Govt to bring new criteria for issuance of POL marketing licenses
ISLAMABAD: The government is likely to change the existing criteria for the issuance of marketing licenses of petroleum products (POL), it was learnt...
PM calls for comprehensive business plan to revive PIA
Prime Minister Imran Khan on Tuesday directed the authorities concerned to develop a comprehensive business plan to revive Pakistan International Airlines (PIA)...
CCP withdraws show cause notice against Wateen Telecom
ISLAMABAD: Setting aside an inquiry report against Wateen Telecom on Tuesday, the Competition Commission of Pakistan (CCP) also disposed of show cause notice...
JCR-VIS revises outlook on HBL’s AAA rating to ‘stable’ from ‘negative’
KARACHI: JCR-VIS Credit Rating Company Limited has reaffirmed the entity ratings of Habib Bank Limited (HBL) at ‘AAA/A-1+’ (Triple A/A-One Plus).
In line...
Pak Suzuki again jacks up car prices
KARACHI:Â The Pak Suzuki Company has once again enhanced the prices of all its models, excluding Mehran, from Rs30,000 to Rs322,000 from January...
Cement export surges 26pc in five months
ISLAMABAD:Â The export of cement from the country increased by 26.02 per cent to $131.12 million during first five months of the current...
Atlas Honda to launch new 125cc motorbike on 4th
'The motorbike will be priced between Rs140,000-145,000'
KARACHI:Â Atlas Honda Company, one of the leading bike manufacturers in Pakistan, is all set to launch...
Plunge in oil prices threatens Iraq’s postwar recovery
Brent crude oil, used to price international purchases, briefly rose above $85 a barrel in October but has since plummeted to less than $55 — a nightmare for a country like Iraq that derives 95 percent of its revenue from oil exports
Textile exporters express dismay over inordinate delay in tax refunds
ISLAMABAD: Textile exporters have expressed dismay over the inordinate delay in releasing tax refunds and demanded that the government immediately clear the...
CPHGC achieves first synchronisation with national grid
KARACHI:Â China Power Hub Generation Company (CPHGC) achieved yet another milestone when the unit 1 of the 2x660MW coal-fired power project successfully synchronized...
MCB Bank partners with Bank Al Jazira to facilitate remittancesÂ
LAHORE: MCB Bank, one of Pakistan's largest and most innovative banks, has entered into an agreement with leading Saudi financial institution, Bank...
PTCL injects Rs4bn in U Microfinance Bank
KARACHI:Â Pakistan Telecommunication Company Limited (PTCL) has signed an agreement for Rs4 billion Unsecured Subordinated Debt Facility (Tier 2 capital) with U Microfinance...
Pakistan seeks renewal of 100MW electricity import agreement with Iran
ISLAMABAD: Power Division Minister Omar Ayub Khan, while reiterating Pakistan’s commitment to further promoting its brotherly relations with Iran, has said that Pakistan...
SNGPL asked to address low gas pressure issue
ISLAMABAD:Â Petroleum and Natural Resources Minister Ghulam Sarwar Khan on Monday directed Sui Northern Gas Pipeline Limited (SNGPL) Rawalpindi Regional Manager M Zahoor...
Chinese debt burden: Facts and Fiction
According to the breakdown of Chinese investments in Pakistan, 22 early harvest projects under CPEC have been completed or are under construction, with a total investment of $18.9 billion.