Business
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Current account deficit widens to $1.759b from $1.368b in July-Oct
KARACHI: The State Bank of Pakistan (SBP) has reported that the current account deficit from July to October of current...
Basmati growers to get subsidy; cut in POL prices, power tariff next month: Nawaz
ISLAMABAD: Prime Minister Nawaz Sharif, while chairing a meeting on procurement of basmati rice at the PM House, has directed...
Meeting 485mmcfd demand for gas: Closure of CNG sector to shoot up oil imports
ISLAMABAD: The Petroleum Ministry, in its proposal, submitted to the Cabinet’s Economic Coordination Committee (ECC) of the Cabinet has feared...
Gas closure for textile: LNG import to destroy Rs500b investment on CNG industry
MULTAN: Secretary General of Multan CNG Association Rao Shahid has said that gas closure for textile industry will cause billions...
PIA gets EU-approved ACC3 int’l security standards, ensures screening at 3 top airports
LAHORE: PIA has attained EU-approved international security standards, ACC3, Director Safety & Quality Assurance, PIA Capt Salman Azhar said on...
UBL divestment termed Asia’s best transaction as sale of Rs67.06b OGDCL, PIA’s 26% shares delayed
ISLAMABAD: Minister of State for Privatization Mohammad Zubair has said that the divestment of United Bank Limited (UBL) shares has...
Afridi calls for strengthening of SME sector thru joint ventures with China
LAHORE: Shah Faisal Afridi, President Pak-China Joint Chamber of Commerce and Industry said that the SME sector of Pakistan can...
Another Rs14 per litre cut in POL prices by end-Nov?
ISLAMABAD: Pakistanis received good news among the piles of bad reports when Prime Minister Nawaz Sharif announced reduction in petroleum, oil...
4,000 air-conditioners worth Rs357m smuggled thru Afghan Transit Trade: FBR
ISLAMABAD: A senior official of Federal Board of Revenue (FBR) has revealed that over 4,000 air-conditioners and electronic goods worth...
Cotton price fixed at Rs 5,251/maund, traded at Rs4650-5125/maund in kerb market
KARACHI:The cotton price in the country is on declining trend as the world cotton markets also remained under pressure where...
Bosan blames lack of credit facilities, tech for low agri product exports
ISLAMABAD: Minister for National Food Security and Research Sikandar Hayat Khan Bosan has said that due to lack of access...
In a meeting with Dar, USAID hints at bring $43m investment in energy sector
ISLAMABAD: The USAID attaches great importance to the development of Pakistan and that it will be bringing in investment to...
Committee dragging feet: Govt in a fix over exempting textiles from gas outages
ISLAMABAD: The committee formed under the chair of Finance Minister Ishaq Dar to determined a mechanism for gas supply to...
83 MBP escalators, elevators on 24 bus stations by Jan 31
ISLAMABAD: The Metro Bus Project Implementation Committee is hopeful to get the Rawalpindi-Islamabad metro-bus project (MBP) will be completed by...
Govt to produce 1000MW from 46 oilfields of 280mmcfd, start 1st LNG Terminal in early 2015
ISLAMABAD: Minister for Petroleum and Natural Resources Khaqan Ababsi on Monday said that the ministry has discovered 46 oilfields with...
Punjab CM urges Russia to multiply existing $500m trade
LAHORE: Punjab Chief Minister Shahbaz Sharif has said that the government is taking practical steps to resolve energy crisis while...
Cotton prices drop to Rs5000/maund as TCP procures 1m bales at Rs6864/maund
KARACHI: The cotton prices declined to Rs5,000/maund on Monday despite govt buying of 1 million bales at fixed price of...
Pakistan decides to put off $7.5b IP gas pipeline project over curbs on Iran
ISLAMABAD: The Pakistani government has decided to end $7.5 billion Iran-Pakistan gas pipeline project due to international sanctions on the...
FDI rises by 47% to $423m, inflows in October alone amount to $252m: SBP
KARACHI: State Bank of Pakistan (SBP) has said that the foreign direct investment (FDI) into the country has increased by...
Dar for magistracy system to control prices as inflation down 5.8pc, lowest in 17 months
ISLAMABAD: Federal Finance Minister Ishaq Dar has said that the government is introducing executive magistracy system to control prices of...
