Business

ISLAMABAD: The Securities and Exchange Commission of Pakistan (PECS) has taken an action against 94 firms and initiated show-cause proceedings...

OCAC says circular debt caused petrol crisis: Demand 12,300 tons/day in Dec, 15,500 in Jan, to settle at 16,500 in Feb:

KARACHI - A senior official at Oil Companies Advisory Council (OCAC) said that the circular debt, that choked cash flows...

1,320MW project worth $1.54b: Nepra okays 8.12 cents/unit for Port Qasim plant for 30 years

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra), exercising powers under section 31 sub section (4) of the Regulation of...

100 doctors block road: Rawalpindi young doctors protest for service structure

RAWALPINDI: The Young Doctors Association (YDA) Rawalpindi chapter has announced to stage protest for their demand of improvement in service...

Pakistan exports to EU increase 20% after GSP plus status

ISLAMABAD: German Ambassador in Pakistan Dr Cyrill Nunn has said that his country was ready to play its role as...

Car sales increase from 9,522 to 15,770: PAMA

KARACHI: Pakistan Automotive Manufacturers Association (PAMA) has stated that 15,770 cars were sold in January as compared to 9,522 units...

Cotton Association announces spot rates for local dealing

KARACHI: Karachi Cotton Association (KCA) on Friday announced the following KCA spot rates of crop 2014-15 for local dealing in...

Danish central bank cuts rate by 0.2% as euro weakens

COPENHAGEN: Denmark's central bank cut its deposit rate further into negative territory here the other day as market players speculated...

SS Group, Chinese firm sign deal: Rs8b turnover likely to cross Rs15b with 44-ton per hour poultry feed by 2016

LAHORE - The SS Group of Industries Pakistan has signed an agreement with Chinese firm Muyang Holdings Co Ltd for...

$1.5 billion investment: China to begin 700 km pipeline project to transport 1bcf/d LNG

ISLAMABAD: A media report has revealed that China Petroleum Pipeline Bureau (CPP) will shortly start laying 700 km Gwadar-Nawabshah gas...

Govt may face Rs196b revenue shortfall, reduces target by Rs119b from Rs 2,810b to Rs 2,691b: Dar

ISLAMABAD – Finance Minister Dar, on the floor of the National Assembly, said the government had estimated to face revenue...

Rs600,000 spent on 3 projects: Three waiting rooms inaugurated at Lahore Railways Station

LAHORE: Pakistan Railways General Manager (Operation) Javaid Anwar Boobak has inaugurated three new waiting halls at Lahore Railway Station. One...

Route of PCEC having China’s $45b investment pledge not to be changed: N-85, M-8 to connect Gawadar

Islamabad—Federal Minister for Planning and Development Chaudhry Ahsan Iqbal rejected all rumors regarding any change in route of Pakistan-China economic...

$ 247m investment, 100MW project: 5,528 acres allotted to generate wind power in Thatta

KARACHI: Two wind power companies, Gul Ahmed Wind Power Limited and Tenega Generasi Limited, have signed a land lease agreement...

2,242km corridor to cost $11.5b: Ministry denies giving new route for China-Pak economic corridor

ISLAMABAD: Communication Secretary Shahid Ashraf Tarrar has assured the Senate Standing Committee on Communication that no new proposal for change...

No settling tanks in 189 out of 256 units: Peshawar court orders closure of 45 marble factories

PESHAWAR: Peshawar High Court’s Justice Yahya Afridi and Justice Syed Afsar Shah, while hearing an application filed by the Pakistan...

No gas for 13 days in Jan, 43 days since Oct: SITE industries facing worst gas crisis