OICCI formally introduces newly appointed president
KARACHI: To formally introduce its newly appointed President Bruno Olierhoek, Overseas Investors Chamber of Commerce and Industry (OICCI) held a media briefing on...
World’s largest fintech partners with Telenor Microfinance Bank to offer mobile payments, digital services
KARACHI: Telenor Group has reached a strategic partnership agreement with Ant Financial Services Group in Pakistan, where Ant Financial will invest $184.5million...
Market Daily: Indices inch upwards, KSE 100 gains 207.14 points
LAHORE: The KSE 100 index continued its northbound journey while disregarding concerns emanating from the unexpected outcome of the hotly contested election for...
ABAD raises voice against illegal construction in Karachi
KARACHI: Illegal construction without No Objection Certificate (NOC) from the relevant department is a serious problem in Karachi and the Association of...
US renews GSP scheme for Pakistan and 120 other countries
ISLAMABAD: US’s Generalised System of Preferences (GSP) scheme has been renewed for Pakistan and 120 other countries till December 2020.
The bill passed...
Govt abandons plans of sugar procurement citing PSMA refusal
ISLAMABAD: The government is said to have abandoned the plan of procuring 0.3 million tons of sugar and export plan after sugar...
Disco’s recoveries fall, as circular debt crosses Rs750 billion
ISLAMABAD: The Power Ministry on Monday acknowledged on Monday circular debt has crossed over Rs750 billion due to decrease in recoveries in...
Pakistan’s CPEC liabilities will peak to $3.3-4.5 billion annually by 2025
LAHORE: The 10th Annual report on state of Pakistan’s economy entitled “China-Pakistan Economic Corridor Review and Analysis” says the country’s CPEC debt...
AFG contemplating to support Pakistan in installation of solar tube wells
ISLAMABAD: The French Development Agency (AFD) is contemplating to give Pakistan help for installation of solar-powered tube-wells in Balochistan, said the French...
Faltering of K-Electric deal could be catastrophic for investor confidence: Abraaj
ISLAMABAD: Abraaj Group on Monday said the delay in clearance of K-Electrics acquisition by Shanghai Electric Power by regulatory authorities is bound...
PM gives go-ahead for release of Rs570 million for hospital’s upgradation
ISLAMABAD: The Prime Minister Shahid Khaqan Abbasi in contravention of rules has ordered the release of Rs570 million for the upgradation of...
Sindh, Punjab faced major water shortage during October-March
ISLAMABAD: The Indus River System Authority (IRSA) said on Monday, Punjab faced 31 percent water shortage, Sindh 32 percent, Balochistan 7 percent...
Govt plans collection of Rs17bn from consumers on account of gas loss
ISLAMABAD: Pakistan Muslim League-Nawaz government is all set to approve the collection of above Rs17 billion from the gas consumers on account...
CPEC to ensure prosperity in Pakistan: Governor
LAHORE: Punjab Governor Malik Muhammad Rafique Rajwana said on Monday that China-Pakistan Economic Corridor (CPEC) would prove to be a game changer...
SsangYong Motors keen to introduce premium SUVs in Pakistan
KARACHI: Within weeks of launching Daehan SHEHZORE, the senior management of SsangYong Motor Company (SYMC), a well-known premier SUV manufacturer from South Korea...