Govt seeking $2 billion funding from AIIB, Swiss bank for construction of dams
After the conclusion of the meeting, Water and Power Development Authority (Wapda) Chairman Lt Gen Muzammil Hussain stated the fund-raising had got a good response from the public which had donated Rs260 million so far
Attraction in tax amnesty scheme waning: Report
During July, the FBR has fetched around Rs3 billion in taxes under the tax amnesty scheme
Textile exports increase 9 percent to $13.53 billion during FY18
During June, textile sector’s exports touched $1.194 billion, declining 0.84 percent against $1.204 billion in May 2018 and decreasing 1.94 percent compared to $1.27 billion exports in June 2017
SBP to increase low cost housing finance portfolio
ISLAMABAD: The State Bank of Pakistan (SBP) has targeted in its newly formulated policy to increase housing finance portfolio of banks and...
DISCOs seek periodical adjustments in consumer-end tariff
ISLAMABAD: Power distribution companies (DISCOs) including IESCO, FESCO and LESCO has sought from the National Electric Power Regulatory Authority (NEPRA) to approve...
Dr Shamshad for improving quality of local products to decrease imports
ISLAMABAD: Caretaker Finance Minister Friday said that improving the quality of local products at par with international standards was imperative to discourage imports into...
First ‘Weaving City’ to be set up at M-3 Industrial Estate
FAISALABAD: The first 'Weaving City' will be established on 100 acres of land at M-3 Industrial Estate to help organise the power...
Oil prices rise; still set for third weekly drop on oversupply
Brent oil rose 7 cents to $72.65 a barrel by 0354 GMT, after rising to $73.04 earlier in the day.
Differences between Ogra and oil industry hampering oil storage mechanism
In 2017, Ogra had stopped over a dozen oil marketing companies (OMCs) from widening their retail outlet networks because of their failure to establish comparable storage capacity needed under government rules
Vopak acquires 29 percent stake in ETPL for $38 million
Elengy Terminal Pakistan Limited (ETPL) was incorporated in 2012 and is based in Karachi and it operates as a subsidiary of Engro Corporation Limited.
Pepco commences investigation into IESCO scam
As per the documents, the auditors during their investigation of IESCO’s records uncovered misappropriation of Rs53.9 million dues to unneeded expenditures on the construction of a duct line
World sugar exporters ask Pakistan, India & EU to cut subsidies
Global Sugar Alliance Members have identified export subsidies and domestic price supports in excess of WTO allowances and are urging our governments to take all necessary steps to ensure (that) Pakistan and India comply with WTO rules
Veon cuts management in return to traditional telecoms model
On July 2, Veon said it would sell its stake in Italian mobile network Wind Tre for 2.45 billion euros in an exit from Western Europe to pare debt and to take full ownership of its Pakistan and Bangladesh businesses
UBL issues clarification against its president being placed on ECL
KARACHI: Recently, a false impression has been created in certain sections of the media that the President and CEO of UBL has...
CCP seeks comments of stakeholders, public on road construction sector
ISLAMABAD:Â The Competition Commission of Pakistan (CCP) has conducted a detailed study to assess competition issues in the road construction sector in Pakistan,...