MFN status to India: Commerce secretary dispels ambiguities

Dispelling all ambiguities, Federal Secretary Commerce Zafar Mehmood has said that Pakistan has reciprocated most favoured nation (MFN) to India in principle to implement the declaration in letter and spirit signed by commerce ministers of India and Pakistan few weeks ago in India. more... (ET)

Forex reserves further dwindle

The foreign exchange reserves of the country dwindled by dollars 54 million to dollars 17.146 billion a week back, the State Bank of Pakistan (SBP). more... (BR)

Trade barriers being removed jointly by Pakistan, India

Both Pakistan and India have agreed in principle to remove all non-tariff barriers (NTBs) with due consultations to promote bilateral trade between the two countries, said Secretary Commerce more... (BR)

US may link funding for dams with water sector reforms

The United States expressed its willingness to fund the multibillion-dollar Diamer Bhasha and Kurram Tangi dams, conditional to reforms in the water sector, but made no firm commitments in this regard. more... (ET)

Rs82 million fine on PTCL

The Pakistan Telecommunication Authority has fined Pakistan Telecommunication Company Limited Rs82.496 million for unauthorised use of extra radio frequency spectrum. more... (D)

Nepra allows power tariff hike for Wapda companies

The National Electric Power Regulatory Authority (Nepra) approved on Thurdsay an increase of Rs1.77 per unit in electricity tariff for distribution companies of Wapda under the monthly fuel adjustment formula. more... (D)

Consolidating power: State-owned electricity generation companies merged into one

The water and power ministry has merged the four state-owned thermal power generation companies into a single firm called the Genco Holding Company. more... (ET)

Sugar: TCP to purchase 200,000 tons

The Trading Corporation of Pakistan (TCP), in response to government directives, has issued a tender for purchase of 200,000 tons of sugar, which will be opened on November 12. more... (ET)

Post-Lahore party: They may not be able to vote, but Imran’s supporters love a good rally

Eight-year-old Zaafir is at least a decade away from being allowed to even enter a polling booth but he’s already formed a political opinion. more... (ET)

Nawaz Sharif owns only one sugar mill

All of Nawaz Sharif’s assets, except for a sugar mill, have been transferred in the name of his children, sources familiar with the matter told The Express Tribune. more... (ET)

Civil-military representatives to review Indo-Pak dialogue progress

A day after the cabinet approved trade normalisation process with India, a series of meetings are being planned with various stakeholders on the vital issue of bolstering economic relations between the two countries. more... (D)

Malik says Pakistan to work with Afghanistan on border

Pakistan and Afghanistan will work together to monitor all movements through a border crossing by the end of the month, Interior Minister Rehman Malik said Thursday.. more... (D)

UAE banks have challenging year ahead

International rating agency Moody's Investors Service said yesterday that the next 12 to 18 months could be challenging for the UAE banking system in terms of asset quality and profitability. more... (Gulf News)

Aldar achieves Dh144m profit after restructuring

Aldar Properties, Abu Dhabi's largest real estate developer, posted a third quarter net profit of Dh144 million yesterday after announcing earlier in the week it was to cut almost a quarter of its workforce as part of a major restructuring. more... (Gulf News)

Oman: MSM posts capitalisation value gains in October

The announcement of the companies' 3rd Q results came to its peak during the month of October even with the general index ending the month with a slight recession. The index's limited decrease was in itself a sign of return of investors' confidence regardless of the continued obscurity and conflicting forecasts over the sovereign debt crisis in the euro zone. more... (Zawya)

UAE banks have challenging year ahead

Dubai International rating agency Moody’s Investors Service said yesterday that the next 12 to 18 months could be challenging for the UAE banking system in terms of asset quality and profitability. more... (Zawya)