Paksitan spent $124.412m on import of agriculture machinery in FY 2017-18
ISLAMABAD:Â The import of agriculture machinery during the financial year 2017-18, witnessed about 4.77 per cent growth as the country spent $124.412 million...
FIA probes unauthorised imports, operational anomalies in LPG sector
Inquiry initiated after the SIFC requested a thorough investigation based on complaints from individuals in LPG businessÂ
Low financing to SMEs despite cut in policy rate: APBF
KARACHI: All Pakistan Business Forum has urged the commercial banks to improve its financing for small and medium enterprises (SMEs) sector which...
SBP develops governance framework for overseas operations of banks
LAHORE: Amid the increasing scrutiny in which financial transactions within and outside the country take place, especially with Pakistan's placement in the...
PSO posts Rs5.9bn profit after tax in nine months FY19
Pakistan State Oil (PSO), the leading oil marketing company of Pakistan, recently convened its board of management (BoM) meeting to review the...
KCCI urges lawmakers to ensure uninterrupted electricity to industrial zones
KARACHI:Â Karachi Chamber of Commerce and Industry (KCCI) President Muffasar Atta Malik, while expressing deep concerns over the current spell of unannounced load...
Cutlery exports surge 18.6pc in three months FY20
ISLAMABAD:Â The export of cutlery from the country witnessed an increase of 18.66pc during the first quarter of the current financial year (1QFY20)...
Islamic Development Bank to use blockchain for development of Sharia-compliant products
RIYADH: The research arm of the Islamic Development Bank plans to use blockchain technology to develop sharia-compliant products, aiming to support...
SBP, FIA versions differ on ‘banking fraud’
FIA Cyber Crime Wing has cautioned that security of every Pakistani bank had been compromised because many complaints from various parts of Pakistan were coming in regarding money being transferred via security breach
SBP updates country’s liquid foreign reserves position
The State Bank of Pakistan (SBP) on Thursday, updated the state of Pakistan’s liquid foreign reserves position.
The total liquid foreign reserves held...
Second LNG terminal resumes operations, helps to plug critical gas deficit in winters
ISLAMABAD: Beset by troubles since its inception, the second LNG terminal at Port Qasim, Karachi has got fixed and over 400mmcfd of...
Bosan assures growers of relief in next budget
Federal Minister for National Food Security and Research Sikandar Hayat Khan Bosan said on Sunday that the government would extend all possible...
Govt mulls auctioning underutilised capacity of LNG terminals
ISLAMABAD: The government has been considering leaving Liquefied Natural Gas (LNG) imports to the private sector and planning to auction the underutilised...
HBL declares consolidated PAT of Rs9.9bn
HBL on Thursday declared a consolidated profit after tax of Rs9.9 billion for the first nine months of 2018, with earnings per...
Kuwait sees risk of oil supply shortage in 2019 due to Venezuela
Hashem said OPEC+ actions should help re-balance the oil markets this year but he also warned of the impact of underinvestment in the oil industry which could cause a supply crunch by 2025