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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
KARACHI: The Pakistan’s largest industrial area, SITE, is facing the worst gas crisis due to low pressure, said Site Association...
2315 plots auctioned since 2008 for Rs52.23b: CDA delays land auction after real estate developers’ boycott
ISLAMABAD: The Capital Development Authority (CDA) has delayed commercial land auction, which was scheduled for Feb 17 after boycott by...
Reserves soar to $15.238b, SBP’s cash increases by $58m to $10.417b
KARACHI: The total liquid foreign exchange reserves of Pakistan reached $15.238 billion during the week ending February 6 as compared...
Violation of Section 10 of Competition Act, 2010: CCP takes action against deceptive medical advertisement on TV
ISLAMABAD: The Competition Commission of Pakistan (CCP), taking action against ‘fake’ advertisement of medical treatment, directed Pakistan Medical and Dental...
27pc hike in GST on POL, 5pc in duty on exportable items: Dar replies to 3-day protests, Opp walks out of NA
ISLAMABAD: On the floor of the National Assembly, Finance Minister Ishaq Dar responded to the three-day protests against new taxes...
