Business

Business

Govt punishes itself for not paying power bills

ISLAMABAD: In a bid to clear outstanding dues of billions of rupees, the capital’s electricity company disconnected power supply to…

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Regulator accuses drug makers of time consuming litigation

The Drugs Regulatory Authority of Pakistan (DRAP) has blamed the manufacturers and importers of medicines for dragging the authority into…

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Flour millers call off strike

Flour millers called off their strike on Tuesday after getting assurance from Sindh Food Department for uninterrupted wheat supply from…

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Economic revival government’s top priority: PM Nawas Sharif

Prime Minister Nawaz Sharif said on Tuesday that his government was taking fiscal measures to revive the country’s economy through…

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PIA finaly attains profit of Rs1.67bn for first quarter of 2014

The Pakistan International Airlines (PIA) has attained operating profit of Rs1.67 billion for the first quarter of 2014 – January…

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Budgetary borrowing falls to one third

The last quarter (April-June) of this fiscal year has started with a few key  positive indicators that may help the…

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Provincial govts default to the tune of Rs 86.5 billion

The power sector’s receivables increased by a staggering Rs92.24 billion to Rs503.257bn from Rs411.013bn during the first nine months of…

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State Bank gets new Governor

Prime Minister Nawaz Sharif formally appointed Ashraf Mahmood Wathra as the Governor of State Bank of Pakistan (SBP). Wathra was…

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Power shortfall exceeds 6,000MW

With most parts of the country sizzling at up to 45 degree Celsius, the power situation, as expected, worsened on…

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