Govt, stakeholders fail to reach consensus on urea price
--Fertiliser sector says OGRA-proposed gas price increase will have a direct impact on the cost of urea production
--Govt reaffirms that 'gas price...
‘World Bank willing to invest in PIA’
ISLAMABAD:Â Pakistan International Airlines (PIA) Chief Executive Officer (CEO) Air Marshal Arshad Malik said on Monday that the World Bank was willing to...
FBR directed to take action against officials issuing ‘bogus refunds’
ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to initiate disciplinary action against tax officials involved...
CPPA proposes Rs1.73 per unit hike in power tariff
ISLAMABAD:Â The Central Power Purchasing Authority (CPPA) has asked the National Electric Power Regulatory Authority (NEPRA) to increase power price by Rs1.73 per...
KSE-100 sheds 824 points amid lack of positive triggers
KARACHI: It was a dull start to the week at the Pakistan Stock Exchange (PSX), as the indices crumbled with the benchmark...
PPL discovers oil & gas deposits in Sindh, Balochistan
The state-owned Pakistan Petroleum Limited (PPL) has announced two oil and gas discoveries in Sindh and Balochistan.
In a letter to the Pakistan...
History suggests rally may slow for US stocks in 2020
NEW YORK:Â The outsized rally in the US stock market this year may give way to a more muted performance in 2020 if...
2019 sees up to Rs1.5m hike in Suzuki car prices
ISLAMABAD: As car sales have decreased drastically due to a slowdown in economic activities, documentation process and rising inflation, the local assemblers...
Local hotel offers guests complimentary smartphones with free services
ISLAMABAD: Until now, the hospitality industry provided fixed phones and paid local and international calling facility, but guests of one hotel in...
Masses bearing the brunt of ‘unrealistic’ revenue targets: PEW
ISLAMABAD: Industrial production was being compromised for the sake of unrealistic revenue targets, which was not in the national interests, said Pakistan...
BMP sees ‘tough competition’ in upcoming FPCCI election
KARACHI:Â The elections of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) for the year 2020 would be held on December 27,...
Muslim nations consider gold, barter trade to beat sanctions
KUALA LUMPUR:Â Iran, Malaysia, Turkey and Qatar are considering trading among themselves in gold and through a barter system as a hedge against...
Pakistan has lost 11m workers to overseas employers since 1971: report
More than 11 million Pakistanis have left Pakistan since 1971 to pursue employment opportunities elsewhere, according to emigration statistics released by the...
Moot highlights regional benefits of Belt and Road Initiative
ISLAMABAD:Â The lately held International Conference on "Cross-Regional Media Fusion among the Belt and Road Partners" by the Center for Global and Strategic...
Oil declines but set for third weekly rise
LONDON:Â Oil prices fell slightly on Friday but were still set for a third straight weekly gain after easing US-China trade tensions lifted...