OGRA removes bottlenecks in wellhead gas price notification
ISLAMABAD: In an apparent bid to promote indigenous gas production, the Oil and Gas Regulatory Authority (OGRA) has removed certain bottlenecks in...
NEPRA approves Rs4.26 hike in power rates for five months
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has approved an increase of Rs4.26 in the per-unit price of electricity for five...
Soomro urges financial sector to facilitate privatisation process
ISLAMABAD: Federal Minister for Privatisation Mohammad Mian Soomro on Thursday urged the financial sector to participate as lenders in order to successfully...
SBP reserves up $67m to $12.1bn
KARACHI: The liquid foreign currency reserves held by the country rose $95 million to $19,047.3 million on a weekly basis, according to data...
Wilmar Agro raises stake to 30 per cent in Unity Foods
Previously, the Wilmar unit held 11.01pc stake in Unity Foods which it acquired in May 2019 equivalent to 59,905,187 shares of the company
Pakistan inks $750m financing pacts with WB, AIIB
'The funds will strengthen Pakistan's foreign exchange reserves and provide liquidity to the economy'
Italy to temporarily regularise undocumented Pakistani workers
ISLAMABAD: Ambassador of Pakistan to Italy Jauhar Saleem on Thursday said that the Italian government has decided to temporarily regularise undocumented Pakistani...
Unilever admits Munchies is a joint venture and will appoint a dedicated CEO soon
Less than two weeks after Profit reported that Munchies is a joint venture of Unilever and VentureDive, the CPG leader and the technology consultancy both admitted to the assertion in a webinar with The Nest I/O, including confirming multiple speculations in the original report
IHC orders CDA to seal ‘illegal’ navy club
IHC CJ says 'no one is above the law, not even courts'
India’s budget deficit may reach 7pc of GDP
NEW DELHI: India is likely to miss its budget estimates as the coronavirus crisis strains government's finances, a top government official said.
"This...
Food ministry, CCP to take action against collusion, cartelisation in wheat industry
ISLAMABAD: Ministry of National Food Security and Research (NFSR) in collaboration with Competition Commission of Pakistan (CCP) has decided to chalk out...
SBP conducts four-year review of complaints against banks, DFIs, MFBs
--Central bank attributes increase in number of complaints to improved access to dispute resolution mechanism
--Says number of e-banking users increased 71pc,...
Stocks succumb to selling pressure; cement, E&Ps hit
Despite a positive start to the session, KSE-100 closes lower by 226 points at 37,578.21
Finance Commission to be formed in Punjab, says Asad Umar
ISLAMABAD: Minister for Planning, Development and Special Initiatives Asad Umar on Thursday said that a Provincial Finance Commission would be formed in...
Gold continues to set new records, hits Rs117,300 per tola
KARACHI: The price of 24-karat gold increased by Rs2,300 to Rs117,300 on Thursday, as against its previous closing at Rs115,000, Karachi Sarafa Association...