Prices in the domestic market continue to be on higher side and even today it is being sold at Rs63 to Rs65 per kg.
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TOP STORIES
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PAC tells ministry to review gas tariff
Chaudhry Nisar Ali Khan said the system of calculating gas bills had provided utility companies a chance to fleece consumers. -
Industry in NWFP, Fata gets tax relief
Goods made in the ‘less affected areas’ will enjoy a concession of 50 per cent in payment of excise duty. -
Foreign funds propel KSE index above 10,000 points
Investment in the staggering sum of $57 million in two weeks has driven the market to a record-breaking run of shares. -
Govt will pay Rs45bn to ease energy crisis
The decision was taken by PM Gilani to ward off an imminent default in foreign payments against oil supplies. -
No assurance given to IMF for VAT enforcement
The FBR chairman said the parliament and provincial assemblies should decide on the VAT bill by end of April.
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MEDIA GALLERY
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Business Times
HIGHLIGHTS
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Withdrawal of exemptions under VAT opposed
Trade and industry has called for VAT exemption for five export-oriented industries. -
Equities firm as US economy, Greece fears ease
World stock index was positive for the first time since Jan as the euro also gained. -
US deficit, debt to exceed forecasts
Estimates show the budget deficit and national debt projections to be misjudged. -
Helping the economy
Pakistan should welcome US cooperation in areas other than militancy, nuclear weapons and security. -
CSF reimbursements
Pakistan’s efforts to fight terrorism are running into financial troubles on account of a trust deficit.
WEATHER - PAKISTAN
Cities
HIGH INFLATION
Falling demand of gold due to high prices is shrinking incomes and forcing jewellers to slash workforce or switch trade.
CIRCULAR DEBT
With its receivables rising beyond Rs105bn, PSO needs at least Rs57bn up to April 28 to avoid default.
MONEY LAUNDERING?
The unusually high portfolio investment numbers have set the cynics wondering if all of it is genuine foreign buying.
PETROCHEMICAL PLANT
The cabinet decided not to probe ‘unauthorised changes’ in a Rs55bn contract days after the departure of Tarin.
INFLATION TENSION
Supply of credit to private sector continued despite central govt borrowing of Rs191bn for its budgetary support.
TOO BIG TO FAIL?
Despite poor economic growth the banks earned Rs62.3bn primarily because of a very high banking spread.
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