Business
Business
LNG power plants: CDWP clears two projects at revised cost of Rs191b
Islamabad: The government on Monday cleared two LNG-fired power plants at a revised cost of Rs191 billion without seeking permission from…
Statistics for 2014-15: Credit to private sector shrinks to 13% of GDP
Karachi: Banking statistics show the amount of loans extended by commercial banks to the private sector is shrinking. In fact, its…
PPL drills deepest well in Pakistan’s history, finds oil in Attock
Karachi: It seems to be a lucky week for Pakistan Petroleum Limited (PPL). After announcing a gas discovery on Tuesday, the…
ECC approves Rs9.4b package for PIA
Islamabad: The government on Friday approved another bailout package – Rs9.4 billion including Rs4.4 billion cash injection – for a struggling,…
IMF board clears $6.2b loan tranche
Islamabad: The executive board of the International Monetary Fund (IMF) on Friday approved the tenth loan tranche of the $6.2 billion…
China approves $1.2b loan for Thar coal project
Islamabad: The multimillion-dollar coalmining-cum-power project in Thar has received a major boost after the China State Council (CSC) approved financing for…
On the cards:Tax scheme to legalise hidden assets
The federal government has finalised an asset regularisation scheme for non-filers of income tax returns. It is offering them a…
Suzuki may bring 2 new models to Pakistan
Pak Suzuki Motor Company (PSMC), the country’s largest automobile manufacturer, is planning to introduce two fresh variants in the local…
PSO tenders: Russian, Anglo-Dutch firms win LNG supply contracts
Islamabad: Amid delay in a long-term deal for liquefied natural gas (LNG) supply between Pakistan and Qatar, Russian firm Gunvor and…