Tobacco exports surge by 34.93pc during FY 2016-17

Islamabad: The tobacco exports from the country saw sharp increase of 34.93 percent during the Fiscal Year 2017 as compared to same period last...

Micro-finance sector recorded 47.3pc growth in its portfolio till December 2016

Islamabad: The microfinance sector witnessed 47.3 percent growth in its aggregate micro-credit portfolio, which grew to Rs136.9 billion till December (2016-17) compared to the...

Iran, Turkey, Russia ink oil cooperation agreement

TEHRAN A tripartite oil partnership and investment agreement were signed in Moscow between Iran, Turkey and Russia. The three-party oil deal was sealed between Iranian company,...

K-Electric gets approval for setting up a 900MW R-LNG power plant at Bin Qasim

Karachi: In a notification sent to the bourse on Thursday, K-Electric (KEL) announced that in a board meeting held on August 9th, its Board...

PM directs power and finance ministry to formulate strategy for reducing circular debt

Islamabad: The relevant stakeholders in the power industry on Wednesday were directed by PM Shahid Khaqan Abbasi to investigation the reasons for the distribution...

Kapco shows intent to acquire 17.36pc shares of Hubco

Karachi: In a notification sent to the bourse, Kot Addu Power Company (KAPCO) has shown its intent to acquire 14.9pc (172,582,000) ordinary shares of...

PSO pondering Rs40b investment to expand market share

Karachi: According to Taurus Securities, Pakistan State Oil (PSO) the state-owned conglomerate is considering investing up to Rs40b for revamping its storage capacity, expand...

PCMA calls for joint-ventures with China in chemical sector

Lahore: Pakistan Chemical Manufacturers Association (PCMA) has urged the government to include the chemical sector in China-Pakistan Economic Corridor (CPEC). In a meeting held between...

South Korean entities vie for better economic ties with Pakistan

Lahore: The economic growth of Pakistan has impressed South-Korean companies and they are eager to establish and develop their business operations here in collaboration...

Russian company agrees to setup oil refinery in KP

Islamabad: A memorandum of understanding (MOU)  was signed between Russian consortium of investors which includes Inter-Rao Engineering and Himmash Apparat will be partnering with...

PM Abbasi calls for shift to RLNG power plants

Islamabad: Pakistan which currently produces 60pc of its electricity from furnace oil, will see it being gradually replaced by Liquefied Natural Gas (LNG) as...

Deadlock persists between PSM and NIP over land sale price

Islamabad: A meeting between Pakistan Steel Mills (PSM) and National Industrial Parks Development and Management Company (NIP) took place yesterday to resolve the deadlock...

Fertilizer dealers oppose demand of NTN by FBR

Karachi: The fertilizer industry has appreciated the recent issuance of a notification by the government. However, some objections are still being raised against a...

Domestic growers urge government to reduce cotton imports

Islamabad: Cotton growers on Wednesday urged the government for offering level playing field to local farmers in order to reduce the import of cotton...

PBIF calls for export diversification to bolster exports

Karachi: President Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain on Wednesday said Pakistan’s export base is shrinking, therefore, the government should plan...

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FBR extends deadline to file tax returns

The Federal Board of Revenue (FBR) on Friday extended the last date for submission of sales tax and federal excise duty for the tax...

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