Business
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Economic corridor grand manifestation of Pak-China ties: Gen Raheel
GAWADAR: Chief of Army Staff General Raheel Sharif has said that the China-Pakistan Economic Corridor is the grand manifestation of...
Cement manufacturers to invest $1 billion in three years
KARACHI: The cement manufacturers have announced a three-year plan, under which, they will invest around $1 billion to increase production...
Remittances decline by 8.7% to $1.47 billion in March
KARACHI: The remittances sent to Pakistan decreased 8.7 percent to $1.47 billion during the month of March 2016 as compared...
SECP registers 4,355 new companies in nine months
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has registered 4,355 new companies during the first nine months of...
Auto sales up 23% to 137,206 units in nine months
KARACHI: The auto sales in the country surged by 23 percent to 137,206 units in the nine months (July-March) of...
ECC approves five proposals for energy projects
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet meeting, under the chairmanship of Finance Minister Ishaq Dar, has...
Political stability, continuity in policies must for economic growth: Ahsan
ISLAMABAD: Political stability and continuity in policies are essential for sustaining the momentum of economic growth. This was stated by...
Rs 401b released under PSDP against Rs 700b allocation
ISLAMABAD: The federal government has so far released over Rs 400.880 billion for different social sector development projects under Public...
Pakistan holds key rate to control inflation
ISLAMABAD: Pakistan’s central bank left interest rates unchanged to contain a rebound in inflation and support the rupee. The State...
Govt releases Rs 150m for Commerce Division projects
ISLAMABAD: The federal government has released Rs150.248 million for several development projects of Commerce Division under Public Sector Development Programme...
Pakistan Post suffered over Rs 25b losses from 2009 to 2015
ISLAMABAD: The Pakistan Post had suffered Rs 25,060.275 million (over Rs 25 billion) losses from 2009-10 to 2014-15 as its...
Banking sector profits surge by 14% to Rs 175b
LAHORE: Led by net interest income and higher capital gains, the country’ banking sector has grown 14 per cent to...
Increased smuggling threatening industrial expansion: PEW
LAHORE: The country’s renowned economy watchdog has said that the increased smuggling from Afghanistan and Iran has become a serious...
Cement sales increased by 19.13% in March
LAHORE: The country’s cement sector witnessed 19.13 per cent growth in March 2016 with 3.05 million tonnes of sales in...
Pak economic growth slips 4.5% in 2016 from 2015’s 5.5%: WB report
ISLAMABAD: The World Bank, in its latest report about South Asian economies, has said that Pakistan’s economic growth dropped to...
Rs 225m bio-fuel project: Corruption scandal unearthed in PARC
ISLAMABAD: A mega corruption scandal has rattled the Pakistan Agriculture Research Council (PARC). According to a local news agency, the...
Loadshedding to be reduced gradually: Kh Asif
SIALKOT: The government is striving to overcome energy crisis and will gradually reduce the duration of loadshedding in summer season....
Centre pays 40% of total development funds to provinces: Ahsan
KARACHI: Federal Minister for Planning and Development Ahsan Iqbal has said that the federal government has paid 40 per cent...
Turkish investors show interest in Pakistan’s energy sector
LAHORE: The Turkish investors have expressed their interest to invest in renewable energy, saying that Pakistan has abundant sunshine to...
OGDCL paid Rs 230b royalty to provinces in 15 years
ISLAMABAD: The Oil and Gas Development Company (OGDCL) has made payments of around Rs 229.733 billion on account of oil...
