Govt institutions evaluate possibilities to bring looted money from abroad
ISLAMABAD: As the finance minister-in-waiting Asad Umar has announced to establish a task force for bringing back looted money from abroad, the...
Summit Bank to be merged with Sindh Bank by August 31
KARACHI: The board meeting of the Summit Bank has finally decided to merge with the Sindh Bank after a final meeting with...
India’s Cosmos Bank loses $13.5mn in cyber attack
MUMBAI: Cybercriminals hacked the systems of India’s Cosmos Bank and syphoned off nearly Rs944 million ($13.5 million) through simultaneous withdrawals across 28...
Health ministry launches crackdown against violators of PHW on cigarette packs
ISLAMABAD: Taking a strong exception to the availability of cigarette packets with no Pictorial Health Warning (PHW) or having PHW less than...
PLL’s inefficiency in managing imports causes Rs1.50bn in losses to economy
ISLAMABAD: An almost 50 per cent reduction in LNG imports has caused a loss of approximately Rs1.50 billion in three months (May, July and...
Oil edges up as China, U.S. set for trade talks
International Brent crude oil futures were at $70.93 per barrel at 0335 GMT, up 17 cents, or 0.26 percent, from their last close
Wapda to raise Hub Dam storage capacity, as country’s water needs increase
During the meeting, it was unanimously decided to raise the Hub Dam’s lost storage capacity of around 49,000-acre-feet of water by removing sediment deposits in the reservoir
JS Group to acquire 48 percent share in Habib Coastal Power
A senior government official said JS Group would also be a beneficiary of Rs6 billion damages owed to HCPC by Sui Southern Gas Company (SSGC) on account of an international arbitration case won by the former,
Fund dedicated to Diamer-Bhasha, Mohmand dam receives lukewarm response from overseas Pakistani’s
According to the latest update issued by the State Bank of Pakistan (SBP) on Wednesday, total collection from within Pakistan was recorded at Rs854.8 million
Market Daily: PSX puts up weak show as KSE-100 closes in red
LAHORE: The Pakistan Stock Exchange (PSX) trailed regional and world markets and put up a weak show on Wednesday. A plunge in...
PIA’s 10-year financial documents summoned by Auditor General for review
ISLAMABAD: Pakistan International Airlines (PIA) has been asked to submit its financial documents for the last ten years for review by the...
Sindh energy dept resolves to address investor concerns on wind energy projects
KARACHI:Â The Sindh government has held out the firm assurance that it could do its best to resolve, in the shortest possible time,...
SBP reiterates commitment as custodian of Pakistan’s financial system: SBP Governor
KARACHI: The State Bank of Pakistan (SBP) celebrated the Independence Day anniversary of Pakistan on August 14 at the SBP headquarters in Karachi. SBP...
New govt tasked with saving economy from major crisis Â
BEIJING: The new Pakistani government has a major agenda of bringing the economy back on track. Imran Khan, whose political party emerged...
Pakistan’s PSO awards first fuel oil import tender in two months: sources
PSO still has outstanding tenders to import up to 585,000 tonnes of HSFO in September and again in October, but one trade source that has previously supplied PSO with fuel oil said he expected weak demand to keep the company’s actual import volume limited over the coming months