Pakistan’s growth backed by China’s A1 stable ratings, says Moody’s
Moody’s has reaffirmed Pakistan’s credit profile as B3 stable, while it boasts GDP growth of 5.8 per cent against 3.8 per cent amongst its peers.
Govt releases Rs150 bn to IPPs without pre-audit checks
ISLAMABAD:Â Sources close to the Power division have revealed that the Ministry of Power has released around Rs150 billion to Independent Power Producers...
Market Daily: KSE 100 settles positive, Moody’s maintains B3 stable
The index settled with minor alteration of 25.13 points at 41,648.65, positive after 6 sessions.
Dewan Cement in sweet spot to gain cement share of Bhasha dam
KARACHI: Dewan Cement Limited (DCL), a renowned cement manufacturer of the country, eyes on the rising cement demand in Pakistan in general...
PSX outsource IT services, website to RapidCompute Cloud
ISLAMABAD: Having signed an agreement to host Pakistan Stocks Exchange’s mission critical website and related services on the RapidCompute Cloud a week...
US sanctions on Iran threaten Chabahar port project
WASHINGTON: US President Donald Trump’s decision to pull out of the Iran nuclear accord and re-impose sanctions on Tehran threatens to derail...
Construction of small dams imperative, awareness of water conservation necessary: FPCCI
ISLAMABAD: FPCCI Chairman Coordination Malik Sohail on Sunday said conflicts over the construction of large dams has wasted a lot of national...
Gas consumption witnesses 20pc increase in 8 months
ISLAMABAD: The consumption of natural and liquefied petroleum gas has witnessed around 20 per cent increase during eight months of the current...
Mineral Transformation Plan launched to improve productivity, enhance exports
ISLAMABAD: The Ministry of Planning and Development has started a new initiative – Cluster Development Based Mineral Transformation Plan – to improve...
Claims of economic uplift, power generation, revenue collection questionable: ICST
ISLAMABAD: The Islamabad Chamber of Small Traders (ICST) on Sunday questioned the tall claims of economic turnaround, enhanced power generation and increased...
APCMA urges govt to decrease taxes, FED on cement
ISLAMABAD: The All Pakistan Cement Manufacturers Association (APCMA) has urged the government to decrease the taxes and Federal Excise Duty (FED) on...
FBR unhappy with tax incentives, may take up issue with next government
ISLAMABAD: The Federal Board of Revenue (FBR), which is unhappy over the tax incentives announced by the government in its recently announced...
New export package on the cards
The outgoing government in a bid to please the business community before the general elections is planning to announce another export package ranging from R30 billion to Rs42 billion.
Neelum-Jhelum Unit 4 hits snags days after passing trial runs
The NJHP’s unit-4 had started trial generation last month and it continues to pass through various tests required for commercial operation. The unit has injected more than 1.3 million units of electricity during the test run
Govt refuses to intervene in revoking PSO-PNSC oil supply deal
It was also highlighted in the ECC meeting that a major reason for acute petrol shortages in January 2015 was late arrival of two PNSC vessels despite timely opening of letters of credit by PSO