OGRA grants license to 21 OMCs in six months
ISLAMABAD: Although the Oil and Gas Regulatory Authority (OGRA) has failed to make the licensed oil marketing companies (OMCs) comply with the clause stipulating...
MOU to be signed between China and Pakistan for $50b financing of hydro-power projects
A memorandum of understanding (MOU) of $50b is expected to be signed between China and Pakistan for the development and financing of the North...
SSGC facing 115mmcfd gas shortfall, Senate told
Committee expresses concern, says depriving Sindh, which is producing around 70pc the country's total natural gas, from its due share is not justified
ISLAMABAD:Â The Sui...
Cement exports down by 18pc in May
LAHORE: The exports of cement, after showing a positive growth for the last several months, declined 18 per cent Year on Year (YoY) to...
MCB launches state of the art digital lounge at Packages Mall, Lahore
MCB Bank, "Pakistan's Best Bank" (Euromoney & Finance Asia Awards, 2016), launched its flagship branch featuring its first State-of-the-Art Digital Lounge at Packages Mall...
Pakistan’s gas king, Iqbal Z Ahmed has been arrested in Hyderabad
An accountability court has refused to extend his bail in a case that dates back to 2013Â
HBL becomes first bank to offer credit cards through mobile app
HBL has now become the first bank in Pakistan to offer credit cards through its mobile app.
According to details shared by the bank, the...
US, European buyers keen to invest in eco-friendly Pakistani textile
FRANKFURT: Global buyers especially US and Europeans are taking keen interest in eco-friendly Pakistan’s textile industry which became evident in the Heimtextil 2020, the...
HBL president suggests export-based model for sustainable future
 ‘CPEC will ultimately create a long-term positive effect on the balance of payments’
Habib Bank Limited (HBL) President and CEO Muhammad Aurangzeb has emphasised...
Oil prices dip 2 percent as US-China trade blows over tariffs
NEW YORK: Oil prices fell about 2 percent on Friday after U.S. President Donald Trump threatened new tariffs on China, reigniting fears of a...
Furniture market provides massive opportunity to strengthen trade, economy: PFC
ISLAMABAD: Pakistan Furniture Council (PFC) has said that handmade world class Pakistani furniture market has a huge opportunity for furniture exporters across Asia if...
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...
Pakistan has 7.835mn tonnes of wheat in storage
ISLAMABAD: Pakistan currently has 7.835 million tons wheat in storage and for the next year, the rate for the purchase of wheat has been fixed at...
Sindh sets new minimum wage at Rs40,000, boosts rates for skilled workers
New wage structure effective July 1 applies to all establishments; Rs192 per hour fixed for daily wagers
Naubahar Bottling interested in acquiring 98.23% stake in Baba Farid Sugar mills
The company was founded in 1978 and is based in Lahore and is a subsidiary of Pattoki Sugar Mills Limited
