Business

ISLAMABAD: National Transmission and Dispatch Company (NTDC) said that the electricity shortfall has increased to at least 5000 Megawatt (MW)...

Police baton-charge protesting farmers; 70 briefly held

LAHORE: The police Wednesday baton-charged the protesting farmers at Lahore Press Club and arrested 70 of them and later released...

ADB outlook sees Pakistan’s economy as stable; projects 4.2pc growth against 5.1pc target

ISLAMABAD: The Asian Development Outlook by the Asian Development Bank (ADB) has admitted that the Pakistan’s economy is stable, though...

$615m FDI not 1pc of GDP; 196 foreign investor in Pakistan; recent years saw no new one: OICCI

byShazad Ahmed

LAHORE: Because of non-conducive business environment, non-implementation of government policies and security concerns, not a single new foreign investor had...

OGDC to start getting 1,095 barrels of crude oil a day from Tando Allahyar well at a cost Rs700m

ISLAMABAD: The Oil and Gas Development Company announced that 1,095 barrels of crude oil per day will be obtained from...

Policy rate at 13-yr low of 8%: Cut in interest rate won’t change banks earnings

KARACHI: Reduction of 50 basis points in interest rate by the State Bank of Pakistan (SBP) will not affect banks...

50 students, 6-month internship: Microsoft trains youths from remote regions

KARACHI: Microsoft Pakistan, under the company’s initiative Microsoft Innovation Centre (MIC), has enrolled and trained over 50 students from remote...

PYMA welcomes cut in mark-up rate by 50bps from 8.50pc to 8pc

FAISALABAD: The Pakistan Yarn Merchants Association (PYMA) has welcomed the 50 basis point cut in mark-up rate by the State...

Chaired by Dar, 2 meetings review progress on privatisation plan, PSEs reform

ISLAMABAD: Finance Minister Ishaq Dar reviewed progress on the privatisation plan and reform of public sector enterprises. The FM chaired...

2.6 million population, one slaughterhouse: CDA unable to retrieve land for abattoir

ISLAMABAD: The Capital Development Authority (CDA) could not retrieve land from a restaurant built in I-9/4 sector on the of...

Rs160,000 and Rs0.4m compensations for each Op victim: KP NAB nabs FDMA AD, 2 others for Rs60m embezzlement

PESHAWAR: National Accountability Bureau (NAB) Khyber Pakhtunkhwa zone has arrested FATA Disaster Management Authority (FDMA) Assistant Director Irfanullah, United Bank...

Private firms get Rs250m, Rs500m projects; CDA refuses to sign 8-year metro bus operational contract

ISLAMABAD: Sans taking the Capital Development Authority (CDA) on board, the Punjab Metro Bus Authority (PMBA) has signed three service...

Yarn trade up by 14.42% to $29.581m: Textile exports increase by 0.47% to $9.179 billion in July-Feb

LAHORE: The textile exports have surged by 0.47 per cent to $9.179 billion during the first eight months (July-February) of...

Rs48.321m, Rs49.27m, Rs14m corruption: NAB decides to file 3 references, start 3 inquiries

ISLAMABAD: National Accountability Bureau (NAB) Chairman Qamar Zaman Chaudhary, during the executive board meeting, has said that the Bureau is...

Widows’ pension up from 75pc to 100pc, Rs800,000 for daughter’s marriage as families’ package enhanced

ISLAMABAD: The government had enhanced the package for the families of the government employees who die during service, said State...

7th largest city of 21m people: BRT guru Enrique Penalosa in Karachi at ADB’s invitation

KARACHI: Bus Rapid Transit (BRT) guru Enrique Penalosa has been in the city of Karachi at the invitation of the...

Asian Development Bank launches Asian Development Outlook Report 2015

byM Arshad

ISLAMABAD: The Asian Development Bank released its landmark report Asian Development Outlook 2015 (ADO) on Tuesday. ADO provides a comprehensive...

CDA directed to auction plots allotted to defunct English daily till 31st

ISLAMABAD: Implementation Tribunal for Newspaper Employees (ITNE) Chairman Justice (R) Rauf Ahmed Sheikh has asked the Capital Development Authority (CDA)...

Pervaiz Elahi flays PML-N govt for cancelling his projects