Business

KARACHI: The State Bank of Pakistan (SBP) has reported that the country’s total liquid foreign exchange reserves have decreased to...

POL Rs9.43/litre cut: ECC shocks nation with 30% gas tariff hike to recover Rs69b

ISLAMABAD: The federal government, after giving the masses Rs9.43/litre relief in petroleum, oil & lubricant (POL) prices, has shocked the...

50,000MW power generation: Engro powergen issued LoI for 660MW coal power project at Thar

ISLAMABAD: What is being described as milestone, the Private Power and Infrastructure Board (PPIB) issued Letter of Interest (LoI) to...

$80 to $100 price difference: 70pc EU buyers place 40,000 tonnes rice orders to Indian

LAHORE: Apart from other obstacles, the difference of around $80 to $100 per tonne in the export price of rice,...

Punjab govt approves 8000 low-income houses at 20% down payment, 10 installments

LAHORE: The Punjab government has approved the construction of 8,000 low-income housing units in Lahore on public-private partnership. The apartments,...

$13b to $26b textile exports target in shambles: 50% less production with 3-month gas suspension

LAHORE: In the country’s total textile exports of $13 billion plus, Punjab contributes major share of $6 billion and the...

Missing macroeconomic targets: GDP to remain 3.5-4%, fiscal deficit to rise 5.5-6%, agri sector to grow 2%

ISLAMABAD: The PML-N-led federal government once again would not be able to achieve main macroeconomic targets, including GDP, budget deficit...

KCA reduces cotton rates by Rs50 to Rs4,850/maund, TCP to buy 300,000 bales

KARACHI: The rates of cotton fell for the third consecutive day and most deals on ready counter were also finalised...

$6.67b IMF package: Pakistan asked to raise gas tariff by 23%, end exemptions to collect Rs2810b

ISLAMABAD: The International Monetary Fund (IMF) has asked Pakistan to put limit on the circular debt and prepare Plan B...

Rs50m loan among violation: SECP takes up 62 show-cause, 30 already concluded

ISLAMABAD: While enforcing compliance of corporate and allied laws, the Securities and Exchange Commission of Pakistan (SECP) began proceedings on...

Austria invests $500m in FY2013-14, $250m in oil, gas sector

LAHORE: TUV Austria Group’s Chief Executive Officer Dr Stefan Haas Haas has said that Austrian companies want to boost trade...

Rs160b wake-up call of KSL: SECP initiates 62 show-causes, takes up 45 investor complaints, 30 proceedings

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has started show cause proceedings against 62 violators of different legal requirements....

$13b to $26b exports, 3m jobs creation target: Textile ministry to hold conference

ISLAMABAD: With the aim to create awareness among all stakeholders about GSP-Plus compliance and to boost export from $13 billion...

Rs160b client securities held at KSL, SECP bars KSL trading at KSE & PMEX

ISLAMABAD: The Securities & Exchange Commission of Pakistan (SECP) has issued directives to halt the trading facilities of KASB Securities...

Non-compliance of laws: SECP springs into action against 62 violators

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has started show cause proceedings against 62 violators of different legal requirements....

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