SBP keeps monetary policy unchanged at 5.75pc for next two months
Karachi: The State Bank of Pakistan (SBP) kept the policy rate unchanged at 5.75 per cent following a considerable strong growth momentum...
Combined import bill of food, machinery and oil rose by 29pc during FY 2016-17
Islamabad: According to data released by Pakistan Bureau of Statistics on Friday, the combined import bill of machinery, food and oil for...
SBP fails to meet probe deadline into cause of rupee depreciation
Karachi : The stipulated date for completing its inquiry into the reasons for the fall of the PKR on July 5th has...
OGDCL pondering acquisition of exploration & production company abroad
Karachi: Oil and Gas Development Company (OGDC) is pondering on acquiring an exploration and production company in Africa or the Middle East...
Sea food exports rise 21.35pc during FY 2016-17
Islamabad: Sea food exports from Pakistan during 12 months of previous financial year (2016-17) increased by 21.35 percent as compared to exports...
Shaheen Air all set to commence its largest Hajj operations this year
Lahore: Shaheen Air International is geared to fly the highest number of pilgrims this year for the annual pilgrimage of Hajj. The...
Petroleum ministry to undertake Rs190m coal exploration projects in Balochistan
Islamabad:  Ministry of Petroleum and Natural Resources would execute two new projects worth Rs 190 million for coal exploration and evaluation in different...
Third of agricultural land uncultivable due to soil salinity: FPCCI
Lahore: According to Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Pakistan is experiencing major salinity in its soil which has...
Chinese delegation considers investment opportunities in KP’s oil and gas sector
Peshawar: A Chinese CCK Group delegation visited Khyber-Pakhtunkhwa Oil and Gas Company Limited (KPOGCL) on Thursday, and held detailed discussions to explore...
PPL drills 1.3 km-long horizontal well for tight gas
Karachi: Pakistan Petroleum Limited (PPL) has drilled and completed tight gas horizontal well Naushahro Feroz (NF) Hor-1, an official said here on...
Total broadband subscribers in Pakistan cross 44.32m
Islamabad: The total broadband subscribers including 3G and 4G services have crossed 44.32 million in the country, registering a reasonable growth rate...
Foreign reserves declined by $537.8m this week
KARACHI: Total liquid foreign reserves of the country declined by $537.8 million to $20.830 billion this week compared to $21.368 billion last...
Power tariff for June may see reduction of Rs2.13 per unit
Islamabad: A petition for electricity tariff reduction has been filed with National Electric Power Regulatory Authority (NEPRA) by the Central Power Purchasing...
Industrial output grows 5.69pc in 11 months of FY 2016-17
Islamabad: The country’s large scale manufacturing (LSM) sector grew by 5.69 percent during the first 11 months of fiscal year 2016-17 as...
PSO borrowings from banks surge to Rs130.5b
Islamabad: Pakistan State Oil’s (PSO) borrowing from banks has surged to Rs130.5b due to default of payments by Pakistan International Airlines (PIA)...