PM Abbasi takes helm of CCOP, removes Ishaq Dar as head

Islamabad: In a second time in a week, the Prime Minister Shahid Khaqan Abbasi has taken over the helm of Cabinet Committee...

Sport goods exports reached $307.943m in FY 2016-17

Islamabad: Pakistan earned $307.943 million by exporting sports goods during the fiscal year 2016-17, official sources said. The earnings from export of sports products...

Neelum-Jhelum hydropower project to start generating electricity next year

Lahore: The first unit of Neelum-Jhelum Hydropower Project (NJHPP) and Tarbela-IV Extension will start generating 2379MW power during the next year, Wapda...

PTA formulates new regulations to stop use of unregistered cell phones, devices

ISLAMABAD The Pakistan Telecommunication Authority (PTA) has formulated regulations to permanently stop the use of lost, stolen, invalid IMEI number, mobile phones/communicating devices...

Govt initiates major policy reforms to facilitate business community: PM

ISLAMABAD Prime Minister Shahid Khaqan Abbasi on Wednesday said that government had initiated major policy reforms to facilitate business community. The prime minister said...

India moves to revive TAPI gas pipeline

NEW DELHI India will host the next steering committee meeting of the proposed 1,814 kilometre-long Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline, senior officials on both...

CCP show causes frozen food manufacturer for deceptive marketing

ISLAMABAD The Competition Commission of Pakistan (CCP) has issued a show cause notice to a frozen foods manufacturing company, Kitchen Stone Foods, for...

Fertilizer makers to face pressure on margins despite peak demand

LAHORE Fertilizer makers may keep on facing pressure on margins despite the peak demand season where a pricing pressure would persist on both...

Country’s FDI surges by 162pc, reaches $222.6mn during July 2017

KARACHI The country received foreign direct investment (FDI) of $ 222.6 million in the month of July 2017, up by 162 per cent...

Market daily: PSX ends with hints of green

LAHORE Investors finally saw some green on their trade screen after the market rebounded to close with gains. After a dip in the...

GSK Pakistan reports profits of Rs307.5m for Jan-June 2017

Karachi: In a notification sent to the bourse on Tuesday, GlaxoSmithKline Consumer Healthcare Pakistan Limited (GSKCH) reported its earnings for the half...

OMC profit margins may increase in wake of PM Shahid Khan Abbasi’s appointment

Islamabad: The revision in oil marketing company’s (OMCs) margins, which were due to be changed from 1st of July 2017 seems to...

Govt appoints Javaid Jehangir as 20th auditor-general of Pakistan

Islamabad: Another controversial appointment was authorized by the government on Tuesday, as Javaid Jehangir got assigned the portfolio of the 20th auditor-general of...

Power projects of 2,733MW capacity being undertaken by CTG

Beijing: China Three Gorges Corporation (CTG) is actively engaged to install its six power projects in Pakistan, having total capacity of 2,733MW,...

Govt allocates Rs120b for development spending to ministries for July-Sep 2017

Islamabad: Government officials on Tuesday said Rs120b will be allocated under the auspices of Public Sector Development Programme (PSDP) in the first...