Mobile banking taking Pakistan at breakneck speed
ISLAMABAD: Pakistan is now one of the countries with incredible growth in the market of branch-less and mobile banking because of its...
HUBCO signs agreement with PPIB for 330 MW coal project in Thar block
KARACHI: Hub Power Company Limited (HUBCO), the largest independent power producer in Pakistan, has signed the implementation agreement for its one 330...
Nestle to reinvigorate its infant nutrition business
LONDON: Nestle, the world’s largest packaged food company, said on Wednesday it would reorganize its infant nutrition business to try to improve...
Vitol Dubai acquires 1.26m shares of Hascol for Rs126m
LAHORE: One of the world’s biggest independent oil trading entities, UAE-based Vitol Dubai Limited has purchased 1.26m shares of Hascol Petroleum Limited...
FBR extends super-tax on banks for FY 2017-18
ISLAMABAD: Federal Board of Revenue (FBR) has extended the enforcement of super-tax on banking companies for financial year 2017-18.
And FBR issued SRO...
US set to become leader in crude and gas production, says: IEA
LONDON: Oil will continue growing as a source of energy for over two decades, with the U.S. set to become the undisputed...
Failure to lift furnace oil could cost PSO millions of dollars
ISLAMABAD: The government’s ban on furnace oil-based power plants has created a financial nightmare for Pakistan State Oil as it faces payments...
Diamer-Bhasha dam gets excluded from CPEC
ISLAMABAD: China’s demand of ownership rights and other strict conditions for Diamer-Bhasha dam has forced Pakistan to exclude this project from China-Pakistan...
Ex-Finance minister refused to release funds for Naulong Dam
ISLAMABAD: Ex-chairman Water and Power Development Authority (WAPDA) Shakil Durrani on Tuesday urged the Public Accounts Committee (PAC) to call former finance...
Industrial sector to grow 7pc in FY18, 7.7pc in FY19: World Bank
ISLAMABAD: Pakistan’s industrial sector is expected to grow to 7 per cent in Fiscal Year 2018 because of continued construction activity coupled...
Oil prices fall after IEA casts uncertainty over demand outlook
SINGAPORE: Oil prices tumbled on Wednesday, continuing Tuesday’s slide after the International Energy Agency cast doubts over the past months’ narrative of...
Pakistan looking towards partnerships with foreign companies in energy sector
KARACHI: Petroleum Division Minister Jam Kamal Khan has said the country has significant consumption of energy, with its GDP growth anticipated at...
PM chairs ECC meeting regarding taxation, refinancing, guarantees
ISLAMABAD: Prime Minister Shahid Khaqan Abbasi chaired the meeting of Economic Coordination Committee of the Cabinet at PM Office today.
The meeting approved...
Pakistan imposes duty on imports of Indian fine cotton yarn
ISLAMABAD: In order to save the domestic market, National Tariff Commission (NTC) has imposed 5.6 per cent to 14.5 per cent anti-dumping...
Tarbela 4th extension project to be commissioned in Feb: WAPDA Chairman
LAHORE: The long-awaited Tarbela 4th Extension Hydropower Project will be commissioned in February 2018 with its first unit going into operation, while...