Business

ISLAMABAD: M Zafar-u-Haq Hijazi has assumed charge as Chairman Securities and Exchange Commission of Pakistan (SECP). In his message to...

Action against 2 pharmaceutical companies: PPMA flays Health Dept

LAHORE: The Pakistan Pharmaceutical Manufacturing Association (PPMA), in a meeting, has criticised Punjab Health Department for taking action against two...

$78,000 worth 300 barrels/day: 5th gas discovery in Sanghar

KARACHI: Pakistan Petroleum Limited (PPL) and other partner have made 5th gas and condensate discovery in District Sanghar, Sindh. Official...

Rs45/kg increase in 7 days: LPG rate soars to Rs150/kg, domestic cylinder at Rs1,750 in Lahore

LAHORE: The marketing companies have once again increased the rate of liquefied petroleum gas (LPG) by Rs5 per kg, third time...

Exports to EU up by $909.07m in 9 months: Lifting moratorium on death will not affect GSP Plus

ISLAMABAD: Federal Commerce Minister Khurram Dastgir Khan has said that the lifting moratorium on death penalty will not affect GSP...

33.5% of Rs500b target: Agri credit soars by 42.7% to Rs167.6b in 5 months of FY14-15

KARACHI: The banks have disbursed Rs167.6 billion during the first five months (Jul-Nov 2014) of current fiscal year, showing 42.7pc...

Pakistan exports products of $900 million

byWaqar Ahmed Ansari

KARACHI: Pakistan got benefit of GSP Plus and exported products of $900 million. The exports of the running year from...

Govt declares March 15 deadline for feasibility report on Islamabad-AJK railway track

ISLAMABAD: The government has given a deadline of March, 15 for preparation of a feasibility report for laying railway track...

Govt to provide $475m to ensure timely completion of 969MW Neelum Jhelum Hydro Power Project

MIRPUR: Minister of State for Water & Power Ch Abid Sher Ali disclosed that AJK-based 969 MW Neelum Jhelum Hydro...

Rs17 billion relief: NEPRA confirms Rs2.97/unit cut in electricity tariff

ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has reduced electricity tariff by Rs. 2.97 per unit.The decision was taken after...

NAB arrests 26 accused in Rs6.5b Modarba scam

ISLAMABAD: The National Accountability Bureau (NAB) has arrested 26 accused involved in Rs 6.5 billion Modarba/Musharika case on corrupt practices...

Dar seeks NAB help to recover outstanding electricity bills

ISLAMABAD: Finance Minister Ishaq Dar does not agree with outsourcing recovery of bills to private companies. He said that it...

Mobile phone imports increase by 3.23% to $224.594m in first 4 months of FY 14-15

ISLAMABAD: Pakistan Bureau of Statistics (PBS) has reported that the imports of mobile phones increased by 3.23 per cent to...

Total reserves soar to $14.042b; SBP’s up by $144m to reach $9.347b from $9.203b

KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) have increased by 1.5 per cent on...

NAB re-arrests Mohibullah Khan on corruption charges

ISLAMABAD: The National Accountability Bureau (NAB) has arrested Mohibullah Khan, ex-project director of the Bannu Development Authority for his alleged...

Petrol price to decrease by Rs 5.15 in January

byM. Usman Tariq

ISLAMABAD: The price of oil in the international market has decreased 50 percent since June. It expected that the price...

Power failure plunges major Karachi areas into dark

KARACHI: The power supply to several areas of central Karachi, discontinued as extra-high tension wire of K-Electric tripped overnight. The...

16,000 cotton bales change hands between Rs4650-4900, spot rate up by Rs50 to Rs4,700