Pakistan’s non-competitive rice loses international market
Apart from falling textile exports textile, rice exports are also expected to record a reduction of around 30 percent this year as...
Withholding tax on raw material imports to be reduced by 2.5pc
The National Assembly Standing Committee on Finance, Revenue and Privatisation, during a recent meeting has conceded to a proposal to grant 2.5pc...
SNGPL to invest Rs 110.5 b to supply 1200 MMCFD LNG
Sui Northern Gas Pipelines Limited (SNGPL) has decided to import a further 1200 MMCFD LNG for upcoming LNG terminals in the country....
Bestway takes another step to market leadership
Bestway Cement Limited has decided to invest in a Brown Field cement plant with a capacity of 6000 tonnes of clinker per...
German truck maker Man Se to enter local automobile industry
German truck maker MAN SE is actively engaged in setting up an assembly plant in Pakistan, reported a national daily.
In anticipation of...
Ittefaq Iron Industries to be listed on PSX soon
The legacy company of Ittefaq Foundries - Alshafi Group of Companies' subsidiary Ittefaq Iron Industries Limited (IIIL) has submitted a draft prospectus...
Iran re-allows imports of Pakistani kinnow through land routes
Iran has lifted a ban on imports of kinnow from Pakistan after Iranian President Hassan Rohani’s arrival in Islamabad on Tuesday to...
Pakistani rice rejected at Gulfood show in Dubai
Apart from falling textile exports textile, rice exports are also expected to record a reduction of around 30 percent this year as...
Silkbank declares profits of Rs 1.23 billion
The board of directors of Silkbank Limited, in their meeting held on February 28, declared an operating profit of Rs 1.23 billion,...
Hascol Petroleum clarifies position amidst circulating rumors
Hascol Petroleum Limited (HPL) has responded to circulating rumors about the company losing an arbitration case in U.K Court against MENA energy...
Packages Limited enters into a strategic partnership with A&R Carton AB
Packages Limited has entered into a strategic alliance with A&R Carton AB of Sweden.This was notified in a notice sent to the...
Sui Northern Gas Pipelines Limited: UFG losses down to 7.75pc
Sui Northern Gas Pipelines Limited (SNGPL) recently released their 1HFY2017 report where the company declared that they have reduced their unaccounted for...
Chinese to withhold 20% PSX sale proceeds to meet possible default claims
The Chinese-led consortium that acquired controlling 40% stake of the Pakistan Stock Exchange (PSX) wants to hold 20 percent of the sale...
Shahbaz Sharif approves “Khadim-e-Punjab Ujala Programme”
Punjab Chief Minister Muhammad Shahbaz Sharif has approved the “Khadim-e-Punjab Ujala Programme” under which ten thousand schools will be shifted to solar energy...
Hum Network to acquire M.D Productions
Mohsin Naeem, Hum Network’s Company Secretary has notified the Pakistan Stock Exchange (PSX) about the company's decision to merge with M.D Productions...