Category: Business

Business news from Pakistan

Committee constituted to address Chinese IPPs’ concerns

Federal Minister for Finance and Revenue, Miftah Ismail presiding over a meeting on the issue of payments to Chinese IPPs.

ISLAMABAD, Sep 9 (APP):Federal Minister for Finance and Revenue, Miftah Ismail here on Friday formed a committee to hold meetings with Chinese Independent Power Producers (IPPS) on regular basis to address and resolve their concerns.       The committee would comprise representatives from Finance, Power Divisions and China Pakistan Economic Corridor (CPEC), according to press statement… Continue reading Committee constituted to address Chinese IPPs’ concerns

ZTBL contributes 10 percent of its net income to flood victims

ISLAMABAD, Sep 9 (APP): The Zarai Taraqiati Bank Limited (ZTBL) on Friday contributed 10 percent of its net profit for the rehabilitation of flood victims as the bank registered Rs 514 million after tax profit. President ZTBL Muhammad Shahbaz Jameel handed over the cheque to Finance Minister Miftah Ismail and further assured extending all possible… Continue reading ZTBL contributes 10 percent of its net income to flood victims

CSAIL launches report on Pakistan’s power industry

ISLAMABAD, Sep 8 (APP):China Three Gorges South Asia Investment Ltd (CSAIL) Thursday launched a report titled “Overview of Pakistan’s Power Sector and its Future Outlook” that summarizes the precious practical and theoretical achievements in the construction of China Pakistan Economic Corridor (CPEC) Power Projects and looks forward to the future development direction of the industry.… Continue reading CSAIL launches report on Pakistan’s power industry

Pak exports to be increased by $ 100b soon: Ahsan Iqbal

ISLAMABAD, Sep 08 (APP):Minister for Planning, Development and Special Initiatives Professor Ahsan Iqbal on Thursday said the incumbent government is committed to exceed Pakistan’s exports by $100b dollars soon and urged the country’s chambers of commerce industries to play their role in expanding exports. The Minister made these remarks while chairing a meeting for the… Continue reading Pak exports to be increased by $ 100b soon: Ahsan Iqbal

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PSX gains 58.74 points

ISLAMABAD, Sep 8 (APP):The 100-index of the Pakistan Stock Exchange (PSX) turned around on Thursday to bullish trend, gaining 58.74 points, a positive change of 0.14 percent, closing at 41,824.79 against 41,766.05 points on the last working day. A total of 108,704,671 shares were traded during the day compared to 92,938,446 shares the previous day,… Continue reading PSX gains 58.74 points

ECC approves flood-relief funds, gives go ahead for fertilizer import

Federal Minister for Finance and Revenue, Miftah Ismail presiding over the meeting of the Economic Coordination Committee (ECC)

ISLAMABAD, Sep 8 (APP):The Economic Coordination Committee (ECC) of the Cabinet here on Thursday approved funds for relief and rescue of flood-affected people and also gave go ahead to Trading Corporation of Pakistan (TCP) for Urea fertilizer imports. According to press statement issued by the finance ministry, Federal Minister for Finance and Revenue, Miftah Ismail… Continue reading ECC approves flood-relief funds, gives go ahead for fertilizer import

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