Oil prices rise as Arab states cut ties with Qatar

Oil prices rise as Arab states cut ties with Qatar
Pakistan Oil Prices News NEW YORK: Oil rose on Monday after top crude exporter Saudi Arabia and other Arab states cut ties with Qatar, driving up prices on concerns over increased tension in the Middle East. Saudi Arabia, the United Arab Emirates, Egypt and Bahrain closed transport links with top liquefied natural gas (LNG) and condensate shipper Qatar, accusing it... Read More

Proposed tax measures to help achieve higher economic growth: Dar

Proposed tax measures to help achieve higher economic growth: Dar
ISLAMABAD: Finance Minister Muhammad Ishaq Dar has expressed the confidence that the measures announced in the budget will enhance the welfare and prosperity of the general public. Presiding over a meeting in Islamabad on Friday, he said that the tax measures proposed in the budget for the next fiscal year will enable Pakistan to achieve higher, sustainable and inclusive economic... Read More

SECP registered record 926 companies in a month in May

SECP registered record 926 companies in a month in May
ISLAMABAD:  The Securities and Exchange Commission of Pakistan (SECP) registered the highest number of 926 new companies, in May, so far. This is an increase of 44 percent as compared to same month of preceding year. During the first eleven months of current fiscal year (2016-17) SECP registered 7,688 new companies. As compared to the corresponding period last year, it... Read More

Second phase of 660MW Sahiwal coal power project becomes operational

Second phase of 660MW Sahiwal coal power project becomes operational
SAHIWAL: The second unit of the Sahiwal Coal Power Project has become operational on Friday with full capacity of 660 megawatts, Business92 reported. “The project has started running on its full capacity (660 megawatts) during trial run and countdown for 168-hour testing has now begun,” CM Punjab Shehbaz Sharif tweeted. He said that with the commencement of second power unit, the Sahiwal... Read More

LSM registers impressive 5.1 percent growth in 9 months

LSM registers impressive 5.1 percent growth in 9 months
ISLAMABAD: Large Scale Manufacturing (LSM) in the country has witnessed an impressive 5.1 percent growth during first three quarters of current fiscal year as compared to 4.6 percent in same period last year. The Year on Year, LSM recorded significant growth of 10.5 percent in March 2017 as compared to 7.6 percent of March 2016. Official statistics showed that manufacturing... Read More

Exports drop 2.29 percent, imports up 20 percent in 10 months

Exports drop 2.29 percent, imports up 20 percent in 10 months
ISLAMABAD: The country’s overall merchandise exports witnessed decline of 2.29 percent during the first ten months of the year as compared to the same period of last year, Pakistan Bureau of Statistics (PBS) showed. The merchandise exports during the current fiscal year were recorded at $16.918 billion as compared to the exports of $17.314 billion last year. During the period... Read More

Tax cut, import duties must to save home appliances industry: Najam

Tax cut, import duties must to save home appliances industry: Najam
Pakistan Home Appliances Industries Chief Executive Najam-ul-Hasan ASAD BAIG (Special Correspondent) GUJRANWALA: “The government must rein in the floodgates of finished products being imported from China so that the domestic industry could flourish and the manufacturers could compete in the local market.” This was said by Najam-ul-Hasan, Chief Executive Welcome Home Appliances Industries while talking exclusively to Business92. He said... Read More

India’s economic growth slows to lowest in more than 2 years

India’s economic growth slows to lowest in more than 2 years
NEW DELHI: India’s economic growth unexpectedly slowed to its lowest in more than two years, dragged down by construction, manufacturing and trade services, and stripping the country of its status as the world’s fastest growing major economy. Annual gross domestic product (GDP) growth for the January-March period came in at 6.1 percent, compared with a provisional 7.0 percent in the... Read More

POL prices cut up to Rs1.60 a litre

POL prices cut up to Rs1.60 a litre
Petrol Rate Today ISLAMABAD: The government has slashed petroleum products prices by Rs1.60 a litre for the next fortnight, Business92 reported. Finance Minister Ishaq Dar has said that consumers of petrol and diesel will now get relief after cut in petrol and diesel for next fortnight. According to Finance Minsiter Ishaq Dar, government has reduced petrol price by Rs1.23 per liter... Read More

Bilawal holds federal govt responsible for power crisis

Bilawal holds federal govt responsible for power crisis
KARACHI: Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari has termed the present government responsible of power crisis, which gripped the country for several years. Addressing the inaugural ceremony of power plant at Nooriabad Bilawal said that when people of Sindh staged protest over long load shedding the power minister called them thief. He added that the Nooriabad power project... Read More
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