RS17B being spent in Balochistan’s Health Sector

In Balochistan, 17 billion rupees are being spent in health sector under the Public Sector Development Program (PSDP). According to official sources, new health centres...

Hike in price of local gas to hit masses, business community, warns ICST

Islamabad Chamber of Small Traders on Sunday lauded the decision of the government to hasten work on TAPI gas pipeline project to import natural...

Abbotabad RTO comes harsh on sale of smuggled cigarettes

  Abbottabad Regional Tax Office's (RTO) team has seized a huge cache of non-duty paid illegal cigarettes during raids in Abbottabad and Mansehra. The raids were...

PSX’s functioning according to law: some brokers are illegally paying fix amount to investors on shares and cash

      The function of Pakistan Stock Exchange (PSX) is to manage that investors' share buy or sell orders are executed on the PSX's trading system...

Local, Iranian firms agree to get PSM on 30-year lease

  by GHULAM ABBAS After the decision of the government to go for a long-term lease plan instead of privatising Pakistan Steel Mill (PSM), an Iranian...

Linde Pakistan changing hands

A consortium of as many as 4 companies have shown interest in jointly acquiring 60% shares of Linde Pakistan Limited (LPL), it was informed...

Brokers default – PSX finally gives its side of the story

As the Pakistan stock market continues to make steady advances, the news of two brokerage houses defaulting at less than two weeks apart shook...

Xiaomi partners with Zong and Daraz to launch its products locally

Zong (CMPak), Xiaomi and Daraz have decided to join hands to launch Xiaomi products in Pakistan, it has been reported. Zong is believed to...

SBP orders strict monitoring to curb money laundering & terrorism financing

The State Bank of Pakistan (SBP) on Friday advised all financial institutions to take necessary measures to ensure that beneficial owners, directors, members, trustees...

Govt to acquire $600m in loans for balance of payments and budgetary support

Ministry of Finance (MoF) has completed arrangements for $ 600 million commercial loan from two Chinese banks. The funds will be used to finance...

Sugar mills make billions by selling sugar to USC at higher prices

Sugar mills have pocketed billions of rupees by selling sugar to the Utility Stores Corporation (USC)at higher-than-prevailing market prices, causing heavy losses to the...

Hascol to invest $20m in its lubricant subsidiary

Hascol Petroleum Limited has announced that it will soon commence work on its wholly-owned subsidiary Hascol Lubricant Limited at the cost of $ US...

Motorola all set to make a comeback in the local mobile industry

Motorola is making a comeback in the local mobile industry through the launch of its new trademark “Lenovo Moto”, reported a national daily.It is...

Pakistan soon to export seafood to Xinjiang

Pakistan will soon be exporting seafood to the Xinjiang Uygur, an autonomous region in the north-west of China. The transport will use the land route...

IHC suspends PM’s orders on OGRA member’s appointment

Islamabad High Court (IHC) has suspended the orders of Prime Minister Nawaz Sharif regarding the appointment of member oil OGRA. A single member bench comprising of...

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Bookings for Kia Picanto from next week

After introducing two of its vehicles in the Pakistani market, Kia Lucky Motors is all set to launch Kia Picanto for its customers. The company...

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Huawei expects to see revenue uplift from 5G roll-out next year

SHANGHAI: Huawei Technologies expects the roll-out of next-generation 5G wireless networks to start contributing to the firm’s revenue from next year when China launches...