Business

KARACHI - The US Department of Agriculture (USDA) and American Soybean Association launched the "Aquaculture Handbook - Fish Farming and...

WB to give Pakistan $1.5b, ADB to give $1.68b as loan in 2015

ISLAMABAD: World Bank and Asian Development Bank will give Pakistan $1.5 billion and $1.68 billion loans respectively during the year...

China’s proposed $42b investment in Pakistan: Chinese team exploring trade opportunities

ISLAMABAD – After China had promised investment worth $42 billion in Pakistan, a delegation of Chinese businessmen and traders reached...

11 out of 17 Guddu units trip, 500KV power line affected: Sindh, Balochistan and Punjab deprived of electricity for 12 hours

KANDHKOT: The major areas of Sindh, Balochistan and Punjab were deprived of electricity for 12 hours, when 11 units of...

$1b project: K-Electric, Chinese firms sign pact to build two 350 MW power plants

KARACHI: K-Electric (KE) and two Chinese companies i.e. China Machinery Engineering Corporation (CMEC) and China Datang Corporation have signed an...

70m overseas Pakistanis should play role: Pakistan is land of opportunities for business, says Darst

KARACHI: David Darst, a renowned economist, has said that Pakistan is a land of opportunities, where traders can flourish their...

CDA illegally allots 3,900 plots worth Rs20b, suffers Rs2.5b loss, PAC unearths

ISLAMABAD – In defiance of the rules and criteria, the Capital Development Authority (CDA) has allotted 3,900 plots worth Rs...

China firm, K-Electric sign deal: 700MW coal plants to be set up at Port Qasim at cost of $1b

KARACHI – For setting up coal-fired power projects of 700 MW at Port Qasim at a cost of $1 billion,...

Sale of petrol in bottles, plastic bags, drum banned

KOHISTAN: The Deputy Commissioner, Kohistan Lower under section 144 Cr.P.C. has prohibited the sale of petrol by the public, in...

CDA aims to launch anti-measles drive, 260,000 children to be vaccinated in 12 days

ISLAMABAD: The Capital Development Authority (CDA) aims to launch a large scale anti-measles drive in the city. Slum areas will...

London investment moot discusses business opportunities in Pakistan

ISLAMABAD: The third annual UK-Pakistan Trade and Investment Conference was held in London. It was arranged by UK Trade and...

Deprived of 250m gallons a day, Karachi water woes may worsen due to power breakdown

KARACHI: The water shortage in Karachi, which has been deprived of around 250 million gallons per day, may worsen as...

CPPA requests NEPRA to reduce Rs 3.20 per unit in power charges

byM. Usman Tariq

ISLAMABAD: The Central Power Purchase Agency (CPPA) requested the National Electric Power Regulatory Authority (Nepra) to decrease electricity charges for...

PIA flight PK-741 delays by 1 hour: Passengers get furious as minister comes 30 minutes late

ISLAMABAD: The passengers of PIA flight PK-741 got furious when Federal Minister for Religious Affairs Sardar Mohammad Yousuf arrived late...

As fuel cost declines to Rs6.32 per unit, CPPA proposes Rs3.20 cut in power tariff

ISLAMABAD - In view of decline in international prices of fuel and extensive loadshedding in December, the Central Power Purchase...

Moody’s: Despite having $6.6b IMF loan, Pakistan’s targeted fiscal deficit of 4.5pc of GDP impeded amidst fuel crisis

ISLAMABAD – Moody’s, a ratings agency, said Pakistan’s ongoing fuel shortage that has led to worsening power blackouts is weighing...

Expenses decline to Rs4.74b: Engro Foods earns Rs868m profit in 2014 against Rs870m in 2013

KARACHI - Engro Foods Limited (EFOODS) announced consolidated earnings for the year ended Dec 31, 2014, at Rs868m with earnings...

250 patients examined, 40 referred to Al-Shifa Hospital: MOL arranges one-day free eye camp