Third of agricultural land uncultivable due to soil salinity: FPCCI

Lahore: According to Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Pakistan is experiencing major salinity in its soil which has caused a...

Chinese delegation considers investment opportunities in KP’s oil and gas sector

Peshawar: A Chinese CCK Group delegation visited Khyber-Pakhtunkhwa Oil and Gas Company Limited (KPOGCL) on Thursday, and held detailed discussions to explore investment opportunities...

PPL drills 1.3 km-long horizontal well for tight gas

Karachi: Pakistan Petroleum Limited (PPL) has drilled and completed tight gas horizontal well Naushahro Feroz (NF) Hor-1, an official said here on Thursday. At total...

Total broadband subscribers in Pakistan cross 44.32m

Islamabad: The total broadband subscribers including 3G and 4G services have crossed 44.32 million in the country, registering a reasonable growth rate with each...

Foreign reserves declined by $537.8m this week

KARACHI: Total liquid foreign reserves of the country declined by $537.8 million to $20.830 billion this week compared to $21.368 billion last week. The reserves...

Power tariff for June may see reduction of Rs2.13 per unit

Islamabad: A petition for electricity tariff reduction has been filed with National Electric Power Regulatory Authority (NEPRA) by the Central Power Purchasing Agency-Guarantee (CPPA-G)...

Industrial output grows 5.69pc in 11 months of FY 2016-17

Islamabad: The country’s large scale manufacturing (LSM) sector grew by 5.69 percent during the first 11 months of fiscal year 2016-17 as compared to...

PSO borrowings from banks surge to Rs130.5b

Islamabad: Pakistan State Oil’s (PSO) borrowing from banks has surged to Rs130.5b due to default of payments by Pakistan International Airlines (PIA) and power...

Cumulative trade deficit for last fours recorded at nearly $99b

ISLAMABAD: As exports kept falling compared to ever rising imports since the present government came into power in 2013, the trade deficit during the...

SBP governor meets top leadership of commercial banks, sets future policy

KARACHI State Bank of Pakistan (SBP) Governor, Tariq Bajwa presided his first meeting with the presidents/chief executive officers of all commercial banks here on Wednesday...

Provincial govt sets aside Rs10b for establishment of Balochistan Bank

Quetta: The provincial government has set aside Rs10b for the launching of Balochistan Bank in the current financial year 2017-18. It is expected to...

Senate standing committee raises doubts over BOP’s right shares issue

Islamabad: On a complaint of a minor shareholder of the Bank of Punjab, the Senate Standing Committee on Thursday took it up in regard...

Wind power projects take priority over coal in Pakistan

Islamabad: Pakistan is beginning to reap the benefits of Chinese investment in renewable energy infrastructure, with the opening of the first wind power project...

PML-N lawmakers assure completion of 3600MW power projects

Lahore: Pakistan Muslim League-N (PML-N) lawmakers assured on Tuesday completion of 3,600 megawatt power projects in Jhang, Sheikhupura and Balloki within the current year. Member...

Agri dept eyes to control fruit flies in 30 districts

MULTAN Agriculture (Extension) Director General, Zafar Yab Haider Tuesday said that the agriculture department had launched a special project to control fruit flies in orchards...

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