Business

ISLAMABAD: Islamabad Electricity Supply Company (IESCO) has reduced the duration of power outages for the industrial sector from five hours...

Sindh, Punjab to jointly attract investments in agri and livestock sectors

Karachi – The Sindh Board of Investment (SBI) and the Punjab Board of Investment and Trade (PBIT) will jointly attract...

WHO: Over 1b or about 15pc of world population, 2.49pc Pakistanis suffer some disability

Islamabad – The World Health Organisation (WHO) revealed that over 1 billion people or around 15 percent of the world’s...

$45.6b energy, infrastructure projects in limbo: NHA chief flayed over new economic corridor route

ISLAMABAD: The Foreign Affairs Committee of the Senate has said that the issue of China-Pakistan Economic Corridor (CPEC) is political...

TIP asks NAB to probe govt-Bahria Rs45b corruption as Metro project cost up Rs70b from Rs25b

LAHORE - The National Accountablity Bureau has been asked by the Transparency International Pakistan (TIP) to look into the alleged...

Rs970m borrowed in 1992, Rs5b paid: LHC rejects NAB’s petition to reopen Sharifs cases

LAHORE: The Lahore High Court has rejected the National Accountability Bureau’s (NAB) petition to reopen cases against the Sharif family...

PR gets 15 locomotives of 3,000 HP from China under Rs19.4b revamping project

ISLAMABAD - To generation of the much-needed revenue, Pakistan received the last batch of 15 diesel electric locomotives of 3,000...

Swatch aims to introduce smart watch in next 2-3 months

NEW YORK: Swatch aims to introduce a smart watch in the next two to three months, the Swiss watchmaker said....

Cement sales show more than 6% growth in 7 months

LAHORE: Cement sales showed more than 6 per cent growth during the first seven months of this fiscal year over...

Govt releases 41% funds worth Rs216.2b for PSDP in 7 months of FY14-2015

ISLAMABD: The government has released 41 percent funds for the Public Sector Development Programme (PSDP) within seven months (July to...

Saaf Pani Project: 1500 water filtration plants to be set up in Punjab

LAHORE: Punjab Chief Minister Shahbaz Sharif chaired a meeting to review the pace of Saaf Pani Project. He said that...

Violation of rules: PESCO buys six non-customs paid vehicles costing Rs2.6m

ISLAMABAD: Peshawar electric supply company (PESCO) bought six non-customs paid vehicles costing Rs2.6 million which is a violation of rules...

Late payments to IPPs, PAC sub-committee suffers Rs 1.25b loss

ISLAMABAD: The Auditor General of Pakistan (AGP) has said that a sub-committee of Public Accounts Committee faced loss of Rs1.24...

Exchange Committee of SBP issues exchange rates bulletin

KARACHI: The Exchange Rates Committee of State Bank of Pakistan issued the following exchange rates bulletin here on Friday. ...

SECP approves Sukuk rules U/S 506A of Companies Ordinance, 1984,

ISLAMABAD - The Securities and Exchange Commission of Pakistan (SECP) has approved the regulations for issuance of Sukuk as part...

Tax collection target cut by Rs119b to Rs2,691b from Rs 2,810b: IMF’s $518m 7th tranche in Mar

ISLAMABAD – After successfully completed negotiations with Pakistan on the sixth review under the three-year Extended Fund Facility (EFF) in...

Portugal Fresh says export volume up 26pc to 983m euros from 780m in 3 years: Pakistan opens in Berlin “Fruit Logistica 2015”