Business
Business
CDWP okays projects worth Rs177bn
The Central Development Working Party (CDWP) cleared yesterday, six development projects worth Rs177.4 billion, including a foreign exchange component of…
KP plans Rs7bn wheat subsidy from July 22 onwards
The Khyber Pakhtunkhwa (KP) government is planning to launch a scheme aimed at providing subsidised wheat flour and cooking oil…
ready-made clothing steadily encroaching into tailors’ business
The trend of wearing ready-made gents and children’s shalwar kameez has gained momentum in the last two to three years…
Duty-free import of 100000 tons of potatoes allowed
High potato prices forced the federal government to allow duty-free import of an additional 100,000 tons of potatoes to reinforce…
Foreign Exchange Reserves fall to $14.5bn
The country’s foreign exchange reserves decreased to $14.513 billion for the week ending July 11, from $14.637bn the previous week,…
Return on govt bonds raised to attract investment
The government yesterday,increased cut-off yields on Pakistan Investment Bonds (PIBs) to encourage banks and others to invest in long-term papers.…
Dry ports to be set up at three border points
The government has decided to establish dry ports at Torkham, Chaman and Wagha border points at a cost of Rs20.196…
Abbott Laboratories beats second-quarter profit estimate
Abbott Laboratories Inc reported better-than-expected quarterly earnings yesterday on recovering sales of its nutritional products and improved profit margins for…
USF disburses record Rs4.2bn subsidy
Universal Service Fund (USF) disbursed a subsidy of Rs4.2 billion during the previous fiscal year for its projects to provide…