Competition commission rules PESCO discriminated against two ISPs
ISLAMABAD: The Competition Commission of Pakistan (CCP) has ruled that the Peshawar Electric Supply Company (PESCO) had acted unfairly against two prominent internet...
How the Kalma Chowk remodel is benefitting CBD’s investors — and no one else
LAHORE: If you drive across Lahore’s Kalma Chowk today, chances are you’ll have to take a massive detour to reach your destination....
Toyota to shut down production for remaining year
LAHORE: Toyota Indus Motors has notified the Pakistan Stock Exchange that it will cease production from December 20 to December 31. This...
The Reko Diq deal finally closed. Is it a “Home Run” for Pakistan?
Barrick Gold Corporation, having won a favourable ruling from Pakistan's Supreme Court and the necessary laws having been enacted, has declared that...
Punjab govt floats tender for private jet amidst rumours of national financial ruin
LAHORE: The Government of Punjab announced a tender notification for the lease of an executive jet. The tender was announced on Wednesday...
Punjab Government plans to make energy from waste. Is it even necessary?
ISLAMABAD: The Punjab cabinet has authorised the expression of interest for a waste-to-energy project, according to Chief Minister Chaudhry Parvez Elahi, who...
Somon Air returns to Pakistan after six years
LAHORE: Tajikistan’s private airline, Somon Air, restored its operations in Pakistan after six years. The airline is headquartered in the capital city...
Oilseed worth $350m remains stuck at port despite fresh release orders
ISLAMABAD: Oilseeds vessels stuck at Karachi port, carrying cargo worth $350 million, have not been released despite a release order issued by...
Pakistan, ADB sign $475m flood loan deal
ISLAMABAD: Pakistan has signed a $475 million loan agreement for flood relief with the Asian Development Bank (ADB), the country's economic affairs...
KSA proposes new measures, asks for policy incentives for oil refinery setup in Pakistan
ISLAMABAD: Saudi Arabia has proposed fresh measures for setting up a new refinery in the Hub area of Balochistan province, it was...
Govt borrows Rs1.67tr against maturity of Rs1.39tr
KARACHI: The State Bank of Pakistan (SBP) raised Rs 1.67 trillion against a target of Rs 1.35 trillion. This is against debt...
Kohinoor Spinning Mills temporarily shuts down amidst “worst crisis faced by textile industry”
ISLAMABAD: Kohinoor Spinning Mills Limited (KOSM) have temporarily shut down their operations due to economic downturn, the company announced to the Pakistan...
Finance Ministry notifies appointment of three SECP commissioners
ISLAMABAD: The federal government has notified the appointment of three commissioners of the Securities Exchange Commission of Pakistan (SECP) for a period...
Pakistan expects multibillion-dollar support from Saudi Arabia
ISLAMABAD: Pakistan will likely secure a multibillion-dollar financial support package from long-time ally Saudi Arabia this month, two sources said, as the country's ninth...
Sponsors of MCB buy 5.49pc stake in MCB
LAHORE: A change in ownership took place on Monday in MCB representing 5.49% of the shareholding in the bank.
Bugis Investments (Mauritius) Pte...