Lahore : Federal Minister for National Food Security and Research Sikandar Hayat Bosan on Monday ruled out any issue of food security, citing that Pakistan has surplus stocks of wheat, rice, corn, sugar and other commodities. Talking to the media after having a meeting with All Pakistan Textile Mills Association (APTMA) President (Punjab) Aamir Fayyaz and ... Read More »
Category Archives: Business
Feed SubscriptionCEO Pakistan Railways awards Rs 5000 for averting Trains clash
Lahore : Chief Executive Officer Pakistan Railways Javaid Anwar has announced an awards Rs 5000 to a gangman Noor Muhammad who had averted a clash of Trains in Multan Division. The gangman Noor Muhammad while on duty found the main track broken and informed the authorities about it. The administration immediately ... Read More »
Finance Minister Announce New Petroleum Prices with Effect From 1st January 2017
Lahore : Finance Minister Senator Ishaq Dar announced today the Government’s policy regarding petroleum products prices for the month of January 2017. He said that Ministry of Petroleum & Natural Resources and OGRA have recommended an increase in prices from 1st January 2017 by 0.5% in MS 92 RON Petrol, ... Read More »
The regulators leave masses on the mercy of investors
Lahore : The Pakistan Economy Watch (PEW) on Tuesday said government decision to leave five regulators important will have an impact on the reputation of the country. The decision to bring five key regulatory bodies under concerned ministries will raise questions about transparency, hit the image of the country internationally ... Read More »
Pakistan Stock Exchange ranked 5th best performing stock market in the world
Lahore : Pakistan Stock Exchange (KSE- 100 Index) has been ranked 5th best performing stock market in the world in the year 2016, by Bloomberg. With Karachi 100 Index gaining 43.05%, Pakistan remained the 5th best performing stock market in 2016, after Brazil IBOVESPA Index (63.36%), Kazakhstan KASE Stock Ex (59.95%), S&P/BVL Peru ... Read More »
NBP Rules out reports of Rs. 1.5 Billion fraud at the bank
Lahore : National Bank of Pakistan firmly denies the media reports have implied that a fraud of Rupees 1.5 billion was committed at National Bank of Pakistan . A NBP spokesman said in a statement that in some media reports it is also implied that National Bank of Pakistan has ... Read More »
Gas is the cheapest source for the power generation : Shahid Khaqan Abbasi
Lahore : Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi has said that the world has entered into a golden age of gas which has emerged as the most import fuel and Pakistan’s future is also linked to the gas. Now gas is the cheapest source for the ... Read More »
PCCI demands steps to boost worker remittances
Lahore : The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Thursday said country is paying half of the import bill through remittances therefore this sector should be given extra attention. Overseas remittances play a very important role in boosting forex reserve and balancing trade deficit therefore steps ... Read More »
APCNGA lauds Govt decision to deregulate CNG prices
Lahore : The All Pakistan CNG Association (APCNGA) has lauded the decision of the government to deregulate prices of compressed natural gas (CNG) countrywide terming it a great step which will revive the Rs 450 billion industry. The government recently approved the deregulation of CNG prices for Sindh and KP ... Read More »
PIA to resume flight operation to Gilgit
Lahore : On the directions of Government of Pakistan, PIA has obtained the services of a C-130 aircraft from Pakistan Air Force for resumption of flights to Gilgit. PK-605 would operate at 11am instead of 7am tomorrow. Passengers are requested to reach airport accordingly. Read More »