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  • KARACHI: Governor Sindh, Muhammad Zubair receiving shield from CEO-SME Business Solution, Waliullah Khan, at Governor House, yesterday.

  • KARACHI: Group photo of President FPCCI Zubair Tufail with Shujaat Ali Baig, Dr. Murtaza Mughal, Director Sindh Information Akhter Suria, Syed Nasir Wajahat and other participants of 5th Public Relations Committee meeting held at Federation House, yesterday.

Abraaj to invest in Cinepax

CINEPAX PLANS TO DEVELOP 80 NEW SCREENS By Commerce Reporter KARACHI: The Abraaj Group yesterday announced an investment in Cinepax Ltd, one of the leading cinema operators in the country, but did not disclose the size of its investment. The investment, made through Abraaj’s fund, is expected to grow Cinepax’s …

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PSX drops 654 pts, close at 40,461 pts

AMID POLITICAL UNCERTAINTY By Commerce Reporter KARACHI: The Pakistan Stock Exchange continues its steep decline after a fall of over 1,200 points around 1pm yesterday, taking the KSE-100 index to below 40,000 points, but recovered in the 2nd half closing at 40,461 points. The market lost 654 points yesterday. On …

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Pakistan, Vietnam agree to promote trade cooperation

ISLAMABAD: Pakistan and Vietnam agreed to initiate steps to enhance bilateral trade and economic cooperation in Agriculture, Information Technology, Education, Health, Investment, Banking and Industrial Sectors. The consensus for promoting trade and economic relations was developed during the 4th session of Pakistan-Vietnam Joint Ministerial Commission (JM) which was held here. …

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Tea imports grew by 2.36pc in two-month

ISLAMABAD: Tea worth $96.419 million was imported into the country during first two-month of current financial year as compared the imports of the corresponding period of last year. Tea import into the country during July-August, 2017-18 increased by 2.36 percent as compared the imports of the same period of last …

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OGDCL, PSO sign deal for 30mln litres supply of diesel

OGDCL

From Our Correspondent ISLAMABAD: Oil & Gas Development Company Limited (OGDCL) being the largest Exploration & Production Company of Pakistan in public sector has inked an agreement with Pakistan State Oil (PSO) for Supply of 25 to 30 million liters annually High Speed Diesel (HSD) to meet its operational requirements …

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TPL Life, U Microfinance Bank form strategic alliance

By Commerce Reporter KARACHI: TPL Life and U Microfinance Bank Ltd. (U Bank) have signed an agreement whereby TPL Life’s innovative life insurance and health insurance products will be available through U Bank branches. Speaking at the occasion, Faisal Abbasi – CEO, TPL Life said “developing products for the financially …

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‘We want our money back’: France to Britain

PARIS: Britain needs to settle its bill with the EU before beginning talks on a post-Brexit trade deal, French Economy Minister Bruno Le Maire said, declaring: “We want our money back”. Le Maire said it was time for Britain — which is wrangling with Brussels over the size of its …

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NPLs mount to Rs 614bln

PERCENTAGE SHOWS DECLINING TRENDS  ISLAMABAD: The Senate Standing Committee on Finance, Revenue and Economic Affairs was informed yesterday that the Non-Performing Loans (NPLs) have amounted to Rs 614 billion out of Rs 6.6 trillion total loans. However, in terms of percentage, NPLs witnessed declining trends when compared to the overall …

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CCP imposes Rs 87.292m penalty on different sectors in Jul-Sept

ISLAMABAD: The Competition Commission of Pakistan (CCP) has imposed Rs 87.292 million penalties on different private and public sector organizations during July-Sept, 2017 for involving in deceptive marketing practices under Section 10 of the Competition Act, 2010. These penalties were imposed on different sectors in violation of Competition Act, 2010. …

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