Stock market sheds 208 points amid bearish sentiments

Power generation and distribution sector lost 2.29pc from its cumulative market capitalisation following the announcement of power tariff increase  KARACHI: The Pakistan Stock...

PM orders early finalisation of Pak-Turkey Strategic Economic Framework

ISLAMABAD: Prime Minister Imran Khan on Thursday ordered early finalisation of the Pak-Turkey Strategic Economic Framework to transform the brotherly relations between the...

U.S., China sketch outlines of deal to end trade war: sources

Lower-level officials held a round of talks in Washington on Tuesday and Wednesday. They will be joined on Thursday by the top level negotiators, led by U.S. Trade Representative Robert Lighthizer and Chinese Vice Premier Liu He.

Pakistan’s fiscal deficit soars to 1.03tr in six months 

Govt struggles to restrict the budget deficit despite introducing two mini-budgets in last six months Country’s expenditures stood at Rs3.36tr (8.7pc...

Prince to launch new 800cc car

The car is expected to be priced around Rs0.7 to Rs0.75 million Regal Automobiles Industries Limited is ready to shake the local...

Govt to set up new LNG terminal at Port Qasim 

ISLAMABAD: The government has decided to construct a new Liquefied Natural Gas (LNG) terminal at Port Qasim, Karachi, setting aside the concerns/reports of...

Govt takes notice of slow development in SEZs, asks BoI to ensure facilities

'No investment can come to the SEZs in present state of development where even the prioritized zones lack infrastructure and utility...

Manshas dominate highest taxpayers’ list for 2018

Prime Minister Imran Khan on Wednesday recognised Mian Hassan Mansha, Mian Umer Mansha and Mian Raza Mansha, sons of leading businessman Mian...

NEPRA approves Rs1.8 per unit power tariff hike

The National Electric Power Regulatory Authority (NEPRA) has approved an increase of Rs1.80 per unit in the tariff for all power distribution...

DFID to enhance economic cooperation with Pakistan

ISLAMABAD: United Kingdom Secretary of State for International Development and Minister Women and Equalities Penny Mordaunt called on Finance Minister Asad Umar on...

Pakistan’s top executives, govt, discuss growth, investment & technology

Top executives from local and international private organisations as well as senior representatives from the government joined in the discussions

Singaporean traders to explore business opportunities in Pakistan

KARACHI: A high-profile trade delegation of Singapore Business Federation (SBF) is visiting Pakistan from 24th February till March 3rd, 2019, to explore the...

MCB reports Rs21.36bn profit after tax

LAHORE: The Board of Directors of MCB Bank Limited met under the Chairmanship of Mian Mohammad Mansha on Wednesday to review the performance...

K-Electric, NIP sign Rs1.8bn agreement for construction of grid station at BQIP

KE will ensure the provision of electricity for under-construction industrial units before they go into full production KARACHI: The government was committed to creating an...

Govt to launch Rs100,000 prize bonds: reports

The government has decided to launch prize bonds of Rs100,000 denomination by March, according to media reports. The investors would get 12.5 per...