Night navigation for large vessels launched at Port Qasim
KARACHI: Night navigation system for the large vessels has been launched at Port Qasim for the very first time in the history of Pakistan. The said goal is one of…
DFID chief economist calls on Finance Minister Asad Umar
ISLAMABAD: Chief Economist, Department for International Development (DFID), UK, Rachel Glennerster called on Finance Minister Asad Umer here on Wednesday. Glennerster appreciated the measures taken by the government to stabilize…
Federal & Sindh governments must challenge SCP’s order to remove commercial structures on residential plots, demands FPCCI, ABAD
KARACHI: The office bearers of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Association of Builders and Developers (ABAD) have condemned the Sindh Building Control Authority (SBCA) for…
Rs1.0 billion announced for SMEs by UK-funded Karandaaz and JS Bank
The UK-funded Karandaaz has signed an agreement with JS Bank to jointly make PKR 1 billion available for small and medium enterprise (SME) financing. Increased access to SME financing will…
Customs values of Hard Discs determined
KARACHI: Director Customs Valuation Iqbal Muneeb has determined the Customs values of hard disks (internal/external) vide Valuation Ruling No. 1353/2019. Representations were received from MCC Appraisement-West, Karachi that hard disks…
Fauji Fertilizer Bin Qasim (FFBL) posts 16pc decline in earnings
KARACHI: Fauji Fertilizer Bin Qasim (FFBL) has announced a net profit of Rs778.1 million for the year ended December 31, 2018, which is 16 percent lower than the profit of…
Bank Al Habib posts marginal decline in earnings
KARACHI: Bank Al-Habib Limited has announced a net profit of Rs8.45 billion for the year ended December 31, 2018, which is 1.1 percent lower than the profit of Rs8.505 billion…
Across the board transfers in Pakistan Customs soon
KARACHI: Large scale and across the board transfers and postings in Pakistan Customs are expected in few days, as the promotions have already been notified. An official said that as…
Pakistan to sign oil & gas supply agreement with Azerbaijan in February
ISLAMABAD: Pakistan and Azerbaijan will formally sign a commercial agreement for supply of oil and gas products this February on arrival of Azerbaijan’s foreign minister in Islamabad. Azerbaijan is one…
Probationers posted in Pakistan Customs Service
KARACHI: The Federal Board of Revenue (FBR) has notified postings of 26 Assistant Collectors (Probationers) on successful completion of 45th Specialized Training Programme (STP) in BS-17. Salik Mahmood and Usman…
PIA to ease roster for the cabin crew
KARACHI: Pakistan International Airline (PIA) management has instructed for work friendly and productive roster for the cabin crew. PIA spokesperson said that in this regard the scheduling section is to…
Monetary Policy on January 31st; analysts expect interest rates unchanged at 10pc
KARACHI: The meeting of the Monetary Policy Committee (MPC) will be held on Thursday, January 31, 2019 in Islamabad, followed by the press conference to be addressed by the State…
Asia Petroleum’s Asia Energy seeks license for 30MW solar plant in Punjab
KARACHI: Asia Energy Private Limited, a subsidiary of Asia Petroleum Limited, has sought a license to setup a 30MW solar power generation facility in Punjab with an estimated cost of…
Engro Foods wins three CSR awards
ISLAMABAD: Engro Foods Limited’s (EFL) contributions over the years were recognised at the NFEH 11th CSR Award ceremony held recently, a statement said on Tuesday. Engro Foods was awarded winner…
Philips underlying 2018 profit higher
The Hague: Dutch electronics giant Philips said Tuesday its 2018 headline earnings plunged more than 40 percent, reflecting the disposal of its lighting business, but underlying profit rose while sales…
APPS, Summit Bank collaborate
KARACHI: Avanza Premier Payment Services (APPS) signed an agreement with the Summit Bank at the Bakht Tower to enable Payfast, APPS’ end-to-end payment gateway, providing a secure and reliable environment…
SHC summons official concerned of KICT
KARACHI: An appellate bench of High Court of Sindh (SHC) yesterday ordered issuance of notices to respondents in a case filed by Rising Sun Construction Company. The bench earlier heard…