PSO earns Rs 14.2bn in profit over last three-quarters

Pakistan State Oil (PSO) posted its Profit-After-Tax (PAT) of Rs 4.1 billion in the 3rd quarter of 2016-17 against a loss of Rs 2.1...

IFC keen to increase private sector investment in Pakistan

International Finance Corporation (IFC) is keen to increase private sector investment in Pakistan. IFC Executive Vice President (EVP) and Chie Executive Officer (ECO) Philippe...

NBP to introduce Shariah compliant Youth Business Loan Scheme

National Bank of Pakistan (NBP) is likely to launch the Prime Minister Youth Business Loan (PMYBL) scheme under the Islamic Banking Division 'Aitemaad' soon,...

SECP agrees to country’s first Private Equity Fund

The Securities and Exchange Commission of Pakistan (SECP) has given go-ahead to the country’s  first private equity and venture capital fund worth $100m under...

ADB appoints first woman country director Xiaohong Yang to Pakistan

The Asian Development Bank (ADB) has appointed China’s Xiaohong Yang as new Country Director for Pakistan. According to ADB press statement, Yang, who assumed office...

9 industrial zones to be constructed under phase-II of CPEC

The Ministry of Planning, Development & Reform has said that the initiation of the second phase of China-Pakistan Economic Corridor (CPEC) projects will lead...

Plastic industry seeks reduction in taxes

The three-day PakPlas2017 – the International Exhibition of Plastic Machinery, Equipment, Raw Material and Technology was held on Sunday at the Expo Centre, Karachi....

Wapda chairman visits Hub Dam

Pakistan Water and Power Development Authority (Wapda) Chairman Lt Gen (R) Muzammil Hussain visited Hub Dam location and had a detailed round of the...

Over Rs479m released for Revenue Division projects

The government has so far released Rs479.713 million for various projects of Revenue Division out of its total allocations of Rs687.304 earmarked in the...

Exporters demand professional CEO of TDAP

A large number of exporters have urged the government to appoint some top professional to head the Trade Development Authority of Pakistan (TDAP) to...

Govt likely to drop Muzaffargarh, RYK power plants from CPEC

The government is likely to exclude 1,320 MW each Rahim yaar khan coal power plant and Muzaffargarh power plants from the China-Pakistan Economic Corridor...

World Bank agrees to assist in construction of Peshawar-Kabul highway

Finance Minister Ishaq Dar has urged the World Bank to finance the Peshawar-Kabul highway. The project will not link Peshawar with the Afghan capital...

Proper insurance system can strengthen agriculture sector: FPCCI

  The federation of Pakistan Chamber of Commerce and Industry (FPCCI) on Sunday said a proper insurance system can strengthen the agriculture sector and address...

Pakistan’s exports decrease in other regions except Europe

  Though it is a harsh fact that Pakistan could not fully tap the opportunities provided to it under the Generalized System of Preferences (GSP)...

Power ministry allegedly responsible for power sector’s growing circular debt

    Power sector owes Rs 227.3b to PSO PSO maintains uninterrupted supplies to the power plants despite perpetual defaults of payments   The menace of circular...

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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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Sales of motorbikes, three wheelers decline 9.9pc in Aug

ISLAMABAD: The sales of motorcycles and three-wheelers dipped 9.91pc in August 2019 when compared with the corresponding month of last year, Pakistan Automobile Manufacturing...