Business
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Govt releases Rs6,832m out of Rs17.08b development funds to Fata
ISLAMABAD: The federal government has released Rs6,832 million out of total development funds of Rs17.08 billion to Federally Administered Tribal...
3 injured as girder of incomplete Metro Bus project falls
RAWALPINDI: Three people were injured when a girder of incomplete Metro Bus project fell on several cars on Liaquat Bagh...
15.6% decline in 1st 8 months, 8.7% in Feb: Dastgir rejects reasons behind decrease in exports
ISLAMABAD: Commerce Minister Engineer Khurram Dastgir Khan has been ‘shocked’ by the 15.6 per cent decline in exports during the...
Land disparity causes poverty: 88% small farmers hold less than 12.5% land, 1.5% big farmers own over 150 acres
LAHORE: Land inequality in Pakistan is causing poverty as the larger farmers’ income is 31 times more than the average...
IHC issues notice to Austrian firm in contempt of court petition
ISLAMABAD: Islamabad High Court (IHC) Chief Justice Muhammad Anwar Khan Kasi has issued notice to an Austrian company, OMV Maurice...
100,000 pamphlets to be distributed among citizens: CDA launches anti-dengue drive
ISLAMABAD: Capital Development Authority (CDA) Chairman Maroof Afzal has ordered the Directorate of Health Services to start anti-dengue drive within...
Wheat import despite surplus stock sparks controversy at Finance Ministry
ISLAMABAD: The controversy of importing substandard wheat from Ukraine despite surplus wheat reserves in the country has frustrated the Ministry...
Oil, gas exploration in Karak: MPCL drilling by 2500HP, 1500HP rigs at depths of 5,600m of Eocene, Paleocene, Cretaceous reservoirs
ISLAMABAD: In search of oil and gas reservoirs, Mari Petroleum Company Limited (MPCL) embarked upon drilling of Halini Deep-1 and...
Spinners buy all grades at Rs4,950/maund to Rs 5,050; ginning units produce 60% stuff of 9,600 bales
KARACHI: Traders at Karachi Cotton Association (KCA) said the ginning units produced around 60 percent second grade stuff out of...
Business advisory council will be formed to strengthen govt-private sector partnership: Dar
KARACHI: The Federal Minister for Finance Ishaq Dar has said that a business advisory council will be formed to strengthen...
Rs36.8b motorway project: Infrastructure finance increases 16.7% to Rs297.8b
KARACHI: The State Bank of Pakistan (SBP) has reported that the total outstanding infrastructure finance has surged to Rs297.8 billion...
Growth rate to exceed 4.1%, but how? SBP’s ‘buoyant’ statement on govt economic performance ignores shortfalls
LAHORE: The optimistic Monetary Policy Statement (MPS) for March 2015 on the government’s economic performance issued by the State Bank...
Govt to introduce Euro-2, 3, 4 and 5 diesel for clean energy in Pakistan: Khaqan
ISLAMABAD: Federal Minister for Petroleum & Natural Resources Shahid Khaqan Abbasi has said that in bid to control environment hazards,...
$3.5 billion released so far: IMF approves 7th tranche of $501.4m
ISLAMABAD: The Executive Board of the International Monetary Fund (IMF), after completing the sixth review of Pakistan’s economic performance, has...
Pakistan to export 1,500 metric tonnes rice to China: TDAP
KARACHI: A delegation of Guangdong Grain Association of China, during a B2B meeting, has sealed an agreement with Rice Exporters...
147,000 cubic feet LNG shipment: Abbasi to observe off-loading at Port Qasim
KARACHI: Federal Minister for Petroleum & Natural Resources Shahid Khaqan Abbasi will personally observe off-loading of the first shipment of...
Govt’s solid steps help economy back on track, claims Dar
ISLAMABAD: Federal Finance Minister Ishaq Dar, while giving a policy statement on the floor of the House, has claimed that...
CDA sets Rs600m to Rs800m revenue target thru advertisements, launches drive against illegal billboards
ISLAMABAD: Capital Development Authority (CDA) has set Rs600 million to Rs800 million revenue target through advertisements and launched a drive...
100,000 bpd capacity: PM backs UAE company to set up $500m oil refinery in KP
ISLAMABAD: Prime Minister Nawaz Sharif has encouraged a company of United Arab Emirates (UAE) to set up an oil refinery...
Govt guarantees issued for five 230MW wind power projects worth $600m
ISLAMABAD: The Alternative Energy Development Board (AEDB) has issued government guarantees for construction of five 230MW wind power projects worth...
