Business

15/04/2016

ISLAMABAD: The Competition Commission of Pakistan (CCP), in compliance with the Supreme Court’s order, has launched the Urdu version...

Govt disbursed Rs332.7b agri loans in 8 months

ISLAMABAD: The government disbursed Rs 332.7 billion agricultural credit during the first eight months of the current fiscal year through...

Court dismisses over 50 petitions against 14% hike in gas prices

LAHORE: The high court Thursday dismissed more than 50 petitions challenging 14 percent increase in the prices of the natural...

Wheat production targets fixed at 25.45 million tonnes

ISLAMABAD: The federal government Thursday revised wheat production target for 2015-16 at 25.45 million tonnes. The Federal Committee on Agriculture...

Pakistan Oilfields earns Rs5.82b profits in 9 months

KARACHI: Pakistan Oilfields Limited earned Rs5.82 billion profit during the nine months of FY16 against Rs7.31 billion in the corresponding...

National Refinery’s profits increase by 351% in 9 months

KARACHI: The National Refinery Limited has posted mammoth growth of 351 percent as its profits reached Rs5.23 billion during the...

Attock Petroleum’s profits up by 21.5% to Rs2.37b in nine months

KARACHI: Attock Petroleum Limited’s profits have increased by 21.5 per cent to Rs2.37 billion during the first nine months of...

SBP generates Rs57.57 billion through T-bills auction

KARACHI: The State Bank of Pakistan (SBP) has generated Rs57.57 billion in an auction of the market treasury bills. The...

Govt to guarantee Rs100b sukuk bonds fund Neelum-Jhelum project

DUBAI: With the aim to overcome power crisis, the government has decided to guarantee Rs100 billion worth of sukuk bonds...

Finance ministry gives NAB its Rs 411m share

ISLAMABAD: The Finance Ministry has given the National Accountability Bureau (NAB) its share of Rs 411 million from the money...

IMF lauds govt for PIA reforms

ISLAMABAD: The International Monetary Fund has expressed satisfaction over reforms of Pakistan International Airlines (PIA) by the government. However, IMF...

PIA seeks extending loan limits from EXIM Bank

ISLAMABAD: The Pakistan International Airlines (PIA) has sought extending loan limits from the Export-Import (EXIM) Bank. The PIA formally asked...

NAB investigating Rs 26b misappropriation in PSM: NA told

ISLAMABAD: Parliamentary Secretary for Industries and Production Rao Muhammad Ajmal Khan Wednesday informed the National Assembly that the National Accountability...

26 freight, 106 passenger trains are functional: NA told

ISLAMABAD: The government is committed to upgrade Railways as currently 26 freight and 106 passenger trains are functional. This was...

Nominal deficit of 0.66% witnessed in services’ trade

ISLAMABAD: The country’s services’ trade deficit witnessed nominal increase of 0.66 percent during the first eight months of the current...

BoD asks AGP to audit TIP accounts of 10 years

ISLAMABAD: Telephone Industries of Pakistan (TIP) Board of Directors has asked the auditor general of Pakistan (AGP) to audit the...

Chinese investors keen to invest in Pak wind energy projects

KARACHI: A 14-member delegation led by Ghangyi City Vice Mayor Tao Jianxing has called on Sindh Board of Investment (SBI)...

Khattak directs authorities to expedite work on uplift project

PESHAWAR: Khyber Pakhtunkhwa Chief Minister Pervez Khattak has directed the authorities concerned to expedite work on the ongoing development projects...

Trade deficit widens by 5.5% in 9 months