Business

KARACHI: The consumer healthcare and pharmaceutical divisions of GlaxoSmithKline (GSK) Pakistan have been separated, splitting the company in to two...

Firm barred from conducting performance audit of AWK University

PESHAWAR: A private company has been barred from conducting performance audit of the Abdul Wali Khan University Mardan on the...

CDA to decide new parameters for commercial buildings in Blue Area

ISLAMABAD: With the aim to make the federal capital more beautiful, the Capital Development Authority (CDA) board has assigned the...

0.6m ‘ghost pensioners’: Auditor General to complete inquiry within a month

ISLAMABAD: The Auditor General is initiating an inquiry into the National Bank of Pakistan’s claim of 600,000 ghost pensioners. This...

Govt urged to support textile industry for enhancing exports

ISLAMABAD: The textile industrialists have urged the government to extend support to enhance exports and create conducive environment for this...

42% growth: Askari Bank earns Rs3.03b in Q2

byCT Report

LAHORE: Askari Bank has posted 42 per cent increase in its profits as the bank earned Rs3.03 billion in the...

Pakistan wants closer ties with Belarus: Hussain

ISLAMABAD: President Mamnoon Hussain on Wednesday said Pakistan was keen to forge closer ties with Belarus in all fields including...

PAC seeks details of current pensioners

ISLAMABAD: Public Accounts Committee (PAC) on Wednesday directed Finance ministry to provide a comprehensive report of pensioners receiving pension from...

Commerce ministry to hold seminar on Pakistan’s accession to TIR convention

ISLAMABAD: Ministry of Commerce is holding awareness seminar regarding Pakistan’s recent accession to Convention on the International Transport of Goods...

Raw cotton export registers 67pc increase to $5.6m in July, 2015

ISLAMABAD: Raw cotton export from the country during the first month of current financial year 2015-16 has marked an increase...

Pakistan’s economy stable enough to withstand stock crisis

ISLAMABAD: Pakistan’s growing economy is stable enough to stand up to the global and local stock market downfall emerging from...

Chinese company keen to invest $50b in Pakistan’s energy projects

ISLAMABAD: A Chinese company has showed its interest to invest $50 billion in Pakistan’s energy sector. The China Three Gorges...

SECP increases minimum paid-up capital requirements for insurance firms by Rs200m

KARACHI: The Policy Board of the Securities and Exchange Commission of Pakistan (SECP), approving an amendment to the SECP (Insurance)...

$1.2b annual loan: ADB okays 5-yr assistance programme for Pakistan

KARACHI: With the aim to improve infrastructure and create jobs, the Asian Development Bank (ADB) has okayed a new five-year...

HBL inks pact with Jubilee Insurance Co to launch Health Insurance Plan

KARACHI: With the aim to provide health insurance to the customers, the Habib Bank Limited (HBL) has signed a pact...

Pakistan’s exports fall 21% to $1.59 billion in July

KARACHI: Pakistan’s improved economic growth prospects are being nullified by official trade data as Pakistan Bureau of Statistics (PBS) reported...

21,000MW electricity to be added in national grid by Dec 2016: Ali

ISLAMABAD: State Minister for Water and Power Abid Sher Ali Tuesday informed the Functional Committee on Less Developed Areas that...

NHA directed to expedite work on Takht Bai project

ISLAMABAD: The Senate Standing Committee on Communications Tuesday expressed displeasure over delay in completion of Takht Bai Bridge in Khyber...

Rehabilitation, repair of 177 locomotives under way