Fuel prices reduced
KARACHI: The price of petrol was on Monday reduced by Rs4.86 per litre, setting the price at Rs90.97 per litre. Similarly, the price of high speed diesel was slashed by…
Political noise, economic uncertainty pull Pakistan equities 8.0pc down in 2018
KARACHI: Pakistan Stock Exchange benchmark KSE-100 index depicted range bound pattern and ended 8% lower in 2018 due to heightened political noise (election year) and persistent deterioration in economic landscape.…
PTCL injects Rs4 billion in U Microfinance Bank
KARACHI: Pakistan Telecommunication Company Limited (PTCL) has signed an agreement for Rs4.0 billion Unsecured Subordinated Debt Facility (Tier 2 capital) with U Microfinance Bank (U Bank), which is a wholly…
Pakistan seeks to renew electricity import agreement with Iran
ISLAMABAD: Federal Minister for Power Omar Ayub Khan while reiterating Pakistan’s commitment for further promoting the existing brotherly relations between Pakistan and Iran, has said that Pakistan is looking forward…
Import Policy amended to tighten checks on mobile devices import
KARACHI: Ministry of Commerce has notified amendments in the Import Policy Order enabling tightened control on the import of mobile phone sets and cellular devices. SRO 1528(I)/2018 provides that import…
Bank Holiday
KARACHI: The State Bank of Pakistan (SBP) will remain closed for public dealing on Tuesday, the 1st January 2019, observed as bank holiday. All banks / DFIs / MFBs shall,…
China Power Hub Generation Company achieves first synchronization with national grid
KARACHI: China Power Hub Generation Company (Pvt.) Ltd. (CPHGC) achieved yet another very important milestone when Unit-I of the 2X660MW coal-fired power project successfully synchronized with the national grid system…
Nimir Industrial Chemicals elects board of directors for next term
KARACHI: Nimir Industrial Chemicals Limited has elected seven directors on its board at the extra-ordinary general meeting (EOGM) held in Sheikhupura. The meeting was concluded with the announcement of the…
GSK Pakistan to spend a billion rupees on brand building
KARACHI: GlaxoSmithKline (GSK) Pakistan has announced to spend Rs1.03 billion for brand building and sustainable investment activities in the country. “GSK Pakistan has received promotional allowance (which for the year…
Customs Intelligence Peshawar seizes smuggled cloth, opium
PESHAWAR: Directorate of Customs Intelligence and Investigation Peshawar has geared up the campaign against smuggling including smuggling of narcotics, and seized goods worth millions. Information was received from Director Arslam…
Sportsfever360 signs pact to launch Health360 for sportsmen
ISLAMABAD: For a society to flourish, it is important for every individual to take responsibility. Sportsfever360 has always realized its duty towards the society and empowering the underprivileged around them…
Pakistan Post launches hybrid Mobile App
ISLAMABAD: Federal Minister for Postal Services, Murad saeed, inaugurated the Pakistan Post Mobile App for services featuring complaint handling, real time track and trace of the cargo. The app also…
CPEC financing is concessional, government clarifies
ISLAMABAD: Pakistan’s Press Information Department (PID) has clarified that China Pakistan Economic Corridor (CPEC) financing is concessional. Reference news appeared in a section of media reporting Pakistan has to pay…
Karachi: Mega anti-encroachment drive rendered useless
OPINION: The biggest metropolis of the city witnessed a large scale anti-encroachment drive during the past two months. City father or Mayor of Karachi Waseem Akhtar who belongs to Muttahidda…
Karachi Press Club elects office bearers for 2019
KARACHI: The Democrats Panel made a clean sweep on Saturday in the annual elections of the Karachi Press Club for the year 2019. According to results, Democrats Panel’s candidate for…
ASO Karachi seizes smuggled goods
KARACHI: ASO of MCC Preventive Karachi is keeping strict check on the movement of smuggled goods including contrabands; and seized large quantity of betel nut worth Rs15.6 million. Information was…
Ogra proposes upto 13.5pc decrease in petroleum prices
ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has recommended a reduction in petroleum prices by up to 13.5 per cent, keeping in line with the declining global trend in…
Industrialists assure SSGC of Sunday closure for better line pack
KARACHI: In the backdrop of prevalent gas shortfall in Karachi, the industrial bodies and associations of the city held a meeting with the SSGC management in the Company Head Office…
KATI facilitates UBG for winning FPCCI elections
KARACHI: President, Korangi Association of Trade and Industry (KATI) Danish Khan, Senior Vice President Faraz-ur-Rehman, Vice President Maheen Salman, and members of executive committee have felicitated United Business Group (UBG)…
AM-Pak Business Forum facilitates UBG for clean sweep victory in FPCCI election
KARACHI: America Pakistan (AMPAK) Business Development Forum has facilitated business tycoon S. M. Munir, patron-in-chief United Business Group (UBG) and all of his team members for clean sweep victory in…