Stora Enso offloads 35pc equity stake in Bulleh Shah Packaging Ltd
Lahore: Stora Enso, one of the world’s biggest manufacturers of graphic papers for newsprint and magazine paper announced on Wednesday that it...
Oil tankers association calls off strike after successful negotiations with OGRA
Karachi: A formal announcement was made on Wednesday by All Oil Tankers Owners Association (APOTOA) of ending its strike after successful talks...
Telecom operators license fees to be reviewed: PTA
Islamabad: Pakistan Telecommunication Authority (PTA) has planned to undertake a survey and study for scrutinizing the renewal period of telecom operator’s licenses...
Irsa fears water shortage in upcoming winter season
Lahore: The Indus River System Authority (IRSA) in a letter dated 24th July to the Water and Power Development Authority (WAPDA) has...
Govt mulling salary increase for Ogra chief and its members
Islamabad: The government has instructed the Finance ministry to carry out a study comparing salary packages of different regulators with those being...
Profit repatriations increase to reach $2.1b during FY 2016-17
Karachi: An increase in profit repatriations have been reported again, as foreign entities have sent $2.1b in dividends and profits abroad during...
Readymade garments exports increased by 5.55pc during FY 2016-17
Islamabad: Readymade garments exports from the country during previous financial year (2016-17) increased by 5.55 percent as compared to corresponding period of...
OGRA unable to reach agreement with Oil Tankers Association
Karachi: Negotiation between oil tanker owners and the government has failed as both parties failed to reach an agreement. Earlier on Tuesday, queues...
Escort Investment Bank acquired by Bahria Town for Rs1
Karachi: Escort Investment Bank Limited and its brokerage house has been acquired for a paltry sum of Rs1 by real estate lynchpin...
Nepra approves reduction in power tariff of Rs 2.23 per unit
Islamabad: National Electric Power and Regulatory Authority (NEPRA) today approved a power tariff reduction of Rs2.23 per unit for June on account...
Mobile phone imports fell 5.78pc during FY 2016-17
Islamabad: The import of mobile phones during fiscal year 2016-17 fell by 5.78 per cent as compared to same period the previous...
PSO makes payment for its short-term borrowings
Karachi: State owned oil giant, Pakistan State Oil (PSO) on Monday said it had disbursed payments for its short-term borrowings on account...
Pharmaceutical industry asks govt to extend serialization deadline
Karachi: In a press release issued on Monday, the Pakistan Pharmaceutical Manufacturers Association (PPMA) has requested the Drug Regulatory Authority of Pakistan...
Ministry of Industries sends summary to PM opposing EDB closure
Islamabad: Prime Minister Nawaz Sharif has been sent a summary by the Ministry of Industries via the Ministry of Finance to annul...
USAID distributes mango graders worth $750,000 to farmers
Islamabad: USAID under its US Pakistan Partnership for Agricultural Development Programme has distributed 13 mango graders worth $750,000 among the mango farmers...