KAPCO’s 660MW coal power project shelved
LAHORE
The Kot Addu Power Company’s (KAPCO) 660MW coal power project has been put on hold, after a shift in government’s stance toward...
SBP to bolster vigilance mechanism for monitoring foreign banking operations
Karachi: Governor State Bank of Pakistan, Tariq Bajwa on Tuesday said measures will be undertaken to bolster vigilance mechanisms for tracking international...
Red tape holding ministry of energy’s take off
Islamabad: The Ministry of Energy has failed to take off due to its failure to remove irritants in the functioning of power...
FMPAC riles over non-disbursement of fertilizer subsidy claims
Karachi: On Tuesday, Fertilizer Manufacturers of Pakistan Advisory Council (FMPAC) denounced the government for not having disbursed the pending claims to the...
Dawood Hercules set to acquire Jazz’s tower business for $940 million
Lahore: Dawood Hercules Corporation Limited (DHCL) in partnership with Edotco has entered into an agreement with Veon Pakistan Limited to acquire its...
Chinese hybrid rice to produce 18 tons per hectare record yield
Lahore: Rice growing experts on Tuesday said that the launch of Chinese Hybrid rice in Pakistan would bring revolution in rice production...
SBP governor Tariq Bajwa announces to revive import and export committee
Karachi: The governor State Bank of Pakistan (SBP) Tariq Bajwa announced to revive the Import and Export Committee with two directors on...
Axiata nearing deal to acquire Veon’s Pakistan tower business for $1 billion: Bloomberg
Lahore: Bloomberg has reported that Malaysia’s biggest mobile operator Axiata Group is negotiating with Veon Limited to acquire its wireless towers business...
HBL to face cases before NYDFS: Noman Karamat Dar CEO HBL
Karachi:Habib Bank Ltd (HBL) can easily pay the fine imposed by the New York State Department of Financial Services (NYDFS) without hurting...
Puma Energy acquires 51pc stake in Pakistani OMC Admore
Karachi:Puma Energy Limited, whose largest shareholder is commodities trader Trafigura has inked an agreement with Admore Gas Private Limited to acquire 51pc...
Oil and gas sector to be focus of attention in today’s ECC meeting
Islamabad: The first meeting of the reconstituted Economic Coordination Committee (ECC) has been called on Tuesday, by the PM Shahid Khaqan Abbasi.
The...
Govt’s thinks its hands are tied against sugar cartel
Islamabad: Even after establishing that the sugar mills have formed a cartel, resulting in an increase of Rs 14 per kilogram, an...
Prices for petroleum products may remain unchanged for September
Islamabad: The government has decided to maintain the same rates of petroleum products in the forthcoming month of September.
Credible sources disclosed that...
APTMA urges govt to save and revive textile sectorÂ
Karachi: High input costs have been labelled as the reason for the closure of several textile mills which manufactured yard and fabrics...
ADB smart meter project hits snags
Islamabad: The $400m smart meter project championed by Asian Development Bank (ADB) has hit snags, as the scheme is said to be...