Stocks post modest gains amid mixed sentiments
KARACAHI: The Pakistan Stock Exchange (PSX) managed to end the week on a positive note, with the indices posting decent gains amid range-bound activity.
Equity markets...
Investors eyeing Pakistan as lucrative investment destination: Ahsan
Minister for Planning, Development and Reform, Ahsan Iqbal Tuesday said that the world’s key investors were eying Pakistan as a potential investment market as...
FPCCI suggests govt to avoid overreliance on traditional exports
ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has requested the government to formulate strategies that could decrease the country's dependence...
PPIB gives approval to Oracle Power for 700 MW coal power plant in Thar
KARACHI: Oracle Power has been given go-ahead by Private Power and Infrastructure Board (PPIB) for establishing a 700 MW coal-fired power plant in Thar...
China again rebukes claims that CPEC added to Pakistani ‘debt burden’
BEIJING: China on Monday said that less than 20 per cent of the current projects under the China-Pakistan Economic Corridor (CPEC) were using Chinese loans...
‘New renewable energy policy to facilitate investors’
ISLAMABAD: Power Minister Omar Ayub Khan has said a new renewable energy policy would be introduced to provide a level and competitive field to investors...
Remittances climb up by 13 percent to $5.419b during first quarter of FY19
Remittances from Saudi Arabia grew 2.85 percent to $1.263 billion which was the highest source of remittances in the first quarter of FY19
SBP raises Rs388bn from T-bill auction
KARACHI: The State Bank of Pakistan (SBP) has reported that the government raised Rs388 billion through T-bills, exceeding the target set of Rs300 billion.
The SBP...
Govt, Asian Development Bank sign agreements to enhance power transmission
ISLAMABAD: Government of Pakistan and Asian Development Bank (ADB) signed loan and project agreements amounting $260 million for the Second Power Transmission Enhancement Investment Programme...
Two RLNG based power plants face shutdown, as outstanding dues swell to Rs30 billion
There are concerns two major power plants producing 10 percent of overall peak summer generation would shut down in a week’s time if their outstanding dues of Rs30 billion aren’t cleared
Ittefaq Iron hides information regarding pending cases from SECP, PSX
Ittefaq Sons Ltd - that was merged into Ittefaq Iron Industry Ltd (IIIL) in 2009 - has a number of pending cases in the...
Market Daily: Bears roar as PSX starts week in red
LAHORE: It wasn’t an ideal start to the week, but investors didn’t look surprised. Long hanging uncertainty over the country’s economic situation has shaken investor...
Multi-billion dollar TAPI gas pipeline project facing no delay
ISLAMABAD: The Petroleum Division has said that the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project is progressing as per the “timelines” agreed among the member countries...
Pharmaceutical exports increase 8pc to 211.6m
ISLAMABAD: The exports of pharmaceutical products from the country during the Financial Year 2018-19 grew by 8.6pc as compared to the corresponding period of last...
Rupee plunges to record low of Rs128 against greenback in inter-bank market
The rupee started intra-day trading Monday at Rs121.55, shooting up to Rs127.5 before peaking to a high of Rs128 in the inter-bank market against the greenback before settling down at Rs128
