Two RLNG based power plants face shutdown, as outstanding dues swell to Rs30 billion
There are concerns two major power plants producing 10 percent of overall peak summer generation would shut down in a week’s time if their outstanding dues of Rs30 billion aren’t cleared
edotco bags “Asia Pacific Telecoms Tower Company of The Year” award
Karachi: edotco Group (“edotco”), an integrated telecommunications infrastructure services company, is pleased to announce that it was presented the “Asia Pacific Telecoms...
Pakistan to evaluate trade policy along modern trends
ISLAMABAD: Pakistan is to evaluate trade policy according to modern trends and Strategic Policy Framework 2015-19 would also be implemented in letter...
Govt of Sindh to initiate Doing Business Reforms across major departments
KARACHI: The Government of Sindh is implementing the Doing Business (DB) Reforms across different departments, said Sindh Board of Investment (SBI) Chairperson,...
PGPC refuses to clear duty while Customs decides to initiate proceedings: sources
ISLAMABAD: A new controversy has emerged as Pakistan Gas Port Consortium (PGPC) has so far refused to pay customs duty and withholding...
SECP to support foreign companies in expanding investment portfolios in Pakistan
ISLAMABAD: The economic growth of the country is dependent on the inflows of foreign capital from the international corporate sector and the Securities...
Bank of Punjab poses 61pc robust rise in half-yearly profits
LAHORE: A meeting of the Board of Directors of The Bank of Punjab (BOP) was held on
17 August 2018 to consider and...
Why Chinese banks are turning wary of Pakistan loans
Chinese banks have increased their commitment to Pakistani sovereign loans in recent years and policy lenders China Development Bank and the Export-Import Bank of China (Chexim) are playing a leading role in financing CPEC's construction of ports, power stations and transport links.
Tussle intensifies between PIA management, finance department
LAHORE: Pakistan International Airlines (PIA) management and its finance department seem to be at loggerheads in the aftermath of a letter written...
Sindh, Summit bank’s chiefs hope for complete merger before September
On the intervention of the Supreme Court of Pakistan, the share ratio for the merger has been fixed at 8.37 Summit Bank shares for one share of Sindh Bank
JS Group acquires 48% stake in coastal power company
ISLAMABAD: The JS Group has acquired 48% shares in Habibullah Coastal Power Company (HCPC), an independent power producer which has recently won a...
AkzoNobel Pakistan, NPPMC join hands to further power Pakistan
KARACHI: AkzoNobel Pakistan has expanded its footprint in the power sector of Pakistan by supplying protective coatings to the steel structure of...
Zalmi Foundation, UNIC Pakistan sign ‘Partnership Agreement’ to promote SDGs
ISLAMABAD: The Zalmi Foundation and the United Nations Information Centre (UNIC) in signed a ‘Partnership Agreement’ to work together towards the promotion...
40 interns conclude their Summer Internship Program with Ufone
LAHORE: Ufone’s flagship Summer Internship Program for 2018 that on-boarded 40
interns from 15 universities across Pakistan and had commenced on June 18,...
FFC Annual Report 2017 awarded 1st position by ICAP/ICMAP
ISLAMABAD: Fauji Fertiliser Company (FFC) Annual Report 2017 has been declared number one by the Institute of Chartered Accountants of Pakistan (ICAP)...