Business

27/02/2021

ISLAMABAD: World Bank has provided additional grant worth of US $ 12 million for FATA, Temporarily Displaced Persons Early Recovery...

Pakistan to save $300m annually from Qatar LNG deal: PM Imran Khan

LAHORE: Prime Minister Imran Khan on Friday revealed that Pakistan had signed a deal related to the supply of the...

Exports of ICT, telecom services increased 38pc in 7MFY21: Razak Dawood

ISLAMABAD: Adviser to the Prime Minister for Commerce and Investment, Abdul Razak Dawood, on Thursday said that the export of...

OGRA recommends increase in petrol price by Rs20.7

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has sent a summary to the Petroleum Division, suggesting an increase in...

UBL declares Rs20.9b as annual after tax profit

KARACHI: United Bank Limited (UBL) announced its financial results for the year ended December 31, 2020. The bank made provisioning...

Pharmaceutical products export increases 24.92pc in 7 months of FY21

ISLAMABAD: The exports of Pharmaceutical products from the country witnessed an increase of 24.92 percent during the seven months of...

Govt, ITFC sign annual financing plan amounting to US$1.1b

25/02/2021

ISLAMABAD: Minister for Economic Affairs Makhdum Khusro Bakhtyar witnessed the signing ceremony of ITFC’s Annual Financing Plan 2021 for government...

Pakistan cotton prices peak to 11-year high

25/02/2021

KARACHI: Cotton prices in Pakistan pushed to an 11-year high because of a decline in production. Cotton traded at Rs12,000/maund,...

Cement export decreases 3.80pc in 7 months of FY21

25/02/2021

ISLAMABAD: The exports of cement from the country witnessed a decrease of 3.80 percent during the seven months of financial...

Islamic banking poised to expand across South, Southeast Asia post-pandemic: Moody’s

ISLAMABAD: Islamic banks in South and Southeast Asia have sufficient capital and liquidity to meet increased demand for financing as...

Non-textile exports surge 1.85pc in 7MFY21

ISLAMABAD: Pakistan’s non-textile exports posted 1.85 per cent growth year-on-year to $5.49 billion in the first seven months of FY21,...

Nepra reserves judgment on KE petition for power price hike

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) reserved judgment on a petition filed for hike in power tariff under...

SNGPL to spend Rs9b on transmission network’s reinforcement in KP

ISLAMABAD: The Sui Northern Gas Pipelines Limited (SNGPL) is working on an extensive plan to reinforce its transmission network in...

SBP defers Rs657.16b under refinancing scheme during COVID-19

ISLAMABAD: The State Bank of Pakistan (SBP), under its refinancing scheme for protecting businesses from the impact of COVID-19, has...

Container ships wait to be unloaded at the Port of Oakland on Wednesday, March 7, 2018, in Oakland, Calif. The U.S. trade deficit rose in January to the highest level since October 2008, defying President Donald Trump's efforts to bring more balance to America's trade with the rest of the world, the Commerce Department said Wednesday. (AP Photo/Ben Margot)

Shipping activity at Port Qasim on Feb 23

KARACHI: Four ships, MSC Heidi, Sphene, Gas Athena and Maritime Tuntiga carrying Container, Petroleum gas and Palm oil were arranged...

CDWP approves Rs25 billion development projects

ISLAMABAD: Central Development Working Party (CDWP) meeting approved four projects at an estimated cost of Rs25 billion and recommended two...

KP govt introduces online system to monitor uplift projects in tribal districts

PESHAWAR: The Khyber Pakhtunkhwa (KP) government has introduced an online system to actively monitor tribal districts’ development programme. As per...

FDI declines over 27pc in Jul-Jan FY21