Sindh Bank & Summit Bank likely to be merged
Sindh Bank and Summit Bank are likely to be in the final stages of being merged, media sources have reported. The newly merged bank...
Economic Survey 2017-18: Agriculture sector records growth of 3.81 percent
Rice, sugarcane considered amongst the notable Kharif crops outstripped their production targets in 2017-18 by posting growth of 7.45 percent and 8.65 percent respectively
Govt to soon decide K-Electric’s fate: Asad Umar
KARACHI:Â Planning and Development Minister Asad Umar has said that the government would soon decide whether K-Electric (K-E) should remain privatised or be...
Govt increases gas price for fertiliser industry. But are some players more equal than others?
The recent change in gas prices has been welcomed by the fertiliser industry with one caveat
The legend of Inam Akbar and the truth behind his Midas touch
The story of how one man turned an entire country’s news media industry into his personal playing ground.
Govt, Asian Development Bank sign agreements to enhance power transmission
ISLAMABAD:Â Government of Pakistan and Asian Development Bank (ADB) signed loan and project agreements amounting $260 million for the Second Power Transmission Enhancement...
Coca Cola Icecek delegation meets BOI Chairman Zubair Gilani
ISLAMABAD: A delegation of Coca Cola Icecek (CCI), led by General Manager CCI Pakistan, Ahmet Kursad Ertin and Group Director Corporate Affairs...
Is Treet Corporation Pakistan’s next big conglomerate?
Syed Sheharyar Ali is now the fourth generation of his family to be a major business owner in the region that is...
Three provinces reject to provide subsidies for prioritized SEZs
Provinces originally gave consent to provide a subsidy for the special incentive package but some now had refused to provide it.
MoE’s decision to buy LNG at $4 per MMBTU will incur Rs10bn loss per annum
ISLAMABAD: The Ministry for Energy (MoE) has decided to purchase liquefied natural gas (LNG) at $4 per Million British Thermal Unit (MMBTU)...
Toyota to recall cars in China over airbag defects
BEIJING: Japanese automaker Toyota will recall 357 imported Lexus cars in China due to defective airbags, according to China's market regulator.
The recall,...
Oil prices climb amid expected OPEC cut, but markets remain wary
Front-month Brent crude oil futures were at $67.29 per barrel at 0259 GMT, up 53 cents, or 0.8 percent, from their last close
Specific actions taken to save country from inclusion in FATF grey list: Miftah
ISLAMABAD: Pakistan has taken specific actions to save the country from being included in the Grey List by Financial Action Task Force...
Baloki power plant connected to national grid: NTDC
Lahore: The Baloki (RLNG) based power plant of 1,200 megawatt capacity has been connected to the national grid said the National Transmission...
General Motors suspends dividend, share buybacks as coronavirus hits sales
General Motors Co said on Monday the automaker has suspended its quarterly cash dividend on its common stock and its share buybacks...