Business

ISLAMABAD: For what he described is failure to honour commitment regarding increasing its generation capacity, Minister of State for Water...

$840, 1,410MW Tarbela 4th extension: Wapda chief directs timely completion

LAHORE: The 1,410MW Tarbela 4th Extension Hydropower Project is of great importance and it timely completion should be ensured to...

116 branches set up till 2014: BOK serving Islamic Banking clients efficiently

PESHAWAR: Raast Islamic Banking of The Bank of Khyber (BOK) has business-friendly network in all major cities of the country...

132kv grid opened in F-16 sector: Minister says no extension in 650MW supply contract with K-Electric

ISLAMABAD: Minister of State for Water and Power Abid Sher Ali declared that the government will not grant any extension...

Funds crisis delays Neelum-Jhelum hydropower project, cost rise to Rs274.88 billion

ISLAMABAD: A funding crunch will keep the Neelum-Jhelum hydropower project unfinished this year, forcing officials to treat 2016 as the...

MobiCash sees 13pc rise, TimePey up 11pc: BB transactions declined 6pc in July-Sep

KARACHI: Except for MobiCash and Timepey, the number of transaction of branchless banking (BB) declined 6 per cent to 66.8...

18km long Rs 30b Multan Metro Bus project to start in Feb: Shahbaz

MULTAN: The Rs30 billion Multan Metro Bus Project has finally been approved by the Provincial Government and the Chief Minister...

FPCCI to plan special polices to extend fruits, vegetables exports to $1b in 3 years

KARACHI: Federation of Pakistan Chamber of Commerce and Industry President Mian Muhammad Idrees has said that export of fruit and...

Rs10-130 relief: PR cuts trains fares by 3pc to 5pc

LAHORE: Following POL prices cut, the Pakistan Railways has delighted its passengers with a 3 percent to 5 percent (Rs10...

Services export up 18.60pc in July-Nov; down 12.65pc in Nov

ISLAMABAD: The export of services surged by 18.60 percent to $2.376 billion during July-Nov period of this fiscal year against...

Section 42 of Companies Ordinance: SECP verifies directors through NADRA’s online CNIC service VERISYS

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has begun verification of the credentials of directors of companies through...

Govt to put a cap on oil base electricity, 21,000MW power generation form coal, gas under consideration

ISLAMABAD: In a new policy, the government has decided to put a cap on oil consumption in electricity production and...

$14b import, $10b exports: Pak, China gear up 2nd phase of FTA: Dastgir

ISLAMABAD: Pakistan and China have agreed to enter into second round of Free Trade Agreement (FTA) with the latter willing...

SBP clarifies liquidity injection phenomenon

KARACHI: Liquidity management operations of State Bank of Pakistan (SBP) aim to achieve monetary policy objectives of price stability so...

Govt demands Rs67b to fund climate change-related 600 projects in 10 yrs

byMonitoring Report

ISLAMABAD: The government is demanding Rs67 billion in donations from international aid agencies to fund about 600 projects over the...

Rs75b required for IDPs rehab, Rs35b for CTF: Dar says not to seek int’l aid for Zarb-e-Azb; deficit to cross 4.9% of GDP

ISLAMABAD: Finance Minister Ishaq Dar said that the government will not seek financial assistance from international financial institutions and other...

Rs67b for 600 projects in 10 years: National Flood Protection Plan envisaged to cope with floods

ISLAMABAD: As Pakistan has started braving dual impact of climate change with growing frequency of floods, the government has decided...

Rs75b burden, Rs2.4/unit hike: ICCI takes strong exception to ECC decision