Comprehensive policy being formulated to improve water storage capacity says: Govt
Islamabad: The government is pursuing a comprehensive plan to increase the water storage capacity and improve underground water recharge. In a statement, the Ministry...
BOP president fails to get FPT clearance from SBP
The request for ‘Fit and Proper Test’ (FPT) clearance of Syed Muhammad Talib Rizvi for his appointment as president/CEO of the Bank of Punjab...
Shrinking German economy ‘on edge of recession’ as exports stutter
BERLIN: Slumping exports sent Germany’s economy into reverse in the second quarter, with prospects of an early recovery slim as its manufacturers' struggle at the...
Agreements worth $260m signed at 14th Build Asia Exhibition
KARACHI: The three-day '14th Build Asia Exhibition' concluded successfully in Karachi on Monday, as it facilitated the signing of agreements worth $260 million between many...
Common standards for SAARC countries on food items approved
LAHORE: South Asian Association for Regional Cooperation (SAARC) nations have approved harmonised and uniform standards for three food items.
While the final common standards draft...
Pakistan and Iran to reopen banking channels
State Bank of Pakistan (SBP) and the Central Bank of Iran (CBI) are expected to sign an agreement in the next week for formally...
Govt to pass on FCA relief to domestic, agricultural power consumers
Power Division seeks Nepra’s approval to reverse policy barring FCA benefits for domestic and agricultural consumers using up to 300 units
ePay Punjab fetches Rs1bn revenue in five months
LAHORE: ePay Punjab, the first-ever government payment aggregator for citizens’ facilitation and ease of business, has collected over Rs1 billion in tax revenues from...
Power Division to meet with CPEC investors individually to fast-track energy projects
ISLAMABAD: The Power Division has decided to engage and meet with all investors of the China Pakistan Economic Corridor (CPEC) energy projects to further...
CCP issues show cause notice to PFMA for collusive practices
KARACHI: The Competition Commission of Pakistan (CCP) has issued Show Cause Notice to Pakistan Flour Mills Association (PFMA) for prima facie violating Section 4...
Market Daily: PSX wraps up with sluggish display, ending in green
LAHORE: The Pakistan Stock Exchange (PSX) put up a confused show on Wednesday. Indices swayed in both directions but managed to close the day...
NA standing committee emphasizes for value-addition in textile sector
Islamabad: The National Assembly Standing Committee on Textile Industry on Wednesday emphasised the importance of value addition and promoting and facilitating garment exports in...
PFC terms federal budget as growth-oriented, balanced
ISLAMABAD: Pakistan Furniture Council (PFC) Chief Executive Mian Kashif Ashfaq on Wednesday termed the Federal Budget 2019-20 as balanced, growth-oriented and moderate, envisaging several pro-business...
NAB to expand investigation into Rs60 billion tax evasion by cigarette industry
The Auditor General of Pakistan (AGP) office said the cigarette industry was involved in tax evasion to the tune of Rs33 billion
Furniture council donates Rs1m to Daimer-Bhasha, Mohmand dams fund
ISLAMABAD: The Pakistan Furniture Council (PFC) Chief Executive Mian Kashif Sunday announced that PFC would contribute Rs1 million for the fund for the construction of...
