Business
Business
“Loss of Rs30 billion averted”, insists ministry of power
The Ministry of Water and Power has claimed that it has prevented a possible loss of at least Rs30 billion…
CCP gives green light for merger of Mobilink & Warid
The Competition Commission of Pakistan (CCP) has formally given the green signal for the proposed merger of Mobilink and Warid. The merger…
8MFY2015-16: Current account deficit goes down to $1.86b: SBP
Pakistan’s current account deficit has shrunk to around $1.86 billion in July-February, according to data released by the State Bank of Pakistan…
HEC: Government to start privatisation process all over again
The Privatization Commission board earlier yesterday allowed the government to start afresh the Heavy Electrical Complex (HEC) sell-off process after the previous…
Pakistan offers many duty free concessions to carmakers
Pakistan earlier today announced that foreign carmakers seeking to enter the market could import machinery for their plants duty-free, in…
PIA: Government ready for opposition onslaught
Both the upper and lower houses of parliament will convene today (Monday) for a joint session to discuss around seven key…
Automobile policy approved finally.. No relief for CBU importers or consumers!
The government earlier today approved a new automobile policy, which offers tax incentives to new entrants to help them establish…
Summit Bank keen on acquiring Burj Bank
Summit Bank has informed the State Bank that it wants to acquire a majority stake in Burj Bank, a securities…
“Pakistan’s banks not sufficiently capitalised for CPEC projects” Bank Alfalah’s Atif Bajwa
"Banks must turn to the capital markets to strengthen their balance sheets in view of the upcoming China-Pakistan Economic Corridor…