IPPs attribute higher power tariff to transmission losses
IPP body says inquiry commission's claims of plants making Rs415bn profit under 1994 policy are 'wrong'
FPCCI suggests govt to avoid overreliance on traditional exports
ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has requested the government to formulate strategies that could decrease the...
Traders call for early release of Afghan-bound containers stuck at Karachi port
PESHAWAR: The business community of Khyber Pakhtunkhwa has expressed grave concerns over a large number of Afghan transit trade containers being held...
Petroleum levy raised to unprecedented levels
ISLAMABAD: The government has imposed an unprecedented increase in taxes and levy on petroleum products for the month of May 2020.
As per...
President Alvi approves amendments in companies’ law to facilitate startups
LAHORE: President Dr Arif Alvi has approved amendments proposed in the companies' law by the Securities and Exchange Commission of Pakistan (SECP)...
ICCI seeks cut in power, gas tariffs
ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) President Muhammad Ahmed Waheed has said in line with the reduction in petroleum...
Punjab CM lauded for reopening textile industry
LAHORE: All Pakistan Textile Mills Association (APTMA)-Punjab Chairman Adil Bashir has thanked Punjab Chief Minister Usman Buzdar for reopening the textile industry...
Buffett’s Berkshire posts nearly $50bn loss on coronavirus
Warren Buffett’s Berkshire Hathaway Inc on Saturday posted a record net loss of nearly $50 billion as the coronavirus pandemic pummeled its...
Prudent policies keeping PSX afloat amid corona crisis, says MD
'Long-term investors can make an entry and hold their positions to reap the benefits of attractive valuations currently on offer'
Irish airline Ryanair cuts up to 3,000 jobs over virus
LONDON: Irish low-cost carrier Ryanair said on Friday that it planned to axe 3,000 pilot and cabin crew jobs, or 15 percent...
Suki Kinari Hydropower project to be completed on time despite Covid-19
BEIJING: The Suki Kinari Hydropower Project, being constructed under China-Pakistan Economic Corridor (CPEC) framework in the Khyber-Pakhtoonkhaw, would be completed as per...
Exports value to remain at $22bn in FY 2019-20: Razak
ISLAMABAD: Adviser to the Prime Minister on Commerce Abdul Razak Dawood has said that the country’s exports target of US $ 25...
US grants emergency approval to Gilead’s COVID-19 drug remdesivir
WASHINGTON: Gilead Science Inc's antiviral drug remdesivir was granted emergency use authorisation by the US Food and Drug Administration for COVID-19 on...
UK’s minister lauds Pakistan’s Billion Tree Programme
Britain Minister for Pacific, Climate and Forests Zac Goldsmith has hailed Pakistan's Billion Tree Programme.
In a tweet, he termed the tree program...
World stock markets rattled by Trump’s China virus claims
London and New York stocks sank on Friday, bringing back bad memories of a damaging standoff between both countries over trade.
The eurozone's...