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 Latest Business and Finance News
Asia subdued before oil producers' meeting, China GDP taken in stride [Reuters]

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Bearish trend continues at PSX  [The Nation] 04 May, 2017

KARACHI -  Pakistan Stock Exchange (PSX) closed sharply lower on second consecutive day due to institutional profit-taking in the post earnings season.

Volati ...

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CDWP okays uplift projects worth Rs130b  [The Nation] 04 May, 2017

ISLAMABAD -  The Central Development Working Party (CDWP) on Wednesday approved development projects worth Rs130 billion, including a CPEC scheme ‘Revival of Karachi Circular Railway&rsqu ...

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Growers asked to cultivate cotton before 15th  [The Nation] 04 May, 2017

FAISALABAD: Agriculture experts have advised growers to complete cultivation of cotton by mid of May for getting bumper yield. Agriculture Department Research Information Deputy Director Mudassar Ab ...

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Govt considers regulating real estate sector  [The Nation] 04 May, 2017

ISLAMABAD -  The government is considering to regulate the real estate sector to bring a property investment into formal economy, which has an estimated size of around Rs7 trillion.

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NA body concerned over unscheduled loadshedding  [The Nation] 04 May, 2017

ISLAMABAD -  A parliamentary committee on Wednesday expressed concern over the unscheduled loadshedding and directed the authorities concerned to minimise the woes of the power consumers in upc ...

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Dar reaches Japan to attend ADB annual meeting  [The Nation] 04 May, 2017

ISLAMABAD -  Finance Minister Ishaq Dar has reached Japan on a six-day visit, primarily to participate in the 50th Annual Meeting of Asian Development Bank’s (ADB) Board of Governors to b ...

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Balochistan offers economic opportunities for Europe: Sarfraz Bugti  [The Nation] 03 May, 2017

China Pakistan Economic Corridor (CPEC) has emerged as a game changer for the Balochistan as the project would bring immense economic opportunities for the province as well as the neighbouring countries of Pakistan, Balochistan ...

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'Budget 2017-28 to be public friendly'  [The Nation] 03 May, 2017

The coming budget for financial year 2017-18 is expected to be public friendly as no new tax is expected while the minimum taxable income is expected to be increased from Rs 400,000 per annum.

According to sources, the co ...

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Dar reviews progress on foreign-funded projects  [The Nation] 03 May, 2017

ISLAMABAD - Finance Minister Ishaq Dar on Tuesday chaired a meeting of the senior officials of Economic Affairs Division (EAD) to review progress on foreign funded projects.

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CDWP to take up 18 projects worth billions today  [The Nation] 03 May, 2017

ISLAMABAD - The meeting of CDWP will today (Wednesday) consider 18 projects worth billions of rupees, including the much delayed Right Bank Outfall Drain (RBOD-II) project worth Rs64,633.00 million, ...

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SECP lays down criteria for investment by mutual funds  [The Nation] 03 May, 2017

ISLAMABAD - The Securities and Exchange Commission of Pakistan (SECP) has laid down criteria for investment by mutual funds in listed equity securities. The criteria has been finalised to safeguard ...

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Taboo of child abuse  [The Nation] 03 May, 2017

What a beautiful child molester, if only I was a child. This note is not a direct attack on HumTv, their award ceremony, or on Yasir Hussain’s comment, following Ahsan Khan’s win in the ...

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PTEA lauds disbursements against drawback of taxes  [The Nation] 03 May, 2017

FAISALABAD - The Pakistan Textile Exporters Association (PTEA) has lauded the disbursement of drawback of taxes allowed under the prime minister's trade enhancement initiatives and termed it a posit ...

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PSX sheds 611 points amid political uncertainty  [The Nation] 03 May, 2017

KARACHI - Pakistan Stock Exchange (PSX) on Tuesday witnessed bloodbath activity as index plummeted massive 611.48 points or (down 1.24pc) to close at 48,689.42 points. This pressure in the market wa ...

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Inflation mounts to 4.78pc  [The Nation] 03 May, 2017

ISLAMABAD - The pace of inflation has increased by 4.78 percent during April due to the continuous increase in oil prices.

The inflation measured through Consumer ...

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385MW RLNG power plant starts test operation  [The Nation] 03 May, 2017

LAHORE - The 385MW RLNG-based power plant installed at Haveli Bahadur Shah (HBS) near District Jhang has started test operation.

Located in the district of Jhang, ...

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Railways to install elevators at 14 stations  [The Nation] 03 May, 2017

ISLAMABAD - Pakistan Railways is planning to install automatic elevators besides construction of overhead bridges at 14 major railway stations across the country for provision of modern facilities t ...

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Businessmen oppose hike in GST on POL prices  [The Nation] 02 May, 2017

LAHORE - The business community on Monday condemned the finance ministry for rejecting the Ogra recommendations to slash petrol and high-speed diesel prices, urging the government to reduce rates of ...

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Punjab MPs get gas supply schemes worth billions  [The Nation] 02 May, 2017

ISLAMABAD - The planning ministry has released billions of rupees to parliamentarians in Punjab for gas schemes.

“Despite serious reservations from the provi ...

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IWCCI delegation leaves for EU to explore trade potential  [The Nation] 02 May, 2017

ISLAMABAD - A delegation of women entrepreneurs has left for a ten-day visit to explore the European market and find ways and means to boost exports.

The delegatio ...

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Govt solving labourers' problems: Bosan  [The Nation] 02 May, 2017

MULTAN - Federal Minister for National Food Security and Research Sikandar Bosan has said the incumbent government was resolving the problems of labourers on priority. While addressing a ceremony he ...

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Dar chairs meeting on upcoming budget  [The Nation] 02 May, 2017

ISLAMABAD - Finance Minister Ishaq Dar here on Monday chaired a meeting to review preparations for the budget 2017-18.

The finance secretary gave the meeting an up ...

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US economy softens but Fed likely to stay course  [The Nation] 01 May, 2017

WASHINGTON -  Since the Federal Reserve upped its benchmark interest rates by a notch in mid-March, the skies have grown a shade darker for the world's largest economy.

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Power shortfall eases to 2,333MW  [The Nation] 01 May, 2017

ISLAMABAD - The power shortfall on Sunday further dropped to 2,333 MW from 2,867 MW in the country as the total generation was recorded as 13,418 MW against demand of 15,751 MW at 09:00 hours. Accor ...

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Work on 34,859MW hydropower projects ‘under way’  [The Nation] 01 May, 2017

ISLAMABAD - Around 22 dams/hydropower projects having cumulative capacity of 34,859 megawatts (MW) are either under construction, ready for construction or under planning.

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Brexit offers hope for Irish oyster farmers  [The Nation] 01 May, 2017

GREENCASTLE -  For many on the oyster-rich shores of the River Foyle estuary on the northern tip of Ireland, Britain's departure from the European Union cannot come soon enough.

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Microsoft creates 'Dubai Font' typeface for city  [The Nation] 01 May, 2017

DUBAI -  The Dubai government on Sunday announced the launch of "Dubai Font", the first typeface developed by Microsoft for a city, which will be available in 23 languages.

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New refinery to make Iran petrol self-sufficient  [The Nation] 01 May, 2017

TEHRAN -  President Hassan Rouhani on Sunday opened a refinery on the Gulf that he said will make Iran self-sufficient in the production of petroleum.

"Self-r ...

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Urban farming flourishes in New York  [The Nation] 01 May, 2017

NEW YORK: The urban farm craze is finding fertile ground in New York, where 10 young entrepreneurs are learning to grow greens and herbs without soil, bathed in an indoor, psychedelic light.

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US welcome to join 'symphony' of Belt and Road Initiative: China  [The Nation] 01 May, 2017

BEIJING: -  China says the US is welcome to join the 'symphony' performed by all participating countries in the Belt and Road initiative and the Asian Infrastructure Investment Bank (AIIB).

...
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