Business
Business
PIA has cut losses of Rs13.5bn this year: aviation adviser
ISLAMABAD: Adviser to Prime Minister on Aviation Affairs Shujaat Azeem said on Friday that the annual loss of Pakistan International…
Govt approves 20pc duty on wheat import
ISLAMABAD: In a surprising development which could have political ramifications, the government on Thursday decided to block reduction in wheat…
$1.2bn loss in six months due to energy shortage: Aptma
LAHORE: Pakistan’s official international trade figures for the six months from April to September show that the country has lost…
ECC approves incentives for LNG users, 570,000 tonnes urea import
ISLAMABAD: The government on Wednesday approved incentives for use of imported liquefied natural gas (LNG) and allowed 570,000 tonnes of…
Audit gives clean chit to Rs342bn payment to IPPs
ISLAMABAD: An audit has given a clean chit to circular debt payments of Rs342 billion to independent power producers (IPPs),…
Cement being exported at Rs300 a bag
KARACHI: Manufacturers have been exporting cement at an average price of Rs300 (excluding local taxes and duties) per 50 kg…
NBP’s 9-month earnings jump up to Rs12.1 billion
The National Bank of Pakistan (NBP) posted profit-after-tax of Rs12.1 billion in the nine months (January-September) of this calendar year,…
OGDCL profit plummets over 15% to Rs28.3bn in first quarter
The Oil and Gas Development Company Limited’s (OGDCL) after-tax profit for the first quarter of this fiscal year dropped 15.7…
Ease of doing business in Pakistan nosedives”: World bank report
Pakistan is ranked 128th out of the 189 countries surveyed for the latest World Bank’s ‘Doing Business’ annual report, a…