Business
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TCP awards tenders for import of 415000 tonnes urea
KARACHI: Trading Corporation of Pakistan (TCP) has issued four urea import tenders totaling 415,000 tonnes to overcome the shortage during...
Pervaiz blames financial crunch for delay in IP gas pipeline
ISLAMABAD: Federal Minister Pervaiz Rashid has blamed financial constraints in carrying out Iran-Pakistan (IP) gas pipeline project and said that...
PSO Q1 profit falls to Rs5.243b from Rs7.79b, down 33% on declining sales
KARACHI: Pakistan State Oil (PSO), the country’s largest oil marketing company by revenue and market share, on Tuesday reported a...
PTI sit-in: Dar warns against creating hurdles in investment
ISLAMABAD: Finance Minister Ishaq Dar, addressing the International Investment Conference, has said that no one would be allowed to create...
IDB to finance $1.17 billion CASA-1000 project
ISLAMABAD: The Islamic Development Bank (IDB) has given $1.17 billion Central Asia South Asia Electricity Transmission and Trade Project (CASA-1000)...
Fatima Fertilizer earns profits of Rs6.43b, UBL profit up 22% in Q3
LAHORE: Fatima Fertilizer Limited announced its nine-month CY14 results on Tuesday, reporting earnings of Rs6.43 billion (earnings per share of...
Bosan vows make Pakistan largest mango exporter next year
KARACHI: Pakistan will be made the largest mango exporting country next year by maintaining quality of the fruit exported to...
Govt to generate $4.5b thru privatising 12 public sector entities
ISLAMABAD: The government has planned to generate $4.5 billion through privatising more than 12 public sector entities during the current...
Investment-to-GDP ratio to be raised to 20%: Dar
ISLAMABAD: Finance Minister Ishaq Dar has emphatically stated that no obstacles will be tolerated in the way of investment in...
Foreigners invited to invest in agriculture sector
ISLAMABAD: The speakers at International Investment Conference have been offered to invest in the agricultural sector as it is the...
Textile bodies reject suspension of gas supply to industrial units
FAISALABAD: Various textile organisations have expressed the apprehensions that a large number of industrial units will be closed if smooth...
Kapco earns Rs 2.40 billion; Askari Bank posts Rs 3.11 billion in Q3
KARACHI: The Kot Addu Power Company Limited (Kapco) Tuesday announced financial results for the Quarter 3 ended on September 30...
NEPRA increases power tariff by 52 paisa, consumers to pay Rs4.5b
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has once again increased power tariff by 52 paisa per unit on...
Kohat Cement posts US$6.63 million profit in Q3; up by 11%
KOHAT: Kohat Cement Tuesday announced a net profit of US$6.63 million in the quarter that ended on 30 September 2014,...
Govt to launch Islamic bonds, divest shares of OGDCL: Dar
ISLAMABAD: Finance Minister Ishaq Dar has emphatically stated that no obstacles will be tolerated in the way of investment in...
Govt needs $20b investment to produce 17,000MW electricity by 2020
ISLAMABAD: Pakistan requires $20 billion to add 17,000 megawatts (MW) to the national grid by 2020. In a bid...
Abbasi, Zanganeh to discuss construction of $7.6b gas pipeline
ISLAMABAD: A Pakistani delegation led by Oil and Petroleum minister Shahid Khaqan Abbasi has arrived in Tehran to discuss ways...
OGRA likely to suggest Rs9.88 per litre cut in petrol prices
ISLAMABAD: After a sharp cut in petroleum prices in International markets, the Oil and Gas Regulatory Authority (Ogra) is considering...
Pakistan future hub of trade, commerce in Asia: Ahsan
ISLAMABAD: Federal Minister for Planning, Development and Reforms Ahsan Iqbal said that Pakistan was a future hub of trade, commerce...
Ist FTB meeting: Afridi reiterates textile industry uplift
ISLAMABAD: Federal Minister for Textile Industry Abbas Khan Afridi said that the Ministry of Textile Industry was determined and will...
