Business

KARACHI: To mourn the Karachi incident, in which 45 people were killed, the cotton market remained closed on Thursday. The...

Khushhali Bank launches ATM, debit card service

KARACHI: Increasing its facilities and to address growing needs of customers, Khushhali Bank Ltd (KBL), a microfinance bank, has launched...

Punjab govt set to launch solar-powered ATMs for clean water

LAHORE: With the aim to ensure continuous water supply, the Punjab government is going to launch solar-powered ATMs that dispense...

SECP okays new insurance rules

ISLAMABAD: With the aim to provide maximum relief to the insurance policy holders, the Securities and Exchange Commission of Pakistan...

From 3.7% growth to 4.1%: UN lauds Pakistan over economic revival

ISLAMABAD: The UN Economic and Social Commission for Asia and the Pacific (ESCAP) 2015 survey has revealed that Pakistan’s economy...

Wapda workers’ protest against privatisation of Lesco continues

LAHORE: The Wapda workers’ protest entered the fourth consecutive day as they staged demonstration against the proposed privatisation of Lahore...

Japanese govt to give Balochistan, KP Rs430m grant

ISLAMABAD: The Japanese government will give Balochistan and Khyber Pakhtunkhwa Rs430 million grant for acquiring machinery and equipment for technical...

Shortage of 500m gallon water: CM okays Rs160m grant for 1,000 tankers of water daily for Karachi

KARACHI: Sindh Chief Minister Syed Qaim Ali Shah has approved Rs160 million grant for the Karachi Water and Sewerage Board...

$1b investment in wind energy: Govt gives power sector a new life, says Dar

ISLAMABAD: Federal Finance Minister Ishaq Dar, addressing the launching ceremony of Lighting Pakistan Programme organised by the International Finance Corporation...

K-Electric, FIA join hands to control electricity theft

KARACHI: K-Electric and FIA officials meet to discuss the campaign against electricity theft. Sindh FIA Director Shahid Hayat Khan, Additional...

143,000cm cargoes for each 4 months: PSO cancels June LNG import; seeks for July-Oct

SINGAPORE: Pakistan State Oil (PSO) has cancelled import of liquefied natural gas (LNG) for June and is now seeking a...

Rabbani refers KASB-BankIslami merger to Senate committee

ISLAMABAD: Responding the an adjournment motion, moved by Senators Osman Saifullah Khan, Muhammad Ali Saif and Saeed Ghani, Senate Chairman...

Swedish asset management firm launches fund to invest in Pakistan

KARACHI: A Sweden-based asset management company, Tundra Fonder, has introduced a latest fund for making investment in Pakistan and other...

Aptma terms 6% import duty on polyester staple fibre destroyer for textile industry

LAHORE: The textile millers have said that six per cent duty on import of polyester staple fibre (PSF) has destroyed...

Ecnec okays 10 projects worth Rs538 billion

ISLAMABAD: The Executive Committee of the National Economic Council (Ecnec) meeting, under the chairmanship of Federal Finance Minister Ishaq Dar,...

Dar calls on ADB vice president, lauds financial support for infrastructure, energy sectors

ISLAMABAD: The Government is focusing on economic revitalisation, which needs investments in energy, infrastructure and social protection, while the results...

5% growth in volume, 21% in value: E-banking sector records 198,250 transactions of Rs51.5tr in Q3

byCT Report

13/05/2015

KARACHI: The country’s e-banking sector has recorded 5 per cent growth in volume as Pakistan Real-time Interbank Settlement Mechanism (PRISM)...

Mobile phone imports up 7.68% to $465 million in eight months

11/05/2015

ISLAMABAD: The country has witnessed rise in mobile imports by 7.68 per cent to $465 million in first eight months...

0.5m ton illegal imports annually: Govt urged to take action against cement smuggling thru Taftan border