Business
Saturday, June 2, 2012
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Main focus on GDP growth
ISLAMABAD, June 1: The government set the GDP growth target at 4.3 per cent under the Annual Plan for 2012-13…
Rs873bn PSDP: Ambitious allocation for ongoing projects
ISLAMABAD, June 1: The next year’s Rs873 billion development programme includes a federal share of Rs360 billion, including provincial annual…
Neutral for the stock market
KARACHI, June 1: Not much could be gleaned from the speech of the Finance Minister, Dr Abdul Hafeez Shaikh, on…
Budget proposals ‘mediocre’
KARACHI, June 1: Trade and industry expressed its reservations over the Federal Budget 2012-13 proposals presented by Finance Minister Dr…
Rs209bn to be spent on subsidies
ISLAMABAD, June 1: The government set aside Rs208.59 billion to be doled out in subsidies to support the power sector…
Devaluation may offset ST relief
KARACHI, June 1: The government’s decision to reduce sales tax on tea imports to five per cent from 16 per…
18 per cent raise in revenue target
ISLAMABAD, June 1: The target for tax revenue receipts set by the Federal Board of Revenue (FBR) for the next…
Budget deficit to shake exchange rate
KARACHI, June 1: Huge budget deficit will once again trigger the inflation and devalue local currency as the country witnessed…
Share prices recover 90 points
KARACHI, June 1: Share prices at the Karachi stock market recovered 90.35 points, from the previous two days of losses.…
Malaysian palm oil prices drop
SINGAPORE, June 1: Mala-ysian palm oil prices dropped to their lowest level in a week on Friday as investors worried…
Export of fish to EU may resume this year
ISLAMABAD, June 1: Exp-ort of fish and fishery products to the European Union which was suspended in 2007 is expected…
LCCI terms budget business-friendly
LAHORE, June 1: The Lahore Chamber of Commerce and Industry (LCCI) on Friday termed the federal budget business and industry…
Conversion rates
KARACHI: The following are June 2, State Bank conversion rates for foreign currency deposits, dollar bearer certificates, foreign currency bearer…
Budgetary measures to benefit textile industry
LAHORE, June 1: The All-Pakistan Textile Mills Association (Aptma) has welcomed the federal budget 2012-13, saying most of its demands,…
Poultry rates
KARACHI, June 1: The following are Saturday’s maximum poultry rates issued by the Pakistan Poultry Association:
EGGS (wholesale) per 30…
Port Qasim
KARACHI, June 1: Four ships carrying containers, chemicals and furnace oil were berthed during the last 24 hours, said a…
Asian markets fall on weak data
HONG KONG, June 1: Asian markets fell on Friday and the euro hit a near two-year low against the dollar…
Taxation proposals
ISLAMABAD, June 1: Finance Minister Dr Abdul Hafeez Shaikh unveiled budget proposals for fiscal year 2012-13 in his speech at…
European stocks, euro extend losses
LONDON, June 1: European stock markets slumped again and the euro hit a 23-month low versus the dollar on Friday…
Economic Survey 2011-12: Manufacturing expands 3.56pc
ISLAMABAD, May 31: Despite energy shortfall, the manufacturing sector performed well in the outgoing fiscal year mainly driven by domestic…
Commodity data at variance with market rates
KARACHI, May 31: The prices of 22 essential commodities quoted by the Economic Survey 2011-2012 for July-April period do not…
Equity market performs well
ISLAMABAD, May 31: The stock market performed well in the outgoing fiscal year as the KSE 100-index touched the four-year…
Exemptions deprive kitty of Rs185.4bn
ISLAMABAD, May 31: At a time when Pakistan is under immense pressure to improve its abysmally low tax-to-GDP ratio, the…
Five-year average growth at record low
KARACHI, May 31: Analysts and economists were pouring over the figures presented in the Economic Survey 2011-12 till late in…
Inflation contained at 12pc
ISLAMABAD, May 31: The government is all set to achieve the target of controlling inflation that was contained at 12…
Conversion rates
KARACHI: The following are June 1, State Bank conversion rates for foreign currency deposits, dollar bearer certificates, foreign currency bearer…
Public debt soars 12.3pc
ISLAMABAD, May 31: Pakistan’s public debt witnessed an increase of 12.3 per cent in the first nine months of the…
Bearish spell continues on stock market
KARACHI, May 31: Stocks further pummelled on the Karachi stock market on Thursday as the KSE-100 index lost another 85.14…
Trading picks up on cotton market
KARACHI, May 31: Trading activity gained momentum on the cotton market on Thursday as mills indulged in active buying at…
Strict monitoring of exchange companies
KARACHI, May 31: State Bank has asked the exchange companies to strictly follow the instructions to combat money-laundering and terrorist…
