NAB authorises inquiry against Azgard Nine, Agritech Limited
LAHORE: National Accountability Bureau (NAB), in a notice to the Pakistan Stock Exchange (PSX) informed that it has authorised an inquiry against owners...
Silk Bank announces Rs1135.2mn profit after tax for 2017
LAHORE:Â The Board of Directors of Silkbank Limited, in its meeting held on March 06, 2018, reviewed the performance of the bank and...
Exxon Mobil struggles in wake of major investment write-down
HOUSTON: Exxon Mobil Corp’s $200 million write-down last month on abandoned ventures in Russia - once its next big frontier - points...
At-Tahur Limited, Premá milk’s owner applies for listing on PSX
LAHORE:  In a notification sent to the Pakistan Stock Exchange, At-Tahur Limited owner of Premá Milk has applied for an initial public...
Govt gives go-ahead to transfer administrative control of PCCC back to MNFSR
ISLAMABAD: The government on Tuesday gave go-ahead to transfer of Pakistan Central Cotton Committee (PCCC) back to Ministry of National Food Secretary...
PARCO conducting detailed feasibility study on Khalifa coastal oil refinery project
ISLAMABAD:Â Pak-Arab Refinery Company (Parco) is in the process of preparing a comprehensive feasibility study on the Khalifa Coastal Oil Refinery project, which...
Oil prices fall, as key advocate of free trade in U.S government resigns
SINGAPORE: Oil prices fell on Wednesday, pulled down by weaker share markets after a key advocate for free trade in the U.S....
CCP to initiate legal action against PFMA for indulging in cartelization of wheat
ISLAMABAD: Competition Commission of Pakistan (CCP) has decided to initiate legal action against Pakistan Flour Mills Association for indulging in cartelization and...
Dawood Hercules selling its shareholding in Hubco to acquire 45 percent stake in Edotco Pakistan
KARACHI: Dawood Hercules Corporation Limited (DHCL) is selling its 14.91 percent stake in Hubco and is planning to use its proceeds to...
NBP admits opening account of absconder, proclaimed offender Ishaq Dar
ISLAMABAD: National Bank of Pakistan (NBP) has opened a bank account of an absconder and proclaimed offender, former finance minister Ishaq Dar,...
Lack of financing hurting SME growth: SBPÂ
KARACHI: The decline in the availability of credit has "significantly hampered" the growth of small and medium enterprises (SMEs) during the last...
Market Daily: Cements take the lead again
LAHORE: The KSE 100 index wiped out Monday’s gains with a -0.28 per cent drop here on Tuesday. As expected, materials performed...
OGRA to recover stolen Rs18bn from consumers
LAHORE: The Oil and Gas Regulatory Authority (OGRA) is looking to burden gas consumers with payments amounting to Rs18 billion to cover...
Government reimposes electricity surcharge, as circular debt soars
LAHORE: The government has imposed a surcharge on electricity consumers to pay off liabilities owed to power producers and to finance the...
Govt to reduce LNG supply amidst falling demand
LAHORE: The government on Monday directed scaling down of Liquefied Natural Gas (LNG) from both specialised import terminals due to falling fuel...