A group led by China’s state-backed E-Hualu Information Technology has won its CNY578 million (USD $83.6 million) bid to build… Read More
Hubco Completes Acquisition of 37 Percent Stakes of ThalNova Power
Hub Power Company (Hubco), the oldest independent power producer in Pakistan, has announced that it has completed the acquisition of… Read More
Khalid Siddiq Tirmizey Appointed as Acting President of Bank of Punjab
Khalid Siddiq Tirmizey, Deputy Chief Executive Officer at Bank of Punjab (BOP), has been appointed as the Acting President, with… Read More
A Rs. 12 Billion LNG Shipment Was Cancelled and No One Knows Why
Pakistan LNG Limited has canceled an important shipment of liquefied natural gas (LNG) that will cause a loss of Rs.12… Read More
Remittances to South Asia Set to Increase by 13% in 2018
Remittances to South Asia are projected to increase by 13.5 percent to $132 billion in 2018, a stronger pace than… Read More
IMF Still Wants the Govt to “Do More” for a Bailout Package
According to media reports, IMF is demanding further adjustments in the monetary policy, exchange rate and a 22% increase in… Read More
PPL Discovers Huge Reservoirs of Oil and Gas in Sindh
Pakistan Petroleum Limited (PPL) has announced two recent discoveries of hydrocarbons and gases in Sindh. It has discovered hydrocarbons at… Read More
Swiss Businessmen Keen to Invest in the Pakistani Market
Small and Medium Enterprises (SMEs) of Switzerland are keen to enter Pakistan’s market and explore potential opportunities, said Deputy Head… Read More
Govt Removes 14 Companies from Its Privatization List
According to an official press release, the government has removed 14 State-Owned Enterprises (SOEs), including Pakistan International Airlines, Pakistan Railways,… Read More
South Korean Investors Show Interest to Invest in Pakistan Railways
Federal Minister for Railways Sheikh Rasheed Ahmad, on Monday, invited a delegation from South Korea to seek business and investment… Read More
China’s Chemical Companies to Explore Investment Opportunities in Pakistan
A number of chemical companies have shown keen business and investment interest through the partnership with local industrialists in Pakistan. These… Read More
Bloodbath at PSX as Market Loses 1300 Points in First Few Hours
The capital market nosedived by over 1300 points as a hike in interest rate and economic uncertainty drove investor sentiment, leading… Read More
