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Business
Power sector subsidy reduced by Rs250bn
Islamabad: The government made on Thursday a financial adjustment of more than Rs250 billion by deciding to reduce power sector…
Dollar rises on soaring demand
Karachi: The US dollar rose to as high as Rs103.35 in the open market on Thursday, as buying from the…
Trading in new crop begins
Karachi: Trading in new crop cotton started on the cotton market on Wednesday as buyers entered into future deliveries with…
GE to overhaul PIA aircraft engines
Islamabad: The General Electric (GE) entered into an agreement with Pakistan International Airlines (PIA) here on Wednesday to overhaul and…
Textile, clothing exports fall 1.21pc
Islamabad: Pakistan’s exports of textile and clothing fell by 1.21 per cent in 10 months of the current fiscal year…
Flaws found in PTCL sale deal, PAC told
Islamabad: The National Accountability Bureau has found defects in the $2.6 billion deal for sale of 26 per cent shares…
40pc regulatory duty on steel bars, billets opposed
Karachi: Pakistan Iron and Steel Merchants Association (PISMA) on Tuesday opposed a proposal to impose 40 per cent regulatory duty…
Govt urged to end NICL ‘monopoly’
Islamabad: The Competition Commission of Pakistan (CCP) has asked the government to end the monopoly of the National Insurance Company…
Index extends overnight losses
Karachi: Shares could not shrug off jitters over budget uncertainties and drifted down by 156.51 points (0.48 per cent) on…