Railways ministry faces a Rs37-40bn deficit, says Sh Rasheed

RAWALPINDI: Railways Minister Sheikh Rasheed Ahmed has said that the Railways ministry faces a debt of Rs37 to 40 billion left behind by the...

No relief in federal budget for construction sector, says ABAD

ABAD chairman said that the government has presented a purely political and election budget, which will force the upcoming government to announce supplementary budget just after four months.

ISL posts highest quarterly sales at Rs12.6bn, up 32pc YoY

LAHORE: International Steels (ISL +0.32 per cent) in a notification to Pakistan Stock Exchange (PSX) on Tuesday, released its financial results for the period...

Miftah offers to give PSM for free with PIA

LAHORE: Adviser to Prime Minister on Financial Affairs Miftah Ismail has offered to give Pakistan Steel Mills (PSM) for free to anyone willing to...

Naveena Group announces establishment of steel production plant at Port Qasim

KARACHI: The Naveena Group has announced to enter into the business of steel production by establishing a 300,000 TPA (tonnes per annum) steel melting...

Daniyal Aziz: PSM privatisation to continue, liabilities to be settled

ISLAMABAD: Federal Minister for Privatisation Daniyal Aziz chaired a high-level meeting with the officials of Sui Southern Gas Company Limited (SSGCL), National Bank of...

Analysts estimate increase of Rs6 per share to ASTL after SITE expansion

LAHORE: In Amri Steels Ltd's (ASTL) latest notice to the exchange it had informed about finalisation of its plans regarding the Balancing, Modernisation and...

Trump says ‘trade wars are good, easy to win’

WASHINGTON: President Donald Trump spoke out defiantly Friday against global criticism of his plan to impose tariffs on steel and aluminium imports, seeming to...

Workers decry govt’s plan of privatisation of PIA, Steel Mill

KARACHI: A representative gathering of the labour here on Saturday expressed serious concerns on the proposed plans to privatise Pakistan Steel Mill and state-owned...

PSMA rejects controversial tax concessions to CSCECL

KARACHI: The SRO issued to benefit the import material of China State Construction Engineering Corporation Limited (CSCECL) has been criticised by a number of people...

ISL posts 17pc growth in 2nd quarter 2017-18

KARACHI: International Steels Limited (ISL) posted 17 per cent growth during 2nd quarter 2017-18 with earning per share (EPS) at Rs 2.7, in line...

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Bookings for Kia Picanto from next week

After introducing two of its vehicles in the Pakistani market, Kia Lucky Motors is all set to launch Kia Picanto for its customers. The company...

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K-Electric reports Rs12.3bn profit for FY18

KARACHI: The Board of Directors of K-Electric Limited recently approved the company’s financial results for the year ended 30 June 2018. During the reporting period,...