Business

KARACHI: Under the plan to set up 1,000 ATMs in 2015, the National Bank of Pakistan (NBP) established first ATM...

Cement exports up by 1.9% to $229.85m, gems by 40% to $3.743m

ISLAMABAD: Cement exports have increased by 1.9 per cent to $229.85 million from $225.56m the first five months (July-November) of...

172 passengers, crew remain unhurt: PIA flight from London crash lands at Lahore airport

LAHORE: Pakistan International Airlines (PIA) flight PK-758 from London has crash landed at the Allama Iqbal International Airport, however, the...

74% consumers use less than 200 units/month: 5 slabs system approved by Senate body

ISLAMABAD: The Senate Standing Committee on Water and Power, in its meeting, has okayed the old five-slab system to give...

New companies law: SECP asks Law Review Commission to submit draft till March 31

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), in a meeting headed by Chairman Zafar Hijazi, has urged the...

NTDCL maintains thirteen 500 kV grid stations, 5183 km of 500 kV & 9104 km of 220 kV transmission lines

MIRPUR, AJK: National Transmission and Despatch Company Limited (NTDCL) Managing Director Tahir Mahmood has said that the company has commissioned...

K-Electric’s $2 investment plan lauded: President vows to eliminate energy crisis

ISLAMABAD: President Mamnoon Hussain appreciated the $2 billion investment plan of the K-Electric and Abraaj Group and reiterated the government...

Rs6 to 14 cut in rates of POL products on the cards

ISLAMABAD: Following lowing prices of crude in world market, the masses are going to get relief in the rates of...

Rs1.08 trillion assets till June 30: Islamic banking’s deposits soar to Rs932b

KARACHI: State Bank of Pakistan (SBP) Deputy Governor Saeed Ahmad has said that despite the increasing demand for Islamic banking,...

24-inch gas pipeline dynamited in Sui, railway track in Bolan

QUETTA: Miscreants blew up a 24-inch gas pipeline in Sui area of Dera Bugti while a portion of Quetta-Sibi railway...

300MW cut off national grid: Inferno shuts unit-4 of thermal power plant

MUZAFFARGARH: Huge fire in unit-4 of 1,300MW a thermal power plant plunged the entire area into darkness and suspended supply...

Plugging Rs70b gap: GST on POL raised by 5pc to 22pc; govt to collect Rs45b

ISLAMABAD: In a bid to offset the revenue shortfall, the General Sales Tax (GST) on petroleum products has been increased...

650MW electricity: President ‘rejects’ backing power supply to K-Electric from national grid

ISLAMABAD: President Mamnoon Hussain, during a meeting with a delegation of the K-Electric, has rejected to support the continuation of...

24-inch gas pipeline blown up in Sui

QUETTA: Some miscreants have blown up a 24-inch gas pipeline in Sui area of Dera Bugti district and a portion...

Prices of food items to come down after fall in oil prices

KARACHI: The price of essential food items are likely to decrease at Utility Stores after drop in the prices of...

US to give $532m to Pakistan under Kerry-Lugar Act

ISLAMABAD: US Ambassador to Pakistan Richard G Olson has met Federal Minister for Finance Ishaq Dar and informed him that...

Rs1m from Malik Riaz, Rs100,000 from Sindh govt for each victim family of Timber Market fire

KARACHI: Sindh Chief Minister Qaim Ali Shah, presiding over a meeting at the CM House, has announced Rs100,000 and Bahria...

Railways announces Winter Special Train between Pindi-Karachi on Jan 2

ISLAMABAD: Pakistan Railways (PR) is going to run a “Winter Special Train” to ply between Rawalpindi and Karachi during the...

Govt fixed rate at Rs150/kg: LPG sale at Rs240/kg continues