Business

ISLAMABAD: Minister of State for Water and Power Abid Sher Ali claimed that 1,500 to 2,000MW of electricity will be...

103m SIMs verification: Govt cuts Nadra charges to Rs10; waives off ST on replacement of SIMs

ISLAMABAD: Under the National Action Plan, the government has decided to re-verify 103 million cellphone SIMs in phased-wise plan and...

Clearance of dues: LSE restores trading in Pace Pakistan TFCs

LAHORE: The Lahore Stock Exchange has restored trading in the term finance certificates (TFCs) of Pace (Pakistan) Ltd. As per...

Rs1b project: Novatex, Dubai Islamic Bank join hands for expansion of PET resins plant

KARACHI: Novatex Limited has signed an agreement of Rs1 billion with Dubai Islamic Bank Pakistan Limited (DIBPL) for expansion of...

Khalid Rahman appointed new MD of SSGC

KARACHI: Ministry of Petroleum and Natural Resources has appointed Khalid Rahman as the Managing Director of Sui Southern Gas Company...

17 out of 29 issues offered: SECP approves book-building regulations 2015

ISLAMABAD: Continuing the practice of both the developed and emerging markets, the Securities and Exchange Commission of Pakistan (SECP) has...

Rs1.64 relief for consumers: Nepra cuts K-Electric tariff on monthly fuel adjustment

ISLAMABAD: Taking up the Central Power Purchasing Agency (CPPA) petition for relief to consumers of K-Electric, the National Electric Power...

650,000 tonnes exports: SBP introduces new system for sugar export, payment to growers

KARACHI: In order to set up a mechanism for export, the State Bank of Pakistan (SBP), through a circular, has...

8-inch diameter gas pipeline blown up in Dera Bugti

DERA BUGTI: Some miscreants have blown up an eight-inch diameter gas pipeline in Pirkoh gas field area. According to Levies...

Nadra to charge Rs10 instead of Rs23: Verification of 103m SIMs on the cards

ISLAMABAD: Divided into two categories, a total of 103 million cellphone SIMs will be verification in phased-wise plan under the...

481.5km distance: Dosti Bus service limited to Wagah over terror threat

LAHORE: The Dosti Bus service between Pakistan and India has been restricted to Wagah border due to terror threats. Now...

Export target of $25b hampered: PTEA bemoans delay in new textile policy

FAISALABAD: The absence of new textile policy has been hampering the country textile export target of $25 billion which currently...

Cotton prices decrease by Rs100 to Rs4,800 per maund

KARACHI: The cotton prices in the country Tuesday decreased owing to larger local crop size and import of Indian cotton...

Cement sales up by 6.23% to 17.12m tons in July-Dec 2014 from 16.11m tons

KARACHI: The country’s cement sector witnessed healthy growth of 6.23 per cent to 17.12 million tons during the last six...

Rs14.64b two projects recommended: CDWP okays nine projects worth Rs4.72b

ISLAMABAD: The Central Development Working Party (CDWP) approved nine projects for different sectors at a cost of Rs4.72 billion and...

Rs552.697m and Rs1,478m saved: Nepra slashes K-Electric power tariff by Rs1.64

ISLAMABAD: Taking up the Central Power Purchasing Agency (CPPA) petition for relief to consumers of K-Electric, the National Electric Power...

Pakistan’s leather shoes export rises by 25.90pc

byWaqar Ahmed Ansari

KARACHI: The country witnessed 25.90 percent increase in the export of leather shoes. It has also been witnessed that export...

Brent crude oil faces new five-year low of $52.27 per barrel

NEW YORK: The price of Brent crude oil faced a new five-and-a-half year low of $52.27 per barrel, its lowest...

Portugal aims to issue up to €14 billion treasury bonds in 2015