S&P maintains negative outlook on Pakistan debt
Standard & Poor's maintained its negative outlook on Pakistan on Tuesday despite the appointment of a new prime minister as the country still faced tough decisions over its growing fiscal deficit more... (BR)

‘Non-Shariah income will go to charity account’
The State Bank of Pakistan has empowered Shariah advisers of Islamic banks that if any income is declared as non-Shariah compliant, the entire amount will be credited to ‘charity account’ opened for this purpose more... (D)

Banks cartelization
The decision to determine whether banks were involved in any sort of cartelisation or otherwise will be announced by the Competition Commission of Pakistan in the first week of April more... (D)

US share in foreign investment reaches 56 percent
The United State of America (USA) share in overall foreign investment has reached 56 percent, exceeding the one billion dollar mark in first eight months of current fiscal year 2008 more... (D)

Bush ready to work with new Prime Minister
US President George W. Bush spoke on Tuesday by telephone to new Prime Minister Yousuf Raza Gilani on the importance of the fight against terrorism and expressed his readiness to work with the new leader more... (BR)

We have to ensure supremacy of parliament: Gilani
President Pervez Musharraf and Prime Minister Yousuf Raza Gilani on Tuesday stressed the need for political forces in the country to get united to effectively confront the challenges of terrorism, extremism and economic issues more... (BR)

Indian PM seeks ‘best ever’ ties with Pakistan
Indian Prime Minister Manmohan Singh told his new Pakistan counterpart Syed Yusuf Raza Gilani on Tuesday that he expects India-Pakistan relations to evolve to become the “best ever” between the two countries more... (D)

Manzalai Field uplift: MOL Pakistan signs $119 million deal with PDIL
The MOL Pakistan, the operator of Tal Block, has signed a contract for the Manzalai Field Development Surface Facilities, worth $119 million with a consortium, PDIL, here. Mazalai field is located in Karak and Hangu districts of NWFP more... (BR)

Cash margin in CFS Mk-II modified
The Securities and Exchange Commission of Pakistan (SECP) on Tuesday agreed to waive the requirement of initial margin in ‘cash’ under the CFS Mk-II, removing a major hurdle more... (D)

'Pakistan can increase its share in markets of China and Malaysia'
Pakistan has got best opportunity to increase its share in 791 billion dollars import market of China and 131.13 billion dollars import market of Malaysia by improving its marketing strategy, products quality and presentation more... (BR)