PM woos Turkish entrepreneurs; seeks investment in energy, infrastructure development
ISTANBUL: Prime Minister Shahid Khaqan Abbasi has invited Turkish entrepreneurs, business giants and mega companies to invest in diverse areas of economy in Pakistan especially...
Mobile commerce, a driving force behind banking, says: Chairman PTA
ISLAMABAD: Chairman, Pakistan Telecommunication Authority Dr. Syed Ismail Shah has said that mobile commerce has become a driving force in banking sector...
Pakistan among top five recipients of PPI investment from World Bank
ISLAMABAD: Pakistan has entered the list of five largest recipients of Private Participation in Infrastructure (PPI) investment of World Bank by receiving...
Pakistan Steel Mills privatization plan still intact
ISLAMABAD: Secretary Privatization Irfan Ali on Friday reiterated that Pakistan Steel Mills (PSM) privatization was still on the cards and it was...
Late night dining out: Punjab minister suggests 25pc “luxury tax” on luxury hotels/restaurants
LAHORE: A 25pc luxury tax has been proposed to be enforced on high-class restaurants and hotels catering food to the elites after...
Post-penalty HBL reports hefty loss of Rs14.122 billion for July-September quarter 2017
KARACHI: In a notification sent to the bourse on Friday, Habib Bank Limited announced its quarterly earnings for July-September of financial year...
Oil prices inch upwards due to signs of tightening supplies
SINGAPORE: Oil prices edged up on Friday, supported by signs of tightening supply and demand fundamentals, although a warning about excessive China...
Islamic Development Bank to use blockchain for development of Sharia-compliant products
RIYADH: The research arm of the Islamic Development Bank plans to use blockchain technology to develop sharia-compliant products, aiming to support...
Fee payment row impedes start of operations at second LNG terminal
ISLAMABAD: As fee payment row rages on between Fatima Fertilizer and Sui Southern Gas Company (SSGC), Pakistan LNG Terminal Limited is mulling...
Sliding forex reserves: Pakistan obtains $450m loan from Credit Suisse
ISLAMABAD: To support dwindling foreign exchange reserves, Pakistan has borrowed $450m on a short-term facility from a Credit Suisse led consortium of...
With an eye on elections, govt speeds up heavy spending on development projects
-- CDWP sanctions 31 projects worth Rs 360 billion
-- 12 mega projects valuing Rs 342 billion referred to ECNEC
-- Govt holds second...
Over-billing, wrong meter reading not tolerable, strict action required: Leghari
ISLAMABAD: Power Division Federal Minister Sardar Awais Ahmed Khan Laghari has said that over-billing, fake billing and wrong meter reading are not...
DRA napping as spurious drug sales continue unabated
Islamabad: Drug Regulatory Authority (DRA) has asked the provincial authorities to furnish an investigation report to take legal action against M/s Everest...
Oil prices steady as tensions in Middle East continue
Singapore: Oil prices were stable on Thursday, supported by ongoing OPEC-led supply cuts, tensions in the Middle East and lower U.S. production...
ICAP accords PSO number 1 rank in its list of top 100 companies
Karachi: Institute of Chartered Accounts of Pakistan (ICAP) has selected Pakistan State Oil (PSO) as the number one company in its top...