Economic affairs secretary leads delegation at ADB board’s annual meeting
MANILA: The governors of the Asian Development Bank (ADB) have supported the idea of applying differentiated pricing in the bank’s regular OCR...
OGDCL injects 17 new oil, gas wells in production gathering system
ISLAMABAD: The Oil and Gas Development Company (OGDCL) has injected 17 new oil and gas wells, producing 359,267 barrels of crude oil and...
Cement industry capacity utilisation touches 95 per cent
According to data released by All Pakistan Cement Manufacturers Association (APCMA), the industry despatched 4.237 million tonnes of cement in April 2018 that was 17.46 per cent higher than the despatches of 3.576 million tonnes achieved during the corresponding month of last fiscal.
Oracle Power concentrates on formalising deals with Chinese partners for Thar project
Oracle Power PLC said it is focusing on formalising deals with its Chinese partners this year to advance its Thar coal-fire power plant in Pakistan after making progress on the project in 2017.
US military bans Huawei, ZTE phones
Personnel on US military bases can no longer buy phones and other gear manufactured by Chinese firms Huawei and ZTE after the Pentagon said the devices pose an “unacceptable” security risk.
PTA approves investment in telecom tower-sharing services company
Pakistan Telecommunication Authority (PTA) has approved edotco Pakistan's change of shareholding by way of subscription by Dawood Hercules Corporation Limited (DH Corp) of 45 per cent of the share capital of edotco Pakistan.
SBP injects Rs1,070 billion into money market
KARACHI: The State Bank of Pakistan (SBP) on Friday injected Rs1,070 billion into money market for seven days as reverse repo purchase through its...
Govt allocates Rs100bn for Diamer-Basha, Dasu dams
ISLAMABAD: State Minister for Finance Rana Muhammad Afzal Khan on Friday informed the Senate that an amount of Rs100 billion has been...
CCP fines five battery manufacturers Rs1m each
ISLAMABAD: The Competition Commission of Pakistan (CCP) has imposed a penalty of Rs1 million each on five battery manufacturers for violating section...
Pakistan moves to tax US advertising space on digital giants Google, Facebook
ISLAMABAD: Pakistan has proposed 5% tax on digital revenues, hitting US tech giants like Google, Amazon and Facebook, while also moving to bring...
‘First right to purchase’ property unlikely to find takers
ISLAMABAD: Prime Minister Shahid Khaqan Abbasi’s pet scheme to acquire the ‘first right to buy’ a property in a bid to discourage tax...
Rs100b allocated for Diamer-Bhasha, Dasu dams: Rana Afzal
ISLAMABAD: State Minister for Finance Rana Muhammad Afzal Khan on Friday informed the Senate that Rs100 billion had been allocated in the...
Public-private partnership critical for bilateral growth with China
ISLAMABAD: Senate Deputy Chairman Senator Saleem Mandviwalla has said that Chinese investors should benefit from the investment potential in Pakistan and explore the...
Govt urged to focus on youth for sustainable economic growth: ICCI
ISLAMABAD: Islamabad Chamber of Commerce and Industry's (ICCIs) President Sheikh Amir Waheed has called upon the government to focus on the development of...
Energy sector’s circular debt soars to Rs500 bn, govt to pay off Rs100 bn
KARACHI: Rising on a yearly basis, circular debt is especially prevalent in the oil and gas sector of the country. At present,...