Opposition blocks treasury’s move to lower property valuations terming it “unconstituional”

Opposition members namely Syed Naveed Qamar of Pakistan Peoples Party and Asad Umar of Pakistan Tehreek-e-Insaf have blocked a treasury move to...

Belarusian region proposes to export dairy to Pakistan

Belarusian region Brest Oblast is keen in building trade ties with Pakistan through the export of its dairy products to Pakistan, it...

Dewan Cement looks at North Plant sell off

Bestway Cement has entered into a non-binding memorandum of understanding (MOU) with Dewan Cement Limited (seller) for the proposed acquisition of North...

Pakistan invites Chinese companies to invest in textile and garment industry in Pakistan

Pakistan Ambassador to China, Masood Khalid, on Tuesday, invited the Chinese companies to take advantage of investment-friendly policies of the government and...

SBP seeks early resolution of US dollar notes issue

The State Bank of Pakistan (SBP) has urged all banks to either accept all kinds of US dollars (old and smaller denominations)...

Faysal Bank and EFU Life Insurance collaborate to offer new products to clients

Faysal Bank one of the leading banks of Pakistan has entered into two agreements with EFU Life Assurance Ltd to offer additional...

PIA cuts a better wet lease deal with Turkish Airlines

Pakistan International Airlines (PIA) after incurring stark operational losses of over Rs 3 billion for running its Premier Service to London...

Pakistan Railways launches mobile app ticketing service

Train passengers can now use a mobile phone app to obtain tickets in the unreserved category, as the Pakistan Railways has launched...

Bidding war around Linde Pakistan

In the wake of a recent offer made by a consortium of 4 companies interested in acquiring 60% controlling shares in  Linde...

BYCO floats first-ever AAA rated private sector Sukuk

Byco Oil Pakistan Limited (“BOPL”) has successfully issued its first privately placed Sukuk for Rs 3,120 million, reported a national daily.The issue,...

Finance Ministry fails to release budgetary allocation for FWBL

The Finance Ministry has failed to release the allocated funds of Rs 500 m for equity injection in First Women Bank Limited...

Two wind power plants to become functional by the end of 2017

Two additional wind power plants are scheduled to be installed in Sindh province with 33 wind turbines each, it has been reported. They...

Abbotabad RTO comes harsh on sale of smuggled cigarettes

  Abbottabad Regional Tax Office's (RTO) team has seized a huge cache of non-duty paid illegal cigarettes during raids in Abbottabad and Mansehra. The...

Local, Iranian firms agree to get PSM on 30-year lease

  by GHULAM ABBAS After the decision of the government to go for a long-term lease plan instead of privatising Pakistan Steel Mill (PSM),...

Linde Pakistan changing hands

A consortium of as many as 4 companies have shown interest in jointly acquiring 60% shares of Linde Pakistan Limited (LPL), it...

Popular News

The spectacular decline of Hubco

It is not every day one can characterize a company that made Rs11.9 billion in profits last year as struggling, but there is no...

Latest News