Trade at Sost resumes as army intervenes, suspends WeBOC system
Bilateral trade was suspended since 85 days following traders’ protest against WeBOC system
Local media urged to remove negative misconceptions about CPEC
ISLAMABAD: As the government has failed to remove many misconceptions about the multibillion-dollar project - the China Pakistan Economic Corridor (CPEC), the...
GE nearing deal to sell industrial engines unit to Advent: Report
Divesting the industrial gas engine business, which includes the Jenbacher and Waukesha engines, would help streamline GE’s power division, whose profit plunged 45 percent last year as sales of power plants and services fell sharply
Oil prices fall 1.5 percent on OPEC’s deal to raise output
Brent crude futures were at $74.22 per barrel at 0455 GMT, down 1.8 percent from their last close
Ittehad Chemicals ion exchange membrane plant commences operations
In December last year, Ittehad Chemicals Limited and Punjab Board of Investment and Trade had signed a memorandum of understanding (MoU) to establish a state-of-the-art facility, valued at $40 million
Power Cement to obtain €30m foreign loan for ongoing clinker expansion project
Power Cement announced it had completed the financing arrangements of Rs24.9 billion ($205 million) for the 2.5Mta expansion of its cement plant in the Nooriabad Industrial Area, Kalo Kohar District, Jamshoroo, Sindh
OCAC asks FBR to clear ambiguity regarding advanced tax on POL products
Whilst the prices of high-speed diesel were deregulated, ambiguity remains over the aforementioned section, as OCAC believes advance tax also needs to be collected from distributors, which doesn’t conform to features of the budget announced for FY19
Pakistan, the next outsourcing hub?
With India and the Philippines ratcheting up the rates, will Pakistan be able to jump on the BPO bandwagon?
Padding up the cement tycoons’ coffers
With CCP timidly looking away, the APCMA is running a cartel, setting up production quotas and extracting rapacious rates from captive consumers
OGRA raises gas prices by 300pc for domestic consumers
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has jacked up gas prices for domestic consumers by 300 per cent while 30...
Motorbike, three-wheeler sales up by 16.18pc
ISLAMABAD: The sale of motorbikes and three-wheelers in the country during first 11 months of the current fiscal year (2017-18) increased by...
China’s central bank to reduce reserve requirement
BEIJING: China’s central bank announced Sunday it would reduce the reserve requirement ratio (RRR) for most banks by 50 basis points to...
SBP unveils procedures for investment in amnesty bonds as scheme lags behind targetÂ
ISLAMABAD: The outgoing government's dream to collect three to four billion dollars through the amnesty scheme seems to have shattered as only...
Gender-based bank loans to help empower women
ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Ghazanfar Bilour has said that we are dedicated to promoting...
Rice exports record $1,889b, up by 29.15pc from last year
ISLAMABAD: An increase of 29.15 per cent in rice exports was registered during 11 months of the current fiscal year as about...