IPP’s withdraw sovereign guarantee encashment demand on government reassurances
The Independent Power Producers (IPP’s) have withdrawn the sovereign guarantee encashment demand on the undertaking of the government to resolve all outstanding...
K-Electric wins Diversity and Inclusion Award
K-Electric has won the Diversity & Inclusion Award during the Global Diversity & Inclusion Benchmarks Conference (GDIC) 2017, which was recently held....
Exports of cement shrink by 50.75pc during April 2017
Exports are proving to be Achilles's heel for the cement sector that has seen its growth inhibited by the regular decline in...
Committee concerned over black marketing, delayed delivery of new cars
National Assembly’s Standing Committee on Industries and Production showed serious reservations over the delayed delivery of new vehicles by the manufacturer/assemblers, indicating...
ADB effectively raising development finance to achieve its targets in Asia and Pacific: review
The Asian Development Bank (ADB) is delivering with efficacy against its goal to enhance development finance to the Asia and Pacific region,...
ICCI asks NBP to offer easy credit scheme for SMEs
Senior Vice President, Islamabad Chamber of Commerce and Industry Khalid Malik has called upon the National Bank of Pakistan to consider offering...
PIA facing a monthly loss worth $3.25 bln: CEO
Pakistan International Airline’s (PIA) Acting Chief Executive Officer, Nayyar Hayat, has blamed Gulf-based Airlines and the misuse of open sky policy for...
MCB launches state of the art digital lounge at Packages Mall, Lahore
MCB Bank, "Pakistan's Best Bank" (Euromoney & Finance Asia Awards, 2016), launched its flagship branch featuring its first State-of-the-Art Digital Lounge at...
Telenor foresees solid internet growth in Pakistan
Earnings margins in Telenor’s extensive Asian operations have been lifted by the ongoing growth in mobile broadband usage in the region, Chief...
Islamic finance growing rapidly: Sindh governor
Sindh Governor Muhammad Zubair said that Islamic finance has been growing rapidly in not only Muslim countries but also in non-Muslim countries.
Addressing...
Rs25b payment in the offing to power and fuel suppliers within a week
The government has decided to make an upfront payment of Rs25b to power producers and fuel suppliers within a week’s time for...
Qatar may be awarded $1.5b Karachi-Lahore gas pipeline on a government to government deal
Qatar has expressed an interest in the $1.5b Karachi-Lahore gas pipeline project for supply of imported liquefied natural gas (LNG). The country is...
Punjab Revenue Authority may seal other offices of Telenor Pakistan on account of alleged tax default
The Punjab Revenue Authority (PRA) on Thursday directed Telenor Pakistan to clear all its dues or face the prospect of their offices...
Thar to Lahore transmission line being planned by government
Plan to lay another high voltage power line from Thar to Lahore is being considered by the government for transmission of 4,000 megawatts...
Telecom sector seeks reduction in withholding tax and sales tax rates for upcoming budget
The telecom sector is lobbying with the government to reduce the withholding tax and sales tax rates in the budget slated to...