Category: Business

ISLAMABAD: Tourist traffic at cultural sites in Pakistan has seen a massive increase of 317 per cent over the past five years with Punjab’s contribution being nearly 95pc, according to a report. The report Cultural Heritage and Museum Visits in Pakistan by Gallup Pakistan, a research organisation affiliated with Gallup International Association, indicates that tourism could be […]

MANSEHRA: The 870-megawatt Suki Kanari hydropower project, which is the only energy project being executed in Khyber Pakhtunkhwa under the China-Pakistan Economic Corridor initiative, would start electricity generation in year 2022. This was stated by MPA Ahmad Hussain Shah while talking to mediapersons on the occasion of water diversion from Kunhar River for building the […]

PESHAWAR: The Khyber Pakhtunkhwa government has approved Rs2.92 billion to compensate the people, whose land has been utilised for constructing infrastructure during the rebuilding of Miramshah Bazaar in North Waziristan tribal district, according to sources. The payment of compensation amount for the land of Miramshah Bazaar would bring to an amicable end one of the […]

LONDON: Brexit can provide an opportunity for Pakistan in trade and overseas employment, Pakistan’s High Commission to the United Kingdom Nafees Zakaria said in a conversation with Dawn. “There has to be a proper market study about demands and gaps [in the United Kingdom] after Brexit,” Mr Zakariya said. “This is where an opportunity for […]

ISLAMABAD: The Ministry of Finance has come up with a detailed report explaining that macro adjustment policies adopted in the outgoing fiscal year resulting in stronger growth in multiple sectors. The policies listed for monetary tightening, exchange rate adjustments and cuts in development spending have started paying the desired results with stability and growing strength […]

LAHORE: The World Bank has pressed the government to immediately resolve the issue of land acquisition for the Dasu hydropower project (Stage-1) with a warning that further delay will not only increase its cost but also delay the addition of much-needed cleaner and cheaper energy to the national grid. Following the warning, the Executive Committee […]

The chairman of the MCC Resources Development Company (MRDL), which is executing the Saindak Copper-Gold Project, has warned that the project will be closed in 2021 if the Balochistan government does not issue exploration licence for East Ore Body development, which is included in the mining lease of the Saindak Metal Limited (SML). On the […]

Pakistan was listed among the World Bank’s list of ‘Top-20 improvers in Doing Business 2020’, it emerged on Friday. According to the World Bank, Pakistan has improved in six areas measured by ‘Doing Business’, which are: starting a business, dealing with construction permits, getting electricity, registering property, paying taxes and trading across borders. The World Bank’s Doing […]

KARACHI: Honda Atlas Cars Ltd (HACL) has reduced working days to 11 in September due to rising unsold stocks and depressed demand. The working days were 13 in August and 20 in July. However, the situation at Pak Suzuki Motor Company Ltd (PSMCL) is less critical. So far PSMCL had not observed any ‘non production […]

ISLAMABAD: Singapore-based firm Trafigura on Thursday signed an agreement with Universal Gas Distribution Company (UGDC) for utilisation of its surplus capacity at the Pakistan Gas Port Limited (PGPL) terminal for supply of liquefied natural gas (LNG) to the transport sector. Trafigura, a commodity multinational, had five per cent equity participation in the terminal and acquired […]