Business
Business
Massive debt: Govt. borrows $ 965m in last 4 months alone
The government has borrowed a massive $956 million from commercial banks at expensive rates and without ensuring a competitive bidding…
“Pakistan’s economy reaches pivotal point”: IMF
"After two years of painstaking efforts, Pakistan’s economy has reached a pivotal point where national consensus is needed to move…
Sugar mill owners mint billions as prices rise suddenly
Sugar mill owners are enthusiastically raking in extra income of billions of rupees as prices of the sweetener have gone…
Revenue loss: Pakistan losing $2.63b a year due to smuggling
"Pakistan is losing a monumental $2.63 billion worth of revenue a year, thanks to smuggling of just 11 goods that…
Neelum Jhelum Project: First power unit to be commissioned in June 2017
The first unit of the 969MW Neelum-Jhelum Hydropower project is set to be commissioned in June of next year. The…
Property portal: Zameen.com raises a staggering $20m
Zameen.com, Pakistan’s most popular real estate portal, has announced that it has closed its ‘Series C’ funding round with a…
“Pakistan borrowed $1.42b in 3 months”: Claims Ishaq Dar
Pakistan borrowed an absolutely staggering $1.42 billion from foreign countries and financial institutions during the past three months. During the…
EOBI, Amtex ltd: Brokerage house to prison
There is the reason why regulators generally refrain from holding brokerage houses accountable for research reports that turn out to…
MOL Pakistan hits large gas reserves in Tal block, KPK
MOL Pakistan has made a sizeable gas-condensate discovery at its exploratory well Mardan Khel-I in Hangu district of Khyber-Pakhtunkhwa. This is a…