Category: Business

Prime Minister Imran Khan on Thursday said that a strategy has been prepared to remove the business community’s reservations about the National Accountability Bureau (NAB), Radio Pakistan reported. While speaking to a delegation of members of various chambers of commerce and industry, the premier added that a committee of business personalities was being formed to resolve the […]

The military’s media wing on Thursday issued a formal statement about the much-talked-about meeting a day earlier between the army chief and some of Pakistan’s most powerful business tycoons. According to Inter-Services Public Relations (ISPR), army chief Gen Qamar Javed Bajwa has reportedly told a group of businessmen that the country’s “improved internal security environment” […]

ISLAMABAD: Inflation surged by 11.4 per cent year-on-year in September from, reported the Pakistan Bureau of Statistics (PBS) on Wednesday. Inflation, measured through the Consumer Price Index (CPI), edged up by 0.77pc over the previous month after PBS revised its calculation methodology. Based on the new base year (2015-16), September inflation came in at 11.37pc, […]

ISLAMABAD: In dramatic shocks to power consumers, the government on Wednesday increased electricity tariff by a cumulative Rs2.50 per unit to generate about Rs125 billion additional revenue for the power sector ahead of first quarterly review with the International Monetary Fund (IMF). In one of the decisions on Wednesday the Economic Coordination Committee (ECC) of […]

ISLAMABAD: The Executive Committee of the National Economic Council (Ecnec) on Wednesday decided to transfer to the federal secretaries funds allocated for each approved project at the beginning of every quarter and approved Rs199 billion worth of seven development projects. The meeting presided over by the Prime Minister’s Adviser on Finance Dr Abdul Hafeez Shaikh […]

ISLAMABAD: Gwadar Port has been opened for transit trade and the first ship in this regard is set to arrive next week, a sub-committee of the Senate Standing Committee on Maritime Affairs was informed on Tuesday. Officials of the Ministry of Maritime Affairs briefed the sub-committee regarding transit trade and transshipment. The body was informed […]

United Kingdom’s Civil Aviation Authority said 44 flights are scheduled to fly on Wednesday to bring back 7,100 people back to the country, following the collapse of travel firm Thomas Cook. The regulator said it had 30,000 more passengers to bring back to Britain, entering the 9th day of its two-week long peacetime repatriation operation. […]

KARACHI: The Pak Suzuki Motor Company Limited (PSMCL) on Tuesday announced second price jump in two variants of Alto660cc by Rs70,000-85,000 from Oct 1 followed by price hike of Rs2,000-6,000 in two-wheelers. Two-time price increase in Alto suggests the PSMCL is now fully cashing in on its burgeoning demand after losing sales on hot selling […]

KARACHI: K-Electric has signed a $50 million loan agreement with Standard Chartered Bank, supported by GuarantCo, to undertake upgradation of power infrastructure including the installation of theft-resistant Aerial Bundled Cable (ABC) as well as smart grid solutions. The dual currency corporate term loan will be split equally into two tranches denominated in the rupee and […]

ISLAMABAD: With a delay of more than three years, the Federal Cabinet on Tuesday approved the much-awaited first-ever e-commerce policy framework. While approving the framework at the cabinet meeting, Prime Minister Imran Khan remarked that e-commerce will add synergy to Pakistan’s Kamyab Jawan Prog­ramme and One-Woman, One-Bank Account initiative, while proving to be a driver […]