Al-Futtaim Group to invest $230m in Pakistan’s automobile sector

-- Technology-oriented cars of Al Futtaim-Renault are expected to hit the roads in 2020ISLAMABAD: Al-Futtaim Group, a large conglomerate operating in the United Arab Emirates, has...

OGDCL chairman addresses annual dinner 2018

ISLAMABAD: The annual dinner for officers of Oil and Gas Development Company Limited (OGDCL) was arranged by office bearers of OGDCL Officers’ Association in Marriot...

ECC set to decide about increase in power tariff

According to insiders, the PM in the last ECC meeting had instructed the Ministry of Finance to focus on tariff rationalization, theft and line losses instead of burdening the existing customers

Draft ferry policy to be submitted for approval in next cabinet meeting

As per this draft policy, no duty and taxes would be applicable on ferry services and on the procurement of a ship for introducing the service in Pakistan

Rs2,526 million released under PM’s SDG program

ISLAMABAD: As the government moves towards next general election, it has started to release development funds for special constituencies including the electorates of federal...

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...

PTI govt to start construction of TAPI pipeline

The government-owned Inter-State Gas Systems is responsible for executing all oil and gas pipeline projects

Pakistan’s tile industry reinvigorating after imposition of anti-dumping duty on Chinese tiles

LAHORE: Pakistan’s decision to place anti-dumping duties on Chinese tiles is paying dividends as one of the country’s oldest tile manufacturer in Karachi is...

Malaysia wants to improve trade relations with Pakistan

Malaysian High Commissioner Dr. Hasrul Sani Mujtabar said Malaysia is taking keen interest to improve trade with Pakistan. He stated this while visiting Rawalpindi...

Analysts blame political uncertainty, investigation against bank heads for market crash

The KSE-100 index was down by 995.66 points on Monday, July 9 as uncertainty prevailed in the market as heads of three banks face investigation in the Supreme Court (SC) coupled with the general political unrest post-SC’s Friday's verdict sentencing the former prime minister Nawaz Sharif.

CPEC to bring economic revolution in future: Mushahid Hussain

ISLAMABAD: Chairman Parliamentary Committee on China-Pakistan Economic Corridor (CPEC) Mushahid Hussain Syed has said CPEC would bring economic revolution in the country.Talking to PTV,...

KCCI president concerned over continuous rupee devaluation

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) President Muffasar Atta Malik, while expressing deep concerns over the continuous devaluation of rupee against the dollar...

China interested in joining TAPI pipeline project – Pakistan official

ISLAMABAD: China is exploring building a spur from Pakistan’s territory once the multi-country TAPI natural gas pipeline project begins operating, a Pakistani official said, with...

Govt to release Rs 20b for export development under STPF

The government will be spending Rs 20b on the development of export sector over next three years under Strategic Trade Policy Framework (STPF) and...

China offers Pakistan to trade in yuan, help decrease trade deficit

Sources quoting the Chinese ambassador said Beijing was contemplating to invite new Prime Minister Imran Khan as a guest of honour for China Import Fair set to be held in November 2018

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PM likely to sack entire economic squad

Finance Minister Asad Umar, FBR chairman, SBP governor expected to be sent packing Energy minister Omar Ayyub likely to head finance ministry Finance...

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Cabinet to fill vacant slot of Port Qasim Authority chairman soon

ISLAMABAD: The federal cabinet, while approving a stop-gap arrangement to run the affairs of Port Qasim Authority (PQA), has decided to fill the vacant slot...