Power consumers bearing the cost as Disco losses soar to Rs213 billion
ISLAMABAD: Power distribution companies have incurred over Rs213 billion in line losses over the past year, as power consumers bear the brunt...
Rs432 billion disbursed in agri-credit sector during first half of FY 2017-18
KARACHI: Tariq Bajwa, State Bank of Pakistan Governor on Wednesday hoped the agriculture loan target of Rs1,001 billion for FY 2017-18 would...
Dollar demand remains high in open market
KARACHI: State Bank of Pakistan on Wednesday was apprised by currency dealers that demand of dollar in kerb market remains high.
In a...
Four bidders shortlisted for acquisition of SME Bank
ISLAMABAD: SME Bank Limited (SBL) has attracted four bidders interested in acquiring the bank as Privatization Commission opens the buy-side diligence of...
FBR retrieves Rs2.34b outstanding withholding tax from telecom company
KARACHI: The freezing of two telecom providers by Federal Board of Revenue has resulted in a tax recovery of Rs2.34 billion, sources...
Government jacks up petrol price by Rs2.98 per litre
ISLAMABAD: The government while passing on the partial increase to the consumers in oil prices on Wednesday passed on Rs 2.98 per litre increase...
Star-studded premieres of “Peek Freans presents Gluco Allahyar and the Legend of Markhor” held in Lahore and Karachi
KARACHI: Star-studded premieres of “Peek Freans presents Gluco Allahyar and the Legend of Markhor”, the latest animation movie by ARY Films and 3rd...
Pakistani wheat procured by overseas buyers under state export incentive programme
HAMBURG: Pakistani wheat has been sold to overseas buyers after the country started a new state export incentive programme, European traders said...
OGDCL chairman addresses annual dinner 2018
ISLAMABAD: The annual dinner for officers of Oil and Gas Development Company Limited (OGDCL) was arranged by office bearers of OGDCL Officers’ Association...
ITU Fintech Centre inks agreement with Karandaaz Pakistan
ISLAMABAD: Information Technology University (ITU) of Punjab and Karandaaz Pakistan entered into an agreement to initiate three research projects through the Fintech Centre...
ABAD to build its own low-cost housing societies in Karachi, Lahore and Islamabad
KARACHI: Association of Builders and Developers of Pakistan (ABAD) has decided to launch low-cost housing projects in Karachi, Lahore and Islamabad through which...
Dewan Cement finally strikes deal with Mega Conglomerate after roller coaster week
LAHORE: A bourse notification filed Wednesday by BMA Capital Management Limited disclosed that Mega Conglomerate (Pvt) Limited was acquiring 87.5 percent majority...
Exports of processed halal meat touch $214.5 million
ISLAMABAD: Exports of processed halal meat to Muslim countries have surged to Rs214.5 million from Rs20 million, the standing committee on Inter-Provincial...
Cabinet members condemn textile ministry for disregarding farmers
ISLAMABAD: Ministry of Textile Industry has been condemned by cabinet members for protecting interests of influential industries and disregarding cotton farmers.
The cabinet...
Dost Steels set to start commercial operations from March 2018
LAHORE: A bourse notification filed Wednesday by Dost Steels Limited announced it would be starting trial productions from 1st of February.
DSL stated,...