Business

ISLAMABAD: The petrol shortage may continue for another week as no remedy is being done by any government department. Petroleum...

53 items, 17 cities: Weekly inflation down by 0.34%, up by 0.33% on YoY

ISLAMABAD: Pakistan Bureau of Statistics has reported that the weekly inflation for combined income group, measured through the Sensitive Price...

Record 3,589 complaints disposed of, Rs1.432b recovered in 2014: NAB chairman lauds Karachi office performance

KARACHI: National Accountability Bureau (NAB) Chairman Qamar Zaman Chaudhry, during a briefing at the Karachi office, said that NAB Karachi...

Cotton market remains down, all grades change hands between Rs4,950 to Rs4,975 per maund

KARACHI: Energy and petrol crisis have also gripped cotton market and buyers and sellers took to the sidelines as a...

Govt to raise $1.2b thru sale of HBL shares: PC to review sale of HBL, 88% shares in NPCC, 96% shares in HEC

ISLAMABAD: Privatisation Commission (PC) is going to review secondary public offering of Habib Bank Limited (HBL). Sources said that the...

16 local banks participate in road show for Dasu Hydropower Project

Lahore: The Pakistan Water and Power Development Authority (WAPDA) held a road show in Karachi to appraise the local banks...

Pakistan fourth largest exhibitor in Heimtextil fair: 220 textile exporters may get $70 to $80 million orders

ISLAMABAD: Textile exporters said that they are expecting to get orders worth $70 to $80 million from Heimtextil as Pakistani...

Rs 200 billion dues: Govt starts debt payment of PSO to overcome petrol shortage

ISLAMABAD: Federal Minister for Water and Power, Defence Khawaja Asif has said that the government is taking sound steps to...

Govt releases Rs 172.4b for various development projects under PSDP

ISLAMABAD: The government has released Rs 172.453 billion so far under PSDP for various projects against total allocations of Rs...

KP govt launches first micro-hydel power scheme with support of local community

BATTAGRAM: The Khyber Pakhtunkhwa government has launched the first micro-hydel power scheme with the support of local community for generation...

200 traders, industrialists to participate: Pak-America trade expo from May 23 in Washington

byMati ur Rehman

KARACHI: Pakistani and American governments are trying to further boost economic ties and for this purpose, a Pak-American Trade Expo...

Rs100/maund decline to Rs 5100/maund: KCA cotton rates remain unchanged at Rs4,950/maund

KARACHI: The Price of prime quality cotton fell by Rs100/maund (37.324 kilograms) to Rs5, 100/maund in line with the downward...

Rs100bn dues: Govt likely to renew agreement for 650MW supply to K-Electric

LAHORE: The government aims to renew the agreement for supply of electricity to K-Electric. The Ministry of Water and Power...

10 hours load shedding in textile sector despite PM’s instructions

LAHORE: The Water and Power Ministry has been increasing problems already being faced by the Punjab-based textile manufacturers. The ministry...

PSO’s circular debt crosses Rs200b: Petrol crisis may take 10 more days, fears Khaqan Abbasi

ISLAMABAD: Federal Minister for Petroleum Shahid Khaqan Abbasi said that it may take up to 10 days to bring the...

Rs33.996b for PAEC, Rs7.832b for HEC: Govt releases Rs172.4b out of Rs525b for development projects

ISLAMABAD (APP): The government has released Rs172.453 billion so far for several projects out of the total allocated amount of...

2600 exhibitors, 60,000 buyers, 130 countries: Pak pavilion becomes centre of attraction at Heimtextil

KARACHI: The Pakistani exhibitors got huge response at the Heimtextil, which is one of the largest international trade fairs of...

182nd BoD meeting: Govt committed to revitalise TIP, says minister