Cement industry capacity utilisation touches 99pc in January

ISLAMABAD: Domestic consumption of cement increased by a whopping 37.3 per cent in January 2018 on a year-on-year basis as the construction activities continue to...

Rs 10bn worth benefits given to Chinese firm through tax exemption

ISLAMABAD: Senate’ Standing Committee on Finance, Revenue, Economic Affairs and Narcotics Control informed that around Rs 10 billion worth benefits were given to a Chinese...

ABAD organises ‘Pak-China Construction Conference’

KARACHI: Pak-China friendship is stronger than ever, and all the projects initiated under China-Pakistan Economic Corridor (CPEC) are to be completed on time, said China's  Commercial...

2018 to be a bumper year for Pakistan’s cement sector: Report

International Cement Review, the world's leading source of cement manufacturing news and information, in its latest report on the Pakistani cement industry has predicted...

NTDC fined Rs10mn for delaying projects

ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has imposed a fine of Rs 10 million on M/s National Transmission and Despatch Company Limited (NTDC)...

NAB increases scrutiny, seeks proper documentation for major agreements

ISLAMABAD: The National Accountability Bureau (NAB) has asked the central and provincial governments to submit documents worth more than $28 billion of agreements including LNG...

Seven Pakistani entities added to US export control list

The United States has added seven Pakistani companies to a list of foreign entities that are subject to stringent export control measures, according to online...

ICCI urges FBR to stop harassment of builders and developers

ISLAMABAD: President Islamabad Chamber of Commerce and Industry (ICC), Sheikh Amir Waheed has urged the Federal Board of Revenue (FBR) to stop harassing builders...

SHC summons Revenue officials in case against land allocation

According to details, the officials of District Administration Mirpurkhas during the hearing pleaded the court to vacate the June, 2017, stay against Shaheed Mohtarma Benazir Bhutto Township.

China’s construction giant inks MoU to build Gwadar’s first luxury golf community

ISLAMABAD: Empire Properties, the Pakistan registered trustees of leading International Developers CPIC, have signed a Memorandum of Understanding with China Civil Engineering Construction Corporation...

Cement prices to go up by Rs50 per bag

LAHORE: Cement manufacturers nationwide have decided to jack up cement price by Rs50 per bag after the hike in fuel prices recently. Sources familiar...

Construction work on Diamer Basha, Mohmand Dams to start in fiscal year 2018-19

WAPDA chairman briefed PM about the issues of water and hydropower sectors in the country. The prime minister was also apprised of WAPDA projects, particularly Diamer Basha and Mohmand Dams.

ABAD demands incentives to attract investment from overseas Pakistanis

ISLAMABAD: The Federal Minister of State for Capital Administration and Development Dr Tariq Fazal Chaudhary appreciated the role of Association of Builders and Developers...

FBR notice seeking details of allottees is a conspiracy against economy: ABAD chairman

KARACHI: The Federal Board of Revenue (FBR) has issued notices to various builders and developers for providing details of allottees of shops, flats and other...

KP CM directs land acquisition for oil refinery in Karak

PESHAWAR: KP Chief Minister (CM) Pervez Khattak has directed the district administration Karak for the acquisition of land for the oil refinery and remove...

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Why Sheikh Imranul Haque’s imprisonment should terrify Corporate Pakistan

Sheikh Imranul Haque has been in jail for approximately one month and nobody in the government – not even the serious looking men charged...

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Gold price falls Rs1,200 to stand at Rs86,600 per tola

Gold prices fell by Rs1,200 to Rs86,600 per tola in the local market on Saturday, a private media outlet reported. According to details, the per...