Akzo Nobel Pakistan divests Specialty Chemicals business to Akzo Nobel Chemical for Rs33.5 million
LAHORE: A bourse notification filed Wednesday by Akzo Nobel Pakistan Limited revealed its board of directors had approved divesting of its Specialty...
Oil prices decline, on back of weak Chinese, Japanese industrial data
TOKYO: Oil prices fell on Wednesday as weak Chinese and Japanese industrial data triggered concerns of an economic slowdown that could lower...
PPIB MD removal to be deliberated upon in next BOD meeting
ISLAMABAD: Private Power and Infrastructure Board (PPIB) board of directors are set to deliberate upon whether to remove the current Managing Director,...
SBP expresses inability to trace/bring back money stashed abroad by Pakistani’s
ISLAMABAD: A State Bank of Pakistan report submitted to the apex court has expressed its inability to bring back money stashed overseas...
Petrol, diesel prices expected to go up by Rs3.56 & Rs6.99 per litre
ISLAMABAD: Petrol prices are expected to be jacked up by over Rs3.56 per litre, as diesel prices will also see a hike...
Iran seeks $1.2 billion damages for shelving of IP gas pipeline
ISLAMABAD: Pakistan now faces another international arbitration case as Iran threatened to take the country to The Hague for unilaterally shelving the...
Japan provides $7.7mn to support FMD control, reduce poverty in FATA
ISLAMABAD: The government of Japan would provide an amount of $2.7 million and $5 million respectively for Food and Agriculture Organisation (FAO)...
US to assist Pakistan in establishment of Renewable Energy Institute and formulation of energy policy
ISLAMABAD: The United States will explore ways and means to assist the Power Division in the establishment of Pakistan’s First Renewable Energy...
Awais Leghari directs DISCOs to clear backlog, implement application tracking by March 15
ISLAMABAD: Federal Minister for Power Division Sardar Awais Ahmed Khan Legahri has directed distribution companies (DISCOs) CEOs to clear the backlog of...
Senate committee expresses concerns over special treatment to Chinese companies
ISLAMABAD: As the concerned ministries failed to justify the special exemption on taxes being given to Chinese companies under China Pakistan Economic...
SSGC continues operation to curb gas theft, multiple perpetrators caught
KARACHI: There has been no let-up in Sui Southern Gas Company’s (SSGC’s) drive against the menace of gas theft as it shuts...
Jazz introduces Pakistan’s first 4G enabled feature phone
KARACHI: Jazz has launched Jazz Digit 1, a 4G enabled ‘smart’ feature phone for customers across Pakistan. The launch is in line with...
India directs state-owned banks to fix operational risks, gives 15-day deadline
NEW DELHI: India’s finance ministry on Tuesday set a 15-day deadline for state banks to take pre-emptive action against operational and technical...
Dejected by local banks attitude, Faisalabad’s businessman considering establishing their own bank
FAISALABAD: Disgruntled by attitude of local banks, the business community of Faisalabad is considering setting up its own bank for provision of...
Parliamentary panel pushes resolution to clear Rs505m salaries of PSM employees
ISLAMABAD: To clear salary arrears of Rs505 million of Pakistani Steel Mills’ (PSM) employees, Senate Standing Committee on Industries has sent a...