OGRA imposes Rs40mn penalty on six OMCsÂ
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has imposed a penalty amounting to a total of Rs40 million on six Oil...
Substandard hardware sold to DISCOs behind extraordinary line losses: CCP
ISLAMABAD: The Competition Commission of Pakistan (CCP)'s inquiry committee has alleged "embezzlement of billions of rupees" in the supply of line hardware...
ECC approves EV policy for motorcycles, rickshaws, heavy commercial vehicles
ISLAMABAD: The Economic Coordination Committee (ECC) on Wednesday approved Electric Vehicle (EV) policy for 2-3 wheelers and heavy commercial vehicles.
According to sources,...
Pakistan Post’s revenue surges by 110pcÂ
ISLAMABAD: Revenues for the state-owned Pakistan Post have gone by 110pc during the last year, the Minister for Communications Murad Saeed informed...
Budget FY21: Businessmen seek relief measures to keep industry afloat
LAHORE: As the PM's finance adviser has indicated presenting a "tough budget" for the next fiscal year (FY21) amid coronavirus outbreak, the...
Make in Pakistan policy to ensure job creation, says Razak Dawood
ISLAMABAD: The federal government will pursue ‘Make in Pakistan’ policy to generate economic activity and rationalise tariffs to ensure an export led...
Cabinet approves appointment of SNGPL directors, SME Bank president
ISLAMABAD: The Federal cabinet on Tuesday approved the appointment of 11 Board of Directors (BoD) of Sui Northern Gas Pipelines Limited (SNGPL)...
Government initiates inquiry against oil companies
ISLAMABAD: The federal government has initiated an inquiry against Oil Marketing Companies (OMCs) that will ascertain their alleged involvement in the current...
SBP should allow banks to lend to software houses without fixed collateral: CEO Systems Ltd
LAHORE: Systems Limited CEO Asif Peer has suggested a set of overarching reforms to boost IT exports from Pakistan in the wake...
Pakistan, Germany sign Rs700mn agreement on renewable energy
ISLAMABAD: Germany will provide technical assistance, worth Rs700 million, to Pakistan in the field of renewable energy and energy efficiency.
An agreement was...
Karachi to receive additional 1,400MW electricity by 2023: Asad Umar
ISLAMABAD: Planning, Development and Special Initiatives Minister Asad Umar said on Monday that Karachi city would receive additional 1,400MW electricity by 2023.
He...
Govt likely to allow petrol stations to set their own prices
As consumers across the country face difficulties due to petrol shortage, the government is currently contemplating completely deregulating pricing and marketing of...
Sindh textile millers demand up to 40pc reduction in gas tariff
KARACHI: All Pakistan Textile Mills Association (APTMA) Sindh-Balochistan Chairman Zahid Mazhar has demanded the government to reduce the tariff of indigenous gas...
HBL and Pakistan Post join hands to further financial inclusionÂ
ISLAMABAD: HBL and the Pakistan Post Office Department (PPOD) have entered into a 20-year strategic alliance with an investment portfolio of Rs118...
Investments decline while savings increase amid high inflation
ISLAMABAD: The country’s investment-to-GDP ratio has declined during the last three years from 17.3 percent in 2017-18 to 15.4 percent in 2019-20...