SBP inks agreement on BPA with Irani bank
An agreement on Banking and Payment Arrangement (BPA) has been signed between State Bank of Pakistan (SBP) and Bank Markazi Jomhouri Islami...
ECC asks Petroleum Division to submit comprehensive report on LNG terminal
ECC was told that contractual obligations of EETPL up to provide an annual average of 600 million cubic feet per day (mmcfd) of LNG and contractual quantity for the first year was 1.5 million tons per annum or an annual average of 200 mmcfd
Lucky Cement records 6.8pc fall in profits for 1st quarter
KARACHI: Lucky Cement Limited reported a net profit of Rs 3.02 billion for the first quarter ended September 30, 2017, which is...
Pakistan’s exports to Spain rose 5.43pc for FY 2016-17
Islamabad: The GSP+ plus facility which was introduced to boost Pakistani exports to the European Union (EU), seems to have paid dividends,...
Increasing global market reach vital part of trade policy, says Razak Dawood
ISLAMABAD: Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood on Wednesday urged exporters to increase market reach across...
Market Daily: Interest seen in select sectors, KSE-100 gains 300 points
Overall, the KSE-100 fell to day’s low of 42,453.88 with the loss of 57.17 points in early trade. It later added 349.27 points and touched intraday high of 42,854.32.
Oil refineries “frozen”, as government’s ill-planning causes headaches
KARACHI: Unabating operational crisis being faced by oil refineries across the country sees no end, as governments inefficiency, ill-planning and recent poor...
NEPRA defers decision to increase power tariff
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Tuesday deferred its decision to increase electricity price for the month of November...
PSO demands Rs 80 bn to ensure zero power outages during, Sehr, Iftar of Ramadan
Pakistan State Oil (PSO) has asked the government to immediately release Rs 80 billion to ensure zero electricity load shedding in rural...
Total broadband subscribers in Pakistan cross 44.32m
Islamabad: The total broadband subscribers including 3G and 4G services have crossed 44.32 million in the country, registering a reasonable growth rate...
SBP signs memorandum of understanding with Nepal Rastra Bank
The memorandum of agreement signed on Thursday will enhance bilateral relationship and sharing of information to accomplish convergence towards common modalities and...
CCE decides to hold wrongdoers in power sector accountable
ISLAMABAD: The Cabinet Committee on Energy (CCE) on Monday decided to hold wrongdoers in the power sector accountable for their deeds.
Sources told this...
Govt likely to drop Muzaffargarh, RYK power plants from CPEC
The government is likely to exclude 1,320 MW each Rahim yaar khan coal power plant and Muzaffargarh power plants from the China-Pakistan...
Bags carry Hermes to record sales in 2018
Hermes saw its strongest growth in China and South Asian countries with a 14pc increase when measured in constant exchange rates
PARIS: French...
HUBCO offers upto 40 pc TEL stakes to FFC & CMEC
The Hub Power Company (HUBCO) has informed in a notice sent to the Pakistan Stock Exchange (PSX) that the company has decided...