Gas outages in winters: ECC considering severing gas supply to four fertilizer plants
Islamabad: Consumers this winter could hope for improved natural gas supply this winter season, as the Economic Coordination Committee (ECC) mulls at severing gas...
SBP sets Nisab at Rs38,406 for deduction of Zakat
The State Bank of Pakistan has fixed Nisab for deduction of Zakat from specific bank accounts at Rs.38,406. The Zakat will be deducted from...
Ministry of Planning, Development and Reform releases funds for development projects
ISLAMABAD: Ministry of Planning, Development and Reform Spokesman Asim Khan has highlighted that the ministry has released fund for development projects during the period...
Car sales drop 25pc in 2019
Car sales in the country jumped by 23pc on a month-on-month basis to 12,100 units in Dec 2019, as compared to Nov 2019. However,...
Steel sector assures to comply with Pak-EPA environmental standards
The local steel sector industrialists on Tuesday called upon the Pakistan Environmental Protection Agency (Pak-EPA) for restoration of closed steel industrial units and assured...
Volkswagen accelerates electric push as core brand margin slips
VW has brought forward its target of achieving a return on sales of 6pc to 2022, but this will also involve cutting jobs
WOLFSBURG:...
Petroleum crude exports increase by 52.76pc
ISLAMABAD: Country’s petroleum crude exports increased by 52.76 per cent during the first quarter of the current fiscal year (July-September) as compared to the...
NEPRA awards 20-year electricity distribution licence to Hazara Electric Supply Company
Power utility to serve over 800,000 consumers in Abbottabad, Haripur, Mansehra, Battagram, Torghar, Upper and Lower Kohistan, and Kolai Pallas areas formerly served by PESCO
Previous government approved surcharges to pay off power sector liabilities
During the ECC meeting, it was proposed Rs50 billion should be obtained in loans from commercial banks to be arranged via Government Holdings Private Limited (GHPL)
Large-scale manufacturing grows 0.5pc in July
ISLAMABAD: The large-scale manufacturing industries (LSMI) of the country has witnessed a growth of 0.50 per cent during the first month of the current fiscal...
Defaulters owe Rs244.8bn to electric companies, majority being connections to tube wells
Energy defaulters owe a total of Rs244.79 billion as 10 major electricity distribution companies have published names of 45,914 defaulters.
Summit Bank to be merged with Sindh Bank by August 31
KARACHI: The board meeting of the Summit Bank has finally decided to merge with the Sindh Bank after a final meeting with the shareholders...
CAP elects Ch Habib Kanwal as chairman
LAHORE: Chaudhary Muhammad Habib Kanwal has been elected as Chairman of the Constructors Association of Pakistan (CAP) while Engr Muhammad Hamayun Khan as Senior Vice...
Hashoo Group secures three CSR awards
ISLAMABAD: Hashoo Group secured three Corporate Social Responsibility (CSR) awards for its significant contributions in social development through different remarkable interventions in the following categories:...
Govt briefs WB on development and energy priorities for next fiscal
The finance team briefed the World Bank (WB) officials about the development priorities including the power sector during the next financial year, an official...
