Govt releases Rs50b to curtail power outages

 In light of rising power outages, the government on Friday released Rs50b to control the power shortfall that has reached 4700 megawatts....

USAID, Punjab govt inaugurate Punjab Agriculture Commission’s Secretariat

USAID Pakistan Deputy Mission Director Julie Chen and Agriculture Minister Muhammad Naeem Akhtar Khan Bhabha inaugurated the Secretariat of Punjab Agriculture Commission...

SME Bank privatisation attracts investors’ attention

More than 10 investors have expressed interest in acquiring up to 93.88pc stake in the loss-making state-owned SME Bank Limited, media sources...

Chinese company gets contract of 300MW Gwadar Power Plant

  The Economic Coordination Committee of the Cabinet (ECC) on Thursday approved award of construction of 300 MW coal based power plant at...

OGRA recommends upward revision in POL prices for April

Govt to not increase prices in accordance with the OGRA recommendations ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) has worked out a hike up...

Efforts underway to make PIA profitable, says Sardar Mehtab

  All efforts are underway to make PIA profitable and fulfilling consumers’ expectations, as envisioned by Prime Minister Nawaz Sharif. This was stated by...

BoP announces financial results for year 2016

Lahore: A meeting of the board of directors of The Bank of Punjab (BOP) was held on March 29, 2017, to approve the audited...

WAPDA secures local financing worth Rs 144b for Dasu Hydropower project

The Water and Power Development Authority (Wapda) obtained Rs144 b worth of financing for Dasu Hydropower Project by signing an agreement for...

MOIT directs PTA to conduct 4G auction within current FY

ISLAMABAD: The Ministry of Information Technology (MoIT) has issued policy directive to Pakistan Telecommunication Authority (PTA) for conducting an auction of single block...

Sky Electric launches Pakistan’s 1st Smart Energy System

US-based Sky Electric has launched its operations in Pakistan to provide smart and clean energy solutions, on Monday. An event to inaugurate...

$1.5m investment deal signed between Techlogix & Karandaaz Pakistan

In an agreement signed between Karandaaz Pakistan and Techlogix, the former will be investing $1.5m with a vision to scale three new...

Habib Bank eyes opportunities connected with CPEC in Xinjiang

Habib Bank, one of the largest private banks in Pakistan which opened its branch in Urumqi, is eyeing opportunities connected with the...

Mari Petroleum acquires additional working interest in Bannu West Block

Mari Petroleum Company Limited (MPCL) in a notice sent to the Pakistan Stock Exchange (PSX) has informed that the company has acquired...

Banks instructed to prohibit transactions above $50,000

Banks have been instructed to prohibit transactions equal to or more than $50,000 from actual amount payable before the enforcement of international...

Hub coal-fired power plant to widely benefit Pakistanis : Chinese entrepreneur

  The new Hub coal-fired power plant in Southwestern province of Balochistan would benefit both the people and government after its completion in...