Abraaj nears deal to offload its 66pc stake in K-Electric to Chinese group
Private equity firm Abraaj is close to reaching agreement with the Pakistan government to sell its 66 per cent stake in Karachi-based electricity company,...
Abolishing FTR will discourage construction industry: ABAD
The Association of Builders and Developers of Pakistan (ABAD) has expressed concerned over the reported move of the Federal Bureau of Revenue (FBR) to...
Govt intends to run PSM on public-private partnership mode, NA told
ISLAMABAD:
The National Assembly’s Standing Committee on
Industries and Production was informed on Monday that the government intended
to operate Pakistan Still Mills (PSM) on a...
Govt to spend Rs37.97m for appraisal of Badin’s coal deposits
Islamabad: The government will spend Rs37.977 million more for appraisal of huge coal reserves confirmed by the Geological Survey of Pakistan (GSP) in the...
Hyundai Nishat set to unveil two vehicles on Saturday
Hyundai-Nishat Motors is considering starting its operations with the sale of fully loaded sports utility vehicle (SUV)-Santa Fe & the second variant to be unveiled includes Grand Starex, a 12-seat light commercial vehicle (LCV) for commuting purposes
Agri credit outreach grows 8pc to 4m farmers
ISLAMABAD: The agricultural credit outreach in the country during the financial year 2018-19 (FY19) recorded a growth of about 8pc, as 4.01 million farmers...
Pakistan signs two MoUs with China for gas pipeline, oil refinery
SANYA: Prime Minister of Pakistan Shahid Khaqan Abbasi and PowerChina Limited's Vice President Li Yanming, on Monday witnessed the signing of a Memorandum of...
Budget FY21: Businessmen seek relief measures to keep industry afloat
LAHORE: As the PM's finance adviser has indicated presenting a "tough budget" for the next fiscal year (FY21) amid coronavirus outbreak, the country's leading...
NBP president resolves to increase bank’s share price from Rs41 to Rs100
Arif Usmani, the newly-appointed President of the National Bank of Pakistan, has expressed his resolve to increase the bank's share price from Rs41 to...
Oil prices stable, but remain below three-year highs
SINGAPORE: Oil prices were stable on Wednesday but were below the more than three-year highs reached the previous session as rising U.S. fuel inventories...
Rs128 million fraud in IESCO uncovered by auditors
IESCO is accused of having made excessive and incorrect payments to contractors and auditors have recommended them to be recovered
Govt gives security clearance to K-Electric deal
ISLAMABAD: A major hurdle in the way of K-Electric’s sale to Shanghai Electric Power has been removed as the government on Friday gave a...
Moot discusses practical measures to uplift tourism sector
Experts stress need for professional services, availability of guides and provision of security infrastructure to facilitate foreign tourists
ISLAMABAD:Â One of the panel discussions...
TDAP supporting business sector to improve quality of products
LAHORE: Trade Development Authority of Pakistan (TDAP) is endeavoring to support and assist the business sector to help improve the quality and value of...
Government initiates inquiry against oil companies
ISLAMABAD: The federal government has initiated an inquiry against Oil Marketing Companies (OMCs) that will ascertain their alleged involvement in the current oil supply...
