Business

Business

Fear grows of delay in new cotton crop

Ginners were reluctant to dispose of their depleted cotton stocks on Saturday in the hope to get higher price on…

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PM approves two coal power plants in Gadani

Prime Minister Nawaz Sharif has given approval for two additional coal-fired power plants in Gadani under independent power producer (IPP)…

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Nawaz approves allocation for Bhasha, Dasu dams, motorways

Prime Minister Nawaz Sharif on Friday approved allocation for construction of Diamer-Bhasha Dam (4500 MW), Dasu Hydro Power Project (2160…

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State bank Rs. 414 billion into banking system

The State Bank on Friday injected Rs414 billion into the banking system to save the banks from a massive liquidity…

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SBP approves 10 agri-finance proposals

The State Bank on Friday announced the results of Financial Innovation Challenge Fund (FICF) Round 2 on promoting innovative rural…

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Drastic cuts in subsidies planned in coming budget

The government has decided to drastically reduce subsidies in the new budget and squeeze out higher amounts of surplus from…

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$1.5b Saudi gift declared ‘statistical discrepancy’

Unlike any foreign grant, Pakistan has not treated $1.5 billion (Rs157 billion) gift from Saudi Arabia as non-tax revenues and…

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Import of electricity not feasible for Pakistan

The import of electricity from Central Asian upstream countries is not feasible for Pakistan as it involves huge investments of…

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LSM growth turns negative in March

Large-scale manufacturing (LSM) posted a negative growth of 2.68 in March 2014 over the same month last year, reflecting a…

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