Refineries around the country have announced significant rate increases, sparking fears of mounting circular debt.
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TOP STORIES
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Tea imports fall on rising duty, prices
Average unit price in the outgoing fiscal year was $2.08 per kg as compared to $1.85 per kg in the previous year. -
Foreign exchange reserves rise to $11.84bn
The central bank’s reserves edged up to $8.55 billion from $8.45 billion a week earlier. -
Zardari urges Saarc body to boost trade
President Asif Zardari asked the SCCI to enhance trade wherever possible within the 8-nation grouping. -
Karachi Port handles 39m tons of cargo in FY09
The Karachi Port showed an increase of 4.14 per cent over last year when 37.192 million tons of cargo was handled. -
Port Qasim customs revenue up by 3.8pc
Revenue collection at Port Qasim Model Customs recorded Rs89.667 billion during 2008-09.
MORE TOP STORIES
EDITOR'S CHOICE
OVERSTRETCHED
‘Forces not ready for South Waziristan offensive’
REPORTING IN TEHRAN
The media’s Iran problem
TILISM
Land of Hoshruba
THE BUDGET
The 2009-10 Federal Budget of Pakistan
MEDIA GALLERY
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A look at the business world today
HIGHLIGHTS
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Unfair and avoidable
There is a stench of a reverse Robin Hood syndrome hanging over the government. -
Hedge Standards body tightens rules after Madoff
The huge financial swindle may spark tough new regulations for hedge funds. -
Caring for the poor
The real solution to poverty is engaging the poor in the economy as wage earners. -
China’s stimulus fuelling stock bubble
Citizens are sinking stimulus checks directly in the stock market, driving huge gains. -
Is LoC trade collapsing?
It would be a shame to hold LoC trade hostage to Indo-Pak politics.
WEATHER - PAKISTAN
Cities
REVENUE CONCERNS
The latest IMF report suggests that while macroeconomic indicators are promising, security risks persist.
FALLING SHORT
The prospect of a water shortage has raised alarm among farmers and millers about the next crop.
BAD LOANS
There is no chance of recovery of economy and banks’ profits amid falling demand and rising non-performing loans.
DEADLY CONTRABAND
An alliance of anti-tobacco groups says several militant and terror groups rely on black market tobacco for revenue.
AFTER THE BUDGET
The changes in the budget deal only with rates of taxes and their recovery modes –ignoring the issue of rising public debt.
CROPS UNDER THREAT
The projected 40pc shortfall in water flows for the ongoing Kharif season can cause huge loss to the province’s growers.
