Tuesday, May 14, 2013
Haris Zamir
KARACHI: Standard & Poor’s Ratings Services said on Monday that Pakistan’s parliamentary election results set the stage for longer-term stability of its “B” sovereign credit rating on the country. Partial results from the ...

Friday, May 03, 2013
Haris Zamir
KARACHI: The Karachi Stock Exchange has asked the federal government to revisit its policy on corporate taxation, proposing that it exempt dividends from 10 percent tax and reduce corporate tax to 25 percent. This should be ...

Wednesday, April 10, 2013
Haris Zamir
KARACHI: Pakistan’s economic growth will slow down to 3.6 percent in the current fiscal year, and there are deepening concerns about the adequacy and sustainability of foreign currency reserves, the Asian Development Bank said in a ...

Friday, April 05, 2013
Haris Zamir
KARACHI: Pakistan is likely to secure fresh funding from the International Monetary Fund (IMF) to shore up its reserves and boost donor and investors’ confidence in July or August after formation of a new coalition government in ...

Saturday, March 16, 2013
Haris Zamir
KARACHI: As the PPP prepares to go back to the voters, analysts are taking stock of the party’s five years in power. And the report isn’t good. The data shows that the prices of all commodities recorded a steep rise in this period ...

Friday, February 08, 2013
Haris Zamir
KARACHI: Moody’s Investors Service maintained Pakistan’s Caa1 rating and assessed that the low economic growth has been targeted by the protracted energy crisis, whereas inconsistent policies, supply-side constraints and ineffective ...

Tuesday, September 11, 2012
Haris Zamir
KARACHI: HSBC has decided to sell its operations in Pakistan to JS Bank Limited as part of its global restructuring and revamping plans to close down operations that have small asset bases, said HSBC London in an email to The ...

Saturday, May 01, 2010
Haris Zamir
KARACHI: The government’s decision to cut gas supply to fertilizer companies would cost around Rs1 billion as subsidy to meet the domestic demand, industry sources said on Friday. It is likely that due to this decision the ...

Saturday, April 24, 2010
Haris Zamir
KARACHI: The country’s oil import bill is likely to surge by $900 million as several power projects of 1,600 megawatts would start operations by the end of 2010, analysts said. As per the government’s decision, around 300MW ...

Friday, April 23, 2010
Haris Zamir
KARACHI: Pakistan has a great potential, but electricity shortage and adverse security developments continue to hurt domestic and foreign investorsí confidence, the International Monetary Fund said in its report on Pakistan. ...