Power Division Minister orders inquiry against Rs2.45bn loss by Jamshoro Power Company
ISLAMABAD: Taking serious notice of Rs 2.45 billion loss allegedly registered by the Jamshoro Power Company (777 MW Jamshoro Power Plant) in...
Oil Tankers and Contractors Association to go on strike from Nov 13
KARACHI: All Pakistan Oil Tankers Association (APOTA) Chairman Yousuf Shahwani has said that the countrywide strike will start from November 13.
Yousuf Shahwani...
Q-Mobile dents national exchequer to the tune of billions
ISLAMABAD:Â Q-Mobile in a bid save a hefty amount of taxes has allegedly caused billions of rupees to the national exchequer by assuming...
Market Daily: KSE100 gains 18.45 points as Sharif family is summoned by the court
LAHORE: The Pakistan Stock Exchange (PSX) ended around its open levels. The KSE 100 index jumped up 231.68 points to intraday high...
New oil, gas reserves discovered in Attock
ATTOCK: Pakistan Oilfields Limited has discovered new oil and gas reserves at TAL Block, increasing the hydrocarbon reserves of the country.
POL has...
Senate sub-committee for judicious fund utilisation in gas producing districts
ISLAMABAD: Sub-Committee on the Senate Standing Committee on Energy Monday underlined the need for judicious utilisation of development funds in oil and...
Tax exemption for cell phone users: Senate Body
ISLAMABAD: The Senate Standing Committee on Information Technology has recommended tax exemption for users with Rs 500 and less account balances.
Senator Shahi Syed...
Oil prices reach two-year highs, as markets tighten, Saudi crackdown
SINGAPORE: Oil prices hit their highest levels since July 2015 early on Monday as markets tightened, while Saudi Arabia’s crown prince cemented...
Another feather in Sialkot’s much-festooned cap
Amongst the town and cities of the undivided Punjab – quite like, Jalandhar, Amritsar, Lyallpur, Ludhiana and Hoshiarpur – Sialkot, the north-eastern...
Financial inclusivity: Where does Pakistan stand?
Pakistan is a lower middle-income economy, located in the heart of South Asia, with a GDP estimated at $284 Billion (2016), and...
The cost of surplus power
Prime Minister Shahid Khaqan Abbasi recently said that the country would experience an electricity surplus in the region of 2,400-3,400 MW by...
Engro sets sight on early 2019 for start of new LNG terminal in Karachi
KARACHI: Pakistani conglomerate Engro Corp expects to complete building its second liquefied natural gas (LNG) terminal in early 2019, a senior company...
Government to raise Rs4.375t from auction of t-bills, long-term papers
KARACHI: State Bank of Pakistan (SBP) on Friday disclosed the government intends to raise Rs4.375 trillion from banks through sale of treasury...
Microfinance banking industry registered 52.5pc growth during FY 2016-17
ISLAMABAD: State Bank of Pakistan (SBP) revealed that Microfinance Banking Industry witnessed a surge in growth of 52.5pc during last financial year...
Non-performing loans stood at 9.3pc during Q2 FY 2017-18
ISLAMABAD: The Non-Performing Loans (NPLs) during the second quarter of the fiscal year 2017 stood at Rs614,816 million against total advances of...