Circular debt: Govt planning to clear power sector arrears yet again
ISLAMABAD: Another effort is afoot by the federal government to clear power sector’s circular debt which has soared to Rs525 billion due...
Two LNG supply bids of $7 billion to open on Thursday
by AHMAD AHMADANI
Pakistan LNG Limited (PLL) is set to name two financial bids worth over $ 7 billion today to the successful...
Inclusion of auto sector in FTAs would damage sector: PAAPAM
LAHORE: The government's suggestion to include auto-sector in Free Trade Agreements (FTAs) with Thailand, Turkey and other countries has met stiff resistance...
ECC allows 300,000 tons of urea export
The Economic Coordination Committee (ECC) of the Cabinet on Monday endorsed continuing the fertilizer subsidy scheme and approved export of 300,000 tons...
Power Division posts record increase in revenue
--Statistics indicate efforts against power theft are finally bearing fruit
ISLAMABAD: In the first month of the new fiscal year i.e. July 2019,...
CPEC major driver of FDI in Pakistan
ISLAMABAD: The multi-billion-dollar China-Pakistan Economic Corridor (CPEC) is an open initiative that welcomes private-sector players from China, Pakistan and third countries to...
Pakistan needs to build mega dams to enhance water storage capacity
Wapda Chief recommended handing over operational control of the Kalabagh dam to Sindh to ensure its reservations were addressed about its share in water consumption
Pakistan Refinery Limited appoints Zahid Mir as CEO
--Mir had resigned as the MD and CEO of OGDCL on Monday owing to a NAB inquiry against him
Pakistan Refinery Limited (PRL)...
Rana Afzal Khan assures businessmen inclusion of their suggestions in budget
ISLAMABAD: Minister of State for Finance Rana Muhammad Afzal Khan has said that the proposals submitted by the business community would be...
Pakistan’s foreign reserves decline by $300mn
The liquid foreign exchange reserves of the country declined by $300 million to $16.069 billion by the week ended September 7, 2018,...
Top banks reassure complete safety to their customers
KARACHI:Â In light of the recent news with regard to cyber-attacks, the top banks of Pakistan have reassured complete safety of their valuable...
Volkswagen gears up to launch two new vehicles in Pakistan
Volkswagen Commercial Vehicles is in its final round of talks with Premier Systems Private Limited – the authorised importer of Audi vehicles...
New govt to go-ahead with plan of breaking-up gas utilities
This plan was put forth before the Prime Minister Imran Khan by the Ministry of Energy (Petroleum Division) in a meeting on Tuesday
Pakistan’s banking sector advances in 2017 grew 17 percent
KARACHI: A Topline Security report has revealed Pakistan’s banking sector advances during 2017 rose 17 percent to reach Rs6.53 trillion.
According to the...
Master Motors approaches MoIP, seeking assistance for PTM approval from PSM: Report
The letter stated the company needs to provide the land mortgage documents in favour of Faysal Bank against the financing sought as security