General Electric divests lighting business, kicks-off restructuring drive
BOSTON: U.S. industrial conglomerate General Electric has reached a deal to sell parts of its overseas lighting business to a company controlled...
Senate approves setting up of tribunal to challenge Nepra decisions
ISLAMABAD: A key legal change has been approved by a senate body to clip the powers wielded by National Electric Power and...
MCB Bank profits plunge 14.03pc to Rs31.01bn
LAHORE: The Board of Directors of MCB Bank Limited, met under the Chairmanship of Mian Mohammad Mansha, on February 15, 2018, to...
Meezan Bank plans capital-boosting sukuk
SYDNEY: Meezan Bank, Pakistan’s largest sharia-compliant lender, aims to raise up to Rs7 billion ($63.34 million) through capital-boosting Islamic bonds, or sukuk, according...
Aamir Ibrahim appointed VEON Group Head of Emerging Markets
LAHORE: VEON Limited (formerly VimpleCom the parent company of Jazz), announced today that Aamir Hafeez Ibrahim will replace Jon Eddy as the...
Sindh Lakhra Coal Mining Company gets exploration license
KARACHI: Sindh Chief Minister Syed Murad Ali Shah while presiding over the Sindh Coal Authority's (SCA) 30th board meeting here at the...
Overall demand for loans rose during Q2 FY18, says: SBP
LAHORE: The State Bank of Pakistan released its “Bank Lending Survey” for quarter two FY 2018 on Thursday, with feedback from 18...
Hi-Tech Lubricant gets OGRA nod to seek NOCs for setting up 26 petrol pumps
LAHORE: A bourse notification filed Thursday by Hi-Tech Lubricants Limited (HTL) announced it had received permission from Oil and Gas Regulatory Authority...
Opposition parties gang-up, call for making LNG deal with Qatar public
ISLAMABAD: Calls for making the multibillion dollar LNG deal that Pakistan made with Qatar be made public are rising as the countries...
ZTE lambasts US lawmakers security concerns, says it’s a trusted partner
BEIJING: Chinese telecoms equipment group ZTE Corp hit back on Thursday against concerns from U.S. lawmakers that it is a vehicle for...
Pakistan, Canada agree to work for enhancement of agriculture sector
ISLAMABAD: The Commerce Minister of Pakistan, Pervaiz Malik and the Canadian Minister of Agriculture and Agri-Food, Mr. Lawrence MacAulay agreed to boost...
Oil prices consolidate gains, driven up by weakening dollar
SINGAPORE: Oil prices on Thursday extended gains from the previous session, pushed up by a weak dollar and by comments from Saudi...
Hascol enters into joint operations agreement with Total Parco
LAHORE: A bourse notification filed Thursday by Hascol Petroleum revealed it had entered into a joint operations agreement with Total Parco Pakistan...
Artistic Denim Mills production doubles, as Pakistani textile exports stagnate
KARACHI: In all the hurrah of stagnating textile exports from Pakistan, one company Artistic Denim Mills is setting itself apart from its...
Asia’s surging gas demand opens opportunity for LNG projects
NUSA: Soaring gas demand from China, India and Southeast Asia is sucking up an LNG supply glut previously expected to last for...