Oil prices decline for third straight session, touch $68.33 per barrel
SINGAPORE: Oil prices fell for a third day on Wednesday after data from an industry body showed crude stocks rose more than...
Law ministry, sugar millers gang up to get farmer-friendly policy revoked: Report
ISLAMABAD: A farmer-friendly policy passed by the Pakistan People’s Party government may be reverted in a scheduled meeting of the federal cabinet...
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...
Petroleum prices may skyrocket to three-year highs
ISLAMABAD: Oil prices of various POL products are set to rally to their highest point since November 2014, with diesel expected to...
SBP introduces annual foreign investment survey to log investment position details
KARACHI: State Bank of Pakistan on Tuesday introduced an annual foreign investment survey to obtain information for recording Pakistan’s balance of payments...
Government to privatise SME Bank, Mari Petroleum, PSM and PIA
ISLAMABAD: While the opposition parties like Pakistan Peoples Party (PPP), Pakistan Tehrik-e-Insaf (PTI) and others are concerned about government’s move of privatising Pakistan...
DISCOs incurring losses amounting to billions of rupees
LAHORE: PEPCO held a detailed review of the performance of all Distribution Companies during the month of December 2017. The progress of implementation...
Etisalat to pay longstanding $800mn to government
ISLAMABAD:Â Etisalat, holding the company of Pakistan Telecommunication Company Limited (PTCL), which is defaulting $800 million to the government, has finally agreed to...
Government committed to protecting, promoting local industry: Haroon
ISLAMABAD:Â Special Assistant to Prime Minister on Revenue Federal Minister Haroon Akhtar Khan has said that the government is committed to protecting and...
FFC annual results reflect corporate professionalism
ISLAMABAD:Â Keeping up to the reputation of professionalism and dedication of its workforce and the foresight of the management, Fauji Fertilizer Company (FFC)...
OICCI urges government to make consistent policies to attract foreign investment
ISLAMABAD: The Overseas Investors Chamber of Commerce and Industry (OICCI) on Monday said that there would be no load shedding incoming summer...
Government releases Rs 357.507 billion under PSDP
ISLAMABAD:Â The federal government which announced over a trillion rupees worth development budget last year, has only released Rs 357.507 billion under its...
Only 256 MW added to national grid against allotment of over 41,000 acres land in Sindh
By Aftab Channa
KARACHI:Â In what seems a lethargic attitude of the provincial, as well as the private authorities towards the development of the...
NA body suggests global connectivity for increasing exports
ISLAMABAD:Â National Assembly Sub Standing Committee on Commerce and Textile, on Monday, proposed to increase global trade links and connectivity in order to...
Faysal Bank set to open 100 branches in Pakistan during 2018
DUBAI: Bahrain-based Ithmaar Bank plans to add more than 100 branches in Pakistan this year through its subsidiary Faysal Bank, to capitalize...