Business

KARACHI: The resumption of buying by textile millers to maintain their stock improved trade turnover of cotton in the market...

Zubair lauds capital market transaction of UBL, PPL; terms KSE best stock

ISLAMABAD: Minister of State and Privatisation Commission Chairman Muhammad Zubair has inaugurated "Public Financial Management" conference, organised by Institute of...

$45 investment: China set to build $3b LNG pipeline, terminal at Gwadar

ISLAMABAD: China will lay pipeline from Gwadar to Nawabshah and construct the terminal for liquefied natural gas (LNG) handling and...

Pakistan capable to make 200 nuclear weapons by 2020

WASHINGTON: The report of an American think-tank suggested that Pakistan’s nuclear weapon programme is the fastest growing in the world...

SECP not merging 3 small Islamic investment entities after KASB put in 6mth SBP moratorium

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has clarified a press report that the Commission is considering merging...

LSM index rises 1.86% to 113.25pts in July-Sep, textile gains 1.03%, automobiles 13.97%

ISLAMABAD: The Quantum Index Number (QIM) of large scale-manufacturing (LSM) industries increased to 113.25 points during first the first quarter...

KASB Bank 6-month moratorium: Equity base up 11pc to Rs1000b, profit touches Rs176b: SBP

KARACHI: The State Bank of Pakistan rebuffed rumors being spread about the weak financial condition of some banks in the...

Nawaz lauds Nepra for slashing power tariff by Re0.47 to Rs7.06/unit

ISLAMABAD: Prime Minister Nawaz Sharif has lauded National Electric Power Regulatory Authority’s (Nepra) for cutting down the electricity tariff by...

$15b reserves target: Govt offers $1b Sukuk bonds at 7.75% interest rate at Dubai road show

DUBAI: With the aim to achieve $15 billion foreign reserves target by the end of December 2014, the government has...

Weary of sit-ins induced-losses: Traders want ban on protests

ISLAMABAD: weary of the long protests and sit-ins and subsequent losses, the traders of the federal capital have emphasized on...

Textile imports increase by 6.1 percent in October

byWaqar Ahmed Ansari

KARACHI: Textile imports increased by 6.1 percent in October 2014. As many as $4.595 billion has been earned as foreign...

Misuse of Sr No 4 of Sales Tax Act: Action under Section 38 afoot for ST recovery

ISLAMABAD: The intelligence and investigation (I&I) wing of the Federal Board of Revenue (FBR) is likely to invoking Section 38...

Talks for 30 to 40 FC-31 fighters: Pakistan gears up for Chinese stealth fighter jets

ISLAMABAD: Indian media while citing media reports has claimed that Pakistan is planning buying fourth generation stealth fighter aircraft from...

WAPDA, NEPRA Acts violation: IHC to hear plea against Rs15-40 surcharge of 950MW Neelum-Jhelum project

ISLAMABAD: The Islamabad High Court (IHC) has been moved against the collection of Neelum-Jhelum surcharge being collected from consumers through...

Phutti prices slip below Rs5,000; TCP yet to start 500,000 bales purchase

KARACHI: The dillydallying by the Trading Corporation of Pakistan (TCP) and higher arrival of phutti (seed cotton) abetted by slow...

Sardar Mehtab forms committees to initiate economic activities in Fata

PESHAWAR: Khyber Pakhtunkhwa (KP) Governor Sardar Mehtab Ahmed Khan has formed two committees to initiate economic activities in Federal Administered...

Fesco starts changing faulty meters, Irrigation Dept recovers Rs182m from water pilferers

FAISALABAD: The Faisalabad Electric Supply Company (Fesco), on the directives of State Minister for Water and Power Abid Sher Ali,...

PFC all set for 2nd Interiors Expo-2014 from Dec 5