Iran ready to increase electricity supply to Pakistan
Iran is ready to increase electricity supply to Pakistan from the existing 130 megawatts to 3,000 megawatts, said Iranian Consul General Ahmad Mohammadi, speaking at the Iranian Consulate General on Thursday...
Income tax on agriculture suspended since Oct in Punjab
The Punjab government has taken the decision of suspending the income tax on the agricultural sector during a meeting, chaired by Provincial...
New data centre set up to tackle money laundering and terrorism financing
KARACHI: Tracking down money laundering and terrorism financing will now be easier due to a new high-tech data centre that was inaugurated...
International oil company alleged of selling contaminated jet fuel
National Accountability Bureau (NAB) has launched an investigation against an international oil company allegedly involved in selling jet fuel as kerosene oil in...
SBP signs memorandum of understanding with Nepal Rastra Bank
The memorandum of agreement signed on Thursday will enhance bilateral relationship and sharing of information to accomplish convergence towards common modalities and...
Breaking the respectability glass ceiling: Malik Riaz’s bid to acquire a bank turned down yet again
The primary regulator of capital markets, Securities and Exchange Commission of Pakistan (SECP) has asked the Pakistan Stock Exchange (PSX) on Thursday...
MNC consortium holds talks with govt on private sector LNG supply project
ISLAMABAD: A multinational consortium, consisting of energy giants, Global Energy Infrastructure Limited, Qatar Petroleum, Total, Mitsubishi, ExxonMobil and Höegh, which is developing...
Increase in COS leads to decline in CPL’s profits
Cherat Packaging Limited (CPL) announced a profit of Rs211 million for the second quarter ended December 31, 2016, down 10% from Rs237...
Dar reviews private sector LNG supply project scheduled to be completed in 2018
Federal Minister for Finance, Ishaq Dar, chaired a meeting with senior executives representing the multinational consortium which is developing the first private...
ABL follows suit after MCB, performs below expectations
Allied Bank Limited (ABL) has announced its annual results for CY16 and has reported a Net Profit after Tax (NPAT) of Rs...
Global body for Islamic Finance proposes standard for centralized Sharia boards
The proposed rules come at a time when Islamic banks are trying to widen their appeal to consumers in core markets of...
Chinese bank provides $20 million to Pakistan for rapid transit project
China's largest commercial bank Industrial and Commercial Bank of Chine (ICBC) announced that it provided short-term financing of  $20 million for a...
Pak Suzuki unveils the new 1.4L Ciaz
Pak Suzuki Motor Company has unveiled the new Suzuki Ciaz, a 1.4-litre sedan, barely weeks after it imported several units of Vitara...
Cherat Cement posts quarterly increase of over 50 pc profits
Cherat Cement posted an increase of more than 50% in its profits for the quarter ended December 31, 2016, revealed a stock...
PTCL announces consolidated revenues of Rs 117 bn for 2016
Pakistan Telecommunication Company Limited (PTCL), the ICT services provider, has announced consolidated revenues of Rs117 billion for the year ended on December...