NTDC suffers Rs400m loss due to suspicious bidding process
Lahore: The avoidance of open biddings for purchase of insulators by National Transmission and Despatch Company (NTDC) seems to have cost an...
Oil prices decline second day running due to oversupply worries
Tokyo: Oil prices fell on Tuesday, declining for a second day and sapping more strength from a third-quarter rally, amid signs that...
Exports of ready-made garments grew 15.65pc during first two months of FY 2017-18
Islamabad: The exports of ready-made garments from the country during first two months of current financial year increased by 15.65 percent compared...
Provinces oppose Central govt’s way of pushing gas sector reforms
Islamabad: As provinces oppose gas sector reforms being pushed by the government, the coming of Shahid Khaqan Abbasi into the Prime Minister’s...
EU to carry out review of GSP+ status to Pakistan
Islamabad: The European Union, with the assistance of Pakistan, will undertake a mid-term review of the Generalised Scheme of Preferences (GSP) Plus...
18.5% power tariff hike to disrupt market equilibrium: PIAF
LAHORE: The Pakistan Industrial and Traders Associations Front (PIAF) chairman Irfan Iqbal Sheikh has feared that the proposed hike in industrial and commercial power...
Minority shareholder demands NEPRA to review MYT determination for K-Electric
KARACHI:Â Since the issue of Multi Year Tariff (MYT) determination for KE dated March 20, 2017, by NEPRA, the market capitalisation of KE...
Textile machinery imports rose 16.12pc during July and August
Islamabad: A growth of 16.12pc was registered in the imports of textile machinery during July & August 2017, touching $88.03 million according...
Govt plans reconstruction, modernization of BOI
Islamabad: The government is working on a plan for reconstruction and modernization of Board of Investment (BOI) for introducing the best international...
CPEC: Pakistan will have to pay China $100 billion for loans obtained by 2024
Islamabad: China-Pakistan Economic Corridor (CPEC) is not all bell and whistles, as Pakistan would be required to payback China $100 billion for...
Oil prices decline after registering 20pc rise in third quarter
Tokyo: Oil prices fell on Monday, pausing for breath after posting gains of as much as 20 percent in the third quarter,...
Mobile phone imports grew 39.57pc during July-August
Islamabad: The import of mobile phones increased by 39.57 percent during July-August 2017 as compared to same period of previous year. The import...
Mari Petroleum potential growth momentum to pick up further
LAHORE: Production enhancement along with latest significant exploration activities are set to boost growth momentum for Mari Petroleum (Mari) for FY18, officials...
PFC delegation to visit Turkey soon
LAHORE: A 25 member delegation of the Pakistan Furniture Council (PFC) will visit Turkey for one week in October to explore new...
FIA registers fraud case of Rs55mn against 7 employees of private bank
DASKA:Â Federal Investigation Agency (FIA) has registered a Rs55 million fraud and embezzlement case against as many seven accused officials of a private...