OGDCL awards $2m worth pre-qualification contracts to offshore company
ISLAMABAD: Though the National Accountability Bureau (NAB) is in full swing against offshore companies, an offshore company has been found attempting to...
Market Daily: PSX turns green over Nawaz’s political demise
The KSE 100 touched intraday low of 40,028.64 nearly within half hour of opening. The index swayed in both directions and ended higher by 45.33 points at 40,435.97.
LCCI for industry-friendly measures, blames caretaker govt
The LCCI President Malik Tahir Javaid said that all the decisions that have taken economy hostage should be reviewed in the larger interest of the business community.
NEPRA rejects KE’s demand, notifies new tariff of Rs12.81/KWH
KARACHI: The National Electric Power Regulatory Authority (NEPRA), while rejecting the demand of K-Electric (KEL) for the restoration of previous Multi Year...
Power sector billing recovery stalls, financial gap widens to Rs324 billion for July-April FY18
Total billing of discos amounted to Rs976.339 billion during the first ten months (July-April) FY18 and total receipts were recorded at Rs652.158 billion
Punjab government in midst of severe cash flow crisis
In accordance with directives of the interim Punjab chief minister, Rizvi sent a letter to the federal finance minister asking for disbursement of the withheld share of the province, which was also highlighted during a meeting in Islamabad
Violating banking rules, FBR withdraws Rs2 billion from PRA’s bank accounts
The Punjab government is going to take the matter up with the State Bank of Pakistan (SBP) and the federal government
Pakistan asks China to give more loans for boosting foreign exchange reserves: Report
Pakistani officials have told their Chinese counterparts in case the country seeks a bailout from the IMF, details of CPEC and how it is being funded will have to be shared with them and force it to cancel some of the infrastructure projects already planned.
China vows to keep providing financial help to Sri Lanka
Sri Lanka last year granted Beijing a 99-year lease on a new port on one of the world’s busiest shipping routes after being unable to afford to repay Chinese loans for the $1.4 billion project
Pakistan’s liquid foreign reserves increase due to inflows
KARACHI: The State Bank of Pakistan (SBP) on Thursday said the total liquid foreign reserves held by the country stood at $16,385.7...
Pakistan for balancing trade deficit with Qatar
Due to LNG imports, trade deficit of Pakistan with Qatar has increased to $1.6 billion
773 new companies registered in June: SECP
ISLAMABAD: In June, the Securities and Exchange Commission of Pakistan (SECP) registered 773 new companies. As compared to the corresponding month of the last...
No requirement to be a tax filer for vehicles below 1000cc: Tax authorities
ISLAMABAD: While the Federal Board of Revenue (FBR) has imposed the conditions for filers for the purchase of new/imported vehicles from July...
Bureaucracy in Finance ministry behind decision to increase petroleum prices
ISLAMABAD:Â The bureaucracy sitting at the Finance Ministry and the Federal Board of Revenue (FBR) compelled the caretaker Prime Minister to increase the...
Market Daily: PSX falls another 107 points totaling 1760 since last five sessions
LAHORE: Pakistan equity markets extended the bearish trend wherein the index fell by 107 points, stretching the decline in the index to...