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...
Govt terminates ADB sponsored AMI meter scheme
ISLAMABAD: Pakistan has refused to go-ahead with Asian Development Bank supported $5 billion drive of installing Advanced Metering Infrastructure (AMI) meters across...
Limiting Iranian fruit imports spooks up domestic exporters
KARACHI: Pakistan’s decision to limit fruit imports from Iran has spooked domestic exporters that neighbouring nations would respond back by enacting similar...
SBP issues Shariah compliant long-term financing facility for exporters
KARACHI: In order to provide a Shariah-compliant alternative of conventional Long Term Financing Facility (LTFF) to meet the long-awaited demand of exporters,...
NA committee recommends tax exemption for ZTBL farmers
ISLAMABAD:Â The National Assembly Standing Committee on Finance, Revenue and Economic Affairs has recommended income tax exemption to Zarai Taraqiati Bank Limited (ZTBL)...
Meezan Bank profits rise 13.5 percent for FY 2017
LAHORE: In a bourse notification filed Wednesday, Meezan Bank Ltd announced its financial results for the year ended December 2017, posting profit...
Bank valuations not to be impacted by apex court decision
LAHORE: The decision on Tuesday by the Supreme Court to increase minimum rate of pension to Rs8,000 per month for banks won’t...
Govt gives go-ahead for IGA with Italy, Oman for LNG import
ISLAMABAD: The government on Tuesday gave go-ahead to inking of inter-governmental agreements (IGAs) with Italy and Oman for import of liquefied natural...
Opposition assails govt’s in handout of agriculture loans to Punjab
ISLAMABAD: The government was assailed by the opposition on Tuesday in the National Assembly for its alleged favourable treatment in distribution of...
CPPA-G conversion to independent power operator to be decided in March
ISLAMABAD:Â Process for conversion of Central Power Purchasing Agency-Guarantee (CPPA-G) from its current role of billing and financial agent of distribution companies to...
Cabinet rebuffs request to reverse farmer-friendly payment policy
ISLAMABAD: A request to reverse the step of timely payments to sugarcane growers and avoid exploitation by millers has been rejected by...
Branchless banking transactions fall 2.47 percent in July-Sep
KARACHI: Figures released by State Bank of Pakistan (SBP) for branchless banking transactions during July-September quarter of FY 2017-18 had fallen 1.47...
Rice business has the potential to become an industry in Pakistan: Matco director
KARACHI:Â Matco Foods Limited Finance Director Faizan Ghori, on Tuesday, said that rice which comes second in the list of most exported item...
Senate committee recognises telecom sector‘s contribution
ISLAMABAD:Â The Senate Standing Committee for Information Technology and Telecommunication has recently recognised the contribution of the telecom sector and appreciated the investment...
Progas shareholders ordered to deposit $553,000 security payment for case revival
LONDON: A British Court on Friday ordered shareholders of defunct liquefied natural gas company Progas Pakistan to submit a $553,000 security payment...