FDI jumps to 15.6pc, adding $262.5 mn from last year

KARACHI: Foreign Direct Investment (FDI) in the first eight months of 2017-18 amounted to $1.94 billion, up 15.6 per cent or $262.5 million from...

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...

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...

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...

ADB to provide $140mn for KP roads improvement project

ISLAMABAD: Economic Affairs Division and Asian Development Bank (ADB) here on Wednesday signed a loan agreement for the provision of $140 million for Khyber...

Malakand tunnel project to be allocated more funds

ISLAMABAD: National Highway Authority (NHA) is in process of arranging an additional $85 million for the Malakand tunnel project as now it has been...

State Minister stresses expediting LPG-Air Mix Plants in Balochistan

KARACHI: The Minister of State for Petroleum Division, Jam Kamal Khan has stressed the need to expedite work on LPG-Air Mix plants for the...

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...

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...

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)...

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...

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...

SECP has not provided evidence of alleged corruption in Multan Metro Bus project

KARACHI: Chairman Senate Standing Committee has asked the office of Securities and Exchange Commission of Pakistan (SECP) to provide the evidence regarding sufficient banking information...

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Bookings for Kia Picanto from next week

After introducing two of its vehicles in the Pakistani market, Kia Lucky Motors is all set to launch Kia Picanto for its customers. The company...

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OGDCL, KE announce increased profits

KARACHI: Oil and Gas Development Company Limited’s (OGDCL) profit increased 50 percent to Rs118.385 billion for the year ended June 30, 2019, reported The...

ECC upholds ban on wheat export