Chinese firm to provide Rs15 billion loan to Gwadar port authority
KARACHI: China Communication Construction Company (CCCC) will be providing a Rs15billion interest-free loan to the Gwadar Port Authority (GPA) for the establishment...
Defence & Interior Ministry issue NOC for K-Electric’s sale to Chinese entity
ISLAMABAD: Defence Ministry has given security clearance to Shanghai Electric Power (SEP) for the acquisition of K-Electric.
SEP received no-objection certificates from the...
Rebate is essential on export of yarn, APTMA explains
KARACHI
All Pakistan Textile Mills Association (APTMA) Sr Vice Chairman Zahid Mazhar, has strongly rejected the suggestion of CAPTA Chairman Zubair Motiwala, made...
Forty-three companies from Pakistan to showcase products at Shanghai expo
Karachi: Forty-three companies from Pakistan are participating in Intertextile Shanghai Apparel Fabrics & Yarn Expo to be held from 11-13 October 2017 in China’s...
Golen Gol Hydropower project’s first 36-MW unit to start production in two months
Islamabad: A local newspaper reported that Golen Gol Hydropower Project will start generating electricity in about two months time.
Located in Chitral district...
Pakistan earned $94.059m from mango exports
Islamabad: Mango exports earned Pakistan $94.059 million in foreign exchange during 2014-16, officials in the Commerce Division said on Tuesday.
Quoting figures compiled...
Dawood Hercules set to raise Rs6b from Islamic bonds
Karachi: In a notification sent to the bourse on Wednesday, Dawood Hercules Corporation Limited (DAWH) announced its Board of Directors had given...
Auto part manufacturers seek removal of regulatory duty on import of steel material
Karachi: A local newspaper reported Pakistan Association of Parts and Accessories Manufacturers (PAAPAM) Chairman Mashood Ali Khan urged the government to put...
FPCCI extends invitation to foreign investors for investment in Pakistan’s agriculture sector
Islamabad: President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Zubair Tufail on Tuesday said that Pakistan offers huge...
Second LNG terminal to be completed by 15th November says: PM
Lahore: A local newspaper reported that the country’s second LNG terminal will be open by November 15th, said Prime Minister Shahid Khaqan...
‘Privatisation Commission’s dismal capacity, lack of experience derailed privatisation agenda’
LAHORE
Dismal capacity and lack of experience with Privatisation Commission, besides overambitious agenda of privatisation for opening up fiscal space to expand social...
NEPRA approves Rs 1.82/unit cut in power price
ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has approved a reduction in power tariff by Rs 1.82 per unit on account of...
Oracle extends £1m facility to Pakistan for Thar thermal power station
London: Oracle Power has set up a £1mln short-term loan to provide working capital while negotiations continue over funding for the Thar...
Oil prices sustain gains as markets move towards rebalancing
Tokyo: Oil prices came under pressure from a strong dollar, but kept most of their gains from the previous session as major...
Pakistan’s first fashion billionaire?
The year 2017 is the first time the Pakistani clothing market hit Rs1 trillion in consumer spending (according to an analysis conducted...