By Abrar Hamza

KARACHI: The Board of Directors of Pakistan Stock Exchange Limited (PSX) has approved the various amendments to the PSX Regulations relating to revamping of penalty/enforcement regime for trading right entitlement certificate (TREC) holders / brokers, a document said. The Board has proposed to amend the chapter 3 (PSX), Chapter 4 (TRE) Certificate and Chapter 20 […]

KARACHI: At the time when the Pakistan Muslin League (PML-N) led government is claiming record economic progress in Pakistan, the yearly decline in exports entered into its 11th straight quarter in September -December 2016 period. Trade deficit in December widened by 35.68 percent to Rs 2.86 billion while balance of trade in Pakistan averaged Rs […]

KARACHI: Car penetration is 30 percent lower in Pakistan as compared to India due to higher prices resulting from less competition and lower productivity, said the World Bank (WB). The World Bank in its recent industry case study said, “Unfortunately, most of the automotive industry in South Asia does not achieve these levels of manufacturing […]

KARACHI: The National Electric Power Regulatory Authority (NEPRA) has reportedly allowed the Central Power Purchasing Agency (Guarantee) Limited (CPPA-G) to charge market operation fee (MOF) from the National Transmission and Despatch Company Limited (NTDCL). The CPPA-G had filed a petition with the NEPRA for determination of market-determined fee for three years starting from 2015. As […]

  KARACHI: In the absence of adequate regulations, a number of undocumented and under-taxed new entrants in the processed food industry have been producing cheaper products because of the low quality standard and the situation poses a major challenge to larger firms, said the State Bank of Pakistan (SBP). The SBP in its first quarterly […]

KARACHI: The National Electric Power Regulatory Authority (Nepra) Friday has approved upfront tariff of Rs 7.82 per kilowatt-hour (kWh) for power generation through bagasse by existing sugar mills, said a document. The authority said that the decision is being intimated to the federal government for the purpose of notification in the official gazette. According to […]

KARACHI: Pakistan is likely to issue renminbi (RMB) bonds in Hong Kong aimed at financing the multibillion China-Pakistan Economic Corridor (CPEC) project. This was said by State Bank of Pakistan (SBP) Deputy Governor Riaz Riazuddin while addressing a seminar titled ‘Financial integration under and other research agenda’. “Construction and operations of the CPEC can also […]

KARACHI: It seems that the world is not endorsing the government of Pakistan’s claims about its rapid growth as the foreign direct investment (FDI) in first five months of current fiscal fell drastically by 45 percent. The country, which attracted FDI worth $839.7million in July-November period of fiscal year 2015-16, recorded 45.2 percent decline during […]

KARACHI: Local e-commerce businesses have started giving tough competition to multinational corporations with innovative launches as they had a very fruitful Black Fridaythis year. With increasing online shopping trend in the country, as many new local players have sprung out launching full-fledged online stores. E-shopping portals are continually pushing new boundaries, introducing new item categories […]