Circular debt in power sector touches Rs573 billion
Joint secretary disclosed the government was extending a subsidy of Rs52.2 billion to Azad Jammu and Kashmir, Rs14.2 billion to the Federally Administered Tribal Areas (Fata), Rs31.4 billion to the industrial sector and was providing 650 megawatts of electricity to K-Electric
Govt finally announces Pakistan’s 1st national food security policy
The NFSP anticipates 4 percent yearly growth in food production which includes fisheries, livestock and crops
Water shortage threatens cotton sowing and production
Cotton plantation in Punjab wasn’t as severely impacted by water shortage but could only be sown at 4.39 million acres or 77 percent of the targeted area set at 5.70 million acres
Pol products output posts 12.31 percent increase during July-March FY18
The production of high-speed diesel grew 13.56 percent, diesel by 28.10 percent, while furnace oil production witnessed a growth of 6.55 percent
Merger of Bayer, Monsanto approved for world’s biggest agrochemical corporation
The US Department of Justice has reached a settlement that would allow Bayer AG's $66 billion takeover of Monsanto Co, requiring the...
Greenback closes Rs118.70 in kerb after touching Rs119
KARACHI: After Moody’s prediction of further devaluation of the Pak Rupee to Rs125 against a dollar in the current fiscal year, the...
Dewan Motors recognised for its achievements
KARACHI:Â BMW Group Middle East recently celebrated the successful completion of 2017 at the BMW Presidents Circle in Japan, a company statement said...
Azerbaijan inaugurates $40 billion European gas pipeline
Azerbaijan, on Tuesday, inaugurated part of an ambitious $40 billion pipeline complex that will create the first direct route to transport gas from one of the world's largest fields to Europe bypassing Russia.
ICCI to hold business conference in Istanbul on June 27
ISLAMABAD:Â The Islamabad Chamber of Commerce and Industry (ICCI) will organise a business opportunities conference and award ceremony in Istanbul Turkey on June...
Ali Jahangir Siddiqui in hot waters once again as NAB expands investigation
Azgard Nine Limited, JS Global, Swiss Bank Julius Baer and Securities and Exchange Commission all alleged in illegal remittances worth €23.75 million.
OGDCL – Another tale of misplaced priorities Â
ISLAMABAD: It seems that all is not well at the Oil and Gas Development Company Limited (OGDCL) as blue-eyed officers/officials have been...
Biggest international home textile exhibition to be held in Frankfurt
KARACHI:Â Heimtextil, the world biggest textile exhibition for home and contract textiles, will be held from 8 to 11 January 2019 in Frankfurt...
Financing agreements worth $400mn signed with World Bank
ISLAMABAD: Economic Affairs Division here on Tuesday signed two financing agreements worth $400 million with the World Bank Group. These include Punjab Cities Programme ($200...
Pakistan diluted proposed tobacco health warnings after Philip Morris, BAT lobbying
Instead of 85 percent, the new rule, which comes into effect on June 1, requires warnings that cover 50 percent of the pack - up from 40 percent now - rising to 60 percent in a year’s time
LCCI strongly opposes increase in POL prices
The increase in petroleum prices would increase the input cost of agriculture production as high-speed diesel is being used in tractors, tube-wells, harvesters, thrashers and other agriculture machinery