Business
Business
Liquidity crunch responsible for poor response to T-bills auction
The poor participation of banks in treasury bills auction on Wednesday revealed that they are out of cash, particularly because…
Opec expected to lower output target
Opec’s secretary general said he expected the group to lower its oil output target when it meets in late November,…
New global plans for crackdown on corporate tax avoidance
Plans for a major rewriting of international tax rules unveiled yesterday could eliminate ristrictions that have allowed companies like Google…
“ADB to support Bhasha dam project”: ADB President Takehiko Nakao
The Asian Development Bank (ADB) has said that despite its limited financing capacity it would support the Diamer-Bhasha dam to…
Bulls make cautious return as stock up by 110 points in volatile trade
Stocks continued to climb on Tuesday with the KSE-100 index adding another 110.17 points or 0.37 per cent to close…
Lucky Cement all set to invest Rs27bn in power project
Lucky Cement Limited declared yesterday that the company board had approved equity investment of around Rs27 billion to set up…
Pakistani fabrics to be exhibited in ‘Taxworld’ exhibition in Paris
The Ambassador of Pakistan to France Ghalib Iqbal has said that Pakistani textile products have great potential of finding more…
Hydrocarbons discovered in Hala, Sindh
Pakistan Petroleum Limited (PPL) has announced discovery of hydrocarbons from exploratory well Adam West X-1 in Hala Block. In order…
Cabinet gives the nod to the sale of 10% OGDCL shares
The Cabinet Committee on Privatisation yesterday approved disinvestment of 10 per cent government shares in the Oil and Gas Development…