Govt increases petrol price by Rs25.58
LAHORE:The federal government on Friday announced an increase in the prices of petroleum products with a Rs25.58 per litre increase in the price of...
Profit, dividend repatriation increased 28.9 percent during July-Nov 2017
KARACHI: State Bank of Pakistan on Wednesday released data pertaining to profit and dividend repatriation on foreign direct investment (FDI) which rose 28.9 percent...
Punjab government wants GST abolished on agricultural inputs in upcoming budget
Punjab government has sent a letter to the Ministry of Finance for abolishing general sales tax (GST) on agricultural inputs in the upcoming budget....
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...
Chinese funding increases coal-fired power generation in Pakistan to record high
While other countries move away from coal-fired power due its negative environmental impact, Chinese funding has increased power generated through coal in Pakistan.
According to...
Pakistan’s foreign reserves stand at $16.685bn
KARACHI: According to data released by the State Bank of Pakistan (SBP), the total liquid foreign reserves held by the country stood at US$16,685.10...
Business community resents ‘exorbitant hike’ in POL prices
--Lahore chamber fears an increase in cost of doing business; calls for reduction in petroleum taxes
--ICCI chief criticises timing of decision, says massive...
NEPRA determines tariff for 50MW wind power project
ISLAMABAD:Â The National Electric Power Regulatory Authority (NEPRA) has determined the reference generation tariff of 50MW wind power project and intimated the determination to the...
Pakistan’s agri sector to thrive under CPEC
ISLAMABAD: The recent inclusion of the agriculture sector in the long-term plan of China Pakistan Economic Corridor (CPEC) provides Pakistan with an opportunity to...
BMW, Tencent to open computing centre in China for self-driving cars
BEIJING: German automaker BMW and Chinese online gaming giant Tencent Holdings are teaming up to launch a computing centre in China that will help...
Cement sector posts huge losses in third quarter
LAHORE: Four cement companies Attock Cement, DG Khan Cement, Fauji Cement and Kohat Cement have announced their third quarter (3Q) results so far with...
PPL makes new discovery of gas reserves in Matiari
Pakistan Petroleum Limited (PPL), the second largest gas explorer said Thursday it has found new gas reserves in district Matiari, in southern province Sindh,...
SBP forex reserves decline 0.50pc to touch $13,787.9m
Karachi: Decline in foreign exchange reserves continued for the fourth consecutive week as reserves held by State Bank of Pakistan (SBP) touched $13,787.9m on...
Punjab may introduce new mechanisms to finance local govts
LAHORE: Punjab government may introduce new mechanisms to finance city district government’s projects in its last budget by introducing performance-based financing, asking them to contribute...
Pakistan’s tobacco exports surge 137pc YoY in July
ISLAMABAD: Pakistan’s tobacco exports have increased by 137.53 per cent to $2.171 million in July, the first month of fiscal year (FY) 2020-21, from...
