Business
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Govt pays K-Electric Rs53b during current year, Rs312b in eight years
ISLAMABAD: The government paid Rs312 billion to the Karachi Electricity Supply Company (K-Electric) during the last eight years, in which...
MCB reports record quarterly profit of Rs9.7 billion
KARACHI: MCB Bank has posted record quarterly profit before tax of Rs9.7 billion as compared to Rs9.4 billion reported in...
Agri credit disbursement up by 38pc to Rs98b in July-Sept 14
KARACHI: Agriculture credit disbursement has increased by 38 per cent to Rs98 billion during the first quarter of current financial...
SBP sanctions amalgamation of HSBC Bank into Meezan Bank
KARACHI: State Bank of Pakistan has sanctioned the Amalgamation of USBC Bank Middle East Limited with and into Meezan...
Traders urge CDA to resolve issues
ISLAMABAD: Newly elected Traders Welfare Association (TWA), I-8 Markaz President Raja Fiaz on Tuesday urged the Capital Development Authority (CDA)...
PTI protest’s fear compels NEPRA to retain power tariff
ISLAMABAD: The government on Tuesday decided to retain the electricity tariff at an average rate of Rs11.52 per unit against...
Businessmen vexed over SBP guidelines on payment instruments
KARACHI: Businessmen expressed deep concerns over the newly-issued guidelines of SBP to banks regarding strengthening internal controls in payment instruments....
Meezan Bank takes over Pakistan operations of HSBC
KARACHI: Meezan Bank has acquired Pakistani branch operations of HSBC Bank Middle East after fulfilling all regulatory requirements. HSBC Pakistan...
Low exports swell current account deficit to $1.33b
KARACHI: SBP data revealed that country’s current account deficit in the first three months of 2014-15 remained $1.33 billion, expanding...
UK asks world to financially support CASA 1000 Project
ISLAMABAD: British High Commissioner Philip Barton and Department for International Development (DFID) Head Richard Montgomery, encouraging Central Asia South Asia...
LNG import projects charm Chinese investors
ISLAMABAD: A delegation of Chinese investors has nodded to invest in Pakistan’s energy sector especially in the projects of LNG...
SC allows govt to sell 322 million OGDCL shares
ISLAMABAD: The Supreme Court of Pakistan has ‘conditionally’ allowed the federal government to privatise Oil and Gas Development Company (OGDCL)...
IMF tranche, Sukuk auction, OGDCL deal to boost forex reserves: Dar
ISLAMABAD: Minister for Finance and Economic Affairs Senator Ishaq Dar on Monday said that IMF tranche, Sukuk selling and OGDCL...
Power tariff hiked by 43 paisa ahead of crucial IMF talks
ISLAMABAD: The federal government has increased power tariff by 43 paisa per unit for the consumers of all distribution companies,...
ADB lauds Pakistan’s economy; GDP up 4.1%, agri growth slips to 2.1%
ISLAMABAD: The Asian Development Bank (ADB) has lauded the Pakistan government’s policies due to which economic conditions have been improved,...
New PIA Chairman Jaffer extolled
LAHORE: The PIA management has lauded the appointment of new chairman Nasser N S Jaffer and hoped the airline will...
Karachi Commissioner vows to solve problems of exporters
KARACHI: “Trade Development Association of Pakistan (TDAP) will be asked to solve difficulties faced by Karachi-based business community engaged in...
ICCI urges govt to improve FDI inflows on urgent basis
ISLAMABAD: The Islamabad Chamber of Commerce & Industry has urged the government to take immediate steps to improve Foreign Direct...
SSGC’s BoD approves proposal in favour of ETPL
ISLAMABAD: The Sui Southern Gas Company's (SSGC) Board of Directors has approved a proposal about the issuance of Standby Letter...
IHC bars Discos from collecting additional charges
ISLAMABAD: A single bench of the Islamabad High Court (IHC) Friday stopped power distribution companies (Discos) from collecting additional charges....
