Generator sales spike in Karachi, as power outages return
KARACHI: Generator sales have spiked in Karachi since power outages increased in the last few weeks and the dispute between K-Electric and...
FBR forwards recommendation to Finance Ministry for clearance of tax refunds
One of the suggestions under consideration is to launch a three-year negotiable security bond worth over Rs80 billion in different phases via the central bank, added the sources
Patrind hydro-power plant gets connected to national grid: NTDC
Lahore: The National Transmission and Despatch Company Limited (NTDC) on Tuesday said that one unit of the Patrind hydro-power plant has started...
Gas shortage to double next year, CCoE informed
ISLAMABAD:Â Amid lack of new explorations, the shortage of gas is likely to be doubled next year, with a projected shortfall of 477mmcfd.
In...
ECC approves regulatory amendments in export, import policy orders
ISLAMABAD:Â With an aim to improve ease of doing business in Pakistan, the Economic Coordination Committee of the Cabinet (ECC) approved on Tuesday...
CM Buzdar urged to review anti-encroachment drive
LCCI president says ongoing anti-encroachment drive in Lahore's Shahalami Market is depriving people of their jobs, besides resulting in a loss...
Bears dominate as KSE-100 drops 420 points
KARACHI:Â Pakistan Stock Exchange (PSX) witnessed a negative start to the trading week, as the indices remained in the red zone for almost...
Gold imports increase 4.78pc in six months
ISLAMABAD:Â Gold imports into the country increased by 4.78pc during the first half of the current financial year (2019-20) as compared to the...
High powered Chinese delegation arrives to review projects under CPEC
A high level Chinese delegation arrived Tuesday on a four-day visit to Pakistan to discuss industrial cooperation, implementation of Gwadar projects, and...
PM told to seek IMF bailout on Pakistan’s terms: Report
The finance minister stressed on finding an alternative to the IMF and the final option was to reach a deal with them on their terms, the sources said quoting the finance minister
Nepra approves reduction in power tariff of Rs 2.23 per unit
Islamabad: National Electric Power and Regulatory Authority (NEPRA) today approved a power tariff reduction of Rs2.23 per unit for June on account...
Business community lauds govt decision to provide Rs15b for textile sector
Islamabad Chamber of Small Traders Thursday lauded the decision of the government to provide Rs 15 billion to the textile sector.
Textile sector...
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
DFID to enhance economic cooperation with Pakistan
ISLAMABAD:Â United Kingdom Secretary of State for International Development and Minister Women and Equalities Penny Mordaunt called on Finance Minister Asad Umar on...
FPCCI trade delegation visits Qatar
ISLAMABAD
A delegation from the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) visited Doha, Qatar on Aug 13, 2017, under the...