No write-off, remissions allowed for loans from Zari Taraqiati Bank: MoF
Finance Minister Dr Shamshad AKhtar Thursday said that the Zari Taraqiati Bank Limited (ZTBL) had not filed a single criminal case against any defaulter in Balochistan.
Election 2018: Political parties release specific plans for CPEC
ISLAMABAD: With the General Election 2018 around the corner, almost all major political parties have come up with their respective election manifestos...
SECP approves PICIC Investment, Growth Fund conversion into open-end funds
KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has approved the conversion of PICIC Investment Fund and PICIC Growth Fund being...
Pakistani banks urged to comply with EU’s GDPR rules, ensure cyber safety
KARACHI: Pakistani banks need to operate in compliance with the European Union's (EU) new personal data protection rules, as ignorance may lead...
SBP tightens access to foreign exchange as dollar reserves drop
Pakistan’s central bank has increased the amount of red tape needed to access dollars
US soon to leapfrog Saudis, Russia as top oil producer
The United States led the world in oil production for much of the 20th century, but the Soviet Union surpassed America in 1974, and Saudi Arabia did the same in 1976, according to Energy Department figures
Brent oil gains $1 to claw back some losses
Brent crude rose $1.31, or 1.8 percent, to $74.71 by 0242 GMT after slumping 6.9 percent on Wednesday
Ogra awards $370 million oil pipeline contract to FOC
In violation of the rules laid down by ECC which clearly state any oil pipeline project has to ratified by the federal cabinet, OGRA awarded the licence to Frontier Oil Company
Neelum Jhelum project’s power intake system completed
ISLAMABAD: The Power intake system of Neelum Jhelum Hydropower Project at dam site has been completed with the operationalisation of the third...
CPEC ‘green’ projects a torch bearer for region
ISLAMABAD: A “green” CPEC is the need of the hour and it can become the torch bearer for China’s promise of a...
Massive overhaul required for prevailing flood forecasting mechanism
LAHORE: Pakistan was not able to acquire the monsoon monitoring capability following the lack of required skilled manpower and modern forecasting equipment...
IMC bags gold medal in Asia Pacific skill contest
KARACHI: Team of Indus Motor Company (IMC) wins 4 medals, at “Asia Pacific Skill Contest 2018” in Thailand, defeating India, among other...
Widening twin deficits overshadow performance of real economy: SBP
KARACHI: Real Gross Domestic Product (GDP) maintained its upward trajectory, exhibiting a 13-year high growth of 5.8 per cent in FY18. Benign...
Rs577b foreign assets, Rs1,192b domestic assets filed under amnesty scheme: Finance ministry
Unprecedented response witnessed to the Amnesty Scheme, claims ministry
Car sales up by 21pc in July-June 2017-18
KARACHI: Total car sales have gone up by 21 per cent in the last fiscal year with 216,786 units sold as compared...