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28-Aug-2008 |
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The Federal Board of Revenue (FBR) has imposed regulatory duty (RD), ranging from 15 to 50 percent, on the import of around 379 luxury items including luxurious vehicles and mobile phones with effect from August 28, 2008. |
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28-Aug-2008 |
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Pakistan State Oil (PSO) has suspended supply of furnace oil to Hubco and other plants on credit, resulting in sharp decline in electricity production from this source at a time when the people are feeling severe pinch of loadshedding in the hot summer season. |
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28-Aug-2008 |
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The Board of Directors of Karachi Stock Exchange (KSE) has set a floor for the KSE-100 index based on its Wednesday closing level of 9,144 points, effective from today. |
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26-Aug-2008 |
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Securities and Exchange Commission of Pakistan Chairman Razi-ur-Rehman Khan has said that the delay in the demutualisation of stock exchanges has discouraged strategic investors and international stock exchanges, who are interested in making investment in Pakistani exchanges. |
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26-Aug-2008 |
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The Oil and Gas Development Company Limited (OGDCL) has announced an oil and gas discovery in Kunnar South-1 (Zone-2), in Tando Allah Yar block in Sindh |
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26-Aug-2008 |
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Government decided on Monday to withdraw a decision to regulate CNG prices through the Oil and Gas Regulatory Authority (Ogra) after CNG dealers agreed to reduce retail prices by about Rs2.75 per kg with immediate effect. |
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22-Aug-2008 |
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Pakistan foreign exchange reserves decreased by 352 million dollars during the last week due to slow foreign inflows and huge payments. |
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22-Aug-2008 |
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The Federal government has decided to arrange immediate import of 200,000 tonnes of urea to overcome shortage of urea fertilisers in the country. |
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22-Aug-2008 |
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The Federal Board of Revenue (FBR) has exempted sales tax on the import of mineral oil till October 18, 2008. |
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21-Aug-2008 |
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Pakistan current account deficit jumped up by 24 percent to 1.01 billion dollars during the first month of current fiscal year against 816 million dollars during the same period of last fiscal year |
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21-Aug-2008 |
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D.G. Khan Cement Limited is in advanced talks to acquire majority shares in Pioneer Cement Company, a source close to the deal confirmed on Wednesday. |
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21-Aug-2008 |
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The Securities and Exchange Commission of Pakistan (SECP) has been legally empowered to collect information of major shareholders and key executives of the Foreign Private Equity and Venture Capital Entities (FPE&VCEs) being registered with the commission. |
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20-Aug-2008 |
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The Governor of State Bank of Pakistan, Dr Shamshad Akhtar, has decided to increase the quantum of export finance for banks under Export Finance Scheme, and now funds amounting to Rs 358 billion would be available for export of eligible products during FY09. |
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20-Aug-2008 |
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The government plans to further slash deemed duty on oil products to rationalise the oil pricing formula in a bid to create fiscal space to keep deficit within target of 4.7 per cent of the GDP. |
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20-Aug-2008 |
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The government has decided to cap DAP fertiliser price at Rs3,050 per 50kg bag by fixing Rs2,200 as subsidy for importers or manufacturers. |
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19-Aug-2008 |
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President Musharraf announced his resignation on Monday, thereby ending a nearly nine-year highly controversial career as head of state. |
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19-Aug-2008 |
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The federal government has fixed an over ambitious revenue collection target of Rs 1.250 trillion for the Federal Board of Revenue (FBR), as it seemed to be an uphill task to collect this amount under the current economic situation of the country. |
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19-Aug-2008 |
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Senate committee on Monday opposed the government plan to increase power tariff and called for enhancing hydroelectric power generation capacity on war-footing. |
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15-Aug-2008 |
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The central bank strict exchange policy measures have failed to stop the fall of rupee against dollar. The major reason of this failure is the political uncertainty in the country. |
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15-Aug-2008 |
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The prices of fertilizers have increased enormously in a year time with statistics showing that prices of urea and DAP were up by 30.39 and 151.30 percent respectively on July 31, 2008 over the same period last year. |
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