Cost of Kachhi canal project soars up to Rs80b

The government has still not any taken action against those responsible for delays and irregularities in Kachhi canal project while the cost of supplying water...

SBP looking into NADRA-MasterCard agreement over concerns of possible breach of security of national database

The State Bank of Pakistan (SBP) has decided to look into a newly signed agreement between MasterCard - an online payment processing company and...

Power tussle in FPCCI lingers on

Members of the executive committee of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) have expressed concern over FPCCI President Zubair Tufail...

Exchange companies awaiting Pak-rupee devaluation

Despite all efforts of the State Bank of Pakistan (SBP) to shrink the gap between the interbank and Kerb market rates, exchange companies are not...

Expo 2017: Future Energy

by Muhammad Asif Noor Less than five months remain before the ‘Expo 2017: Future Energy’ opens in Astana, Kazakhstan. The ‘future energy’ theme is meant to...

ECNEC approves energy and education mega projects

In a meeting chaired by Finance Minister Ishaq Dar on Wednesday, the Executive Committee of the National Economic Council (ECNEC) approved various mega projects...

Pakistan seeks help to set up institution for financing development

Pakistan is seeking the support of international financial institutions (IFI) to set up a new institution to facilitate long-term investment for infrastructure projects, an...

Two new power plants to add 1650 MW to national grid

The government signed four agreements on Wednesday to set up two coal-based power plants of a total of 1650 MWs in Hub and Thar...

Work on Bhasha and Mohmand dams to commence in 2017: minister

Minister for Water and Power Khawaja Asif on Wednesday said that the groundbreaking ceremonies of two massive reservoir construction projects, the Diamer-Bhasha dam and...

Intra-day trading: KSE-100 crosses 50,000 points, touches record high

The Pakistan Stock Exchange (PSX) continued its record-breaking upward trajectory Tuesday (today) with the KSE-100 index testing the 50,000 barrier in intraday trading for...

Pakistan’s GSP plus status in jeopardy

    Pakistan’s GSP Plus status is in jeopardy as the government has still not prepared a report to respond to the queries raised by UN’s...

Strong deposit growth bodes well for Pak banks

    Deposits at Pakistan’s commercial banks reached Rs11.2 trillion as of December 30, 2016, some 20.4 per cent year-on-year growth in deposits compared to the...

PSX touches record height of 49,876 points

    On first day of the business week, Pakistan Stock Exchange (PSX) on Monday closed at the highest level in its history by trading up...

Chinese consortium to place directors on PSX

  Chinese consortium-purchasing 40 per cent equity of Pakistan Stock Exchange (PSX) recently along with two local financial institutions will appoint its directors on PSX...

‘Hajj quota for Pakistani pilgrims increased’

    Pakistan’s Religious Affairs Minister Sardar Muhammad Yousaf and Saudi Hajj and Umrah Minister Mohammed Saleh bin TaherBentin in a meeting in Jeddah decided that...

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Cement prices surge to previous levels in Punjab

LAHORE: Cement prices, after witnessing a drop of almost 15pc during the last five months, have started reverting to the previous level in the northern...

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