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Wapda signs Rs4.9b contract for construction of Dasu hydropower infrastructures

The contract is scheduled to be completed in about two years. Dasu Hydropower Project will be completed in two stages

Thar coal power plant set for completion by March 2019

ISLAMABAD: Thar coal power plant will be completed by March 2019 and start generating 660MW as most of the work on mining and power...

Pakistan’s textile exports inch up by 0.86 percent in 1st quarter FY19

During the period under review, bedwear exports from the country increased by 2.89 percent, from $567.224 million to $583.62 million while the tents canvas and tarpaulin's exports also increased by 3.54 percent from $16.13 million to $16.7 million

FBR contemplating to allow manufacturers to import raw materials under DTRE scheme

Mr Khokhar shared the government had agreed in principle to make payments of Customs rebate automatically on the realization of export proceeds and a proclamation in this respect would come soon

Govt contemplating to export surplus wheat

Mr Dawood highlighted the surplus of wheat in the country needs to be exported for reining in the decline of foreign currency reserves and save storage cost of the commodity

Engro says govt has no contractual right to renegotiate LNG agreement

On Thursday, the Information Minister Fawad Chaudhary had announced the government would be conducting an audit of the two LNG deals

IMC resumes booking of vehicles

IMC requests customers to make partial payments only and told them not to make full payments at the time of booking their vehicles

Honda Atlas increases prices of its vehicle lineup

Honda Atlas Cars (Pakistan) Limited on Friday increased the prices of its vehicle lineup. The new tariff will be effective from October 22, 2018.In...

Tesla launches $45,000 Model 3

Tesla Inc has introduced a new $45,000 version of its Model 3 sedan on its website, launching the car as US tax breaks for...

Oil prices edge up, but set for weekly loss on stock build, trade row

For the week, U.S. crude was down 3.5 percent, while Brent was 1.1 percent lower, putting both on track for a second consecutive weekly decline

ICCI asks govt to provide interest free loans to youth for business startups

ICCI president said that 60 percent of our population was comprised of youth and government should create an enabling environment to engage youth in entrepreneurial activities

Federal Cabinet decides to renegotiate LNG deals

The information minister said the provinces would reduce their share in the National Finance Commission Award to give 3 percent share for the development of erstwhile FATA

APG team briefs Asad Umar, acknowledges progress on AML/CFT obligations

The Asia-Pacific Group (APG) Mutual Evaluation Assessment Team headed by the APG Executive Secretary Gordon Hook had a courtesy meeting with the Finance Minister Asad Umar...

UBL announces 50pc decline in YoY earnings

United Bank Limited (UBL) announced earnings Thursday for the nine months calendar year 2018 (9MCY18) at Rs9.7 billion depicting a year-on-year (YoY) decline of...

Govt to start contamination free cotton campaign

ISLAMABAD: The government has decided to start a contamination free cotton campaign in order to improve the standard of cotton. Advisor to Prime Minister on...

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Dearth of economic experts in Finance Ministry irks PM

‘There is not a single ministry official who holds a PhD degree in the field of economics and finance’ ‘Secretaries have mostly been...

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Pakistan ‘gifts’ 15,000 livestock animals to Gulf countries despite ban

'Influentials sitting in important ministries and those belonging to foreign missions were involved in the export after taking permission from former PM Abbasi' ISLAMABAD: Despite a...