Second LNG terminal project in jeopardy
ISLAMABAD: The plan to build a second liquefied natural gas (LNG) terminal has run aground in the wake of another controversy that erupted soon after two board members of Government Holdings Private...
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Boosting production: K-Electric signs deal for coal-fired power plant
KARACHI: K-Electric Limited (KEL) has entered into a binding tripartite deal, ‘Joint Development Agreement, with the China Datang Overseas Investment Company (CDTO) and China Machinery Company (CMEC),...
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Monetary policy: Latest cut to leave dent on banks’ profitability
KARACHI: The latest cut in the policy rate announced by the central bank last Saturday is going to have a negative impact on banks’ profitability, analysts say. The net interest margins (NIMs) of...
View ArticleCome and invest in Pakistan, Dar says
ISLAMABAD: Pakistan Muslim League-Nawaz (PML-N) government believes in good governance, transparency and zero tolerance towards corruption, said Federal Minister for Finance Ishaq Dar during a contract...
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Market watch: Rate cut fails to excite investors
KARACHI: Investors chose to stay on the sidelines despite a rate cut in the monetary policy, with rumours of a few brokers being investigated casting a shadow over trading activity. After a positive...
View ArticleTrade tactic: Pakistan’s carpet sector aims for ‘soft image’
LAHORE: The Pakistan Carpet Manufacturers and Exporters Association (PCMEA) has asked the government to focus on building a soft image in the global market, in a bid to attract international investors....
View ArticleChina visit: Dastgir to seek more concessions on exports
ISLAMABAD: During his five-day visit to China, Commerce Minister Khurram Dastgir will seek more tariff concessions from Chinese authorities on Pakistani exports under the China-Pakistan Free Trade...
View ArticleRussian ties: Pushing for food exports in Moscow
ISLAMABAD: A 20-member delegation of Trade Development Authority of Pakistan (TDAP) has left for Russia to explore opportunities between the two countries. The delegation was organised as per Finance...
View ArticleStable outlook: Fitch assigns ‘B’ as Pakistan presses on with reforms
KARACHI: Fitch Ratings has assigned Pakistan a long-term foreign and local currency issuer default rating of ‘B’ with a stable outlook, which comes on the back of economic stabilisation measures and...
View ArticleFarmers divided over ‘agricultural relief’
LAHORE: While the government quarters seemed pleased with announcing a relief package for farmers, in lieu of the slump in commodity prices, different farmer groups were still displeased. Prime...
View ArticleSolar water heater doing the trick in K-P
NATHIAGALI: For the past year, a steady stream of villagers has been visiting Muhammad Naeem’s home in this quaint mountain town in Pakistan’s northwestern Khyber-Pakhtunkhwa province. They come for...
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Cheap oil not a deterrent to wind energy solutions
KARACHI: Cheap oil, which is no longer an expensive concern for electricity producers, is unlikely to derail Pakistan’s effort to increase share of alternative power in its fossil fuel-heavy energy...
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Market watch: Foreigners become buyers, index still down
KARACHI: Trading activity continued to remain lacklustre with the index closing negative for the fourth successive session as investors continued to exercise caution. At close on Tuesday, the Karachi...
View ArticleCorporate corner: Launch of Yamaha YBR125-G
Within four months of the opening of their new factory and roll-out of its first model YBR-125, Yamaha Motor Pakistan launched their second Model YBR-125-G, targeting bike lovers who love to go have...
View ArticleTextile sector dreading gas suspension
FAISALABAD: The Pakistan Textile Exporters Association (PTEA) has expressed its dismay at the authorities’ decision to suspend gas in winter for industries and termed the decision unilateral. The...
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Pakistan receives $119.3 million in FDI, higher by 7.5%
KARACHI: Pakistan received foreign direct investment (FDI) of $119.3 million in the first two months of 2015-16, which is 7.5% higher than the FDI received in the same period of the preceding fiscal...
View ArticleEntrepreneurial move: MoU signed for start-up centres
ISLAMABAD: The Higher Education Commission (HEC), nine public sector universities and the Promotion of Education in Pakistan (PEP) Foundation on Tuesday signed a memorandum of understanding to set up...
View ArticleMullah Omar’s family declares allegiance to new Taliban chief
ISLAMABAD: The son and brother of deceased Afghan Taliban chief Mullah Omar have pledged allegiance to the group’s new chief Mullah Akthar Mansoor. Last month, soon after Mullah Mansoor had been...
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Consumer-end: OGRA close to determining LNG price
KARACHI: The Oil and Gas Regulatory Authority (Ogra) is close to determining the consumer-end price of liquefied natural gas (LNG), which would be a breakthrough in easing constraints over Pakistan’s...
View ArticlePerformance review: Eight out of 10 PIA flights take off on time, claims CAA...
ISLAMABAD: With an enhanced fleet, Pakistan International Airlines (PIA) has achieved benchmark of overall 82% ‘on- time’ departure, meaning eight out of every 10 flights have been taking off on time....
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