Cannot take action against K-Electric’s irregularities: Asif

ISLAMABAD - Minister for Water and Power Khawaja Asif on Thursday said that despite providing benefits to Karachi Electric Supply Company, his hands were tied to take any action against the over billing and other alleged irregularities of Karachi Electric Supply Company.We (Federal Government) are ...

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    KARACHI - Stocks showed sharp recovery after IMF approval on disbursement of $1.1b loan to Pakistan under extended fund facility on satisfactory economic performance and PTI decision to end country wide protests.Oil stocks led the rally followed by selected scrips across the board after WTI crude ...

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  • Rupee takes strength against dollar

    , By Our Staff Reporter

    KARACHI - Rupee took strength against dollar in money market on Thursday, it was traded lowest rate of Rs 100.55 in cash free market. According to data provided by the Forex Association of Pakistan, dollar traded at minimum rate of Rs 100.55 and maximum rate of Rs 100.75 in cash free market while ...

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  • Campaign for ‘persons with rights disability’

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  • NBP signs MoU with China UPI for bank’s alternative delivery ...

    , By Staff Reporter

    KARACHI - National Bank of Pakistan (NBP) has signed a memorandum of understanding (MoU) with a Chinese company China UnionPay International (UPI) here on Wednesday to explore innovative and profitable alternate delivery products for NBP’s valued customers. UPI is a bankcard association ...

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  • ZIC launches motor cycle engine oil

    LAHORE (PR): Hi-Tech Lubricants LTD- ZIC organized a Grand Event for the launch of new packaging of ZIC motor cycle engine oil. The new ZIC MCO bottle is ergonomically designed for easy usage and handling that minimizes wastage. Ergonomic Designs worldwide ensure functional and user-friendly ...

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  • Mobilink holds largest blood collection drive

    , By Our Staff Reporter

    ISLAMABAD - Mobilink Foundation has organised Pakistan’s largest corporate blood collection drive. The nationwide blood donation drive organised by Mobilink’s CSR team in collaboration with Sundus Foundation and The Indus Hospital, resulted in collection of over 1100 pints of blood over ...

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  • PPL announces fifth discovery in Gambat South

    , By APP

    KARACHI - Pakistan Petroleum Limited (PPL), the operator of Gambat South Block with 65 percent working interest (WI) along with its joint venture partners Government Holdings (Private) Limited and Asia Resources Oil Limited with 25 percent and 10 percent WI, respectively, made another gas and ...

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  • Governor to open 7th Engg Convention

    , By Staff Reporter

    LAHORE - Punjab Governor Ch Muhammad Sarwar will open the 7th International Engineering Convention on December 23 (Tuesday) in Lahore. The two-day International Civil Engineering Congress is being organized by the Institution of Engineers Pakistan for the first time in Lahore on Dec 23-24. The IEP ...

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  • K-Electric-Engro accord for LNG power generation

    KARACHI (PR): K-Electric Limited in its press statement is pleased to announce the signing of two separate MoUs with Engro with the objective of increasing power supply to the city and it’s adjoining areas using LNG as fuel for new generation. Introduction of LNG in the fuel mix is part of ...

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  • FPCCI president urges unity for country

    , By Our Staff Reporter

    KARACHI - President of Federation of Pakistan Chambers of Commerce & Industry (FPCCI) Zakaria Usman has warmly congratulated all the political leaders of Pakistan who are trying to defuse the political tension. He further said that the incident of Army Public School, Peshawar has opened the ...

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  • NAB asked to recover power dues despite previous failure

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  • RCCI to hold two single country expos in Kabul

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    RAWALPINDI - The Rawalpindi Chamber of Commerce and Industry (RCCI) would organise two single country exhibitions in Afghanistan in April 2015. According to schedule, the first (3rd Made in Pakistan Expo) would be held in Afghan capital Kabul from April 15 to 17, 2015 while the 1st Made in Pakistan ...

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  • LCCI demands early refund of ST, IT claims

    , By Our Staff Reporter

    LAHORE - Lahore Chamber of Commerce and Industry on Thursday demanded of the Chairman Federal Board of Revenue (FBR) to expedite stuck-up Sales Tax and Income Tax refund claims.In a statement issued here, LCCI President Ijaz A. Mumtaz said the Federal Board of Revenue is hampering the growth of the ...

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  • PTA far special electricity tariff for exporting industries

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    KARACHI - The Acting Chairman Pakistan Tanners Association (SZ) Amir Majeed has demanded a special electricity tariff for exporting industries in order to intact Pakistan’s share in export markets.In a statement, Amir said that the export-oriented industries of the country are facing an ...

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  • Approving $1.1b, IMF gives new targets to govt

    , By Imran Ali Kundi

    ISLAMABAD - While approving much-needed $1.1 billion for Pakistan, the International Monetary Fund (IMF) has also raised plethora of directions including increasing revenue, allowing greater exchange rate flexibility and implementation of gas price rationalisation.The IMF’s Executive Board on ...

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  • Neelum Jehlum, Bhasha Dam in limbo

    , By Atif Khan

    ISLAMABAD - Despite government’s ambitions to construct new electricity generation projects, the two major hydel schemes are in doldrums due to insufficient financing.969MW Neelum Jehlum project is facing acute shortage of funds. “We have been managing the finances somehow up till now, ...

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  • Marketing firms raise LPG rate for 3rd time in a week

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    LAHORE - LPG Marketing Companies have increased the rate of LPG for third time by Rs5 per kg in just one week, enhancing over all prices by Rs45 per kg in seven days without any official notification while the international rate are constantly going down.After increase, LPG was being sold at 130 ...

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  • Only strict punishments can curb terrorism

    , By Staff Reporter

    LAHORE - To curb the menace of terrorism there is a dire need to implement Islamic punishments. It was stated by Shah Faisal Afridi, President Pak-China Joint Chamber of commerce and Industry while hailing the revival of death punishment for terrorists by the government. He expressed extreme ...

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  • Five illegal gateway exchanges unearthed

    , By APP

    LAHORE - Federal Investigation Agency and Pakistan Telecommunication Authority team unearthed five illegal gateway exchanges and booked two persons. According to  Federal Investigation Agency spokesman,  Federal Investigation Agency and Pakistan Telecommunication Authority team conducted ...

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  • Condolence reference

    , By Staff Reporter

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  • LSE’s corporate briefing

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    LAHORE - A corporate briefing program was arranged at Lahore Stock Exchange  (“LSE”) by First Capital Investments Limited, an Asset Management Company (“FCIL”), on its fund under management i.e. First Capital Mutual Fund (“FCMF”).  FCMF is an equity ...

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  • POL prices to be reduced by Rs 12

    , By Online

    ISLAMABAD - New year is coming with relief for poor masses as petroleum prices sliding more down in coming month. According to sources, the government has decided to reduce petroleum prices by Rs12 per litre from January 1. Petrol price is expected to be cut by Rs10.15, high speed diesel Rs6, high ...

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  • Agri credit disbursement surges to Rs167.6b in five months

    , By Our Staff Reporter

    KARACHI - During fiscal year FY15 (Jul-Nov 2014) the banks have disbursed Rs 167.6 billion which is 33.5pc of the overall annual target of Rs500 billion and 42.7pc higher than disbursement of Rs117.4 billion made during the corresponding period last year. The outstanding portfolio of agri. loans ...

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