Sunday, January 16, 2022 13:40

‘Business’ News

Subscribe to RSS feed
Half Pakistani Lawmakers do Not Pay Tax

Half Pakistani Lawmakers do Not Pay Tax

Tuesday, December 24, 2013 12:06

Nearly half Pakistan's lawmakers do not pay taxes, according to a study released on Monday, findings that may endanger the billions of dollars in IMF and other loans and aid shoring up a faltering economy. [caption id="attachment_34374" align="alignnone" width="480"] FBR[/caption] Cracking ...

Tagged with: , ,
Pakistan Forex Reserves Rise to $8.526 Bln

Pakistan Forex Reserves Rise to $8.526 Bln

Monday, December 23, 2013 11:07

Pakistan's foreign exchange reserves rose to $8.526 billion in the week ending December 13 compared to $8.060 billion in the previous week, the central bank said. RESERVES            Week ending   Previous Week  Change/pct ($ billions)        ...

Rupee Strengthens o/n Rates Flat (Pakistani Stocks End Lower)

Rupee Strengthens o/n Rates Flat (Pakistani Stocks End Lower)

Friday, December 20, 2013 10:43

[caption id="attachment_34304" align="alignright" width="239"] Rupee[/caption] Pakistan's main stock exchange closed lower on Thursday, with the benchmark 100-share index of the Karachi Stock Exchange felling 0.20 percent, or 51.82 points, to 25,472.64. With IMF meeting regarding release next tranche of ...

Rupee Strengthens o/n Rates Flat Pakistani Stocks End Higher

Rupee Strengthens o/n Rates Flat Pakistani Stocks End Higher

Thursday, December 19, 2013 11:59

Pakistan's main stock exchange closed higher on Wednesday, with the benchmark 100-share index of the Karachi Stock Exchange rising 0.69 percent, or 174.26 points, to 25,524.46. [caption id="attachment_34288" align="alignright" width="223"] Pakistani Currency[/caption] With momentum continuing and improving ...

Hulu Video Site Revenue will Reach $1 Billion in 2013

Hulu Video Site Revenue will Reach $1 Billion in 2013

Thursday, December 19, 2013 10:38

Revenue from video streaming website Hulu will reach $1 billion in 2013, up from $695 million in 2012, Chief Executive Officer Mike Hopkins said on the company's blog on Wednesday. Earlier this year, Hulu reached 5 million subscribers, Hopkins said. The company is owned by Walt Disney Co, ...

Tagged with: ,
Iranian Firm Offers to Finance Pakistan Side (Gas Pipeline)

Iranian Firm Offers to Finance Pakistan Side (Gas Pipeline)

Tuesday, December 17, 2013 9:53

An Iranian firm has expressed interest in completely financing and constructing Pakistan’s segment of a gas pipeline that will come from Iran, an offer that comes after cancellation of a $500 million loan by Tehran earlier. [caption id="attachment_34227" align="alignright" width="384"]...

South Korea Hyundai Heavy Wins $1.4 Billion Order from Kuwait

South Korea Hyundai Heavy Wins $1.4 Billion Order from Kuwait

Monday, December 16, 2013 10:06

Hyundai Heavy Industries Co Ltd (009540.KS) said on Sunday it won a $1.4 billion contract to build the first phase of the Az-Zour North Independent Water and Power Project (IWPP) in Kuwait from GDF Suez-led consortium. The South Korean shipbuilder and builder, as part of EPC consortium ...

Pakistani Stocks End Higher Rupee Strengthens o/n Rates Rise

Pakistani Stocks End Higher Rupee Strengthens o/n Rates Rise

Saturday, December 14, 2013 10:22

Pakistan's main stock exchange closed higher on Friday, with the benchmark 100-share index of the Karachi Stock Exchange rising 0.74 percent, or 184.69 points, to 25,256.69. The rise was mainly due to Pakistan securing the long awaited duty-free access to European markets, dealers said. Engro Corporation ...

OGRA Issues Warning to OMCs for Fuel Shortage in Southern Punjab

OGRA Issues Warning to OMCs for Fuel Shortage in Southern Punjab

Thursday, December 12, 2013 10:56

[caption id="attachment_34151" align="alignleft" width="384"] Fuel Shortage in Southern Punjab[/caption] The Oil and Gas Regulatory Authority (OGRA) has issued warning to the Oil Marketing Companies (OMC) for shortage of fuel in Southern Punjab, ...

CNG Supply to Punjab Industries Cut-off Indefinitely

CNG Supply to Punjab Industries Cut-off Indefinitely

Tuesday, December 10, 2013 12:32

[caption id="attachment_34081" align="alignright" width="307"] CNG Supply[/caption] The supply of compressed natural gas (CNG) to industries and CNG stations, has been suspended in Punjab, as Sui Northern Gas Pipelines Limited (SNGPL) said there is no other way to meet the ...