Business
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Price of quality lint increases to Rs 5,675 per maund
KARACHI: After moderate trading activity in cotton market, the price of quality lint increased to around Rs 5,675 per maund....
Suleman takes charge as Dy Director (MIS) at Computer Wing-IR
ISLAMABAD: Muhammad Suleman has assumed the charge of the post of Deputy Director (MIS), (BS-18) at Directorate General, Computer Wing...
Pakistan, China seal deal to launch satellite system
ISLAMABAD: Pakistan and China have signed a contract for the development and launching of Pakistan Remote Sensing Satellite (PRSS-1) System....
Overall exports reduce by 13%, textile by 11.6%, petroleum products by 75%
ISLAMABAD: The country’s overall exports reduced by 12.92 percent to $15.6 billion first nine months (July-March) of the current fiscal...
Govt repays over $10.73b foreign debt in three years
ISLAMABAD: The government repaid foreign debt of $10,730.2 million (over $10.73 billion) including repayment of $4,415 million ($4.4 billion) to...
LSM sector witnesses 4.35% growth in 8 months
ISLAMABAD: The country’s large scale manufacturing sector witnessed 4.35 percent growth during first eight months (July-February) of the current fiscal...
MCB Bank profits decline by 22% in Q3
KARACHI: The MCB Bank Limited has announced 22 percent decrease in profits for the third quarter of ongoing fiscal year....
Engro Foods earns Rs 1.10 billion with 3.7% growth
KARACHI: Engro Foods Limited has posted 3.7 percent growth in its profits during the third quarter of the current fiscal...
Mari Petroleum profits surge by 43%; Rafhan Maize’s by 41.5%
KARACHI: Mari Petroleum Company Limited’s profit surged by 43 percent in the third quarter of fiscal year 2015-16. As per...
JS Bank profits increase by 3.5%
KARACHI: JS Bank Limited has posted 3.5 per cent increase in profit during the first quarter of current calendar year....
6-hour loadshedding for urban, 8-hour for rural areas
ISLAMABAD: The Ministry of Water and Power has issued a countywide power load management plan for the upcoming summer season,...
Govt to give technical assistance to small enterprises: Dastgir
ISLAMABAD: Federal Commerce Minister Khurram Dastgir has said that his ministry will provide technical assistance for small enterprises through international...
SECP okays rules for shareholders’ database
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has approved the draft Centralised (Know Your Customer) Organization Rules, 2016...
Manufacturing sector registers 63.44 value in March
LAHORE: The manufacturing sector has increased 4.12 percent on a year-on-year basis in Jul-January of 2015-16, however, it registered a...
IMF lauds Pakistan’s economic reforms
WASHINGTON: The International Monetary Fund (IMF) has lauded the government for its economic reforms. IMF Managing Director Christine Legarde, in...
Cotton production decreases by 34% to 9.768m bales
KARACHI: The cotton production in the country has declined by 34.28 percent to 9.768 million bales in the current season....
Fauji Cement’s profit increases by 59% to Rs 1.56b in Q1
KARACHI: Fauji Cement Company Limited (FCCL) has posted a net profit of Rs1.56 billion or Rs1.13 per share for the...
CM asks federal govt to ensure 3.5% electricity quota to KP
PESHAWAR: Khyber Pakhtunkhwa Chief Minister Pervez Khattak has asked the Federal government to ensure provision of the allocated electricity quota...
Habib Bank receives license to open branch in China
KARACHI: Habib Bank Limited (HBL) has received a license for setting up a branch in China. It is also the...
Fifth Islamic finance expo, conference on 21st
KARACHI: The Fifth Islamic Finance Expo & Conference is going to be held on April 21 in Karachi. SECP Chairman...
