Additional revenue measures of up to Rs150 billion expected in upcoming mini-budget: Report
The brokerage house said the hike in interest rate by 425 basis points and rupee devaluation of 24% since December 2017 have cumulatively increased annual debt servicing requirement of government by Rs700-800 billion
Gas reserves discovered at Chhotu-1
A joint venture of Nim Block comprising of Oil and Gas Development Company Limited (OGDCL) operating 95pc stake and Government Holding Pvt Ltd (5pc...
G20 to monitor crypto-currencies, keen to regulate industry
BUENOS AIRES: The top 20 economies of the world have agreed to keep an eye on cryptocurrencies and financial policymakers are keen to regulate the...
Drug prices increased by 15pc
KARACHI: The Drug Regulatory Authority of Pakistan (DRAP) on Friday announced a price hike of 9-15 per cent across the country.
According to a notification, the...
Oil prices rebound strongly, WTI crude up more than 7%
Oil prices rebounded strongly in Asian trade Tuesday a day after falling to 18-year lows, as investors took heart from moves by policymakers to...
What is Hascol hiding?
The petroleum company is trying to erase its history. But with billions of rupees missing, auditors resigning, and law enforcement agencies taking unprecedented interest, that is proving to be a little difficult
Internet banking rises with Rs1.2 trillion worth transactions in FY2017-18
ISLAMABAD: The usage of internet banking has increased immensely among Pakistanis as the value of online transactions reached Rs1.2 trillion during the financial year...
SC orders sugar mill owners to pay dues by Friday
'If the commitment made with the court is not upheld, there will be dire consequences'
ISLAMABAD: The Supreme Court has ordered the sugar mill owners to...
Omar Ayub vows to control circular debt, reduce power tariff
ISLAMABAD: Minister for Energy Omar Ayub Khan on Wednesday reiterated Pakistan Tehreek-e-Insaf (PTI) government’s resolve to curtail power sector circular debt and provide affordable...
Nimir approves Rs2b investment for expansion of caustic soda and other plants
LAHORE: Nimir Industrial Chemicals Limited has given go-ahead to a capital investment of Rs2 billion for the expansion of its caustic soda plant, power...
Soneri Bank’s half-yearly profits increase by 20.2 pc
Soneri Bank Limited’s profits for the half-year ended on June 30, 2018, have increased by 20.2 per cent as the company reported a profit...
SSGC, SNGPL oppose OGRA’s decision to cut consumer tariff
ISLAMABAD: Gas distributors on Friday opposed the Oil and Gas Regulatory Authority’s (OGRA) decision to slash liquefied natural gas (LNG) prices for consumers.
According to the...
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...
Standard Chartered posts highest-ever profit of Rs18.5bn
KARACHI: Standard Chartered Bank (Pakistan) Limited on Wednesday announced its annual results for 2018.
The bank performed exceptionally well in the year and delivered a profit...
Govt removes FATF concerns regarding amnesty scheme, Senator Haroon Akhtar
ISLAMABAD: Special Assistant to the Prime Minister on Revenue, Senator Haroon Akhtar has said that the Financial Action Task Force (FATF) has not shown any...
