3 Pakistani companies participate in Automechanika fair
KARACHI
Three companies from Pakistan participated in the Automechanika fair in Johannesburg. The companies include Atlas Battery, Diamond Tyres, and Rastgar Engineering. The...
First unit of Neelum-Jhelum Hydropower project to start generation in Feb 2018
Lahore: Neelum-Jhelum Hydropower project is said to be on the verge of completion as dry testing of electromechanical equipment and switch yard...
Exporters to EU advised to join REX before Dec 30th
Karachi: Pakistan is required to completely switch to the European Union's REX (Registration of Exporters) system for origin certification by December 30,...
Siemens signs agreement order for supply of 50MW wind farm in Pakistan
Lahore: The German company Siemens Gamesa has secured an order from the independent power producer Zephyr Power for the Engineering, Procurement and...
Chinese firm to invest Rs4b for setting up soda ash plant in Punjab
Lahore: A Chinese company has decided to invest heavily in different sectors of Pakistan’s economy and it will start its venture by...
Off-net call charges are over 198pc higher than they should be, says: PTA
Karachi: Pakistan Telecommunication Authority (PTA) is seeking the opinion of cellular mobile operators (CMOs) regarding the reduction of off-net call rates, which...
Rs2.12b recovered from Chinese firm for 2008 power project
Islamabad: In good news, the government has been successful in recovering Rs2.12b from Chinese firm Songfang Electric Corporation Limited (SECL) reported a...
ICSID refused key witness testimony in Karkey RPP case
Islamabad:  Senior government officials said International Centre for Settlement of Investment Disputes (ICSID) had ignored Pakistan’s corruption claims and refused a key...
Ogra proposes Rs2.36 per litre increase in petrol price
ISLAMABAD
After notifying due authorities the Oil and Gas Regulatory Authority (OGRA) has sent a summary to the Ministry of Petroleum and Natural...
SBP keeps policy rates unchanged at 5.75%
KARACHI: The State Bank of Pakistan (SBP) on Friday decided to keep the policy rate unchanged at 5.75 per cent following the...
KP gives nod to center’s proposal for forming upstream regulator
ISLAMABAD: Khyber-Pakhtunkhwa (KP) has given its nod to the center’s proposal for an upstream regulator that would overlook matters linked to oil...
LCCI to explore new markets for Pakistani goods
LAHORE: Exploration of new markets for Pakistani merchandise, reduction in the cost of doing business, water scarcity and strong liaison between public...
Norwegian energy entity approaches Nepra seeking tariff approval for solar plants
KARACHI: A Norwegian energy entity is seeking tariff approvals for its 150 megawatts peak (MWp) solar plants from Nepra.
It has approached National...
Commercial banks foreign currency deposits rise in anticipation of rupee devaluation
KARACHI: An increase of US$1.2billion has been reported in foreign currency deposits of commercial banks in a period of last four months....
Chinese firm to provide Rs15 billion loan to Gwadar port authority
KARACHI: China Communication Construction Company (CCCC) will be providing a Rs15billion interest-free loan to the Gwadar Port Authority (GPA) for the establishment...