Pakistan’s largest private power producer has a new chairman & he plans to bring energy prices down to one third
LAHORE: As power prices surge in the country, Hubco Board Chairman, Habibullah Khan plans to provide electricity slightly above one-third of the...
Spotify shares surge in record-setting direct listing
Shares of Spotify Technology ended up 12.9 per cent on their first day of trade on the New York Stock Exchange (NYSE),...
Cryptocurrency profits in Asia rise as arbitrage boom fizzles
SHANGHAI: When China closed its local cryptocurrency exchanges late last year, an underground ecosystem of bitcoin “mules” and peer-to-peer platforms sprung up...
Cement industry registers highest ever dispatches in March
Karachi: Pakistan's cement exports increased by a whopping 85 per cent while recording highest ever dispatches in the month of March, All Pakistan Cement...
Exchange rate under pressure, amid rising dollar demand
LAHORE: The rupee further devalued against the dollar on Tuesday, amid rising demand for the greenback and tight interbank regulations by the...
Power sector to get another Rs50bn to smooth supply
LAHORE: The federal government in a bid to ensure uninterrupted energy supply during the upcoming summer and the holy month of Ramazan,...
Pak holds 10th Round of Phase II China Pakistan Free Trade Agreement
ISLAMABAD: The 10th Round of Phase II China-Pakistan Free Trade Agreement (CPFTA) was held in Islamabad on 2nd April, 2018.
The session was...
Chinese investors seek business in local ceramics sector
LAHORE: A Chinese delegation from the city of Zibo has expressed keen interest to have joint ventures in the ceramics sector of...
Gold imports up 27.81 pc in 7 months
ISLAMABAD: The import of gold during the first seven months (July-February) of the current fiscal year has increased by 27.81 per cent...
FBR urged to reactivate Alternative Dispute Resolution Committee (ADRC)
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in its pre-budget proposals, has urged the government to reactivate the Alternate...
Rupee devaluation contained, power crisis to be solved via privatisation: Miftah Ismail
ISLAMABAD: Adviser to Prime Minister on Finance Miftah Ismail has said what we were to do about the devaluation of rupee, we...
Tobacco industry fails to deliver revenue target set by FBR
ISLAMABAD: Despite the introduction of a third slab on cigarette prices, the Federal Board of Revenue (FBR) has been losing revenue and...
ICCI calls for decrease in sales tax on POL products
ISLAMABAD: The business community here on Tuesday urged the government to withdraw increases in sales tax on some petroleum products, since the price...
NA committee directs govt to revive PIA
PESHAWAR: The National Assembly (NA) Standing Committee on Cabinet Secretariat while strongly opposing the plan of outsourcing Pakistan International Airlines (PIA) has...
FFC recommends $121mn investment in Thar Energy
LAHORE: In a notification to the Pakistan Stock Exchange (PSX) Fauji Fertiliser Company (FFC) Limited informed that it has recommended approval of...