Business

ISLAMABAD: After giving massive cut in petroleum prices, the government is likely to increase POL rates by 13 per cent...

Textile millers ask govt to levy 15% duty on man-made fibres import

LAHORE: The textile millers have asked the government to impose 15 per cent regulatory duty on the import of man-made...

CDWP approves several uplift projects worth Rs218.2b

ISLAMABAD: The federal government has approved several development projects worth Rs 218.219 billion. The Central Development Working Party (CDWP) meeting,...

ADB forecasts 4.5% growth for FY 2015-16

KARACHI: The Asian Development Bank, in its latest report, has projected positive results, saying Pakistan’s economy will continue to pick...

Wapda installs last radial gate on spillway of 969MW NJ project

LAHORE: The Water and Power Development Authority (Wapda) has installed third and last radial gate on spillway of 969MW Neelum-Jhelum...

Experts for boosting exports, generating employment

ISLAMABAD: Experts at two-day consultative forum, organised with the cooperation of the Small and Medium Enterprises Development Authority (Smeda), said...

368% higher than 2013’s: NBP posts 51% increase in profit

LAHORE: The National Bank of Pakistan has announced to achieve an exponential 51 per cent growth in pre-tax profit as...

HabibMetro Bank’s profit surges by 72% to Rs 12.5b

KARACHI: HabibMetro Bank has posted a profit before tax of Rs 12.5 billion for the year 2015, registering a considerable...

Power tariff reduced by Rs4.36/unit

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved Rs 4.36 per unit reduction in power tariff for February...

Bosan for improving agri production system on scientific lines

ISLAMABAD: Federal Minister for National Food Security and Research, Sikandar Hayat Khan Bosan has stressed the need to improve agriculture...

Pakistan receives $4.21b from donors in 8 months

ISLAMABAD: Pakistan received $4.21 billion from multilateral and bilateral donors in first eight months (July-February) of current fiscal year. According...

Govt aims to achieve GDP growth rate of over 5% this year: Dar

ISLAMABAD: The government is focusing on achieving the GDP growth rate of over five per cent in ongoing fiscal year...

21.5 mcm/d delivery: Pak delegation to finalise gas pipeline project in Iran

TEHRAN: A Pakistani delegation will visit Iran to finalise the agreements on gas pipeline project made during the Iranian president’s...

Surgical goods worth $234m exported in 8 months

ISLAMABAD: Surgical goods and medical instruments exports from the country surged by 4.66 percent during last eight months of ongoing...

Mobile phone import surges by 6.77% to about $500m

ISLAMABAD: The imports of mobile phone into the country increased by 6.77 percent to $497.192 million in first eight months...

Petroleum imports declined by 37.62% to $5.107b in 8 months

ISLAMABAD: The petroleum group import into the country decreased by 37.62 percent during first eight months of ongoing fiscal year...

Near 0.2m metric tons sugar exported so far

ISLAMABAD: About 198,387 metric tons of sugar has been exported since the permission granted by the Economic Coordination Committee of...

Provinces directed to submit detail of oil, gas royalty’s distribution

ISLAMABAD: National Assembly Standing Committee on Petroleum and Natural Resources Tuesday directed all provinces to submit detailed reports with regard...

Textile Sector Texpo to kick off on April 7