Paksitan spent $124.412m on import of agriculture machinery in FY 2017-18
ISLAMABAD:Â The import of agriculture machinery during the financial year 2017-18, witnessed about 4.77 per cent growth as the country spent $124.412 million...
SNGPL encashes Rs14b bank guarantee to avoid default: sources
ISLAMABAD:Â Sui Northern Gas Pipelines Limited (SNGPL) has encashed a Rs14 billion worth bank guarantee (standby letter of credit) to avoid a possible...
SBP develops governance framework for overseas operations of banks
LAHORE: Amid the increasing scrutiny in which financial transactions within and outside the country take place, especially with Pakistan's placement in the...
CPEC projects financed through composite financing package, says officialÂ
ISLAMABAD: Pakistan on Tuesday reiterated its commitment to implement all projects linked to China-Pakistan Economic Corridor (CPEC), stating that all state institutions support the...
Digital payments could bring $1.5 billion windfall to Karachi, says Visa study
KARACHI: Businesses, individuals, and government can stitch up savings of around $1.5 billion from the megapolis of Karachi alone if consumers adapt...
With Qatar in forefront, new wave of mega LNG projects gains momentum
LONDON: A new race to build multi-billion dollar liquefied natural gas (LNG) plants is gaining momentum after a long hiatus in investments...
Make discos more efficient, asked the incoming PTI government
ISLAMABAD:Â The incoming government of Pakistan Tehreek-e-Insaf (PTI) will have to take tough decisions in order to make power distribution companies more efficient...
Court demands Shaheen Air to immediately pay half its dues
Shaheen Air International has been asked by a court to pay at least 50 per cent of its remaining dues to the Federal Board of Revenue (FBR).
Summit–Sindh Bank merger takes another turn, share swap ratio revised again
Ahsan Raza Durrani appointed as acting president and chief executive officer/executive director as Sindh Bank-Summit Bank merger has come under scrutiny due to alleged financial irregularities.
KCCI concerned over blackmailing by shipping lines, agents, terminal operators
KARACHI: Karachi Chamber of Commerce and Industry (KCCI) President Muffasar Atta Malik, while expressing deep concern over sheer blackmailing by shipping lines, their...
IMC launches Corolla XLi with automatic transmission
ISLAMABAD: The most popular variant of Toyota’s flagship Corolla, XLi 1.3 is set to change the auto sector dynamics of the Pakistani...
Market Daily: Interest seen in select sectors, KSE-100 gains 300 points
Overall, the KSE-100 fell to day’s low of 42,453.88 with the loss of 57.17 points in early trade. It later added 349.27 points and touched intraday high of 42,854.32.
‘Lotte Chemical’ shows interest in Pakistan’s chemical manufacturing industry
Pakistan Chemical Manufacturers Association (PCMA) Monday urged the forthcoming government to include the chemical industry in its first 100 days plan and...
Pakistani companies get equal share in CPEC: report
ISLAMABAD: Since the beginning of the massive China-Pakistan Economic Corridor
(CPEC) project, there has been occasional criticism, including some complaints that projects under...
Bureaucracy still seeking reasons behind bulging circular debt
ISLAMABAD: The Senate Special Committee on Circular Debt was informed Monday that a delay in filing of tariff petitions by the power distribution companies...