OGDCL, MOL Group sign MoU on strategic cooperation

ISLAMABAD The Oil and Gas Development Company Limited (OGDCL) and MOL Group have announced forming a strategic cooperation initiative for evaluating future potential...

Pakistan holding talks with France, Italy & Spain for LNG supplies

ISLAMABAD: Pakistan is in talks to import liquefied natural gas (LNG) from France, Italy and Spain, a senior Pakistani source said, raising...

Large scale manufacturing posts 5.5pc growth in six months

ISLAMABAD: The country’s Large Scale Manufacturing (LSM) sector has witnessed a growth of 5.5 per cent during July-December 2017-18 compared to the...

PBC delegation meets Finance Minister, discusses business policy

ISLAMABAD: A delegation of the Pakistan Business Council (PBC) led by Ehsan Malik and Bashir Ali Mohammad met the Finance Minister, Dr Shamshad...

Loan size for Rabi crops being raised to Rs30,000 under E-credit scheme

Minister was told in the meeting that under E-credit scheme interest-free loans of Rs 453,682 had been provided during last four seasons while loans of 32.027 percent were being provided during the ongoing season

PBA urges government to scrap ‘super tax’

Islamabad: Pakistan Banks Association on Thursday demanded the government to withdraw the super-tax that was enacted in 2015 after the recent passing...

Senate approves setting up of tribunal to challenge Nepra decisions

ISLAMABAD: A key legal change has been approved by a senate body to clip the powers wielded by National Electric Power and...

Sony revitalises smartphone franchise with movie-style screens

BARCELONA: Japan's Sony, which has fallen way behind its South Korean and Chinese rivals in the smartphone sales race, aims to capitalize...

Commercial banks foreign currency deposits rise in anticipation of rupee devaluation

KARACHI: An increase of US$1.2billion has been reported in foreign currency deposits of commercial banks in a period of last four months....

Leather exports rise 1.82pc in six months

ISLAMABAD: Exports of leather manufacturers from the country during the first half of the fiscal year 2017-18 witnessed an increase of 1.82 per...

High-level PFC delegation leaves for America to explore new markets

LAHORE A high-level delegation of Pakistan Furniture Council (PFC) left for America on Saturday, on a two-week visit to explore new markets and...

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...

Market Daily: PSX gains 163 points, closes in green post-Eid

LAHORE: As the Pakistan Stock Exchange (PSX) opened for a single session after the Eid holidays, trading remained dull. Investors preferred to...

China provided Rs121 bn debt to Pakistan in first eight months

ISLAMABAD: China has given Rs121 billion debt to Pakistan in the first eight months of the current fiscal year 2017-18, it has been...

WB capitulates and revises Pakistan external financing needs to $17b

Islamabad: World Bank on Monday capitulated and admitted to its negligence of overestimating Pakistan’s external financing needs for current financial year 2017-18. This...