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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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Pak-Suzuki mulls shelving Rs460b investment plan  [The Nation] 24 Mar, 2017

ISLAMABAD -  Pak Suzuki is considering shelving its Rs460 billion investment plan - aimed to produce latest technology green cars - as the company believes that the government is indecisive to ...

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APWC observes Pakistan Day  [The Nation] 24 Mar, 2017

LAHORE (PR) -  The working class of Pakistan observed Pakistan Day on March 23, 2017 under the aegis of All Pakistan Workers Confederation by holding special meeting in the various parts of the country.

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Welcome orientation of IPS Pakistan Pavilion held  [The Nation] 24 Mar, 2017

LAHORE (PR) -  A welcome orientation of IPS Pakistan Pavilion was organised at Pearl Continental Hotel by Nawa-i-Waqt Media Group and Midas Communications Pakistan (MCP).

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Budget to reflect economic growth: Dar  [The Nation] 24 Mar, 2017

ISLAMABAD:- Finance Minister Ishaq Dar has said that federal budget 2017-18 would reflect the government's resolve for sustainable and inclusive economic growth. While chairing a meeting to review preparations for the budget, h ...

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China-backed bank approves 13 new members  [The Nation] 24 Mar, 2017

BEIJING -  The China-backed Asian Infrastructure Investment Bank (AIIB) said Thursday it has approved 13 new prospective members including Canada, in a coup for Beijing after Washington failed ...

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Major retail markets remain open  [The Nation] 24 Mar, 2017

LAHORE -  Partial markets closure was witnessed in provincial capital in connection with Pakistan Resolution Day, as several major retail markets remained open on March 23, for the first time i ...

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IRSA increases water for Sindh  [The Nation] 24 Mar, 2017

ISLAMABAD -  Indus River System Authority (IRSA) has readjusted the water supply to the provinces by increasing the water supply of Sindh and closing three canals providing water to Punjab.

...
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Road network vital for economic growth: PM  [The Nation] 24 Mar, 2017

ISLAMABAD -  Prime Minister Nawaz Sharif has said the road network and transportation projects were vital for economic growth.

The prime minister expressed th ...

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Zero-rating facility fails to enhance exports  [The Nation] 24 Mar, 2017

ISLAMABAD -  Pakistan’s major export-oriented sectors are still showing negative growth despite they have received zero-rating facility from the government for the ongoing financial year. ...

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Pakistan’s trade volume has increased with 137 countries: Dastgir  [The Nation] 23 Mar, 2017

ISLAMABAD: Minister for Commerce Khurram Dastgir Khan has said that the worsening of Pakistan’s current deficit can largely be attributed to the slowdown of the global economy.

According to a recent data released by ...

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Budget to be presented before Ramazan  [The Nation] 23 Mar, 2017

ISLAMABAD -  The government has decided to announce budget for the next financial year 2017-2018 before the advent of the holy month of Ramadan, which would focus on enhancing GDP growth and ge ...

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0.2m farmers register for Kissan Card  [The Nation] 23 Mar, 2017

FAISALABAD: The agriculture department has collected data of 197,788 farmers for issuance of Kissan cards and registered 34,081 other farmers under E-credit scheme in the division for granting them interest free loans. Director ...

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No water for Kharif crops until April 15, Irsa tells provinces  [The Nation] 23 Mar, 2017

ISLAMABAD -  The water shortage in the country has mounted to 55 percent and Indus River System Authority (IRSA) has informed the provinces that there will be no water available for the new Kha ...

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Stocks close flat amid fall in crude oil prices  [The Nation] 23 Mar, 2017

KARACHI -  Stocks closed flat amid late session pressure on oil stocks after a fall in global crude prices and concerns over a major fall in global equities. The market opened on a positive not ...

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Govt according top priority to power sector  [The Nation] 23 Mar, 2017

ISLAMABAD -   Prime Minister Nawaz Sharif said that considering power shortages as a prime economic challenge, his government has given top priority to power sector to meet the industrial, ...

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Saeed appointed NBP president  [The Nation] 23 Mar, 2017

ISLAMABAD -  The government has appointed Saeed Ahmad as President of National Bank of Pakistan. He was previously serving as deputy governor of the State Bank of Pakistan.

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Ogra functioning compromised: CNG Association  [The Nation] 23 Mar, 2017

LAHORE -  The All Pakistan CNG Association on Wednesday said that Ogra continued to work with an incomplete quorum, resulting in legal and regulatory challenges in the petroleum sector.

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FBR discretionary powers irk businesses  [The Nation] 23 Mar, 2017

LAHORE  -  Trade and industrial associations and chambers across the country have given the Federal Board of Revenue (FBR) April 10 deadline for acceptance of their demands.  

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Indians leave bankers in the cold in $23 billion telecoms mega-deal  [The Nation] 22 Mar, 2017

Investment banking business in India should be enjoying bumper fees after a record year of dealmaking. It's not, and big banks blame in-house teams of advisers that have proliferated as the country's top family-owned conglomera ...

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SBP to remain closed on 23rd  [The Nation] 22 Mar, 2017

KARACHI -  The State Bank of Pakistan (SBP) will remain closed on March 23, 2017 (Thursday) on the occasion of Pakistan Day, as declared by the government of Pakistan, said a statement issued h ...

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Lesco launches online system for new connections in central circle  [The Nation] 22 Mar, 2017

LAHORE -  The Lahore Electric Supply Company (Lesco) on Tuesday launched an online application system for new connections in its central circle of Lahore to facilitate its domestic and industri ...

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Dealers protest against corruption in NFML  [The Nation] 22 Mar, 2017

LAHORE -  The fertilisers dealers have appealed Prime Minister Nawaz Sharif and Chief Justice Mian Saqib Nisar to take notice of corruption in the affairs of the National Fertiliser Marketing L ...

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Target of transmitting 30,000MW to be achieved in 2018: NTDC  [The Nation] 22 Mar, 2017

ISLAMABAD -  National Transmission and Dispatch Company (NTDC) is upgrading the transmission of power system throughout the different parts of the country as per the needs and load of the consu ...

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70 branches of various banks to be established in Balochistan  [The Nation] 22 Mar, 2017

QUETTA -  State Bank of Pakistan (SBP) Governor Ashraf Mahmood Wathra has directed the banks, operational in Balochistan, to promote banking credit services and grant loans for encouraging busi ...

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Senate body seeks details of int’l trade deals  [The Nation] 22 Mar, 2017

ISLAMABAD -  A parliamentary committee on Tuesday directed the government to provide details of the trade agreements signed with the other countries to the parliament.

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China asks WTO to weigh in on EU anti-dumping measures  [The Nation] 22 Mar, 2017

GENEVA - China on Tuesday asked the World Trade Organisation to create an expert panel to examine the so-called "surrogate country" approach used by the European Union to calculate anti-dumping meas ...

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British inflation surges to 2.3pc  [The Nation] 22 Mar, 2017

LONDON: British annual inflation jumped in February to the highest level in almost three and a half years, driven by increasing fuel costs, data showed Tuesday.

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Stocks continue upward trajectory, index breaches 49,000 points  [The Nation] 22 Mar, 2017

KARACHI -  Stocks continued its upward trajectory on Tuesday as the benchmark PSX shares index gained 322 points or (0.66%) by the close of the trading session to reach 49,020.21 points.

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Nepra reduces Rs 3.5/unit in multi-year tariff of KE  [The Nation] 21 Mar, 2017

ISLAMABAD -  National Electric Power Regulatory Authority (Nepra) has announced integrated multi-year tariff of K-Electric Limited (KE) for the period of seven years (2016-2023) and reduced its ...

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E  [The Nation] 21 Mar, 2017

 

KARACHI : Provincial Excise and Taxation department has initiated a road checking campaign to nab tax defaulting vehicle ...

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