Business

ULAANBAATAR: The World Bank announced a new agreement with Mongolia, provides $22.7 million for the third phase of a project...

42 profiteers fined Rs33,000 in Karachi

KARACHI: The divisional and district administration of Karachi metropolis has challaned 42 shopkeepers and imposed Rs33,000 fine for profiteering and...

2-day workshop: US experts share techniques with CCP staff to detect cartels, deceptive marketing practices

KARACHI: The Competition Commission of Pakistan (CCP), in collaboration with the USAID, US Department of Commerce's Commercial Law Development Programme...

2012–2013 total volume of operations €460m: UNIDO, NUST fostering entrepreneurship

ISLAMABAD - The United Nations Industrial Development Organisation (UNIDO) and the National University of Science & Technology (NUST) have agreed...

20,500 students, 130 new teachers in UAF: German envoy for exchange programme to strengthen ties

FAISALABAD: German Ambassador to Pakistan Dr Cyrill Nunn has called on University of Agriculture Faisalabad (UAF) Vice Chancellor Professor Dr...

Non-supply of gas by CDA to I16 Sector irks Senate body; Saudi Development Fund to give $20m for hospital

ISLAMABAD – ICT Director Development told the Senate Functional Committee on Government Assurances that Saudi Development Fund would provide financial...

SECP takes action against 94 firms

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