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Business & Economy

Business & Economy

FBR told to make proposals for greater transparency

SOHAIL SARFRAZ%D%A%D%AISLAMABAD: Special Assistant to the Prime Minister on Revenue, Haroon Akhtar Khan on Wednesday directed the Federal Board of Revenue (FBR) to make policy proposals for bringing transparency in audit selection procedure and disclosure

Published 09 Feb, 2017 07:44am

Business & Economy

Pakistan to surpass Canada's economy by 2050

ISLAMABAD: A report by management consultancy PricewaterhouseCoopers forecasts that Pakistan could surpass the Canadian economy by 2050.

Published 08 Feb, 2017 08:08am

Business & Economy

Pakistan, ADB sign $325mn clean energy agreement

ISLAMABAD: Pakistan and Asian Development Bank (ADB) Tuesday signed a loan agreement US$325 million to improve facilities in education and health sectors of Khyber Pakhtunkhwa and Punjab by providing clean energy.

Published 07 Feb, 2017 01:36pm

Business & Economy

Pakistan faces trade deficit of $11.751bn

%DAMIR SAEED%D%A%D%AISLAMABAD: The country is faced with a trade deficit of $11.

Published 07 Feb, 2017 09:57am

Business & Economy

CPEC pie eyed: Bahrain to push GCC for dialogue with Pakistan

%DLI HUSSAIN%D%A%D%AISLAMABAD: Showing keen interest in China-Pakistan Economic Corridor (CEPC), Bahrain Monday pledged to push the Gulf Cooperation Council (GCC) - a six-member regional intergovernmental political and economic union - to initiate strateg

Published 07 Feb, 2017 09:25am

Business & Economy

Parliamentary panel told: Sui needs higher investment

WASIM IQBAL%D%A%D%AISLAMABAD: A parliamentary panel was informed on Monday that gas production continues to decline from the Sui Field and its deposits would be available till 2025.

Published 07 Feb, 2017 07:03am

Business & Economy

Pasha disputes Dar's claim of economic growth

%D%AZAHEER ABBASI%D%A%D%AISLAMABAD: Former Advisor to Prime Minister on Finance Dr Hafeez Pasha expressed reservations over the claim made by Finance Minister Ishaq Dar that the Pakistans economy was moving towards improvement.

Published 06 Feb, 2017 11:11am

Business & Economy

Pakistani Kinnow Week organised in Jeddah

ISLAMABAD: Commercial Section of the Consulate General of Pakistan Jeddah has organised a one-week citrus promotional campaign on February 2-8, at MANUEL Super Market.

Published 04 Feb, 2017 09:39am

Business & Economy

Soyabean oil import reduces by 42.69pc, palm oil increases 1.73pc

ISLAMABAD: Soyabean oil import into the country during first half of current financial year reduced by 42.

Published 03 Feb, 2017 10:22am

Business & Economy

Establishment of infrastructure finance bank proposed

ZAHEER ABBASI%D%AISLAMABAD: The cash-starved government has reportedly proposed establishment of an infrastructure finance bank in partnership with international financial institutions (IFIs) to finance mega infrastructure projects in private sector.

Published 03 Feb, 2017 10:11am

Business & Economy

Foreign investors taking interest in Pakistan: Miftah Ismail

ISLAMABAD: Chairman Board of Investment (BoI), Dr Miftah Ismail Thursday said that foreign investors were keen to invest in various sectors of Pakistan.

Published 02 Feb, 2017 04:45pm

Business & Economy

Tea import decreases 5.45pc in first half

ISLAMABAD: Tea import into the country during first half of current financial year decreased by 7.

Published 02 Feb, 2017 09:39am

Business & Economy

Govt realizes all Rs172,870mn of 5 divestment proceeds in 3 years

ISLAMABAD: No amount is outstanding as the government has realized full proceeds relating to privatization transactions of five public sector entities during the past three years, amounting to Rs172,870.

Published 02 Feb, 2017 09:02am

Business & Economy

Property deals: top FBR officials irked by low collection

SOHAIL SARFRAZ%D%A%D%AISLAMABAD: The Federal Board of Revenue (FBR) has expressed serious concern over exceptionally low collection of withholding tax from immovable property transactions where 3 percent of the differential amount between the FBRs prescri

Published 02 Feb, 2017 07:28am

Business & Economy

Pakistan inflation rate falls to 3.66pc

ISLAMABAD: Pakistan's inflation rate eased to 3.

Published 01 Feb, 2017 08:21am

Business & Economy

PM's export package does not cover non-textile sectors

%D%ATAHIR AMIN & SOHAIL SARFRAZ%D%A%D%AISLAMABAD: Prime Minister's package for exporters notified by the Ministry of Textile Industry and Federal Board of Revenue (FBR) does not cover non-textile sectors -- surgical, sports, leather and carpets -- cre

Published 31 Jan, 2017 10:43am

Business & Economy

Sale of imported, commercial cars increases by 5pc

ISLAMABAD: An increase of five percent has been recorded in the sale of old and light commercial cars that were imported in last three years.

Published 31 Jan, 2017 07:41am

Business & Economy

SERVICES TRADE DEFICIT UP BY 34 PERCENT ON ABSENCE OF CSF INFLOWS

RECORDER REPORT%D%AKARACHI: In the absence of Coalition Support Fund (CSF) inflows, the country's services trade deficit continued to move up and swelled by 34 percent during the first half of this fiscal year (FY17).

Published 31 Jan, 2017 06:45am

Business & Economy

Seafood of $183.451mn, meat $105.690mn exported in 6 months

ISLAMABAD: Fish and fish preparations worth of $183.

Published 30 Jan, 2017 10:02am

Business & Economy

Pak Kinnow week in Jeddah from Feb 2

ISLAMABAD: Commercial Section of the Consulate General of Pakistan, Jeddah is organizing a 8-days citrus promotional campaign from Feb 2 at Manuel Supermarket which would include in-store promotion and display of citrus.

Published 30 Jan, 2017 08:24am

Business & Economy

Pak exports to European Union up 37pc

ISLAMABAD: Pakistan's exports to the European Union (EU) soared 37 percent during the last three years on the back of generalised scheme of preferences (GSP) plus status, the Commerce Minister has revealed.

Published 30 Jan, 2017 08:17am

Business & Economy

FBR GETS NO RESPONSE FROM ANY TAX HAVEN

SOHAIL SARFRAZ%D%AISLAMABAD: The Federal Board of Revenue (FBR) has not received any response from nine foreign jurisdictions/tax havens about those having offshore companies/entities in Panama and the Bahamas.

Published 30 Jan, 2017 06:47am

Business & Economy

SPI-based inflation up by 0.16pc

ISLAMABAD: The weekly inflation for the week ended on January 26 for the combined income group increased by 0.

Published 28 Jan, 2017 01:38pm

Business & Economy

Gwadar, Chabahar ports: Pakistan, Iran agree to expand cooperation: Boroujerdi

ALI HUSSAIN%D%AISLAMABAD: Chairman for the Committee for Foreign Policy and National Security of Iran, Allauddin Boroujerdi on Friday said that Pakistan and Iran have agreed to expand co-operation between Gwadar and Chabahar ports with a view to connect t

Published 28 Jan, 2017 07:50am

Business & Economy

FBR refuses to share audit parameters

RECORDER REPORT%D%AISLAMABAD:Federal Board of Revenue (FBR) has refused to share risk-based parameters used for selection of cases for audit (Tax Year 2015) under a new audit policy and stated that parameters were declared confidential through an amendmen

Published 28 Jan, 2017 07:00am

Business & Economy

Wheat exports post 100pc increase in first half

ISLAMABAD: Wheat exports from the country during first six months of current financial year witnessed 100 percent increase as compared to the exports of the corresponding period of last financial year.

Published 27 Jan, 2017 08:16am

Business & Economy

Steps being taken to surpass 330,000 tons Kinnow exports

ISLAMABAD: Minister for National Food Security and Research, Sikandar Hayat Khan Bosan on Thursday said steps were being taken to surpass last year's kinnow exports of around 330,000 tons.

Published 26 Jan, 2017 10:20am

Business & Economy

Momentum Tech Conference: Where ideas meet investment

Looking to launch your startup, raise money and learn about starting a company? Then Momentum Pakistan is the place for you! The 2-day startup conference and exhibition is a must-attend for iconoclastic doers from around Pakistan who share a common intere

Published 26 Jan, 2017 09:38am

Business & Economy

901 cases of tax evasion, frauds involving Rs 53 billion detected

RECORDER REPORT%D%AISLAMABAD: Directorate General of Intelligence and Investigation Inland Revenue (IR), Federal Board of Revenue (FBR) has detected 901 mega cases of tax evasion, concealment/tax frauds and cases of high net individuals involving Rs 53 bi

Published 26 Jan, 2017 07:13am

Business & Economy

Pakistan for increased cooperation with Japan; talks on FTA

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Wednesday said Pakistan is looking forward to greater levels of cooperation with Japan in trade, investment, infrastructure and energy and called for initiation of negotiations on the bilateral Free Trade Ag

Published 25 Jan, 2017 12:39pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 18	278.62
USD PKR Interbank Buying / Apr 18	278.32
USD to Japanese Yen / Apr 18	154.61
USD to Swiss Franc / Apr 18	0.91
Pound Sterling to USD / Apr 18	1.24
Euro to USD / Apr 18	1.06

Stock	Volume
S&P 500 / Apr 18	5011.12
India Sensex / Apr 18	72488.99
Tokyo Nikkei / Apr 18	37716.66
Nasdaq / Apr 18	15601.50
Hang Seng / Apr 18	16385.87
FTSE 100 / Apr 18	7877.05
Dow Jones / Apr 18	37775.38
Germany DAX 30 / Apr 18	17837.40

Item	Value
Crude Oil USD/Barrel / Apr 18	82.64
Karachi Cotton PKR/37.32 KG / Apr 18	21735
Gold 10 Grams PKR / Apr 18	214077
Gold Spot USD/Ounce / Apr 18	2374.36
Cotton US¢/pound / Apr 18	80.61
Petrol/Litre / Apr 19	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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