Sulaiman Mehdi appointed chairman Pakistan Stock Exchange
KARACHI: A board meeting of Pakistan Stock Exchange (PSX) decided on Thursday to appoint Sulaiman S Mehdi as the new chairman of PSX.
After the removal of Hussain Lawai from the post, Sulaiman – chief...
ECC approves import of 100,000 tons of urea
ISLAMABAD: Economic Coordination Committee (ECC) at its meeting in Islamabad on Wednesday approved import of one hundred thousand tons of urea in order to meet the fertilizer requirements of the farmers.
The meeting chaired by...
OGRA slashes LPG price by Rs. 2 per kg for September
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Friday issued a price-revision notification of Liquified Petroleum Gas (LPG) for the month of September.
According to the notification the authority decreased the price of LPG...
Oil prices slide further in Asia
Singapore: Oil prices resumed their decline in Asia Monday as a global glut of crude supplies showed no signs of abating in the face of sluggish demand, analysts said. US benchmark West Texas Intermediate...
China looking to invest big in Pakistan for ‘Silk Road’ initiative
KARACHI: Chinese companies are in talks to snap up more businesses and land in Pakistan after sealing two major deals in recent months, a sign of deepening ties after Beijing vowed to plough $57...
PSDP includes Rs 4468 million allocation for DP Division
ISLAMABAD: The Public Sector Development Programme (PSDP) for 2017-18 released here on Friday carried allocation of Rs 4468 million for one each ongoing and new schemes under Defence Production Division.
An allocation of Rs 4318 have...
NEPRA announces cut in power tariff for one month
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Tuesday approved a reduction in tariff by Rs 4.11 for the month of March. NEPRA approved the cut in electric tariff only for one month....
Cement sales increase four percent in FY’s first four months
LAHORE: Cement sales in first four months of the Fiscal Year 2015-16 increased 4 percent taking the total to at least 11 million tons. All Pakistan Cement Manufacturers Association stated that local sales have...
US$ I bln non-convertible bond to be issued for expatriates
ISLAMABAD: Finance minister Ishaq Dar Friday, lauding the contributions made by expatriate Pakistanis, announced that the government wanted them to invest in the national infrastructure and in that connection, US$ 1 billion non-convertible bond...
Pakistan taking various initiatives to enhance trade with Iran: Dastgir
ISLAMABAD: Commerce Minister Khurram Dastgir says Pakistan is taking various initiatives to enhance trade with Iran after lifting of sanctions against Tehran. Chairing a meeting of State Bank and other scheduled banks in Islamabad...
