ISLAMABAD - Pakistan Electric Power Company (PEPCO) has established special monitoring cell headed by GM/chief engineer to execute the constraints removal by the DISCOs at the end of March 2018 enabling to enforce zero loadshedding on 0-10% losses feeders ...

See more

MORE IN Business

  • Cabinet body proposes ban on new cement plants in Punjab

    , By

    LAHORE - The Standing Committee of the cabinet on legislative business has recommended the inclusion of the cement industry in schedule-C of the industrial location policy 2002. Punjab Chief Minister Shehbaz Sharif has already approved the summary for the imposition of ban on installation of new cement plants in the entire province. It is pertinent to mention here that, the law secretary Syed ...

  • Value-added sector for abolishing duties, taxes on cotton yarn import

    , By

    KARACHI - Value-added textile export sector representative has urged the prime minister to abolish all duties and taxes on cotton yarn import, saying it would help earn much-needed foreign exchange for the country and reduce trade gap which reached $18 billion during July-Dec period of FY2017-18. Muhammad Jawed Bilwani, chairman Pakistan Apparel Forum and chief coordinator value-added textile ...

  • PSX extends gains in volatile session

    , By

    KARACHI - Pakistan Stock Exchange (PSX) extended gains on Thursday on the back of higher oil prices, with WTI trading at $64 per barrel (+50 cents). Resultantly, the benchmark 100-share index closed at 43,580.88 points, showing an increase of 222 points. Result of T-Bill auction raised hopes of rate hike as banks did not bid in 6 and 12 month T-Bill auction. The market steadily rose to 44,004 ...

  • Foreign reserves decline to $19.7 billion

    , By

    KARACHI - The total liquid foreign reserves held by the country stood at $19,771.5m on January 12, 2018. The weekly break-up of the foreign reserves position released on Thursday showed that foreign reserves held by the State Bank of Pakistan stood at $13,699m and net foreign reserves held by commercial banks are $6,072.5 million. During the week ending 12th January, SBP’s reserves ...

  • Punjab safest place for business: French envoy

    , By

    LAHORE - French Ambassador to Pakistan Dr Mark Barety has said that his first goal is to promote trade between the two countries, saying that he has evolved an action plan in this regard. He was talking to LCCI President Malik Tahir Javaid, Vice President Zeshan Khalil and Executive Committee members here at the Lahore Chamber of Commerce & Industry. Ijaz A. Mumtaz, Sohail Lashari, Amjad Ali ...

  • News Brief

    FPCCI to organise Punjab Business Symposium in Lahore LAHORE (Staff Reporter): The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is going to organise “Punjab Business Symposium” on January 23, 2018, at Lahore. The purpose of holding Business Symposium is to highlight business community concerns and opinions to the government by providing relevant suggestions to the ...

  • SSP group asked to bring investment projects to Pakistan

    , By

    ISLAMABAD -  Islamabad Chamber of Commerce and Industry (ICCI) President Sheikh Amir Waheed has called upon the Strategic Swiss Partners (SSP) group to bring business and investment projects to Pakistan as the country was emerging as a lucrative destination for business and investment. He was talking to Dato Ahmad Hisham Zainal, Partner Investments of Strategic Swiss Partners based in ...

  • CCP imposes Rs1m penalty on frozen foods company

    , By

    ISLAMABAD -  The Competition Commission of Pakistan (CCP) has passed an order imposing a penalty of Rs 1 million on a frozen foods company, Kitchen Stone Foods, for running a deceptive marketing campaign for its food products in violation of Section 10 of the Competition Act, 2010. Kitchen Stone Foods’ competitors, Seasons Foods and Quick Food Industries, complained to the CCP that it ...