Business
Business
Balochistan demands share in PPL dividends
The federal and Balochistan governments have not being able to reach an agreement on the province's demand for a share in lucrative dividends…
Power ministry against gas supply to Engro plant
The Ministry of Water and Power has opposed the proposal of continuing gas supply to Engro Fertilizers from the Mari…
Rate of capital gains tax in Pakistan ‘too high’
Karachi: Is the tax rate on profits earned through stock trading too high in Pakistan? Commonly known as the CGT, capital…
‘Tarbela 4th extension to be completed by June 2017’
Tarbela : The Tarbela 4th Extension Power Project worth $920 million will be completed by June 2017, adding 1,410 megawatts hydel…
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…