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…