CPPA-G conversion to independent power operator to be decided in March
ISLAMABAD: Process for conversion of Central Power Purchasing Agency-Guarantee (CPPA-G) from its current role of billing and financial agent of distribution companies to...
Imports from South America outbalance exports from Pakistan to the region
ISLAMABAD: Pakistan’s trade deficit with South America continues to increase, as imports outbalanced the exports from the region during July-December 2017.
Pakistan’s imports...
Cabinet rebuffs request to reverse farmer-friendly payment policy
ISLAMABAD: A request to reverse the step of timely payments to sugarcane growers and avoid exploitation by millers has been rejected by...
Govt fails in meeting macroeconomic targets set under five-year plan
ISLAMABAD: The incumbent government has been unable to meet its major macroeconomic targets as set in the 11th five-year plan, but advancement...
Branchless banking transactions fall 2.47 percent in July-Sep
KARACHI: Figures released by State Bank of Pakistan (SBP) for branchless banking transactions during July-September quarter of FY 2017-18 had fallen 1.47...
First half FY 2017-8 service exports rise 4.72 percent
ISLAMABAD: The services exports during first half of fiscal year 2017-18 rose to $2.58 billion compared to the exports of $2.46 billion...
Rice business has the potential to become an industry in Pakistan: Matco director
KARACHI: Matco Foods Limited Finance Director Faizan Ghori, on Tuesday, said that rice which comes second in the list of most exported item...
Real estate sector amnesty scheme aimed at legitimising black money
ISLAMABAD: In an apparent wish to have an amnesty scheme for investors in the real estate sector, builders and developers have enquired...
Senate committee recognises telecom sector‘s contribution
ISLAMABAD: The Senate Standing Committee for Information Technology and Telecommunication has recently recognised the contribution of the telecom sector and appreciated the investment...
Oracle Cloud growth driving aggressive global expansion
KARACHI: Driven by strong customer demand for its cloud services worldwide, Oracle, on Monday, announced plans to significantly expand its modern cloud infrastructure...
Diplomats stress improving Pakistan’s perception to attract FDI
KARACHI: Foreign investors are keen to explore investment opportunities in Pakistan but the negative perception, excessive paperwork and red-tapism are hindering Foreign Direct...
Progas shareholders ordered to deposit $553,000 security payment for case revival
LONDON: A British Court on Friday ordered shareholders of defunct liquefied natural gas company Progas Pakistan to submit a $553,000 security payment...
Chinese citizens death could impact Beijing’s investment in Pakistan
KARACHI: The killing of a Chinese citizen Chen Zhu in the metropolitan city of Karachi has raised significant risk of derailing Beijing’s...
Hayat Kimya set to invest $150 million in Pakistan’s consumer goods sector
LAHORE: Hayat Kimya, a subsidiary of Turkish entity Hayat Group will be investing $150 million in Pakistan’s consumer goods sector.
Hayat Kimya is...
Govt approves laying of gas distribution networks to woo voters
ISLAMABAD: To gather voter traction, the government in lieu of approval of over 100 gas supply schemes, lifted the ban on laying...
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The spectacular decline of Hubco
It is not every day one can characterize a company that made Rs11.9 billion in profits last year as struggling, but there is no...
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PM orders strict action against food adulteration
ISLAMABAD: Prime Minister Imran Khan on Thursday directed the concerned officials to collect a complete data of adulteration in various basic commodities and medicines...
