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Samsung acquires Harman International for over $8b

In a bid to acquire expertise in audio, Samsung is acquiring the company behind Harman Kardon and JBL: Harman International, according to media sources....

Rs 8b worth boring machines to become worthless upon completion of NJHP

The two tunnel boring machines (TBM)  purchased at the cost of Rs8 billion for digging the tunnels of 969-MW Neelum Jhelum hydropower project (NJHP)...

Loans to private sector increase as economy continues to grow

The previous year 2016, witnessed an increase in bank lending to small and medium enterprises (SME). The trend continued for corporate loans also. There was...

Large scale RLNG users may pay higher rates

The government is considering restructuring the natural gas tariff to provide imported re-gasified liquefied natural gas (RLNG) to large domestic consumers at higher rates. According...

Cellular operators against state-run telecom company’s expansion plans

Cellular mobile operators across the country have opposed a state-run telecom firm’s move to acquire a licence for operational purposes, beyond its designated northern...

Govt to soon discuss overdue payments with IPPs

A meeting to resolve the re-emerging issue of overdue payments of the independent power producers (IPPs) is set to be held on Monday, sources...

Import of unhygienic agricultural items’ consignment barred

In an apparent bid to stop the unchecked import of vegetable and fruits from Dubai, Ministry of Food Security and Research (FS&R) has stopped...

Drilling, construction starts in Thar area under CPEC

The drilling and construction work has started in the second largest point block-I of Thar Coal area under the China-Pakistan Economic Corridor. According to a...
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