Govt urged to announce ‘five-year export policy’ to end uncertainty
LAHORE: The All Pakistan Textile Mills Association (APTMA) has urged the government to immediately announce the 'five-year export policy' in order to...
Cement price likely to reduce by Rs14.5 per bag
LAHORE: The price of a 50-kilogramme (kg) cement bag is expected to fall by Rs14.5, as the government has slashed Federal Excise...
PSDP 2020-21: Govt allocates Rs74.5bn for power sector projects
Of the total, Rs72.48bn will be spent on ongoing projects, while Rs2.01bn have been earmarked for new schemes
Large-scale manufacturing contracts 5.4pc in nine months
ISLAMABAD: Large Scale Manufacturing (LSM) recorded negative growth of 5.4pc during the first nine months of the current fiscal years, compared to...
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...