Business

Pakistan needs to cut down its $50b trade deficit: Minister

Pakistan needs to cut down its $50b trade deficit: Minister

Federal Minister for Food Security Rana Tanveer Hussain on Friday said that Pakistan has to enhance its exports and decrease…
Banks issued Rs1.5 trillion loans to private sector: PBA

Banks issued Rs1.5 trillion loans to private sector: PBA

The Pakistan Banks Association (PBA) has said that the banking sector has made a robust contribution to Pakistan’s ongoing economic…
Lesco starts buying old static meters instead of AMI smart meters again

Lesco starts buying old static meters instead of AMI smart meters again

Lahore Electric Supply Company (Lesco) has once again started the process of purchasing old “static meters” instead of implementing AMI…
Gold, silver, platinum hit record highs

Gold, silver, platinum hit record highs

Gold, silver, and platinum hit record highs on Friday, as speculative momentum and thinning year-end liquidity powered the precious metals,…
Pakistan signs $730 million projects with Asian Development Bank to boost power and SOE reforms

Pakistan signs $730 million projects with Asian Development Bank to boost power and SOE reforms

ISLAMABAD: The federal government of Pakistan has signed two key projects worth $730 million with the Asian Development Bank (ADB),…
Fauji Fertilizer Company joins Arif Habib consortium following PIA auction success

Fauji Fertilizer Company joins Arif Habib consortium following PIA auction success

Fauji Fertilizer Company (FFC) has officially become part of the Arif Habib Consortium, which has acquired the 75 percent shares…
Govt considers shift to net billing for rooftop solar to ease power sector losses

Govt considers shift to net billing for rooftop solar to ease power sector losses

ISLAMABAD: The government is considering replacing its net metering policy for rooftop solar with a net billing mechanism for solar…
Gohar Ejaz says PIA privatisation will restore national airline’s prestige

Gohar Ejaz says PIA privatisation will restore national airline’s prestige

Former caretaker federal minister Gohar Ejaz on Thursday welcomed the successful bid for the privatisation of Pakistan International Airlines (PIA),…
Karachi commissioner notifies new sugar price

Karachi commissioner notifies new sugar price

Karachi commissioner has fixed new official prices of sugar. As per the notification issued on Thursday, the wholesale price of…
PAA fails to deposit millions in airport tax, audit reveals

PAA fails to deposit millions in airport tax, audit reveals

An audit of the Pakistan Airports Authority (PAA) for the fiscal year 2024-25 has revealed that millions of rupees collected…
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