Efforts underway to make PIA profitable, says Sardar Mehtab
All efforts are underway to make PIA profitable and fulfilling consumers’ expectations, as envisioned by Prime Minister Nawaz Sharif.
This was stated by Prime Minister’s...
Dewan Cement in sweet spot to gain cement share of Bhasha dam
KARACHI: Dewan Cement Limited (DCL), a renowned cement manufacturer of the country, eyes on the rising cement demand in Pakistan in general and on...
Govt pondering to lay oil pipeline in light of tanker strikes
Islamabad: The continuing threats of strikes by the Oil Tankers Association, has made the government reconsider its plans and the Economic Coordination Committee (ECC)...
SBP’s foreign exchange reserves fell by $3.9b since October 2016
Karachi: According to data available, the foreign exchange reserves held by the State Bank of Pakistan (SBP) are said to have fallen by around...
AGP office unwilling to conduct pre-audit of Rs80b circular debt payment
ISLAMABAD: The Audit General of Pakistan (AGP) has shown unwillingness to carry out a pre-audit of circular debt, jeopardizing government’s plan to make a...
SMEDA facilitated Rs29.73 billion investment in last ten years
SMEDA supported up-gradation of 27 existing SME clusters by providing them common facility centres of worth Rs 2.772 billion as PSDP (Public Sector Development Programme) projects.
Ogra proposes Rs2.36 per litre increase in petrol price
ISLAMABAD
After notifying due authorities the Oil and Gas Regulatory Authority (OGRA) has sent a summary to the Ministry of Petroleum and Natural Resources in...
The lockdowns devastated consumer spending, but food and pharmaceutical companies remain resilient
Pakistan consumer companies, a handy catch-all term, is a bit of a misnomer. The trajectory of a company’s revenue and profitability depends entirely on...
Petroleum Division grants oil exploration licence to Kuwaiti firm
The Petroleum Division has granted Kirthar Pakistan BV — a subsidiary of Kuwait Foreign Petroleum Exploration Company (Kufpec) — the license for exploration of...
Opec compliance rate with output cut pledge stands at 86pc, says: IEA
Seoul: The Organization of Petroleum Exporting Countries (OPEC) has a compliance rate with their output cut pledges of about 86 percent, Fatih Birol, the...
‘Rs51bn recovered from power sector in four months’
ISLAMABAD: Power Division Minister Omer Ayub Khan said on Tuesday that recovery in the power sector has witnessed an overall increase of Rs51 billion throughout...
Czech Republic keen to promote trade ties with Pakistan
ISLAMABAD: Confederation of Industry of Czech Republic Vice President, Frantisek Chaloupecky has said that the business community of his country is interested in promoting...
Protesting dock workers announce to shift sit-in camp to D-Chowk
KARACHI: Upon the completion of 100 days of their sit-in camp, dock workers of Port Qasim on Wednesday announced to shift this protest camp...
Taking a slice of the market
In a market where global giant Pizza Hut ruled for 18 years, young and determined Tanveer Yusuf decided to grab a chunk of the...
Oil prices reach two-year peaks, after North Sea pipeline fault
LONDON: Oil prices jumped to their highest in more than two years on Tuesday after the shutdown of a North Sea pipeline knocked out...
