Business
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6-month moratorium by SBP: Askari, Sindh Bank show interest in purchasing KASB Bank
KARACHI: State Bank of Pakistan (SBP) has granted permission to Askari Bank and Sindh Bank to carry out due diligence...
132 children killed: Dar terms Peshawar attack a national tragedy
ISLAMABAD: Federal Finance Minister Ishaq Dar, condemning the terror attack on Peshawar school, has said that the killings of 142...
314 CNG gas stations: IHC directs ministry to formulate policy for equal gas supply
ISLAMABAD: The Islamabad High Court (IHC) single bench, comprising Justice Athar Minallah, has directed the Ministry of Petroleum to formulate...
$2b investment in 3 years: K-E to set up 600MW coal-fired plant, covert 400MW plant to coal; pay dividend
ISLAMABAD: The management of K-Electric has earmarked $1 billion for construction of a 660 MW coal-fired power plant in Gaddani...
Legislation urged to ensure suitable wage to women cotton pickers
KARACHI: The government should enact legislation to ensure appropriate wages and protect the rights of more than half million women...
Peshawar carnage: Karachi traders decide to keep businesses close
KARACHI: After Peshawar’s incident business community decided to keep their business closed and observe the day of mourning all over...
Population Welfare Dept to observe Family Planning Week
MULTAN: The Punjab government has directed the Population Welfare Department to observe Family Planning Week to create awareness about population...
Gas tariff likely to increase by 9pc after ECC issues policy guidelines to OGRA
ISLAMABAD: Policy guidelines to the Oil and Gas Regulatory Authority (OGRA) for change in the gas pricing mechanism have been...
Land corruption: SC upholds stay order against sale of 600 acres in Karachi
ISLAMABAD: Supreme Court (SC) has upheld its stay order against sale of 600 acres land near coastal area. A 3-member...
LPG price increased by Rs5/kg without notification
LAHORE: The price of liquefied petroleum gas (LPG) has been increased by Rs5 per kg. “Prices have illegally been increased...
Petroleum prices likely to decrease by Rs8/liter by Jan 2015
ISLAMABAD: The Prices of Petroleum products in Pakistan are expected to decrease up to 8 rupees due to sharp fall...
Pakistan producing up to $1.5b worth defence hardware per Year
ISLAMABAD: Pakistan’s local defence production industry has made great stride by producing hardware worth $1.5 billion per year. According to...
USAID spent $3b out of $5b on uplift: Pakistanis not anti-American: Envoy
PESHAWAR: The USAID programme in Pakistan is the second largest in the world which has spent $3 billion out of...
Christmas shopping spree: Traffic snarl-up clogs Karachi roads
KARACHI: Worst-ever gridlock on almost all major thoroughfares of the provincial metropolis stuck Karachiits for hours, leaving them cursing their...
4.7m families to get Rs21b thru BISP, 366,000 deprived due to 13.5% short fall
ISLAMABAD: The government has released Rs21.3 billion to as many as 4.7 million deserving families through Benazir Income Support Programme...
100MW Gulpur Hydropower Project: PPIB prepares security package for power projects
ISLAMABAD: The Private Power and Infrastructure Board (PPIB), under the supervision of Secretary Water and Power Muhammad Younas Dhaga, has prepared...
Rs51b burden likely on gas consumers: Ogra working out new tariff mechanism under ECC guidelines
ISLAMABAD: Gas-starved consumers are likely to bear the burden of more than Rs51 billion as the Oil and Gas Regulatory...
Rs0.5m per family: Relatives of Baldia factory fire victims protest for compensation
KARACHI: The relatives of the Baldia factory fire victims have protested for the compensation announced by the government and others....
Agri loans soar to Rs290.35b from Rs257b: Govt sets Rs500b target for FY14-15
KARACHI: The agriculture loans have soared up from Rs257.09 billion to Rs290.35 billion at the end of fiscal year 2013...
Rs0.5m per family: Relatives of Baldia factory fire victims protest for compensation
KARACHI: The relatives of the Baldia factory fire victims have protested for the compensation announced by the government and others....
