Pakistan Railways launches mobile app ticketing service
Train passengers can now use a mobile phone app to obtain tickets in the unreserved category, as the Pakistan Railways has launched paperless ticketing...
Bidding war around Linde Pakistan
In the wake of a recent offer made by a consortium of 4 companies interested in acquiring 60% controlling shares in Linde Pakistan Limited,...
BYCO floats first-ever AAA rated private sector Sukuk
Byco Oil Pakistan Limited (“BOPL”) has successfully issued its first privately placed Sukuk for Rs 3,120 million, reported a national daily.The issue, subscribed by...
Finance Ministry fails to release budgetary allocation for FWBL
The Finance Ministry has failed to release the allocated funds of Rs 500 m for equity injection in First Women Bank Limited (FWBL), despite...
Two wind power plants to become functional by the end of 2017
Two additional wind power plants are scheduled to be installed in Sindh province with 33 wind turbines each, it has been reported.
They will collectively...
Abbotabad RTO comes harsh on sale of smuggled cigarettes
Abbottabad Regional Tax Office's (RTO) team has seized a huge cache of non-duty paid illegal cigarettes during raids in Abbottabad and Mansehra.
The raids were...
Local, Iranian firms agree to get PSM on 30-year lease
by GHULAM ABBAS
After the decision of the government to go for a long-term lease plan instead of privatising Pakistan Steel Mill (PSM), an Iranian...
Linde Pakistan changing hands
A consortium of as many as 4 companies have shown interest in jointly acquiring 60% shares of Linde Pakistan Limited (LPL), it was informed...
Brokers default – PSX finally gives its side of the story
As the Pakistan stock market continues to make steady advances, the news of two brokerage houses defaulting at less than two weeks apart shook...
Xiaomi partners with Zong and Daraz to launch its products locally
Zong (CMPak), Xiaomi and Daraz have decided to join hands to launch Xiaomi products in Pakistan, it has been reported. Zong is believed to...
SBP orders strict monitoring to curb money laundering & terrorism financing
The State Bank of Pakistan (SBP) on Friday advised all financial institutions to take necessary measures to ensure that beneficial owners, directors, members, trustees...
Sugar mills make billions by selling sugar to USC at higher prices
Sugar mills have pocketed billions of rupees by selling sugar to the Utility Stores Corporation (USC)at higher-than-prevailing market prices, causing heavy losses to the...
Hascol to invest $20m in its lubricant subsidiary
Hascol Petroleum Limited has announced that it will soon commence work on its wholly-owned subsidiary Hascol Lubricant Limited at the cost of $ US...
Motorola all set to make a comeback in the local mobile industry
Motorola is making a comeback in the local mobile industry through the launch of its new trademark “Lenovo Moto”, reported a national daily.It is...
KPMG study proposes relaxation in UFG allowance
Oil & Gas Regulatory Authority (OGRA) had requested KPMG to conduct a study to determine appropriate Unaccounted for Gas Losses (UFG) level for gas...
