Business
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Inflation falls 0.53% during outgoing week
ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended on October 30 witnessed a 0.53% decrease for the lowest...
6600MW Gadani Power Park worth Rs147b could attract only six firms
ISLAMABAD: Only six companies have submitted their Expressions of Interest (EoIs) against imported coal based Independent Power Producers (IPPs) of...
9,569 used vehicles imported in Q1 of FY14; hybrid cars’ rates soar
LAHORE: Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) Chairman Siddique Misri has said that the import of used...
SBP profit increases by 14pc to Rs268 billion
KARACHI: The State Bank of Pakistan’s (SBP) Annual Performance Report has revealed that the central bank has earned huge profit...
PM Nawaz slashes petrol price up to Rs9.43/ltr
ISLAMABAD: Pakistanis finally received good news among the piles of bad reports especially of increasing inflation as Prime Minister Nawaz...
PIA losses reduced to Rs18b from Rs31.5b
ISLAMABAD: Pakistan International Airline (PIA) has reduced its annual losses to Rs18 billion from Rs31.5 billion during the fiscal year...
PIA paying Rs3.29 billion interest on legacy loans
ISLAMABAD: On arrival of 8th Airbus A-320, Adviser to the Prime Minister on Aviation Affairs, Shujaat Azeem said that Pakistan...
OGDCL privatisation saga takes a new turn
ISLAMABAD: Taking a new turn after baton charge of police on workers protesting against Oil and Gas Development Company (OGDCL)...
OGDCL’s just 7.5pc shares worth $750m being disinvested
ISLAMABAD: State Minister for Privatisation Muhammad Zubair has clarified that the government is not privatising the Oil and Gas Development...
Germany ready to help Pakistan stem crippling energy crisis
LAHORE: German is ready to help Pakistan eliminate energy crisis through renewable energy sources, declared German Ambassador in Pakistan German...
Lucky Cement earns Rs2.67b, Attock Petroleum records 86% growth
KARACHI: Lucky Cement Company Limited (LUCK) registered profit after tax at Rs2.67 billion, representing earning per share at Rs8.25 for...
New Islamabad airport to be functional by Oct 2016
ISLAMABAD: New Islamabad International Airport (NIIA) will to operational by October 2016. Talking to a delegation of Islamabad Chamber of...
ECC okays 20pc duty on wheat import, Rs12b loan guarantee for PIA
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet, under the chairmanship of Finance Minister Ishaq Dar, has decided to...
Pakistan drops to 128 in World Bank’s doing business ranking
KARACHI: The bleak economic scenario, political instability and protest rallies have caused dropping of Pakistan's rank among the comity of nations...
Energy sector attracts $3.5b investment, transport $3.209b: EAD Secretary informs Dar
ISLAMABAD: Economic Affairs Division (EAD) Secretary has informed Finance Minister Ishaq Dar that out of total projects undertaken by EAD,...
Airbus A-320 inducted: 10 more Airbuses, 5 ATRs to change PIA fate
ISLAMABAD: On arrival of 8th Airbus A-320, Adviser to the Prime Minister on Aviation Affairs, Shujaat Azeem said that Pakistan...
Crop forecasting system launched at Suparco, Agri universities
ISLAMABAD: Federal Minister National Food Security and Research Sikandar Hayat Khan Bosan said that modern crop forecasting system has been...
ECC slaps 5% GST on LNG import to rescue multi-billion CNG sector
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has decided to impose 5 per cent GST on LNG import...
HBL termed Pakistan’s Safest Bank in 500 institutions survey
KARACHI: Global Finance Magazine has declared the HBL as ‘Safest Bank in Pakistan’. A survey was conducted among top 100...
NBP records Rs12.1b profit, deposits up Rs76%
KARACHI: The National Bank of Pakistan (NBP) has recorded Rs12.1 billion profit-after-tax from January to September in 2014, showing a...
