Business

RAWALPINDI: With the work on Metro Bus service is nearing completion, all kind of parking on Murree Road and alternative...

LDA starts 9.5km-long Kasur bypass, Rs1.5b project to be completed in 4 months

LAHORE: Lahore Development Authority has started construction of Kasur Bypass project which will be completed at a cost of Rs....

Better than Dakar Rally: Pakistan to host 10th Jhal Magsi Desert Challenge from 19th

KARACHI: Pakistan is hosting 10th addition of the Jhal Magsi Desert Challenge from December 19 in central Balochistan, which is...

12 injured as clashes erupt during protest against power, gas outages in Karak

KARAK: Clashes between police and citizens erupted Sunday when the later were protesting against the low gas pressure and power...

PAF to induct 200 JF-17 Thunder jets to replace ageing F-7s, Dassault Mirage-III: PAC chief

KARACHI:The head of Pakistan Aeronautical Complex (PAC) said on Tuesday that PAF intends to induct at least 200 JF-17s into...

IPPS cost per unit fell to Rs9.45 from Rs15.50: 35pc cut in furnace oil rate warrants slash in power tariff: IEP

LAHORE: In view of 35 percent decline in the furnace oil rates used for power generation, the government should trickledown...

Fix price at Rs155 against Rs180 per 40-kg: PSMA Punjab threatens abandoning crushing sugarcane

LAHORE: The Pakistan Sugar Mills Association (PSMA) Punjab has written to Punjab CM Shahbaz Sharif, demanding bring down sugarcane support...

$15b reserves by Dec end, revenue collection up by 14.3%, remittances by 15.2% in 4 months: Dar

ISLAMABAD: Federal Finance Minister Ishaq Dar has once again claimed that the government will achieve $15 billion foreign exchange reserves...

102nd discovery: OGDCL finds gas in Attock as Pakistan to host TAPI meeting in Feb for $10b pipeline

ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) has made 102nd discovery and found out hydrocarbon-bearing horizons in its exploratory...

$52m demand: Cash-starved PIA to get first $16.46m for induction of 15 aircraft

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet okayed the release of $16.46 million to the cash-starved Pakistan International...

Rs 50b project: Metro bus to ply on Islamabad roads by Jan 30

RAWALPINDI: The PML-N government is likely to inaugurate the metro bus service by January 25-30, authorities said. At the start...

130mmcfd or 30pc gas for textile: Decision to help increase exports to $26b; averted $5b loss to industry

ISLAMABAD: On directives of Prime Minister Nawaz Sharif, the Petroleum Ministry has directed the SNGPL to divert gas from thermal...

KBD construction: PEW wants stakeholders develop consensus to build dam

ISLAMABAD: The fast aging of Tarbela Dam and its narrowing water storage capacity and the country growing water needs necessitate...

17 urban centres, 53 essential items: WoW SPI inflation drops 0.38%

ISLAMABAD: The weekly Sensitive Price Indicator inflation declined by 0.38 percent at the end of week. The Provisional data declared...

Sales grew by 9.39pc: APCMA seeks end to problems impeding cement sector’s growth

ISLAMABAD: The All Pakistan Cement Manufacturers Association (APCMA) emphasized on the federal government to do away with crippling energy crisis...

Revamping Trimmu, Panjnad: Pakistan signs accords with ADB for $150m loan

ISLAMABAD: To undertake rehabilitation and upgrade century-old Trimmu and Panjnad, Pakistan has signed two agreements with the Asian Development Bank...

Pakistan signs World Bank-funded $1.17b CASA-1000 project at 9.35 cents/unit

ISTANBUL: Pakistan on Thursday signed an agreement with Afghanistan, Tajikistan and Kyrgyzstan in Istanbul to import 1,000 megawatt electricity under...

GDP growth target of 7%, exports $32b: Dar lauds World Bank for financing CASA-1000, Dasu energy projects