Standard Chartered declares pre-tax profit of Rs13.5bn, down 12.33pc YoY
LAHORE: Standard Chartered Pakistan announced its annual results for the year ended 31 December 2017, on Friday.
Profit before tax was Rs13.5 billion...
PPL discovers hydrocarbons in Adhi South, Rawalpindi district
LAHORE: In a notification sent to the Pakistan Stock Exchange (PSX), Pakistan Petroleum Limited (PPL) notified the bourse that the company has...
APTMA set to invest $7bn in garment sector
LAHORE: All Pakistan Textile Mills Association (APTMA) has announced the establishment of 1,000 garment manufacturing plants worth $7 billion, reported an English...
Auto assemblers move to Punjab as NIP fails to deliver
LAHORE: Auto assemblers are shifting their investments from Bin Qasim Industrial Park (BQIP) and Korangi Creek Industrial Park (KCIP) due to bureaucratic...
NBP inaugurates ‘Aitemaad’ islamic banking branch
ISLAMABAD: The National Bank of Pakistan (NBP) in its quest to promote Islamic Banking in Pakistan has inaugurated another new branch of...
Sindh Bank declares pre-tax profit of Rs2182.4mn
KARACHI: The Board of Directors of Sindh Bank in their meeting held on March 7, 2018, reviewed and approved the audited financial...
US Commercial Service to lead delegation of Pakistani companies to NPEW
KARACHI: The United States Commercial Service (USCS) will lead a delegation of Pakistani companies to the Natural Products Expo West/Engredea (NPEW), to...
PM inaugurates Nashpa Oil and Gas, LPG project with high hopes
KARAK: Prime Minister Shahid Khaqan Abbasi here Thursday arrived at Karak district and inaugurated Neshpa Oil and Gas and LPG project.
Upon arrival,...
CPEC opens new avenues of value-addition in textile garments sector: FCCI
FAISALABAD: Instead of just sticking to the export of raw or semi-finished products, the industrialisation phase of China Pakistan Economic Corridor (CPEC) has...
Adviser to PM on finance meets representatives of foreign banks
ISLAMABAD: Adviser to Prime Minister on Finance, Miftah Ismail held a meeting with senior representatives of various foreign banks based in Pakistan,...
CCP issues show cause notice to PFMA for collusive practices
KARACHI: The Competition Commission of Pakistan (CCP) has issued Show Cause Notice to Pakistan Flour Mills Association (PFMA) for prima facie violating...
$1490mn worth agreements signed for 990MW Thar coal power projects
ISLAMABAD: The implementation agreements of two Thar coal-based power generation projects totaling 990 MW were signed on Thursday at the Private Power...
ECC approves procurement of wheat, decides to facilitate sugar mills
ISLAMABAD: Economic Coordination Committee of the Cabinet has approved the procurement target of 6.1 million tons of wheat for the current fiscal...
Govt to reduce duty on solar batteries
LAHORE: The government is planning to reduce duties on lithium batteries to promote their usage in solar power plants, reported a private...
FBR attaches NTDCL accounts over non-payment of tax
LAHORE: The Federal Board of Revenue (FBR) on Wednesday, attached National Transmission and Despatch Company Limited’s (NTDCL) entire bank accounts for failing to...