ECC, cabinet decisions led to hike in sugar prices: Abbasi
ISLAMABAD:Â Former prime minister Shahid Khaqan Abbasi on Saturday said that the decisions taken by the Economic Coordination Committee (ECC) and federal cabinet led to...
Sazgar showcases Pakistan’s first EV three-wheeler
LAHORE: In an important development for Pakistan, the Sazgar Engineering Works Limited showcased the model of three-wheeler electric vehicle (EV) in Lahore on Friday...
Pakistan, Spain trade stands at $1b, has room for further economic cooperation: envoy
FAISALABAD:Â The Ambassador of Spain to Pakistan, Carlos Morales has said that bilateral trade between Pakistan and Spain is hovering around one billion dollars and...
Standard Chartered Bank’s profits plummet Rs1.5b for Q3
KARACHI: Standard Chartered Bank (Pakistan) Limited on Thursday posted its profit before tax of Rs 10.6 billion in first nine months of 2017 compared...
Chinese investments in OBOR energy projects fell 28 percent in 2017: Report
LAHORE: Data outed by Boston University’s Global Development Policy Center revealed Chinese investments in One Belt, One Road (OBOR) energy projects fell 28 percent...
Chinese company seeks generation licence for 700 MW coal power plant
Datang Pakistan Karachi Power Generation (Pvt) Limited (DPKPG) a subsidiary of China Datang Corporation has submitted an application to National Electric Power Regulator Authority...
Incumbent regime allegedly all out to ensure sale of K-Electric
The incumbent government is allegedly all out to ensure the sale of Abraaj Group’s shares in K-Electric to Shanghai Electric Power.
Oil retreats on US output rise after hitting near 2-year high
NEW YORK: Oil prices fell on Friday, dropping from highs last seen in 2015, as soaring US production undermined a 10 per cent rally...
PTCL announces collaboration with iflix
Pakistan Telecommunication Company Limited (PTCL), the country’s leading ICT services provider, has announced its collaboration with ‘iflix’, the world leading Subscription Video-on-Demand (SVoD) service...
ABAD sends budget proposals 2018-19 to government
KARACHI: A fixed tax regime is the best way to generate more taxes in a transparent way. It will also improve Pakistan's international rankings in the...
Market Daily: Indices in red as political uncertainty prevails
LAHORE: To add to the economic uncertainty came political trouble. As protestors march towards the Federal Capital Islamabad, investors sell at the business hub...
BMW, Daimler to invest $1.1bn in joint carsharing scheme
BERLIN:Â German auto giants BMW and Daimler said Friday they would invest one billion euros ($1.1 billion) in combining and extending their carsharing schemes DriveNow...
Punjab govt spent hefty amount for increasing yields: DC
SIALKOT: Sialkot Deputy Commissioner Dr Farrukh Naveed said on Wednesday the Punjab government had spent billions of rupees under various schemes to provide guidance,...
Summit Bank running its day to day operations well, clarifies SBP
KARACHI: The State Bank of Pakistan (SBP) on Wednesday clarified that National Institutional Facilitation Technologies (NIFT), which provides clearing services for banks, has not...
Govt encourages adoption of smart agriculture policies
The government is focusing on adopting smart agricultural policies but climate change remains a big hurdle, Minister for National Food Security and Research Sikandar...
