Business

Business

Pakistan still spends $6.7bn on oil import

While the world is projected to save over $1.3 trillion from oil price fall, Pakistan has yet to reap the…

2 Min Read

BoP likely to award contract to higher bidder: Decision angers other bidders

The Bank of Punjab’s Board of Directors is likely to award a vital contract of procuring core banking system to…

1 Min Read

Critical situation:SNGPL warns of systemic collapse

With shortages already affecting households and businesses in cities it supplies natural gas to, the Sui Northern Gas Pipelines Limited…

1 Min Read

Increased outflow of profits on foreign investment

Inflow of foreign investment in the country has yet to pick up pace, but outflows in the shape of profits…

1 Min Read

Cotton prices register steep increase on strong demand

Sustained demand for quality lint pushed prices higher on the cotton market yesterday. Spinners and some exporters kept looking for…

1 Min Read

Ogra asks LPG firms to refrain from over profiteering

The Oil and Gas Regulatory Authority (Ogra) has asked the LPG marketing companies to adhere to their licensing conditions and…

1 Min Read

SECP declines Engro’s ‘disclosure relaxation request’

The Securities and Exchange Commi­ssion of Pakistan (SECP) rejected an application by Engro Powergen Qadirpur (EPQ) for relaxation of disclosure…

1 Min Read

Stocks continue to climb at KSE

Bulls charged relentlessly for the fifth day in a row  yesterday with the KSE-100 index up by 249.63 points to…

1 Min Read

Banks to aquire Rs12bn transfer charges in 6 month time frame

The government yesterday gave an undertaking to the commercial banks to clear Rs12 billion transfer charges on account of foreign…

1 Min Read