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1,100MW a reactor: World worries as China giving nuclear reactors to Pakistan
KARACHI: China is providing Pakistan two nuclear reactors – 1,100 megawatts each, giving the world another fear of way how...
Pak reserves stand at $16,136.6m, SBP’s $11,207.2m , banks’ $4,929.4m
KARACHI: Pakistan’s total liquid foreign reserves stood at US$16,136.6 million on 27 February 2015, shows the break-up of the foreign...
Sigh of relief to consumers as NEPRA cuts power tariff by Rs 3.24 per
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has issued a notification to reduce power tariff by Rs 3.24 per...
Indian Home Ministry announces project to replace floodlights with LED’s
NEW DELHI: The Indian home ministry has declared a project to replace floodlights with light-emitting diodes (LEDs) in 14-kilometre area...
China to increase military budget 10.1% in 2015, report
HONG KONG: The budget report released by National People’s Congress of China has revealed that military budget will increase by...
Inland Revenue issues summon to owner of medical stores chain allegedly involved in tax evasion
ISLAMABAD: The Directorate General Intelligence & Investigation Inland Revenue has issued summon to the owner of a famous chain of...
MoC likely to propose revision of trade-related SRO’s to facilitate exporters
ISLAMABAD: The Ministry of Commerce (MoC) will provide maximum facilitation to the exporters by proposing a revision in the trade-related...
Cotton prices remain steady
KARACHI: The prices of cotton remained steady on the cotton market. Most of the spinners and exporters tried to replenish...
Oil prices likely to decrease in US as supply outgrows
NEW YORK: The stores of U.S are full as oil supply out grows. Now it is expected that oil and...
FIA, PTA unearth six illegal gateways in Hangu, arrest two grey operators
ISLAMABAD: Six illegal gateways have been seized by Pakistan Telecommunication authority (PTA), Federal Investigation Agency (FIA) and special police team...
15,000 employees: CDA pays Rs315.353m salaries out of housing scheme’s funds
ISLAMABAD: The Capital Development Agency (CDA) has reportedly diverted development funds kept for its Park Enclave housing scheme to pay...
126th position on CPI: NAB chief directs all divisions to work hard
ISLAMABAD: National Accountability Bureau (NAB) Chairman Qamar Zaman Chaudhry, chairing the concluding session of a two-day meeting on annual inspection...
1.2m tons wheat export allowed: SBP directs banks, financial institutions to process subsidy claims
KARACHI: The State Bank of Pakistan (SBP) has urged the dealers to start wheat export subsidy claims and also directed...
11 actions taken in Jan, Feb 2015: SECP boosts enforcement drive in capital markets
ISLAMABAD: In bid to broaden its powers as a key financial regulator, the Securities and Exchange Commission of Pakistan (SECP)...
Rs2.810 trillion revenue target won’t be met: IPR flays govt for ‘missing’ economic targets
ISLAMABAD: Institute for Policy Reforms (IPR), an independent think-tank led by former finance minister Dr Hafiz Pasha, has criticised the...
From 6th to 8th March: Pakistan Auto Parts Show to attract world investors
KARACHI: The Pakistan Auto Parts Show (PAPS, a premier industry event, is being held at Expo centre Karachi from 6th...
Research in agri sector: UAF, Korean company join hands
FAISALABAD: A delegation of a Korean company has visited the University of Agriculture Faisalabad and signed an agreement for collaboration...
Net income increases 13.7% to Rs21.3b: Standard Chartered earns Rs9.8b in 2014, 8.2% down from 2013’s Rs10.7b
KARACHI: The Standard Chartered Bank has reported Rs9.8 billion for 2014 amounted to, down 8.2% from profits of Rs10.7 billion...
11 actions taken in Jan, Feb 2015: SECP boosts enforcement drive in capital markets
ISLAMABAD: In bid to broaden its powers as a key financial regulator, the Securities and Exchange Commission of Pakistan (SECP)...
Cotton market remains bearish, spot rate stands at Rs5,518 per 40kg
KARACHI: Despite prices remained steady, cotton market Thursday stayed bearish as leading traders withdrew to the sidelines. The Karachi Cotton...
