Civil society lauds federal cabinet’s decision to ban sale of loose cigarettes

ISLAMABAD: The Network for Consumer Protection on Tuesday applauded the federal cabinet’s decision to ban the sale of loose cigarettes in a bid...

Petroleum prices in Pakistan still lowest in South Asia: Senate told

ISLAMABAD: Following the recent hike in petroleum prices, States and Frontier Regions Minister Abdul Qadir Baloch said petroleum prices in Pakistan are still...

Blackberry sues Facebook over messaging apps

OTTAWA: Canadian telecommunications firm BlackBerry sued Facebook on Tuesday, accusing the American social media company of infringing on its patents for messaging apps. BlackBerry...

Saudi government seeks to resolve Islamic tax dispute with banks

DUBAI: Crown Prince Mohammed bin Salman has directed the Saudi government to resolve a dispute with banks facing higher Islamic tax liabilities,...

Urea Sales touch 390,000 tonnes, down 28pc MoM

LAHORE: During February 2018, Pakistan’s Urea sales is expected to clock in 380,000 to 400,000 tonnes, up by 52 per cent Year...

NAB authorises inquiry against Azgard Nine, Agritech Limited

LAHORE: National Accountability Bureau (NAB), in a notice to the Pakistan Stock Exchange (PSX) informed that it has authorised an inquiry against owners...

Silk Bank announces Rs1135.2mn profit after tax for 2017

LAHORE: The Board of Directors of Silkbank Limited, in its meeting held on March 06, 2018, reviewed the performance of the bank and...

Exxon Mobil struggles in wake of major investment write-down

HOUSTON: Exxon Mobil Corp’s $200 million write-down last month on abandoned ventures in Russia - once its next big frontier - points...

At-Tahur Limited, Premá milk’s owner applies for listing on PSX

LAHORE:  In a notification sent to the Pakistan Stock Exchange, At-Tahur Limited owner of Premá Milk has applied for an initial public...

Govt gives go-ahead to transfer administrative control of PCCC back to MNFSR

ISLAMABAD: The government on Tuesday gave go-ahead to transfer of Pakistan Central Cotton Committee (PCCC) back to Ministry of National Food Secretary...

PARCO conducting detailed feasibility study on Khalifa coastal oil refinery project

ISLAMABAD: Pak-Arab Refinery Company (Parco) is in the process of preparing a comprehensive feasibility study on the Khalifa Coastal Oil Refinery project, which...

Oil prices fall, as key advocate of free trade in U.S government resigns

SINGAPORE: Oil prices fell on Wednesday, pulled down by weaker share markets after a key advocate for free trade in the U.S....

CCP to initiate legal action against PFMA for indulging in cartelization of wheat

ISLAMABAD: Competition Commission of Pakistan (CCP) has decided to initiate legal action against Pakistan Flour Mills Association for indulging in cartelization and...

Dawood Hercules selling its shareholding in Hubco to acquire 45 percent stake in Edotco Pakistan

KARACHI: Dawood Hercules Corporation Limited (DHCL) is selling its 14.91 percent stake in Hubco and is planning to use its proceeds to...

NBP admits opening account of absconder, proclaimed offender Ishaq Dar

ISLAMABAD: National Bank of Pakistan (NBP) has opened a bank account of an absconder and proclaimed offender, former finance minister Ishaq Dar,...