Summer load-shedding to persist, despite increased power supply
LAHORE: Despite increasing power supply, consumers are expected to face power outages during the upcoming summer months, reported a private news outlet.
The...
PM to set up NSW to facilitate trade
Prime Minister (PM) Nawaz Sharif has given go ahead to setting up a National Single Window (NSW) to manage the country’s external...
Sh Rasheed vows to make Pakistan Railways profitable
Minister says the number of freight trains will increase from 8 to 12 by March next year
PESHAWAR:Â Railways Minister Sheikh Rasheed Ahmad claimed...
SBP issues ‘Security of Digital Payments’ for banks/MFB in the wake of recent cyber attacks
SBP on Wednesday issued “Security of Digital Payments’ in order to safeguard banks/MFBs and their customers from potential losses due to cyber-crimes and online banking frauds.
Pakistan, Egypt form joint working group on trade
ISLAMABAD:Â The Ministry of Commerce organised a Pakistan-Egypt Trade Conference in Islamabad. It was the first of a series of such conferences planned...
Market Daily: PSX rallies up as rupee devalues
LAHORE: The KSE 100 index extended its rally from Tuesday’s session on the back of the depreciated rupee after the central bank...
Repatriation of profits and dividends rises to $1.33b during first 9 months of FY 2016-17: SBP
According to statistics released by the State Bank of Pakistan (SBP) on Tuesday, the repatriation of profits and dividends in the first...
Pakistan estimated to achieve more than 5 pc GDP growth this fiscal
Even though the government remains embroiled in a grave political crisis, the country is likely achieve a GDP growth rate of more...
Super Tax expansion on the cards
The government is mulling expanding the Super Tax net to bring high-net-worth individuals into the tax bracket.
The first formal meeting to review...
PM underscores need to streamline Pak-Afghan Transit Trade
ISLAMABAD:Â Prime Minister Imran Khan on Wednesday chaired a meeting to review issues related to Pak-Afghan Transit Trade and the way forward towards...
NEPRA increases electricity prices by Rs2.04
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has made three electricity surcharges permanent, increasing the power prices by Rs2.04 per unit.
Earlier, the per...
PSO owed Rs28 billion in dues for LNG supply to SNGPL
LAHORE: Pakistan State Oil (PSO) is owed Rs28 billion in payments for LNG supply by Sui Northern Gas Pipelines (SNGPL), igniting worries...
ADB approves $1.3bn loan for Pakistan
Bank approves $1bn to shore up Pakistan's forex reserves and $300m to help the govt uplift energy sector
Foreign Direct Investment surges 78.1pc in five months
ISLAMABAD: Foreign Direct Investment (FDI) in Pakistan surged 78.1pc to $850 million in July-November FY20, as compared to the investment of $477.3...
PIAF seeks 10pc reduction in gas tariff for local industry
LAHORE:Â The Pakistan Industrial and Traders Associations Front (PIAF) has said that the cost of doing business has increased manifold, which would lead...