General Business News

Islamabad: International tax consultant and expert on studying international money laundering operations and drug economy, Dr Ikramul Haq, on Sunday said allowing injection of black money in the stock markets will not only facilitate money laundering but also have negative impact for much-needed revenue generation initiatives. Approval of the proposal …

Karachi: United Bank Limited (UBL) won the 10th State Bank Governor’s Inter Bank Cricket Tournament by defeating Habib Bank Limited (HBL) at SBP Sports Complex, North Nazimabad, Karachi today. Bating first, UBL scored 154 for 5. Hasan Mehmood (44), Tariq Iqbal (43) of UBL were the main scorers. Abdul Haseeb …

Karachi: Tuwairqi Steel Mills Limited has signed an MOU with POSCO Engineering, with a commitment to promote local engineering services and infrastructure development in Pakistan. At a ceremony held at the TSML Head­Office, POSCO Engineering Vice- President Mr. Lee Geun Ha rnet with Director Projects TSML Mr. Zaigham Adil Rizvi, …

Islamabad: Mr. Muhammad Rashid Zahir has been re-elected as Chairman of the Board of Directors of the Islamabad Stock Exchange (ISE). He has extensive executive/board level experience in commercial, development and investment banking. He served as Chief Executive Officer of Saudi Pak Industrial and Agricultural Investment Company Limited from January …

Karachi: As a part of the process of normalization of trade between Pakistan and India, the Ministry of Commerce and Trade Development Authority of Pakistan had conducted extensive interactive sessions with all stakeholders for identification of non-tariff barriers in the Indian import regime. In this regard; to further sensitize the …

Karachi: Pakistan’s exports during December 2011 were valued at US $ 1.854 billion which was 11.5% per cent lower than the level of US $ 2.094 billion during December 2010. Imports during December 2011 were valued at US $ 4.261 billion registering a growth of 13.6 per cent over the …

Karachi: The SECP Chairman, Mr. Muhammad Ali, met the outgoing and newly constituted Board of Directors of the Karachi Stock Exchange on Thursday. In his address to the Board members he appreciated the valuable services rendered by the outgoing Board. He expressed the belief that the new Board would deliver …