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...
Balloki power plant’s 9HA gas turbine successfully completes its first fire-test
Lahore: The 9HA gas turbine installed for the Balloki Power Plant in Patoki has successfully completed its first fire test as reported...
Internet speeds attain normalcy as submarine cable fault gets fixed
Lahore: PTCL on Sunday afternoon announced via its official Twitter account that the internet submarine cable IMEWE, which got damaged Saturday morning at 3am...
Facilitation of exporters only way forward: Hammad Azhar
State minister says ill-conceived policies of the past govts had jeopardised the vibrant export industry of textile
LAHORE: Minister of State for...
17 Years no work, but another licence extension?
ISLAMABAD: Instead of revoking licence or imposing a penalty on the operator, who failed to drill a single well over the last...
Saad Mahmood to replace Jehanzeb Khan as AkzoNobel CEO
Lahore: CEO of one of the premier paint manufacturing companies, AkzoNobel Pakistan Limited, Jehanzeb Khan is all set to retire from his...
USAID, WAPDA sign $78m implementation letter for Mangla refurbishment
MIRPUR:Â Pakistan Water and Power Development Authority (WAPDA) and United States Agency for International Development (USAID) on Wednesday signed Project Implementation Letter (PIL)-2...
PM inaugurates incubator for KP startups
KARACHI: Pakistan Telecommunication Company Limited (PTCL) and LMKT, an award-winning full-service technology company based out of Islamabad, announced the formal inauguration of...
China keen to establish $15 billion industrial park in Punjab
LAHORE: A Chinese province has expressed its interest to establish a $15 billion industrial park in Punjab province as China-Pakistan Economic Corridor...
After massive fraud SECP opts for regular inspectionsÂ
After a major fraud, the corporate regulator, Securities and Exchange Commission of Pakistan (SECP), has announced plans to start inspection of all...
Booming hospitality Industry
Bullish about growth in the hospitality business, Avari Group of Companies that owns Avari Towers in Karachi is launching five new hotels...
Textile sector production revs up as virus spread decelerates
The country's textile sector has dramatically increased its scale of production, restoring it to pre-corona levels of maximum capacity as the containment...
Oil dips on oversupply concerns ahead of Christmas holidays
International benchmark Brent crude futures fell 27 cents, or 0.5 percent, to $53.55 a barrel at 0106 GMT
Cement sector expected to rebound by 2021, thanks to tax cut and government incentives
At first glance, the cement sector looks like it is struggling. The numbers came in for May, and they were not kind.
Pakistan’s...
SBP denies rumors of issuing new design of banknotes
KARACHI: Reference the news items circulating in social media regarding the issuance of new design banknotes of different denominations, the State Bank...