C919’s first commercial flight on Sunday
Karachi: China Eastern Airlines, initial customer for country’s homegrown narrow-body jet C919 will launch plane’s first commercial flight on Sunday, carrier’s app showed. C919 flight will take off as flight number MU9191 from Shang...
Gold registers minimal losses
Karachi: Amid continued fluctuation in international market, gold registered insignificant losses. Price of gold (24 carats) decreased by Rs 250 per tola and Rs 214 per 10 grams to reach Rs 235,750 per tola and Rs 202,118 per ten grams respectively,...
Pakistan will see $10bn investment in refinery sector ‘soon’: Musadik Malik
Islamabad: Minister of State for Petroleum Musadik Malik said that an investment of $ 10 billion in refinery sector will come ‘very soon’ in Pakistan. “Very soon, Prime Minister Shehbaz Sharif will inaugurate $ 10 billion investment...
Khurram Dastagir inaugurates 500 KV Matiari-Thar transmission line
HYDERABAD: Minister for Energy (Power Division) Eng. Khurram Dastagir Khan inaugurated 220 kilometer Matiari-Thar 500 KV Quad Bundle transmission line completed by National Transmission Dispatch Company (NTDC) at cost Rs 20 billion in record time of...
NEPRA jacks up electricity tariff
ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has jacked up electricity tariff by 0.79 paisa per unit. As per details, power regulatory authority approved 0.79 paisa per unit hike in electricity tariff in wake of monthly fuel adjust...
FPCCI demands abolishment of futile section 7E
Karachi: Suleman Chawla aActing President FPCCI apprised that entire business, industry and trade community is of view that Section 7E introduced in Income Tax Ordinance (ITO) 2001 through Finance Bill 2022 has categorically proven to be not only cha...
Rupee claws back some ground, settles at 285.74 against dollar
Karachi: Rupee registered significant gain against dollar, appreciating 0.49 percent in inter-bank market. At close, currency settled at 285.74, gain of Rs 1.39, as per State Bank of Pakistan (SBP). Increase comes after rupee registered marginal gain...
KSE-100 falls in range-bound trading session, dips 88pts
Karachi: Pakistan Stock Exchange (PSX) saw range-bound trading session as KSE-100 Index traded in narrow range to close with loss. Weakening macroeconomic cues and rising political noise played on minds of investors and volumes remained thin. At clos...
JBS acquires majority stakes in Silicon-Valley based Impare
Karachi: Jaffer Business Systems (JBS), system integrator based in MENAP region announced strategic acquisition of Silicon Valley based start-up, ‘Imparé’, specialising in chip verification. This acquisition is first time JBS has m...
Population control possible with incentivised NFC award: Ahsan Iqbal
ISLAMABAD: Minister for Planning, Development and Special Initiatives Professor Ahsan Iqbal stressed need for reviewing formula of resources distribution under NFC award, giving incentives to provinces for successful execution of population control p...
