Business

Business

Local Steel industry hails import duties

Welcoming the latest policy, leading steel melters and re-rollers  yesterday defended the imposition of 15% Regulatory Duty (RD) on steel…

2 Min Read

World Oil prices fall further

Crude oil prices fell earlier today, with both Brent and U.S. WTI futures dropping below $48 a barrel because of…

2 Min Read

PSO’s circular debt surges to Rs. 200 Billion

Pakistan State Oil's (PSO) circular debt has been reported to be more than Rs 200 billion due to which the…

1 Min Read

Bearish trend at KSE

Mixed sentiments meant the index closed marginally negative after volatile trading with KSE-100 index dipping by as much as 250…

1 Min Read

Federal govt. to stop supplying 650MWs of electricity to Karachi

Minister of State for Water and Power Abid Sher Ali has declared that the government will not extend the existing…

4 Min Read

Power generation: Govt. to curtail furnace oil production

In a new policy, the government has decided to curtail oil consumption in electricity production and produce about 21,000 megawatts…

3 Min Read

Gwadar’s new airport to be constructed for Rs. 26.6 billion

The Executive Committee of National Economic Council (Ecnec)  approved the construction of the New Gwadar International Airport at a sanctioned…

2 Min Read

1HFY15: Remittances increase by 15.26% hit $8.98b

Overseas Pakistanis sent remittances amounting to $8.98 billion in the first half of 2014-15, which translates into a year-on-year increase…

3 Min Read

Sales of cars and tractors show upward trend

The tractor segment witnessed robust growth in sales during the first half of fiscal year 2015, benefitting from the reduction…

3 Min Read