Business
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Banks/DFIs can grant 10-year home loan as SBP amends regulations
KARACHI: The State Bank of Pakistan (SBP) has allowed long-term loans to individuals for solar energy systems required for residential...
Pakistan, China agree to fast-track work at $45.6b PCEC project, hold 4th round of talks soon
ISLAMABAD: Pakistan and China have agreed to fast-track the implementation of the Pak-China Economic Corridor (PCEC) project worth $45.6b while...
PM asks ministries to get ready for March 25 Pak-China meeting on $45.6b CPEC in Beijing
ISLAMABAD –Prime Minister of Pakistan Nawaz Sharif was briefed on various projects mainly pertaining to energy and infrastructure development that...
14-inch-diameter gas pipeline exploded in Dera Allah Yar
QUETTA: Some unidentified miscreants have blown up a 14-inch-diameter gas pipeline in Dera Allah Yar. Sources said that the militants...
69 entities to be sold, Rs67b already raised: Zubair briefs Dar about privatisation process
ISLAMABAD: Federal Finance Minister Ishaq Dar has discussed the process of privatisation with Privatisation Commission Chairman Muhammad Zubair, who briefed...
150 trucks moved back over violation: Body formed to investigate wrongdoings into LoC trade
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
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
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...
