Rs143 billlion losses incurred by four power distribution companies
During FY17 and FY18, they posted a cumulative loss of Rs143 billion, out of which Rs75.6 loss was recorded in FY17 and Rs67.47 billion in FY18
King Long Automotive to setup assembly plant in Lahore for producing buses
The official said the project is projected to rope in an investment of around $200 million
Study reveals social mobility booming in Pakistan
As many as 79pc affluent consumers believe they are in a better financial position than their parents
KARACHI:Â The Standard Chartered Bank (SCB-Pak)...
Balochistan not cooperating over finalization of Rs86b discount in electricity bills
The power division in writing informed the ECC that the Balochistan government had not offered any comments despite constant reminders
Customs court directs recovery of Rs63m in evaded taxes
According to sources in the Customs, these three importers were regularly erroneously declaring the description of toys in the past to avoid payment of actual taxes on their imports
Pakistan signs Expo 2020 participation contract with UAE
ISLAMABAD: Pakistan Sunday formally signed a participation contract with the EXPO-2020 authorities at the Ministry of Foreign Affairs and International Cooperation, Abu...
SBP issues directives to banks over breach of payment cards
KARACHI: As a result of the security breach of payment cards and their unauthorized use on different delivery channels i.e. at ATMs...
Exponential growth shows broadband subscribers crossing 62 million mark
ISLAMABAD: The number of broadband users including 3G and 4G in the country has crossed 62 million by end of September 2018,...
NEPRA grants license for 11.80MW hydel power plant in KP
ISLAMABAD:Â The National Electric Power Regulatory Authority (NEPRA) has granted the power generation licence to Pakhtunkhwa Energy Development Organization (PEDO) for its 11.80MW...
Finance ministry calls first meeting over NFC awards on 31st
ISLAMABAD: The Ministry of Finance is going to hold its first Fiscal Coordination Committee (FCC) meeting this week to discuss the annual...
Govt decides to appoint two new SBP board directors
ISLAMABAD: The federal government has decided to appoint two eminent professionals on the central board of directors of the State Bank of...
PM Imran’s visit to China to stabilise economy: PEW
ISLAMABAD: The Pakistan Economy Watch (PEW) on Sunday said the upcoming visit of Prime Minister Imran Khan to China can result in...
OGDCL shorlists names for next chief
ISLAMABAD: The Board of Directors (BoD) of the Oil and Gas Development Company Limited (OGDCL) has shortlisted three names for the position...
Over 266 railways’ officials sent abroad for training over last 5 years
ISLAMABAD: Pakistan Railways has sent as many as 266 officials to purchase machinery and other material from abroad to upgrade and meet...
Pakistan’s agri sector to thrive under CPEC
ISLAMABAD: The recent inclusion of the agriculture sector in the long-term plan of China Pakistan Economic Corridor (CPEC) provides Pakistan with an...