Business
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Trading activity remains dull in cotton market
KARACHI: The cotton market witnessed dull activity as traders remained on sidelines in the absence of fresh demand. The state-owned...
Rs 15b deficit: Rs 870b Sindh budget to be presented tomorrow
KARACHI: Senior Sindh Minister for Finance, Planning, Development, Agriculture and Energy Syed Murad Ali Shah will present Rs870 billion provincial...
Forex reserves decrease by $335m to $21.2b
KARACHI: The country’s foreign exchange reserves have decreased by $335 million to $21.266 billion in the week ended on June...
Budget lacks initiatives to broaden tax net: ABC
KARACHI: The American Business Council of Pakistan (ABC) has pointed out that the recently-announced federal budget for 2016-17 lacks initiatives...
PSO to supply fuel to Thar coal mine
KARACHI: The state-owned Pakistan State Oil has signed an agreement for fuel supplies to Thar coal mines. According to an...
Chinese company being facilitated to complete 1,320MW power plant
ISLAMABAD: Federal Minister of Planning, Development & Reform Ahsan Iqbal has said that the government is facilitating Power China to...
Banks’ profitability increases by 1.5 to Rs52.9b
KARACHI: The local bank’s profitability has increased by 1.5 per cent or Rs816 million to Rs52.9 billion in the first...
Nepra allows power generators to sell electricity to consumers
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has allowed power generation companies to sell electricity to consumers anywhere in...
Implementation agreement okayed for R-LNG based power projects
ISLAMABAD: The Private Power and Infrastructure Board (PPIB) approved the implementation agreement (IA) for R-LNG based power projects in public...
GE to provide Hubco digital industrial solutions for its power plant
LAHORE: American company GE has signed a contract with Hubco to provide its digital industrial solutions for the 1,292MW Hubco...
PRSP gets first Investment Finance Services license
ISLAMABAD: Punjab Rural Support Program has become the first scheme to get Investment Finance Services license by the Securities and...
PR to increase its transport share from 4% to 20%
ISLAMABAD: In line with the government’s vision 2025 for infrastructure development during the next ten years, Pakistan Railways is to...
Power generation hits record level of 17,120MW
ISLAMABAD: The power generation in the country has reached to new record level of 17,120 megawatt. Ministry of Water and...
Hazara Motorway to become operational by end 2017
ISLAMABAD: The construction work on the Hazara Motorway is in full swing and it will become operational by December 2017....
Consumption of petroleum products increased by 11% in May
ISLAMABAD: The consumption of petroleum products in the country increased by 11 percent in May due to reduction in petrol...
Companies Bill draft vital for regulation of corporate sector: Dar
ISLAMABAD: Federal Minister for Finance Ishaq Dar, chairing a meeting to review the draft of Companies Bill, 2016, said that...
Chinese firms to build coal power plant in Balochistan
ISLAMABAD: Chinese companies have signed a contract to establish a coal-fired power plant in Balochistan. The project is being jointly...
Engro Corp sells 28% of its remaining shares in fertiliser unit for $185m
KARACHI: Engro Corporation has sold over 28 per cent of its remaining shareholding in Engro Fertilizers worth approximately $185 million....
Cotton sport rate remains firm at Rs 5,550 per maund
KARACHI: The cotton spot rate remained Rs 5,550 per maund as market stood positive during trading session and majority of...
Senate body finalises recommendations for Finance Bill 2016-17
ISLAMABAD: A Senate committee has finalised recommendations for Finance Bill 2016-17. According to an official statement, the meeting of the...
