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$40m assets: HSBC Bank Oman announces to sell business to Meezan Bank
MUSCAT: HSBC Bank Oman has announced to sell its banking business in Pakistan to Meezan Bank, a Sharia-compliant Pakistani lender....
NUST, Tus-Holdings join hands to establish science, technology park
ISLAMABAD: National University of Sciences and Technology (NUST) and Tus-Holdings have joined hands to establish the National Science and Technology...
300MW from Quaid-i-Azam solar park by year end, claims Shahbaz
LAHORE: Chief Minister Shahbaz Sharif, after a meeting with Chinese investors, has said that the Quaid-i-Azam Solar Park Project in...
Farmers urge Punjab govt to withdraw tax on agriculture income
MULTAN: The Southern Punjab farmers have urged the Punjab government to withdraw agricultural taxes in order to provide relief to...
Meezan Bank agrees to acquire HSBC Bank Oman
ISLAMABAD: The Meezan Bank has signed an agreement with HSBC Bank to acquire the latter’s banking business in Pakistan, according...
Mepco completes 31 power projects for continuous electric supply to consumers
MULTAN: The Multan Electric Power Company (Mepco) completed 31 electricity projects with Rs 1.74 billion to provide uninterrupted power supply...
Sindh CM launches Guzara Allowance ATM card for distribution of Zakat
KARACHI: Sindh Chief Minister Syed Qaim Ali Shah Saturday said that distribution of Zakat is a great religious responsibility, therefore...
Equitable share of CPEC should be ensured to province: Dr Shahzad Waseem
ISLAMABAD: Equivalent development opportunities should be provided to all provinces through China Pakistan Economic Corridor (CPEC) project, advisor to chairman...
Tevta to impart vocational training to 25,000 prisoners
LAHORE: The Technical Education & Vocational Training Authority (Tevta) has announced to train 25,000 inmates in all the prisons of...
Meat industry lauds govt’s tax exemption move
LAHORE: The meat industry has lauded the government decision to give income tax exemption to the industry, which will boost...
Election of new board members: KP minister halts decisions of BoK board meeting
PESHAWAR: Khyber Pakhtunkhwa Finance Minister Muzaffar Said has ordered a stop implementation of decisions taken in a recent board meeting...
Punjab govt allocates Rs1.5b in budget to deal with natural catastrophes
LAHORE: The provincial government has allocated record Rs1.5 billion in budget for fiscal year 2015-16 for coping with the natural...
IMF agrees to release last tranche of $506.4m to Pakistan
SLAMABAD: The International Monetary Fund (IMF), under a three-year bailout package, has released the last tranche of $506.4 million to...
900MW Quaid-i-Azam Solar Park to be completed by 2016
LAHORE: A Chinese delegation has called on Chief Minister Shahbaz Sharif and agreed to work on 900MW solar power project...
Low gas pressure brings PSM’s production to zero
KARACHI: Due to low gas pressure, the production of Pakistan Steel Mills has touched zero level. Sources said that, the...
Nepra reduces power tariff by Rs1.86 per unit
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has reduced power tariff by Rs1.86 per unit on account of fuel...
US may grant zero duty on import of Pakistani mangoes
ISLAMABAD: The Ministry of Commerce and the United States government officials, during a high-level meeting, discussed the issues related to...
Restoration of damaged submarine cable initiated, PTCL to continue internet service
KARACHI: The international consortium, that manages the submarine cable systems, has initiated restoration work of submarine cable SEA-ME-WE 4, which...
LSE stops trading in shares of 55 defaulter firms
LAHORE: The Lahore Stock Exchange (LSE), through a notification, has announced to suspend trading in shares of 55 defaulter companies....
PARC, Jobs Trust join hands to introduce innovations in agri research
ISLAMABAD: Pakistan Agricultural Research Council (PARC) and Jobs Trust, a Non-Governmental Organisation, have joined hands to introduce latest innovations, technologies,...
