KARACHI: Lotte Chemical Pakistan has announced a net profit of Rs962.86 million, translating into the earnings per share (EPS) of 64 paisas for the quarter ended June 30, 2021, compared with the profit of Rs20.2 million and the EPS of one paisa in the same quarter last year. “Lotte’s earnings are slightly lower than our … Read more
KARACHI: The International Packaging Films Limited (Ipak) will raise Rs2.159 billion through an initial public offering (IPO) on the Pakistan Stock Exchange (PSX), as the company is in the process of three production facilities at the Quaid-e-Azam Business Park Special Economic Zone. Ipak plans to sell Rs63.5 million, constituting 14.99 per cent of the total … Read more
KARACHI: The Sindh government on Friday announced to close schools for another week and resume classes from August 30. Sindh Chief Minister Murad Ali Shah, in a press conference said that the schools in the province will remain shut in the coming week. The chief minister said reopening of schools is being delayed so that … Read more
Prime Minister Imran Khan chaired a meeting on steps to be taken for the evacuation of foreign journalists in Afghanistan. The meeting was attended by Information Minister Chaudhry Fawad Hussain, Minister of State for Information Farrukh Habib, Information Secretary and other senior officials. The Information Minister briefed the Prime Minister on the steps taken by … Read more
ISLAMABAD: Prime Minister Imran Khan will announce expansion of “Ehsaas Koi Bhooka Na Soye” initiative to three more cities, Multan, Gujranwala and Lahore, with an aim to eliminate hunger from the country. The initiative is about distributing cooked meals at designated delivery points to the people in need, especially labourers, daily wage earners, women and … Read more
KHAIRPUR: A man forcibly married a 12-year-old girl in Khairpur after her father failed to pay the debt on time. According to reports, the incident occurred in the Ahmedpur area of Sindh’s Khairpur district, where a man failed to repay a Rs.20,000 loan. Due to nonpayment, the principal amount grew to Rs150,000, and the accused … Read more
About two dozen US diplomats in Afghanistan sent an internal cable last month warning Secretary of State Antony Blinken of the potential fall of Kabul to the Taliban as US troops withdrew from the country, The Wall Street Journal reported on Thursday. The newspaper said the confidential cable sent through a so-called dissent channel was … Read more
Hi KARACHI: The Universal Self-Assessment Scheme (USAS) has been reintroduced to facilitate taxpayers and end harassment by taxmen, a senior government official said on Friday. Addressing the members of the Overseas Investors Chamber of Commerce and Industry (OICCI) during his visit to Karachi Finance Minister Shaukat Tarin said: “[The] Federal Board of Revenue (FBR) has … Read more
KARACHI: The country’s overall power generation surged 6.6 per cent to 15,680GWh (21,076MW) during July 2021, compared with 14,711GWh (19,773MW) during July 2020, official data suggests on Friday. “The rise in generation is witnessed due to higher generation of nuclear, furnace oil, regasified liquefied natural gas (RLNG), wind, HSD and bagasse,” an analyst at Arif … Read more
LAHORE: The Pakistan Peoples’ Party (PPP) on Friday demanded the federal government to present the three-year performance of the PTI-led government before the masses. PPP vice president and parliamentary leader in the Senate Sherry Rehman said that the PTI had promised to eradicate corruption and bring revolution in three months. “Today after three years, why … Read more
KARACHI: The Apex Committee for Student Loan Scheme having representation from the State Bank of Pakistan, Finance Division and five major banks National Bank of Pakistan (NBP), Habib Bank Limited (HBL), United Bank Limited (UBL), Allied Bank Limited (ABL) and MCB Bank Limited have approved Rs82.6 million as interest-free loans to deserving students for their … Read more
The national flag carrier with the support of the Pakistan embassy Kabul and local authorities brought back another 350 passengers from Kabul to Islamabad on Friday. According to the available details, around 350 passengers including foreigners and local Afghans attached with the World Bank and other international organisations, Afghan Wireless communication, Vimco Imtiaz construction company, … Read more
Foreign Minister Shah Mahmood Qureshi on Friday said Pakistan was committed to making efforts towards improvement of the situation in Afghanistan and urged the neighboring countries to sit together on the issue. In a statement, the foreign minister said his upcoming visit to the neighboring states over the next few days aimed at working out … Read more
ISLAMABAD: The Asian Development Bank (ADB) has approved a $235 million loan to further upgrade a national highway in Pakistan, crucial to regional connectivity and strengthening the government’s operation and maintenance of the national highways network. The project will expand the 222km Shikarpur–Rajanpur section of the National Highway 55 (N55) from two lanes into a … Read more
NINGXIA: The Special Economic Zones (SEZs) under the China-Pakistan Economic Corridor (CPEC) are not limited to the Chinese enterprises alone and all the industrial corporation ventures under the CPEC are open to third-country participation, as well. “We look forward to your high-quality investments in Pakistan, while enhancing B2B and P2P cooperation,” Fareena Mazhar, secretary of the … Read more
ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin has urged the Zarai Tarraqiati Bank (ZTBL) to adopt prudent lending, stringent accounting controls, innovative banking solutions and austerity measures for a long-term turnaround, a statement issued by the Finance Ministry said. Talking to ZTBL president Shahbaz Jameel, who called on him, the minister said the … Read more
KARACHI: The country’s overall power generation surged 6.6 per cent to 15,680GWh (21,076MW) during July 2021, compared with 14,711GWh (19,773MW) during July 2020, official data suggests on Friday. “The rise in generation is witnessed due to higher generation of nuclear, furnace oil, regasified liquefied natural gas (RLNG), wind, HSD and bagasse,” an analyst at Arif … Read more
ISLAMABAD: There are vast opportunities for mutual trade and investment between Pakistan and Italy from which the businessmen and traders of both the countries can reap the benefits, a diplomat said. Speaking at a dinner, he hosted for senior business leaders and presidents of different chambers of the country at his residence, Italian Ambassador to … Read more
