PSO suffers above Rs 38 billion during last nine years as finance cost of circular debt
ISLAMABAD: State-owned oil giant Pakistan State Oil (PSO) had suffered above Rs 38 billion as finance cost of the circular debt during...
NEPRA imposes Rs 5 million fine on GENCO-II
NEPRA has imposed a fine of Rs5 million on M/s Central Power Generation Company Limited GENCO-II, a government-owned power generation company.
The fine...
Eating in the coronavirus era: global food security in question
Disruptions to the markets for agricultural products, lack of arms in the fields, poor protection of food workers against the coronavirus: in...
Economic affairs secretary leads delegation at ADB board’s annual meeting
MANILA: The governors of the Asian Development Bank (ADB) have supported the idea of applying differentiated pricing in the bank’s regular OCR...
Market Daily: PSX falls another 107 points totaling 1760 since last five sessions
LAHORE: Pakistan equity markets extended the bearish trend wherein the index fell by 107 points, stretching the decline in the index to...
Market Daily: Cements take the lead again
LAHORE: The KSE 100 index wiped out Monday’s gains with a -0.28 per cent drop here on Tuesday. As expected, materials performed...
Leading Pakistani companies to participate in USA investment Summit
ISLAMABAD
American Ambassador David Hale announced on Saturday that seven leading Pakistani companies from a range of industries will travel to Washington D.C....
UBL to deploy 75 ATMs at PSO outlets nation-wide
UBL, Pakistan’s Best Bank 2016, entered into a strategic alliance with Pakistan State Oil (PSO) the country’s largest oil marketing company allowing...
Govt to reconsider taxation on IT, telecom sectors
The government has decided to review the taxation on IT and telecom sector for the next financial year in an attempt to...
CDWP set to take up heavy agenda of projects worth billions of rupees
ISLAMABAD: Central Development Working Party (CDWP) is all set to take up a heavy agenda on Monday to approve 31 key projects...
China’s Iran oil imports plunge as US sanctions bite
BEIJING/SINGAPORE: China's crude oil imports from Iran sank almost 60pc in June from a year earlier, Chinese customs data showed on Saturday,...
SBP formulating plan to promote SMEs banking
LAHORE: Small and Medium Enterprises (SMEs) banking is poised for a shakeup, as State Bank of Pakistan has decided to initiate a...
ECC allows OMCs to charge masses with Rs48 crore under custom duties
ISLAMABAD:Â The Economic Coordination Committee (ECC) of the cabinet has granted the approval to Oil Marketing Companies (OMCs) to charge the masses with...
US to assist Pakistan in establishment of Renewable Energy Institute and formulation of energy policy
ISLAMABAD: The United States will explore ways and means to assist the Power Division in the establishment of Pakistan’s First Renewable Energy...
Investable funds shifting to unproductive sectors: PBIF
KARACHI
Pakistan Businessmen and Intellectuals Forum (PBIF) President Zahid Hussain on Wednesday said laws governing economy have continued to prefer trade over the...