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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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PPL approve 35pc cash dividend  [The Nation] 01 Mar, 2017

KARACHI  -  Pakistan Petroleum Limited (PPL) held its 65th Annual General Meeting here on Tuesday and approved the financial statements for the fiscal year ended June 30, 2016 together wit ...

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IPPs’ pending payments mount to Rs439b again  [The Nation] 01 Mar, 2017

LAHORE -  The government was applauded for clearing Rs480 billion circular debt when it came into power in 2013, but it is leaving behind almost the same amount for the next government.

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CXO Verve Congress 2017 held in Karachi  [The Nation] 01 Mar, 2017

KARACHI (PR): The First Annual CXO Verve Congress 2017 held here on Tuesday which was attended by over 150 people from senior corporate technology management and business leaders from the vendor sid ...

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Uzbek deputy PM meets Malik Riaz, MoU signed  [The Nation] 01 Mar, 2017

ISLAMABAD (PR): Uzbekistan Deputy Prime Minister Ulugbek Rozukulov held a meeting with Bahria Town Chairman Malik Riaz Hussain at the Uzbek Embassy in Islamabad, said a press release on Tuesday.

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Nespak okays Rs8b budget for 2016-17  [The Nation] 01 Mar, 2017

LAHORE (Staff Reporter): The Nespak Board has approved its annual budget of over Rs8 billion for the year 2016-17, announcing the profit of more than Rs1.8 billion for period ending June 30, 2016 du ...

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Petrol hikes by Rs1.71 per litre  [The Nation] 28 Feb, 2017

The federal government on Tuesday revised the prices of petroleum products, reported Radio Pakistan.

Finance Minister Ishaq Da ...

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No compromise on safety of PIA passengers: Mehtab  [The Nation] 28 Feb, 2017

Adviser on Aviation Sardar Mehtab Ahmad Khan has directed the Pakistan International Airlines (PIA) to take all steps crucial to bringing the airline to international standards in order to redeem its past glory.

Sardar Me ...

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IMF says sanctions on Iran dampening economic sentiment  [The Nation] 28 Feb, 2017

WASHINGTON: Uncertainty surrounding the sanctions on Iran and its relations with the United States pose a risk to the oil-producing nation´s economy, the International Monetary Fund said Monday.

The comments were a ...

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India retains fastest-growing major economy tag despite cash crackdown  [The Nation] 28 Feb, 2017

India's economy defied expectations on Tuesday to retain the title of the world's fastest-growing major economy, despite the pain caused by Prime Minister Narendra Modi's shock cash crackdown.

Gross domestic product (GDP) ...

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Ogra recommends 40pc increase in POL prices  [The Nation] 28 Feb, 2017

ISLAMABAD - Oil and Gas Regulatory Authority (Ogra) has recommended an increase of up to 40.57 percent in the prices of POL products for the first fortnight of March 2017.

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MCB Bank, Qatar Airways enter into alliance  [The Nation] 28 Feb, 2017

LAHORE - MCB Bank Ltd has entered into an agreement with Qatar Airways for mutually beneficial services.

MCB Institutional Sales Head Ali Raza said that under the ...

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Chambers discuss joint strategy for resolution of issues  [The Nation] 28 Feb, 2017

KARACHI - Karachi Chamber of Commerce & Industry (KCCI) has organised a convention of all major chambers and trade associations to discuss and formulate a joint strategy for resolution of issues ...

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Cement exports to Afghanistan down by 4.5pc  [The Nation] 28 Feb, 2017

LAHORE - The cement exports to Afghanistan decreased to 0.166 million tons during the month of January 2017 from 0.174 million tons of corresponding period, showing a decline of 4.5 percent.

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PTDC chief seeks private sector’s assistance  [The Nation] 28 Feb, 2017

ISLAMABAD - Pakistan Tourism Development Corporation (PTDC) MD Ch Abdul Ghafoor on Monday said that promotion of tourism was impossible without a partnership between private and public sectors.Talki ...

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Japan sees Pakistan as next destination for investors  [The Nation] 28 Feb, 2017

ISLAMABAD - Embassy of Japan First Secretary Katsunori Ashida on Monday visited Islamabad Chamber of Commerce and Industry (ICCI) and said Pakistan could be the next destination for Japanese investo ...

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NA body questions NAB’s plea bargain powers  [The Nation] 28 Feb, 2017

ISLAMABAD - A parliamentary committee yesterday showed concern over the plea bargain by the NAB with the culprit involved in oil theft worth hundreds of millions of rupees and hinted that they would ...

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SBP directs imports through EIF to curb illegal payments  [The Nation] 28 Feb, 2017

KARACHI - State Bank of Pakistan (SBP) has directed that all imports into Pakistan should be made compulsorily through Electronic Import Form (EIF) to curb illegal and duplicate payments of imports ...

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Bearish trend continues at PSX, index sheds 487 points  [The Nation] 28 Feb, 2017

KARACHI - Stocks continued to fall as regulatory strictness on in-house financing sapped liquidity from the market, the benchmark PSX shares index on first trading day, Monday, declined by 487.25 po ...

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Pakistanis spend Rs5 billion on tea per month: PBS  [The Nation] 27 Feb, 2017

A report published by Pakistan Bureau of Statistics (PBS) revealed that Pakistanis have consumed tea worth Rs5.028 billion in January-2017.

During the same period of the previous fiscal year, the figure for tea imports st ...

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Pakistani IT developers hitting int’l markets  [The Nation] 27 Feb, 2017

ISLAMABAD -  Pakistan-based IT companies are making their way towards international markets through their mobile applications and gaming apps.

Pakistan Softwa ...

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Oil giant taps China's vast geothermal reserves  [The Nation] 27 Feb, 2017

BAODING -  Chinese state-run energy giant Sinopec has drilled hundreds of wells across the country without finding a single drop of oil. But that was precisely the point: instead of black gold, ...

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Despite Egypt reforms, investors seen wary of returning  [The Nation] 27 Feb, 2017

CAIRO - Egypt is pursuing a raft of reforms to try to revive an economy weakened by years of turmoil, but analysts say that wooing foreign investors will take time.

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ZTE launches world's first 5G-ready smartphone  [The Nation] 27 Feb, 2017

BARCELONA -  Chinese telecoms giant ZTE unveiled Sunday what it said is the world's first smartphone compatible with the lightening-fast 5G mobile internet service that networks expect to have ...

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Morocco looks to new markets to boost stagnant tourism  [The Nation] 27 Feb, 2017

RABAT - Morocco's key tourism sector barely grew last year amid security challenges, but operators are hoping Chinese and Russian visitors will boost their fortunes in the coming years.

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Brexit sows seeds of doubt for British farmers  [The Nation] 27 Feb, 2017

LONDON - Dependent on foreign workers and subsidies from Brussels, Britain's small but important agricultural sector is losing sleep over the possible fallout from Brexit, but hopes a future outside ...

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Miners regain sparkle as commodity prices rebound  [The Nation] 27 Feb, 2017

SYDNEY -   Increased Chinese spending on housing and hopes of an infrastructure bonanza in the US and India are driving a recovery in resources giants, analysts said, with major miners rak ...

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Dar stresses effective utilisation of foreign funds  [The Nation] 27 Feb, 2017

ISLAMABAD : Finance Minister Senator Ishaq Dar has said that effective utilisation of foreign funds was extremely important to ensure achievement of the objective ...

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Massive gas theft compels ministry to compile supply data  [The Nation] 27 Feb, 2017

ISLAMABAD -  The Ministry of Petroleum and Natural Resources is in the process of preparing a comprehensive report containing data of natural gas supply and its consumption across the country, ...

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Pakistan's economy witnessed significant growth during recent years: ...  [The Nation] 26 Feb, 2017

Pakistan's economy has witnessed significant increase during the recent years, claimed a leading international magazine Forbes.

According to a latest report of magazine, Pakistan`s stock exchange soared close to 500 per c ...

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Nokia sees growth opportunities in networks market  [The Nation] 26 Feb, 2017

Nokia sees demand for higher speed 4G network equipment starting to recover this year, led by Japan, the company's chief executive Rajeev Suri said on Sunday as he announced a series of contracts with telecom operators.

S ...

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