Business

Business

KP govt gives the nod to Rs10bn for oil and gas exploration company

The Khyber Pakhtunkhwa government yesterday approved Rs10 billion for the provincial Oil and Gas Development Company Limited (KPOGDCL) with a…

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Textile policy in the doldrums pending govt approval

Despite a lapse of three months, the federal finance ministry is yet to approve the new textile policy which carries…

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PTCL’s profit take a nose dive

Pakistan Telecommunication Company Limited (PTCL) posted profit-after-tax (PAT) at Rs7.8 billion for the nine months (9M2014) ended Sept 30, translating…

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SBP decides to outrightly sale/purchase sukuks

The State Bank earlier today took an important decision regarding facilitating Islamic Banking through outright purchase and sale of Islamic…

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China wants to strengthen ties in banking sector

Ms Li Tong, chairperson and CEO of Bank of China International (BoCI), visited the State Bank of Pakistan and discussed…

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‘EDB to focus on development of engineering sector’

Engineering Development Board (EDB) following its given mandate should focus on development of engineering sector of the country. Chairman of…

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LPG price may decrease by Rs 30/kg after OGRA intervention

There are chances of a significent decrease in the price of Liquefied Petroleum Gas (LPG) as Oil and Gas Regulatory…

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NA finally approves Seed Amendment Bill 2014 to increase agri crops

National Assembly (NA) Standing Committee on National Food, Security and Research (NFS&R) on Wednesday approved much awaited Seed (Amendment) Bill…

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Oil production up 19%, gas down 1% in 1st quarter FY15

Pakistan’s oil an average production increased by 19 percent in the first quarter of 2014-15 (1Q FY15) to stand at…

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