Business

KARACHI: The Monetary Policy Committee, after detailed deliberations, has decided to maintain the policy rate at 5.75 percent. Pakistan economy...

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Dar for enhancing Pak-US trade ties

ISLAMABAD: Federal Finance Minister Ishaq Dar has said that it was the mutual desire of leaders of both Pakistan and...

Pesco overcome line losses by 1% in KP

PESHAWAR: The Peshawar Electric Supply Company (PESCO) has claimed to brought down line losses by one percent in Khyber Pakhtunkhwa....

Lucky Cement to set up 1.25m-tonne plant in Karachi

KARACHI: Lucky Cement has announced to set up a plant of with 1.25 million tons per annum production capacity in...

$5b investment in Punjab: PIBT signs MoU with Grace Refinery

LAHORE: The Punjab Board of Investment and Trade (PBIT) and Grace Refinery Limited have signed a memorandum of understanding, under...

PIA includes three more planes to its fleet

RAWALPINDI: The Pakistan International Airlines has included three Airbus A-330 planes in its fleet after signing a wet lease agreement...

Petrol price may increase despite cut in int’l oil prices

ISLAMABAD: The government has decided to increase petroleum prices from August 1 even though oil prices fell further towards the...

Aptma announces black day against ‘anti-industry policies’

LAHORE: The All Pakistan Textile Mills Association (Aptma) has announced to observe ‘black day’ throughout the country for the resolution...

Punjab govt approves five projects worth Rs 5.7 billion

LAHORE: The Punjab government Friday approved five development schemes of various sectors with an estimated cost of Rs 5695.778 million...

Weekly inflation falls by 0.09%

ISLAMABAD: The weekly inflation witnessed a decrease of 0.09 per cent for the week ended on July 28, for the...

Loadshedding to be overcome by 2018, reiterates Kh Asif

ISLAMABAD: Federal Minister for Water and Power Khawaja Muhammad Asif has expressed confidence to overcome loadshedding by 2018 with the...

Fuel adjustment: Nepra cuts power tariff by Rs2.80 for June

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has decided to cut electricity tariffs by Rs2.80 for June 2016...

Pak Suzuki Motor’s profit decreases by 41% to Rs1.43b in H1

KARACHI: Pak Suzuki Motor Company’s profit have decreased by 41 per cent to Rs1.43 billion in the half year ended...

SBP reserves down by 0.22%

KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased 0.22% on a weekly basis on July...

Dastgir directs IPO to develop strategy to protect businesses