Govt mulling to impose regulatory duty on unregistered mobile phones
It has been projected the imports of illegal phones in the country cause roughly $1.5 billion in revenue losses to the public exchequer on a yearly basis
Atlas Autos to invest $20m in DID assembly plant
With the new DID assembly plant, Honda bikes will further be localized and will help in reducing the country’s mounting import bill
Rs143 billlion losses incurred by four power distribution companies
During FY17 and FY18, they posted a cumulative loss of Rs143 billion, out of which Rs75.6 loss was recorded in FY17 and Rs67.47 billion in FY18
King Long Automotive to setup assembly plant in Lahore for producing buses
The official said the project is projected to rope in an investment of around $200 million
HBL reinventing itself under new president
The HBL CEO aims to transform it into an IT company with a banking license
BankIslami becomes victim of $6.5 million cyber-attack
Transactions of approximately $6 million as claimed by the international payment scheme have been denied by the bank.
Big brands pledge to turn tide on global plastic waste
UNEP has estimated that if current pollution rates continue, there will be more plastic in the sea than fish by 2050, as 8 million tonnes of bottles and waste swamp the oceans each year, killing marine life and entering the food chain
Trump’s Iran sanctions resolve faces test from oil-thirsty China, India
With just days to go before renewed sanctions take effect Nov. 5, the reality is setting in: three of Iran’s top five customers – India, China, and Turkey - are resisting Washington’s call to end purchases outright
PSO profits decline 19% to Rs4,181m in 1st quarter FY19
PSO posted a gross profit of Rs10.91 billion in the first quarter of FY19, gross margins were recorded at 3.89% in the first quarter of FY19 against 3.55% in prior year
Oil dips as markets remain cautious on trade concerns
Front-month Brent crude oil futures were at $77.56 a barrel at 0430 GMT, 6 cents below their last close
Balochistan not cooperating over finalization of Rs86b discount in electricity bills
The power division in writing informed the ECC that the Balochistan government had not offered any comments despite constant reminders
Comprehensive design for Pakistan’s first 765kV high-voltage transmission line to be ready by December
The high-voltage transmission line owned by the National Transmission and Dispatch Company (NTDC), will provide evacuation of electricity from the Dasu hydropower project and added to the national grid and supply to consumers via 132kV and 11kV distribution systems of the power distribution companies
Pakistan signs Expo 2020 participation contract with UAE
ISLAMABAD: Pakistan Sunday formally signed a participation contract with the EXPO-2020 authorities at the Ministry of Foreign Affairs and International Cooperation, Abu...
SBP issues directives to banks over breach of payment cards
KARACHI: As a result of the security breach of payment cards and their unauthorized use on different delivery channels i.e. at ATMs...
Exponential growth shows broadband subscribers crossing 62 million mark
ISLAMABAD: The number of broadband users including 3G and 4G in the country has crossed 62 million by end of September 2018,...