Business

ISLAMABAD: The Sui Northern Gas Pipelines Limited (SNGPL) has yet to recover around Rs123.187 billion from industrial defaulters. "As on...

Pakistan, Mauritius sign preferential trade agreement

ISLAMABAD: The governments of Pakistan and Mauritius have signed a number of trade deals which included the Preferential Trade Agreement...

Allied Bank’s earnings decrease to Rs 3.7b

LAHORE: Allied Bank Limited (ABL) announced 3Q2016 consolidated earnings of Rs3.7 billion (EPS Rs3.2), down 18 percent YoY. The bank...

PSO earns Rs10.3b

KARACHI: Pakistan State Oil Company Limited (PSO) has declared profit after tax of Rs10.3 billion for FY2016, as compared to...

Exporters show concern over huge decline in rice trade

KARACHI: Rice Export Association of Pakistan (REAP) has expressed concern over huge decline in Basmati and non-Basmati rice export during...

Exports of garments increase by 3.76% during two months of current FY

ISLAMABAD: The exports of readymade garments from the country registered an increase of 3.76 percent during first two months of...

Nigeria to buy 10 Super Mushshak from Pakistan

ISLAMABAD: Nigeria will buy 10 Super Mushshak aircraft from Pakistan, highlighting growing demand for the indigenously built plane. A signing...

APBF, Jiaxing join hands to promote trade

KARACHI: All Pakistan Business Forum (APBF) has signed an accord with Jiaxing Zhimakaimen Economy and Trade Industrial Zone Management Company...

52% civil work of Orange Line Metro Train completed

LAHORE: Orange Line Metro Train will provide an economic, safe and latest mode of transportation to common citizens besides conferring...

Govt flayed over 38% decline in FDI during first quarter

ISLAMABAD: Foreign Direct Investment (FDI) has presented a dismal performance and posted some 38 percent decline during the first quarter...

Textile industry laments over 50% decline in cotton production to only 6m bales

LAHORE: All Pakistan Textile Mills Association (APTMA) Punjab Chairman Syed Ali Ahsan has said the industry woes are increasing due...

Rustam Khan cancells contracts of development schemes worth Rs46m

MANSEHRA: Tehsil Nazim, Balakot, Rustam Khan, crossed out the agreements of improvement plans worth Rs46 million after the contractual workers...

Current account deficit swells 136% to $1.4b

KARACHI: The current account deficit swelled 136 per cent year-on-year to $1.368 billion during the first quarter of this fiscal...

Second unit of gas turbine of 1,180MW reaches Bhikki

LAHORE: The second unit of gas turbines has arrived from Belfort, France, in Pakistan to equip the 1,180 megawatt (MW)...

Pakistan, ADB to ink $250m loan next week

ISLAMABAD: Pakistan and the Asian Development Bank (ADB) will sign a $250 million loan agreement next week, in a bid...

PTC gave over Rs 70 billion taxes in nine months