Tractor production falls 35pc in 1HFY20

ISLAMABAD: The manufacturing of farm tractors in the country decreased by 35.84 per cent to 16,661 units during the first six months...
OGRA

OGRA member gas ‘delays’ bringing LPG bowsers in tax net

ISLAMABAD: Instead of brining approximately 1,500 Liquefied Petroleum Gas (LPG) bowsers in the tax net, the Oil and Gas Regulatory Authority (OGRA)’s...
El Sewedy Electric

Egyptian company investing $500m in Pakistan’s energy sector: envoy

ISLAMABAD: Egypt’s Ambassador to Pakistan Ahmed Fadel Yacoub on Sunday said Egyptian company El Sewedy Electric had expressed its intention of investing...

Regal Automobiles launches 800cc hatchback Pearl Prince

Priced at Rs1.049m, the car comes with EFI engine, power windows and steering, multimedia system and a three-year warranty
Mian Aslam Iqbal

Faisalabad Industrial Estate fetches $2bn investment: minister

LAHORE: Punjab Industries and Trade Minister Mian Aslam Iqbal said on Friday an investment of $2 billion had been made in the...
Senate

Senate committee rejects report on DISCOs’ losses

ISLAMABAD: The Senate's Sub-Committee on Power rejected on Friday the figures presented by the distribution companies (DISCOs) regarding improvement in annual losses,...

Suzuki increases prices of Cultus variants

Lahore: Pak Suzuki Motor Company Limited (PSMC) has increased prices of Cultus variants after introducing some new features. These two variants are the...

Oil falls 2pc as China virus cases surpass SARS total

NEW YORK: Oil prices fell 2 per cent on Thursday to the lowest in three months on concerns over the potential economic...
Thar coal

PPIB declares financial close of 330MW Thar coal power project

ISLAMABAD: The Private Power and Infrastructure Board (PPIB) declared on Thursday the financial closure of 330-megawatt Thar mine lignite coal-based power generation...

Pak Suzuki to observe 3 non-production days in February

KARACHI: Pak Suzuki Motor Company Limited (PSMC) has announced that it will observe three non-production days in February.  In a notification sent to...

Excelerate Energy, Engro Elengy Terminal agree to expand LNG import terminal

ISLAMABAD: Excelerate Energy L P (Excelerate) and Engro Elengy Terminal Ltd (EETL) have signed a Heads of Agreement (HOA) for the expansion...
Software industry

PRA urged to reduce sales tax on BPO services

'Software houses are currently paying 16pc tax on their services, which should be brought down to 5pc'
Leather show

Mega Leather Show: 350 stalls exhibit finished products

LAHORE: As many 250 local and international companies set up 350 stalls during the second day of 6th Pakistan Mega Leather Show...

Careem lays off over 150 employees 

KARACHI: Dubai-based ride-hailing company Careem has laid off about 150 employees to cut losses, MENAbytes reported.  The layoffs come weeks after its $3.1...
OGRA

LNG scam: Accused employees get ‘legal aid’ from OGRA

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has allegedly allowed its sitting chairperson and other accused in the LNG scandal to...