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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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First coal train dispatched to Sahiwal Power Plant  [The Nation] 30 Jan, 2017

KARACHI -  The first freight train, with 1,500 tonnes of coal, was dispatched on Sunday from Port Qasim to Yousaf Wala Power Plant in Sahiwal, said Nasir Nazeer, DCO Railways Karachi Division.< ...

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WB to help Pakistan, India resolve dispute over Indus Water Treaty  [The Nation] 30 Jan, 2017

ISLAMABAD -  World Bank (WB) Chief Executive Officer (CEO) Krisalina Georgieva said on Sunday that she held constructive discussions with the Pakistani leadership on the Indus Waters Treaty.

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Investors upbeat on data, Fed; wary of Trump  [The Nation] 30 Jan, 2017

NEW YORK -  In an ordinary world, a U.S. Federal Reserve meeting, jobs data and a hefty number of earnings reports next week would provide investors with welcome distraction from speculation ab ...

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GSMA anticipates sound 3G, 4G growth in Pakistan till 2020  [The Nation] 30 Jan, 2017

ISLAMABAD -  Around 90 percent of Pakistani population would have access to 3G networks, 80 percent of which are also estimated to enjoy 4G services by year 2020.

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Rehabilitation of TDPs, associated with milk industry, picks up  [The Nation] 30 Jan, 2017

PESHAWAR -  The federal government has launched scores of uplift projects worth millions of rupees in Federally Administered Tribal Areas for the temporarily displaced persons (TDPs), associate ...

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ADB, KP govt sign MoU for construction of highways  [The Nation] 30 Jan, 2017

ISLAMABAD: A memorandum of understanding (MoU) was signed between Asian

Development Bank (ADB) and Khyber Pakhtunkhwa government for construction of highways in th ...

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Govt to improve irrigation sector in Balochistan  [The Nation] 30 Jan, 2017

ISLAMABAD -  Balochistan government is taking concrete steps to improve irrigation sector in the province.

Radio Pakistan, quoting official sources, said that ...

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Work on 2,000 MW wind power projects underway  [The Nation] 30 Jan, 2017

ISLAMABAD -  Work on 50 windmill projects is underway at Gharo-Keti Bandar and Hyderabad wind corridor in Sindh.

According to Radio Pakistan, wind power proje ...

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Govt taking steps to develop digital trade, e-commerce  [The Nation] 29 Jan, 2017

Official sources confirm that the Government has been working on developing a policy framework to develop effective e-commerce and digital trade system in the country.

Different groups are working on the gi ...

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Dastagir sees rise in exports in FY17  [The Nation] 29 Jan, 2017

LAHORE - Federal Commerce Minister Engineer Khurram Dastagir Khan inaugurated the international leather show here at Lahore Expo Centre on Saturday.

The minister a ...

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Pakistan must invest in agri sector for improving resilience, yield: report  [Dawn News] 29 Jan, 2017

ISLAMABAD: Pakistan will need to build up the resilience of its agricultural sector over the next several decades, with greater investment in agricultural research and extension to maintain and increase yields and buil ...

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Stock market enjoys a record-breaking week  [Dawn News] 29 Jan, 2017

KARACHI: The outgoing week was memorable for the Pakistan Stock Exchange in more ways than one. The benchmark KSE-100 index for the first time crossed the incredible barrier of 50,000 points on Thursday while the marke ...

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SBP keeps policy rate unchanged at 5.75pc  [Dawn News] 29 Jan, 2017

KARACHI: Predicting an inflation rate lower than the target, the State Bank of Pakistan (SBP) has decided to maintain the main policy interest rate at 5.75 per cent.

The monetary policy has been unchange ...

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Assemblers decry non-utilisation of local trucks in CPEC projects  [Dawn News] 29 Jan, 2017

KARACHI: The local heavy industry, especially truck makers, has yet to benefit from the ongoing infrastructure development projects under China-Pakistan Economic Corridor (CPEC).

The local transporters a ...

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IMF says Greece debt 'explosive' in long term  [The Nation] 29 Jan, 2017

WASHINGTON - Greece's government debt remains highly unsustainable and will be "explosive" in the long run, requiring a more credible debt relief plan from Europe, the International Monetary Fund sa ...

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US economy posts slowest growth since 2011  [The Nation] 29 Jan, 2017

WASHINGTON - The US economy slowed sharply in the final three months of the year largely due to falling exports, pulling 2016 growth to its lowest since 2011, the Commerce Department reported.

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PIMA to hold seminar on Islamic banking  [The Nation] 29 Jan, 2017

ISLAMABAD - Pakistan Islamic Medical Association (PIMA) will organise one day seminar on "Practical Implications of Islamic Banking, Finance and Investment" here at International Islamic University ...

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FPCCI for digitisation of agriculture sector  [The Nation] 29 Jan, 2017

KARACHI - Agriculture sector in the country is suffering from unpredictability in growth and its performance remains subdued due to climate change, said Ahmad Jawad, Chairman Regional Standing Commi ...

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Alternate dispute resolution centre on the cards  [The Nation] 29 Jan, 2017

LAHORE - Chief Justice of Lahore High Court Justice Syed Mansoor Ali Shah has said that collaboration between Judiciary and private sector could be a game changer.

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FTO to form committee to redress traders’ issues  [The Nation] 29 Jan, 2017

ISLAMABAD - Federal Tax Ombudsman Abdur Rauf Chaudhry has said that business community was playing an important role in the economic development of the country and he would constitute a Committee co ...

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Wapda chairman reviews work on Tarbela 4th extension  [The Nation] 29 Jan, 2017

LAHORE - The Pakistan Water and Power Development Authority (WAPDA), in pursuit of its corporate social responsibility, has been imparting quality education to the children of its employees and that ...

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Public debt sustainability profile improves, says Dar  [The Nation] 29 Jan, 2017

ISLAMABAD - Finance Minister Senator Ishaq Dar has said that the sustainability profile of public debt had improved significantly during the tenure of present government.

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High court stays auction of 400MT LPG  [Dawn News] 28 Jan, 2017

LAHORE: The Lahore High Court (LHC) stayed on Friday auction of approximately 400 metric tonnes of Liquefied Petroleum Gas (LPG), scheduled to be held on Feb 2, and instructed the petroleum secretary to submit to it a ...

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Pakistan Oilfields profit rises 27pc  [Dawn News] 28 Jan, 2017

KARACHI: Pakistan Oilfields Ltd’s (POL) half-yearly after-tax profit rose 27 per cent year-on-year to Rs4.66 billion due to lower exploration cost, decline in financial costs and upsurge in top line.

The ...

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Decision on fate of Pakistan Steel Mills deferred indefinitely  [Dawn News] 28 Jan, 2017

ISLAMABAD: The much-awaited decision on the fate of Pakistan Steel Mills (PSM) was deferred indefinitely on Friday by the Cabinet Committee on Privatisation (CCoP) which simultaneously put on hold the five per cent div ...

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Stocks fail to hold intraday gains after profit-taking  [Dawn News] 28 Jan, 2017

KARACHI: The stock market witnessed a spell of profit-taking near the close of the second session on Friday, which pulled the benchmark KSE-100 index down by 0.46 per cent to close slightly below the 50,000 mark at 49, ...

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93,276 taxpayers selected for audit under new policy  [Dawn News] 28 Jan, 2017

ISLAMABAD: The new tax audit policy, which shifts from random balloting to risk parameters, will promote compliance with existing tax laws and generate increased revenues through better declarations, FBR Member Taxpaye ...

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Exports to China fell to $770m in July-Dec  [Dawn News] 28 Jan, 2017

KARACHI: Pakistan’s trade with regional countries shows a distressing trend as the gap between imports and exports widened during the first half of the current fiscal year.

The State Bank of Pakistan (SB ...

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Nepra does away with upfront tariffs for new wind projects  [Dawn News] 28 Jan, 2017

ISLAMABAD: Doing away with expensive upfront tariffs, the National Electric Power Regulatory Authority (Nepra) on Friday announced around 20 per cent lower benchmark tariff for competitive bidding for all future wind p ...

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Investments by Pakistanis in UAE property market decline by over 40pc  [Dawn News] 28 Jan, 2017

KARACHI: While Pakistani real estate agents made a fortune in the sale and purchase of properties in Dubai in 2016, the magnitude of investments made by Pakistanis in the commercial capital of the UAE has dropped signi ...

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