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Tajikistan and Kyrgyzstan will supply 1000 MW of electricity to Pakistan during the summer season

Lahore: Prime Minister Muhammad Nawaz Sharif will visit Tajikistan on May 11-12 to attend the launching ceremony of CASA-1000 power project.pda The Foreign Office on Tuesday said the visit was taking place at the invitation of President of Tajikistan Emomali Rahmon. The Prime Minister will be accompanied by Khawaja Muhammad ... Read More »

Nation needs service of PM Nawaz Sharif : Khalid Mehmood Butt

Lahore: PML-N leader and member of Cantonment Board Chaklala Khalid Mehmood Butt on Sunday said that increased protest against Prime Minister Nawaz Sharif is against the national interests. Opposition continue to damage developmental agenda of the government for petty gains, he lamented. Speaking at Pakistan Economy Watch forum, he said that ... Read More »

Budget 2016-17 would be announced on 3rd of June: Ishaq Dar

Lahore: Finance Minister Ishaq Dar says Federal Budget for the next financial year would be announced on 3rd of next month. In an interview with a private television channel, he said that the TORs prepared by the opposition are just a charge sheet,the Prime Minister and his family members would present ... Read More »

GB hydro power potential can change the fate of Pakistan: FPCCI

Lahore: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Saturday said hydro power potential of Gilgit-Baltistan (GB) can change the fate of country by resolving energy crisis with its capacity estimated to be fifty thousand megawatt. Thermal energy is costly while hydel power offer cheapest source of ... Read More »

Punjab Seed Council approves 10 new varieties for general cultivation

Lahore: Punjab Seed Council has approved 10 new Bt and 2 Non-Bt cotton varieties for general cultivation in Punjab. The approved Bt varieties of cotton are FH Lalazaar, MNH-988, BH-184, VH-305, AGC-777, CEMB-33, BS-52, IUB-13, MM-58 and Leader-1and Non-Bt varieties are CYTO-124 and NIAB-2008. The approval of other 5 cotton ... Read More »

UBG asks Government to reduce tax rate to boost earnings

Lahore: The United Business Group (UBG) of FPCCI on Monday asked the government to reduce tax rate in the upcoming budget to boost its income and restore the confidence of the business community. It called upon the government to waive all taxes on establishment of new industries which will help ... Read More »

PEW criticises government for preferring symbolic schemes

Lahore: The Pakistan Economy Watch on Sunday criticised government for preferring symbolic schemes over projects to contain energy scarcity terming it against the national interests. Gas Infrastructure Development Cess (GIDC) was imposed to finance gas import projects despite resistance by consumers but it was misused to finance Metro and Orange ... Read More »

Media trial over Panama papers criticised: Mian Shahid

Lahore: Chairman of the United International Group Mian Shahid on Sunday said media trial of national leaders in presence of accountability mechanism and a judicial commission is unfortunate. Unnecessary political struggle over the issue of Panama Leaks is damaging the economy and eroding the confidence of investors which country cannot ... Read More »

Shahid Rasheed Butt lauds government efforts to overcome energy crisis

Lahore: Patron Islamabad Chamber of Small Traders Shahid Rasheed Butt on Sunday called for renewed efforts to generate electricity which is tied to economic revival and poverty reduction. Government is seriously pursuing agenda to overcome energy crisis but the pace of work on critical power generation projects should be increased, ... Read More »

Byco Petroleum Pakistan Limited announced financial results

Lahore: Byco Petroleum Pakistan Limited announced financial results for nine months ending 31st March 2016 of its financial year 2015-16. The Company posted Net Sales of Rs. 54 Billion that resulted in an Operating Profit of Rs. 2.13 Billion. Byco Petroleum Pakistan Limited managed to recover with the return of ... Read More »

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