Business

ISLAMABAD: Pakistan Postal Services is going to bring out a Commemorative Postage Stamp soon marking the historic visit of President...

NAB, HEC sign MoU to raise awareness among youth against corrupt practices

ISLAMABAD: To create Awareness against the ill effects of corruption among the youth of Pakistan, National Accountability Bureau (NAB) in...

Spot rate of cotton cut by Rs50 to reach Rs5,050

KARACHI: The spot rate of cotton has further decreased by Rs50 to Rs5,050 as in the current session, around 22,000...

Notification issued for 10% reduction in transport fare

RAWALPINDI: District administration Rawalpindi has lessened public transport fare on urban routes from 7 percent to 10 percent. The notification...

Tractor production shows increase of 85pc than last year

byWaqar Ahmed Ansari

KARACHI: Pakistan Auto Manufactures Association (PAMA) Senior Vice Chairman Sohail Bashir Rana has said that tractor production has increased than...

Nandipur causes Rs315b colossal loss: Rs 298b in load-shedding; $ moves from Rs63 to Rs102 in pendency

ISLAMABAD: The delay in power generation from Nandipur project has been causing Rs 315 billion losses to national exchequer, including...

LHC orders PM’s Ittefaq Group to pay Rs3.5b mark-up on Rs6b loan

LAHORE: Lahore High Court (LHC) Justice Ayesha A Malik directed the Ittefaq Group of the ruling Sharif family to pay...

CM Punjab orders school reforms implementation

LAHORE: Chief Minister Punjab Shahbaz Sharif has given directions for immediate and effective implementation of Punjab School Reforms. He laid...

PM Nawaz visits China to sign 14 projects worth $35b

ISLAMABAD: Prime Minister Nawaz Sharif has left for China on Friday to attend the annual meeting of Asia-Pacific Economic Cooperation...

SHC extends stay on nuclear plants K-II and K-III till Nov 12, Atomic authority denies hazards

KARACHI: A Sindh High Court (SHC) bench, headed by its Chief Justice Maqbool Baqar, granted extension in a stay order...

Rs200,000 bonus, other allowances for PTCL employees

LAHORE: Pakistan Telecommunication Company Limited (PTCL) has introduced a highly lucrative Voluntary Separation Scheme (VSS) package for its employees which...

IHC moved against OGDCL sale at Rs216/share for IMF’s $1.1b despite oil recovery in Sindh

ISLAMABAD: The International Monetary Fund (IMF) is behind the government decision to sell Oil and Gas Development Company Limited (OGDCL)...

Sale of ‘fatal’ cooking oil, ghee goes on unchecked

KARACHI: Adulterated and substandard cooking oil and vegetable ghee continue to playing with the public health, raising the number of...

CDA swoops on encroachers, demolishes illegal structures

ISLAMABAD: The Capital Development Authority’s (CDA) Enforcement Directorate launched a vigorous crackdown on encroachment in different areas to weed out...

6pc growth by 2018 under Vision 2025: Ahsan Iqbal

ISLAMABAD: Federal Minister for Planning and Development Ahsan Iqbal said that the government was striving hard to materialise the dream...

Punjab govt approves 8 development schemes worth Rs6592.873m

LAHORE: The Punjab Government approved eight development schemes of various development Sectors with an estimated cost of Rs. 6592.873 million....

SBP forex reserves rise $50m to $8.618b, other banks keep $4.82505b

KARACHI: Total liquid foreign exchange reserves of the country soared to $13.44309 billion. According to SBP's weekly statement, the foreign...

PTCL launches Voluntary Separation Scheme for its employees