Current account deficit contracts by massive 64pc
Pakistan's current account deficit (CAD) in the first quarter of the current fiscal year (FY20) declined by a huge 64pc mainly due to a...
‘Cement sales decline 50pc to 70,000 tonnes per day’
LAHORE: The sale of cement in the country has declined by more than 50 per cent to almost 70,000 tonnes per day mainly due...
Steel manufacturers demand ban on import via land routes
ISLAMABAD: As the smuggling of steel items continues at Iran and Afghan borders under the garb of some "certain rules", the steel industry has...
Foreign investment surges 137pc in 1Q FY20
Total foreign investment into the country jumped by 137pc, or $512 million, in the first three months of the financial year 2019-20, the State...
Shanghai Electric to invest $4bn in Thar power plants
Shanghai Electric, a Chinese company, will invest $4 billion for the establishment of two more 1,320MW power plants at Thar Coal Block-I, Radio Pakistan...
Bears return as KSE-100 sheds 382 points
KARACHI: Optimistic sentiments at the Pakistan Stock Exchange (PSX) proved to be short-lived as the indices dragged the index below the 34,000 mark on Thursday....
‘Canadian companies mull investments in Pakistan’s energy sector’
ISLAMABAD: Canadian High Commissioner to Pakistan Wendy Gilmour said on Friday that Canadian companies are looking forward to investing in Pakistan, especially in its transmission...
PLTL annuls LNG terminal agreement with PGPCL
ISLAMABAD: Pakistan LNG Terminals Limited (PLTL) has terminated the operation and service agreement (OSA) of the LNG re-gasification terminal with Pakistan Gas Port Consortium...
Experts stress bold decisions to avert FATF scare
ISLAMABAD: As the Financial Action Task Force (FATF) has directed Islamabad to take more measures for the complete elimination of terror financing and money laundering,...
KSE-100 falls flat amid volatility
KARACHI: After trading in the green zone for a brief period, the Pakistan Stock Exchange (PSX) fell in the grip of bears on Friday, following...
Cement prices surge to previous levels in Punjab
LAHORE: Cement prices, after witnessing a drop of almost 15pc during the last five months, have started reverting to the previous level in the northern...
Committee formed to probe irregularities in IESCO
ISLAMABAD: After receiving a large number of complaints, the Ministry of Energy (Power Division) secretary has constituted a four-member committee to probe into the...
KSE-100 gains 197 points as Pakistan escapes FATF blacklist
KARACHI: Positive sentiments returned to the Pakistan Stock Exchange (PSX) on Wednesday following media reports that Pakistan has not been placed on the blacklist...
Imran launches Rs100bn youth loan project
ISLAMABAD: Prime Minister Imran Khan on Thursday launched the first phase of the "Kamyab Jawan Programme" to provide technical and financial assistance to the...
EU urges Pakistan to produce competitive products
Ambassador of the European Union to Pakistan Androulla Kaminara has said that the EU and Pakistan could launch joint ventures in various sectors, besides...
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FBR extends deadline to file tax returns
The Federal Board of Revenue (FBR) on Friday extended the last date for submission of sales tax and federal excise duty for the tax...
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Huawei launches foldable phone in China
SHENZHEN: Huawei Technologies Co Ltd started taking orders on Wednesday in China for its eagerly awaited foldable smartphone, as it ramps up marketing at...
