Sahiwal Coal Power Plant fully meets standards set by WB, EU
SAHIWAL: Huaneng Shandong Ruyi (HSR) Energy Limited, responsible for operations of the Sahiwal coal-fired power plant on Friday claimed that the plant...
Govt to fill leading positions at SECP, CCP, PPPA, NITL
ISLAMABAD:Â The incumbent government has decided to appoint the heads of different departments including the National Investment Trust Limited (NITL) and the Public-Private...
LSE hosts international conference for economic researchers, policymakers
The Lahore School of Economics hosted its first International Conference on Applied Development Economics on 12-13 September 2018 at the Lahore School’s...
China sending buying mission to Pakistan
The Chinese Ambassador HE Yao Jing called on the Advisor to Prime Minister on Textile, Commerce, Industry, Production, and Investment, Abdul Razak Dawood...
FDI dips by 40 percent in July-Aug 2018
–‘Situation to remain bleak unless govt comes up with a favourable policy for investors’
KARACHI:Â Foreign direct investment (FDI) dipped by 40 percent to...
Market Daily: Bears dominate end of week as PSX loses 129.60 points
LAHORE: Pakistan Stock Exchange (PSX) managed to end the week in red as bears dominated the session on Friday.
As per reports of...
India needs to be vigilant over rupee – PM economic panel member
Despite the strong economic growth, the rupee has weakened more than 11 percent to become Asia’s worst performing currency this year
Industry sources accuse PBIT exacting extra fee for handling coal at Port Qasim
According to market officials, the industry had been distressed and the high fee had increased problems for it as well as the exporters
Five companies incurring heavy losses in BQIP: Report
The official who preferred anonymity said the entities were suffering losses to the tune of millions of rupees due to unavailability of utilities
Senate panel expresses annoyance over exorbitant rise in demurrage cost
The committee chairman pinpointed the demurrage costs paid by PSO had increased 10 times and had risen to $20.4 million in FY18 from $2.5 million in FY14, which needs to be reined in, he said
Petroleum Policy 2012 to be revised, new zone-1 (f) to be created for tapping hydrocarbon reserves
Under the Petroleum Policy 2012, an incentive package is available for onshore areas taking risk and investment requirements into consideration
Govt contemplating to transfer financial risks of ML1 project to contractors
Minister for Planning and Development Khusro Bakhtiar said on Thursday that the government was considering the possibility of finishing the $9 billion ML1 project of Pakistan Railways on a build-operate-transfer (BOT) basis
In shift, Pakistani giant Engro to bet big on rising middle class
Engro has been a major beneficiary from Beijing’s Belt and Road Initiative splurge, working with Chinese firms on coal and power projects worth billions of dollars
IMF team briefed about forthcoming mini-budget via video link
The IMF was apprised by the Pakistani authorities that the government was considering taking additional taxation measures of Rs100 to Rs125 billion via proposed changes in the Finance Act 2018 and enactment of additional customs duty and raising regulatory duty on import of luxury items
Pakistan’s foreign reserves decline by $300mn
The liquid foreign exchange reserves of the country declined by $300 million to $16.069 billion by the week ended September 7, 2018,...