Business News
No increase in sales tax on sugar: ECC
ISLAMABAD: The Economic Coordination Committee of the Cabinet (ECC) here on Tuesday decided that there would be no increase in sales tax on sugar. The Committee met under the chairmanship of Minister for Finance Dr. Abdul Hafeez Shaikh also reviewed the overall economic situation of the country. »
No increase in sales tax on sugar: ECC
ISLAMABAD: The Economic Coordination Committee of the Cabinet (ECC) here on Tuesday decided that there would be no increase in sales tax on sugar. »
No increase in sales tax on sugar: ECC
ISLAMABAD: The Economic Coordination Committee of the Cabinet (ECC) here on Tuesday decided that there would be no increase in sales tax on sugar. The Committee met under the chairmanship of Minister for Finance Dr. Abdul Hafeez Shaikh also reviewed the overall economic situation of the country. »
Pakistan to import 375,000 T of sugar in Aug/Sept
ISLAMABAD: Pakistan plans to import another 375,000 tonnes of white sugar in August/September to meet shortages in the country, Pakistan''s state-run trading agency (TCP) said. The agency has already bought 825,000 tonnes of sugar after the government set an import target of 1.2 million tonnes for TCP this year, anticipating the shortfall in domestic... »
Gold ups at Rs 33,857 per 10 grams
KARACHI: Gold jumped to Rs 33,857 per 10 grams in local bullion market Tueaday, as its international price also improved to $ 1,248 an ounce, market sources said. A leading bullion dealer said that tola (11.664 grams) price also went up to Rs 39,550. »
Oil edges up in Asia
SINGAPORE: Oil edged up in Asian trade Tuesday as the European single currency recovered, spurring investor demand for crude futures, analysts said. New York''s main futures contract, light sweet crude for delivery in July gained nine cents to 71.53 dollars a barrel while Brent North Sea crude for July delivery was up three cents... »
Obama says monitoring BP over Gulf spill
WASHINGTON: US President Barack Obama said he wanted to know "whose ass to kick" over the Gulfof Mexico oil spill, adding to the pressure on energy giant BP Plc as it sought to capture more of the leak from its gushing well. "I don''t sit around just talking to experts because this isa college... »
Power tariff hiked for Karachiites
KARACHI: National Electric Power Regulatory Authority (NEPRA) has given a go ahead to Karachi Electric Supply Company (KESC) to increase power tariff by Rs5.22 per unit. According to a notification issued by NEPRA, the tariff hike is a result of a fuel adjustment and will be collected for nine months – June 2009 to... »
Decision to shut CNG stations for six days cancelled
ISLAMABAD: Talks between All Pakistan CNG Association and Sui Northern Gas Company (SNGCL) ended successfully and decision to shut CNG stations in Punjab and Khyber Pakhtoonkhwa from 08th June to 17th June has been cancelled. »
Local stocks react positively to Budget measures
KARACHI: The share prices at Karachi Stock Exchange (KSE) saw gains, as investors reacting positively to the measures announced in Budget 2010-11 took fresh positions, pushing the benchmark KSE-100 Index up by 155 points to close at 9,792. Today’s trade began in the red zone but investment by government institutions and major mutual funds... »
