Business
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No policy since 2000: Dar directs to finalise 4th Aviation Policy in ECC meeting
ISLAMABAD: Federal Finance Minister Ishaq Dar, during a meeting for reviewing the proposed Aviation Policy put forth by the Aviation...
Warid, Ericsson announce 3-yr extension to partnership agreement
LAHORE: Warid Telecom & Ericsson has announced a three-year extension of their managed services partnership during the Mobile World Congress...
System to start getting 200 mmcfd LNG from 31st, first shipment to arrive on 26th: Abbasi
ISLAMABAD: The first shipment of Liquefied Natural Gas (LNG) would arrive from Qatar on March 26 and supply would be...
1100, 720, 590MW projects worth $5b afoot in Pakistan, Chinese firm tells Nawaz
ISLAMABAD: China Three Gorges Corporation told Prime Minister Nawaz Sharif of various projects it was working on in Pakistan and...
Punjab government to take action on not reducing ghee and oil prices
LAHORE: Punjab Provincial Minister for Industry, Trade & Investment, Ch. Muhammad Shafique has said that strict action will be taken...
Cotton down by 30% to 4,300 bales
KARACHI: The cotton market has faced low trend as most of the textile millers stayed away from the buying over...
Despite reimbursement of Rs937m, Shell announces Rs1.067b loss
KARACHI: Despite better cash flow, Shell Pakistan Limited has posted an after tax loss of Rs1.067 billion for the year...
Shell Pakistan posts net loss of Rs1,067m against Rs1,061m profit of last year
KARACHI: Shell Pakistan Limited posted a net loss after tax of Rs1,067 million against a profit-after-tax of Rs1,061 million in...
HBL signs deal to get Barclays’ about Rs52.402b net assets with 7 branches in Pakistan
KARACHI: Habib Bank Limited (HBL) has entered into an agreement Barclays Pakistan to buy its local business. Net assets Barclays...
IESCO declares power suspension programme
ISLAMABAD: The Islamabad Electric Supply Company (IESCO) has announced power suspension programme for different areas of its region. The power...
$45.6b Economic Corridor: Islamabad, Beijing to speedily finalise framework accord
ISLAMABAD: Pakistan and China decided to speed up the process of finalising a framework agreement for the China-Pakistan Economic Corridor...
1500MW to be added before summer: PM for completion of 1320MW Jamshoro plant by 2018, 3,600 MW plants in Karachi by 2017
ISLAMABAD: To overcome power crisis in the country, Prime Minister Nawaz Sharif has directed that 1320MW Jamshoro power plants should...
8.5% interest rate, 3.20 inflation: IMF lauds Pakistan’s economic progress
WASHINGTON: The International Monetary Fund (IMF) has lauded Pakistan government, saying that the country’s economy has improved due to cautious...
Rs1700b bidding in Govt Procurement Group: Dastgir says WTO okays Pak as observer, terms Tauqir’s appointment on merit
ISLAMABAD: Federal Minister for Commerce Khurram Dastgir Khan has said that World Trade Organisation (WTO) has approved to include Pakistan...
8th Int’l Mobile Commerce Conference 2015 by AbacusConsulting lauded
KARACHI: In collaboration with its technology partner SAP, AbacusConsulting sponsored the 8th International Mobile Commerce Conference 2015 which maintained its...
IMF sees SBP rate cut by 100, 50bps, $11.75b remittances behind economic uplift
WASHINGTON: The International Monetary Fund (IMF) has credited the prudent monetary and fiscal policies of the Pakistan government, strong capital...
CDNS achieves Rs238b savings against Rs284b target during Jul-2014 to Feb-2015
ISLAMABAD: During July 1st, 2014 to February 30, 2015, the Central Directorate of National Savings (CDNS) has achieved Rs238 billion...
53% hike in industrial gas tariffs to enhance fertilizer by Rs200/bag; minister asks govt to review proposal
LAHORE: Punjab Minister for Agriculture Dr Farrukh Javed has asked the federal government to review the decision of increasing 53...
33,744 complaints, Rs1.734b recovered, 30 held: NAB nabs Director of company in Rs7.5b Modaraba scandal
ISLAMABAD: The National Accountability Bureau (NAB) has arrested Mufti Ehsanulhaq Fiayyzi Group of Industries Director Hafiz Mukhtar Khan over his...
KU cancels 3 candidates’ admissions over forged Hifz- e- Quran certificates
KARACHI: Over submission of forged or tampered Hifz- e- Quran certificates, the Karachi University cancelled admissions of candidates pertaining to...
