Pakistan becomes first South Asian country to achieve G4 rank
Pakistan has become the first South Asian country to be ranked as 4th Generation Regulator (G4) by the International Telecommunication Union (ITU).
According...
Stock markets struggle as antiviral drug hopes fade
Stock markets struggled on Friday as hopes of quickly finding a treatment for coronavirus were dashed, analysts said, and more crushing economic...
Completing CPEC govt’s top priority, FM tells China
ISLAMABAD: Foreign Minister Shah Mahmood Qureshi on Friday reaffirmed that China-Pakistan Economic Corridor (CPEC) is a transformational project and its completion is number...
Expelled sugar commission head reveals industry malpractices
ISLAMABAD: Sajjad Mustafa Bajwa, who was excluded from the sugar inquiry commission on allegations of "leaking valuable information to sugar owners", has...
MoE’s decision to buy LNG at $4 per MMBTU will incur Rs10bn loss per annum
ISLAMABAD: The Ministry for Energy (MoE) has decided to purchase liquefied natural gas (LNG) at $4 per Million British Thermal Unit (MMBTU)...
Lockdown: Oil refineries seek govt’s help for survival
ISLAMABAD: Oil refineries throughout Pakistan have sought the federal government’s intervention for a bailout package, saying they are left with no option...
Engro partners with Bill Gates charity to support poverty alleviation in Pakistan
KARACHI: Engro Foundation, the social investment arm of Engro Corporation, has signed a three-year Memorandum of Cooperation with the Bill & Melinda...
Govt reduces profit rates on National Savings schemes
The government has reduced the rate of profit on various National Savings Schemes by up to 5.42pc with immediate effect, according to...
Weekly inflation rises 0.62pc
ISLAMABAD: The Sensitive Price Indicator (SPI)-based weekly inflation for the week ended on April 23 witnessed an increase of 0.62pc, Pakistan Bureau...
Retail sector may face Rs900bn loss during 45-day lockdown
LAHORE: The retail and wholesale sector in Pakistan has feared an accumulate loss of Rs900 billion during 45 days of the coronavirus-led...
Fertilisers face inventory glut as urea offtake drops 34pc in March
LAHORE: Urea offtake for March 2020 clocked in at 303,000 tonnes, down 34pc when compared with February 2020 and 26pc when compared...
Maple Leaf Cement incurs Rs960m loss in 3QFY20
LAHORE: The Board of Directors of Maple Leaf Cement Factory Limited (MLCF) recently met to review the company's performance and announce its...
ADB pledges $1.7bn for Pakistan to fight coronavirus
ISLAMABAD: The Asian Development Bank (ADB) has assured to provide $1.7 billion to Pakistan to fight the impacts of the coronavirus.
The assurance...
Pakistan hasn’t received any foreign aid to fight corona, says PM Imran
ISLAMABAD: Prime Minister Imran Khan on Friday said that Pakistan has not received any financial assistance from any country or global organisation despite...
Govt’s intervention sought as ginning industry fights for survival
LAHORE: The Pakistan Cotton Ginners Association (PCGA) on Friday urged the government to formulate a strategy and recover Rs30 billion from textile...