Dawood Hercules backs off Rs17.453 billion deal with Edotco Pakistan
At end of August 2017, DHCL in partnership with Edotco entered into an agreement with Veon Pakistan Limited to acquire its wireless tower business in Pakistan for $940 million.
Scottish renewable energy company eyes strong foothold in Pakistan
LAHORE: There cannot be enough emphasis on the need to promote renewable energy as a sustainable solution to all the energy related problems...
Pakistan and China agree on upgrading ML-1 railway track
BEIJING: The Ministry of Railways and the National Railway Administration of China (NRAC) have undertaken initial work on Pakistan Railways’ Mainline 1...
China to create three “green economic belts” in BRI countries including Pakistan
BEIJING: China has launched cross-border partnerships with several international non-governmental and civic organizations to create three "green economic belts" in countries involved...
Food ‘giant’ Gourmet denies producing motorbikes
Gourmet, which started as a food bakery 27 years ago, has a strong retail network with more than 100 outlets in Lahore alone
In shift, Pakistani giant Engro to bet big on rising middle class
Engro has been a major beneficiary from Beijing’s Belt and Road Initiative splurge, working with Chinese firms on coal and power projects worth billions of dollars
IMF to visit Pakistan with $7.5bn package on 27 Sept
ISLAMABAD: After the ‘go ahead’ from the US Secretary of State Mike Pompeo, an International Monitory Fund (IMF) team is scheduled to...
PIA suffers to the tune of billions over ill-timed move
From Sabre to little-known Turkish Global Distribution System
MUHAMMAD FARAN BUKHARI
LAHORE: Pakistan International Airlines’ (PIA) international flight bookings have almost ceased, resulting in...
India and Pakistan have driven global sugar glut: Australia’s minister for trade
Pakistan, whose sugar production has increased in recent years, in January quadrupled the volume of sugar eligible for export subsidies to 2 million tonnes to reduce excessive domestic supplies
Mini-budget to be announced next week, withdraw entitlements available to govt officers
A rise in regulatory and customs duties is amongst the recommendations which will allow 20 percent increase in the revenue collection for the government in its first year of power.
Govt mulls options to construct Diamer Bhasha dam to meet energy needs
Sharing details of a proposed plan regarding the formation of Diamer Bhasha dam Pvt Ltd Co., the sources said that it was proposed to market the shares of this company through Pakistan Stock Exchange (PSE) and approximately 52 percent shares of the company will be owned by the government and owners of remaining 48pc shares will be with the masses
Sindh Bank and Summit Bank are merging. Who is the real buyer?
Allegations of money laundering and illicit payoffs continue to haunt this transaction, suggesting there may be more than a simple bank merger going on
Hong Kong-based investment bank returns to Pakistan’s capital markets. But why?
CLSA, a subsidiary of a Chinese state-owned company CITIC, has acquired a stake in Bank Alfalah’s securities trading arm Alfalah Securities
Pak, China agree to ensure 3rd-country participation in CPEC
ISLAMABAD: Realigning the goals of the China-Pakistan Economic Corridor (CPEC), Pakistan has introduced new targets of socio-economic and regional development under this...
Intellectual Property Organisation Pakistan all set to change image after past failures
ISLAMABAD: With the ongoing developments brought about by the China Pakistan Economic Corridor (CPEC), the registration of new companies and intellectual property...