The government on Sunday decided to challenge the Peshawar High Court ‘stay-order’ against the privatization of Oil and Gas Regulatory Authority (OGDC) in the Supreme Court, reported a private TV channel on…
PIA to set up 12 training centres
The Pakistan International Airlines will build 12 training centres in all major cities within six months with an overall capacity of 1,200 students per year. Special Assistant to the Prime Minister on…
Sit-ins inflicting huge losses to economy: Sarwar
Punjab Governor Chaudhary Muahmmad Sarwar said on Sunday that sit-ins were inflicting billions of rupees daily loss to national economy besides hampering the economic growth. Talking to a high-level delegation of trade…
LCCI demands early refund of ST and IT claims
The Lahore Chamber of Commerce and Industry (LCCI) has demanded of the Federal Board of Revenue (FBR) chairman to expedite stuck-up sales tax and income tax refund claims as businessmen are facing…
Cement industry witnesses 9.85pc growth in local industry
During the first quarter of current fiscal year, the cement industry has posted a growth of 9.85 per cent in local sales compared with sales during first quarter of the last fiscal…
No CNG on 2nd & 3rd of Eid: SNGPL
The Sui Northern Gas Pipeline Ltd (SNGPL) has expressed its inability to provide gas to CNG stations in Punjab on 7th and 8th of October. The SNGPL said the government had announced…
TDAP postpones mega event of Expo Pakistan due to rallies in Islamabad
Trade Development Authority of Pakistan (TDAP) Chief Executive SM Muneer has said that sit-in in Islamabad inflicted colossal loss to national economy and TDAP has to postpone a mega event of Expo…
LHC declares collection of gas infrastructure development surcharge illegal
The Lahore High Court (LHC) has declared as illegal the surcharge being collected in the name of gas infrastructure development. LHC Judge Shujaat Ali Khan announced the verdict on Friday. During the…
95pc retailers, 73pc businesses demand Islamic banking
The State Bank of Pakistan (SBP) has launched the survey-based report “knowledge, attitude and practices of Islamic banking in Pakistan” on Friday at SBP’s learning resource center auditorium. The ceremony was chaired…
Pak’s pharmaceutical exports likely to touch $ 2000m by 2018
Pakistan’s pharmaceutical exports are presently over $ 800 million, annually, expected to touch $ 2000 million mark by 2018. Member Senate Standing Committee on National Health Services, Regulations and Coordination, Senator Abdul…
Gul Ahmed Textile profits up 65pc in FY14
Gul Ahmed Textile Mills Limited (GATM) announced its full-year FY14 result on Monday posting net profit-after-tax of Rs 1.23 billion (earnings per share of Rs 6.75) up 65 per cent as compared…
OGDCL holds road-show to lure global investors
The Oil and Gas Development Company Limited (OGDCL) announced on Thursday the launch of a secondary offering of its ordinary shares and Global Depositary Shares (GDSs) representing shares and the commencement of…
ECC approves support price for cotton seed
The Economic Coordination Committee (ECC) of the Cabinet, which met on Thursday under the chairmanship of Finance Minister Senator Ishaq Dar, approved support price of Rs 3,000 per 40 kg for seed…
PIA acquires two Boeing aircraft on wet lease
Both aircraft have been acquired through Turkish Airlines and the agreement entails use of aircraft as well as provision of pilots and cabin crew, along with maintenance and insurance facilities Two aircraft…
Global imbalances remain threat to stability: IMF
Debts owed by borrowers to surplus countries have kept growing in the wake of 2008-09 crisis and still threaten the global economy, the International Monetary Fund (IMF) has warned. Even though total…
OGDCL ordered for paying royalty to Shahzain within 3 months
The Islamabad High Court (IHC) has issued orders to the Oil and Gas Development Company Limited (OGDCL) to make payments of royalty of gas extracted from areas of Bugti tribes within three…
Dar issues directions for putting up solar park case before ECC
Minister for Finance Muhammad Ishaq Dar on Wednesday directed for making a complete case on the Quaid-e-AzamSolarParkBahawalpur project along with proposed solutions and to bring it before the Economic Coordination Committee of…