Business

SRINAGAR: After receiving complaints from traders, the government has constituted two-member body to probe into the irregularities at cross LoC...

3G, 4G Spectrum: PTA checking Rollout Obligations of licensees

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) has started checking Rollout Obligations of NGMS licensees and will complete the procedure soon....

No safe water for 63m people: KP marks World Water Day

PESHAWAR: The World Water Day has also been marked in Khyber Pakhtunkhwa as the Al-Khidmat Foundation, Peshawar chapter held a...

Disposing of 3,589 complaints, NAB recovered Rs1.432b, held 70 suspects of frauds in 2014, chairman told

KARACHI: National Accountability Bureau (NAB) Chairman Qamar Zaman Chaudhry was told that NAB had apprehended 70 suspects and recovered an...

World Bank approves $187m for SIAPEP as seepage, spillage, leakage cause loss of 40 to 50pc water

ISLAMABAD: For Sindh Irrigated Agricultural Productivity Enhancement Project (SIAPEP), the World Bank has made approval of $187 million to support...

Korean envoy concerned as exports down by 3% to 6%, imports by 33% to 23% in 2013-14

FAISALABAD: The Korean Ambassador in Pakistan expressed a hope that bilateral trade ties between his country and Pakistan would deepen...

NTDCL signs three wind power projects of 30MW, 49.5MW and 50MW capacity

LAHORE: National Transmission and Despatch Company Limited (NTDCL) has signed 30MW power project with Tapal Wind Energy Private Limited, 49.5MW...

SPI for Rs8,000-income group down by 0.23%, Rs35,000-group by 0.21%

ISLAMABAD: Pakistan Bureau of Statistics (PBS) data revealed that weekly inflation for combined income group witnessed a decline of 0.23...

Punjab industrial cost up by Rs22.5b; Sindh dumping 100,000 tones sugar due to lower price

LAHORE; With the Punjab industrial cost hike by at least Rs22.5 billion, the Punjab government’s unilateral fixation of sugarcane price...

Finance Ministry eyes secured & persistent funding to mortgage market through MRC

byM Arshad

ISLAMABAD: The Finance Ministry eyes in secured and consistent provision of long term funding to primary mortgage market with the...

Finance Ministry follows interim arrangement for resource allocation in absence of latest poverty estimates

byM Arshad

ISLAMABAD: In the wake of absence of last poverty estimates, the Finance Ministry has been following an interim arrangement for...

Pak-China economic corridor key to region’s progress: CM Punjab

LAHORE: Punjab Chief Minister Shahbaz Sharif termed Pak-China economic corridor is an important progress towards stability of increasing trade and...

APBF hails 50bps SBP rate cut, says credit to private sector declines to Rs 325.8b from Rs 224.5b

LAHORE: The businessmen welcomed the SBP’s decision of cutting interest rate by another 50 basis points, and said that the...

Pakistan’s PAEC committed to raising N-power from 755MW to 40,000MW by 2050

ISLAMABAD: Pakistan Atomic Energy Commission (PAEC) Chairman Ansar Pervaiz said that the overall production of nuclear power plants in Pakistan...

KSE-100 Index suffers 9.5pc loss since Feb 2015 after 127pc growth during three years

KARACHI: The Karachi Stock Exchange witnessed a decline of 9.5 percent in benchmark 100 index since February 2015 after three...

SPI for combined income group sees 0.23pc decline, for Rs8,000- group down by 0.23pc

ISLAMABAD: Weekly inflation for combined income group witnessed a decline of 0.23 percent for the week ended March 19 versus...

SBP amends rules, allows banks/DFIs to grant 10-year home loan

KARACHI: The SBP said that banks/DFIs can grant loan to an individual for up to 10 years as home loan,...

755MW nuclear power to reach 3,535MW by 2021; 40,000MW by 2050 target: PAEC

21/03/2015

Karachi: Under the Nuclear Power Vision, the overall of production of electricity will be increased to 40,000MW by 2050 by...

27km-long, $105m route: Sindh govt to build Red Line with own resources as ADB withdraws