PSO earns Rs 10.015bn profit despite circular debt of Rs 268bn

Report says the profit of PSO is in line with the expectations Power sector, PIA among the biggest defaulters of PSO   Pakistan State Oil...

Kashmir’s most valuable resource burning to ashes

“Your children and the generations to come will curse you for wasting Diyaar so ruthlessly,” rebukes a middle-aged man to Siddiq, the owner of...

Money well spent?

When they first came into office, the Nawaz Administration’s pronouncements on the textile industry were a libertarian’s dream come true. Commerce Minister Khurram Dastgir...

Raiding the sports league market

Since independence, Kabaddi is the only game that has kept Pakistan in the top ranks of the international ecosystem of sports. And yet we...

Chinese firms eye Pakistan amid Beijing’s ‘Silk Road’ splurge

  Chinese companies are in talks to snap up more businesses and land in Pakistan after sealing two major deals in recent months, a sign...

SBP governor directs banks to focus on agriculture credit

    State Bank of Pakistan Governor Ashraf Mahmood Wathra has urged the banks to understand the needs of the economy and focus on agriculture financing...

OMCs’ sales up by 8pc in January

    Oil Marketing Companies (OMC) sales remained slightly lower than estimates at 8 per cent in January 2017 compared to last January of 2016, while...

Engro Foods posts PAT of Rs 2.386b in 2016

    The Engro Foods (EFOODs) on Friday announced full year net profit after tax (PAT) of Rs 2.386 billion in 2016 down by 25 per...

Mian Mansha brings Hyundai cars back to Pakistan

South Korean carmaker Hyundai Motor Co is expected to resume assembling of cars in Pakistan, according to a statement sent to PSX by Nishat...

Daewoo bus service company soon to be listed on stock exchange

Daewoo is in the process of being listed on the Pakistan Stock Exchange, reported a national daily. The China-Pakistan Economic Corridor (CPEC) has given...

BOP writes off Rs1589.3 million worth of loans

The Bank of Punjab has provided details of names of beneficiaries with the written-off amounts to the Punjab Assembly on Wednesday from July 2008...

Work on the TAPI gas pipeline project to begin this month

Work on the long-awaited Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline will commence in Pakistan this month.Tapi Company, mandated to run the pipeline, has awarded the project...

NEPRA overturns its charges against K-Electric overcharging its consumers

“The authority (Nepra) modifies the impugned decision dated June 10, 2014 to the extent that KEL must ensure that no such kind of incident...

Oil & Gas firms’ receivables mount to Rs 338b

The Ministry of Petroleum and Natural Resources has asked the Prime Minister to intervene as the receivables from power producing companies soar to Rs...

5 ZTBL officials fake as ghost farmers to steal millions of government funds

Five official workers namely Khushdil Khan, Binyamin Khan, Zari Gul, Sajjad Mehmood and Mohammad Fayyaz of Zarai Taraqiati Bank (ZTBL) have been alleged to...

Popular News

FBR extends deadline to file tax returns

The Federal Board of Revenue (FBR) on Friday extended the last date for submission of sales tax and federal excise duty for the tax...

Latest News

Govt’s efforts to ensure long-term benefits for businesses: MOF

ISLAMABAD: The Ministry of Finance has said that the government’s macroeconomic adjustment and demand management policies for stabilization have started making an impact, as...