited (PTCL) has upgraded its "Pakistan Plus Package", now giving more free minutes, exceptional voice quality and free conference calling facility to its customers. PTCL customers can now avail never-ending on-net 1,100 nationwide free minutes along with conference call facility at minimal charges of Rs.249 per month. With the new Pakistan Plus Package, PTCL landline customers can also enjoy the liberty of nationwide unlimited free calls from PTCL to PTCL and Vfone ...
KARACHI: Shipping remained active at the Qasim port during last 24 hours says a Port Authority's statement issued here Monday said. A ship carrying containers was allotted berth at the International Containers Terminal on Sunday. Meanwhile two more ships scheduled to offload Bitumen and Diesel oil also arrived at outer anchorage during last 24 hours. Berth occupancy remained only 28pc on Monday where total number of three ships namely MV. Tempa Bay, India Fortune and Arailah-I were ...
ISLAMABAD: Engineering Development Board (EDB) claims that it is inching towards an agreement with the local auto industry on a 10 year Auto Industry Development Plan 2012-22 especially on Complete Built Unit (CBU) duty rates - a threat to an industry long prolonged well informed sources told Business Recorder.  This was the outcome of two separate meetings held in which EDB officials, auto industry and Secretary Industries, Aziz Ahmad Bilour participated.  However, confirmed reports suggest that Chairman ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln