AIIB pledges support for Pakistan’s development agenda
'The bank has decided to finance scores of development projects in line with government priorities'
OGRA approves up to 191pc increase in gas prices
ISLAMABAD: In order to meet the revenue shortfall of the Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited...
SBP governor says good times ahead as tough decisions bearing fruit
State Bank of Pakistan Governor Reza Baqir has said that “the tough part” regarding fluctuations in the exchange rate and inflation adjustments...
OGDCL begins shale gas drilling operations
The Oil and Gas Development Company Limited (OGDCL) recently commenced drilling operations for first Shale Gas Well, KUC-1, in Hyderabad, Sindh.
OGDCL has...
Favouritism ‘ruling the roost’ in Petroleum Division
ISLAMABAD: Petroleum Division has allegedly violated certain rules and regulations by appointing "blue-eyed officials" on lucrative positions, it was learnt on Monday.
Sharing...
Deadline to file income tax returns extended till 31st
ISLAMABAD: In order to facilitate the taxpayers, the Federal Board of Revenue (FBR) has extended the deadline to file income tax returns...
Finance adviser can’t chair NFC meeting, clarifies law ministry
MoF may now consult all four governors to make Dr Hafeez Shaikh an NFC member
PFMA slapped with Rs75m fine for ‘manipulating flour prices’
ISLAMABAD: The Competition Commission of Pakistan (CCP) has imposed Rs75 million fine on the Pakistan Flour Mills Association (PFMA) for being involved in...
Nine yachts gutted as fire breaks out at fish harbour
At least nine luxury yachts were gutted when a fire broke out at a hotel situated near the Karachi Fish Harbour in...
Oil prices near three-month highs on US-China trade deal
LONDON: Oil prices on Monday held near three-month highs, supported by last week’s announcement that an initial trade deal had been reached between...
Carrefour Pakistan enters into strategic partnership with Daraz
The alliance will enable Daraz’s online shoppers to shop from over 3,000 products offered by Majid Al Futtaim’s Carrefour stores
WB to provide $700m additional financing for Dasu Hydropower Project
The World Bank will provide $700 million additional financing for Dasu Hydropower Project’s transmission line, a private media outlet reported on Monday.
World...
Bulls maintain control as KSE-100 gains 728 points
KARACHI: Bulls controlled the Pakistan Stock Exchange (PSX) on the first trading session of the week, as the indices headed north right from...
Implementation agreement for 1,320MW coal-based power project signed
ISLAMABAD: The Implementation Agreement (IA) for Pakistan's largest Thar coal-based power generation project (1,320MW capacity) has been signed at the Private Power and...
Foreign investment in Pakistan debt markets should be seen positively: SBP
KARACHI: The increase in investment by foreign investors in debt instruments is an encouraging sign for the Pakistani economy, the State Bank of...