Business

Pakistan, Turkey sign PTA to boost trade

ISLAMABAD: Pakistan and Turkey signed Preferential Trade Agreement (PTA) aimed at boosting trade in goods between two countries. Prime Minister Shehbaz Sharif witnessed inking of PTA at a ceremony held at PM Office, as visiting Turkish Trade Minister...

Pakistan receives LOI from IMF, inches closer to sealing bailout deal

Islamabad: Pakistan reached a staff-level agreement with International Monetary Fund (IMF). Islamabad received letter of intent (LOI) a document declaring preliminary commitment of one party to do business with another from global lender. Receipt of...

Nepra jacks up power tariff by Rs9.90 per unit

 ISLAMABAD: National Electric Power Regulatory Authority (Nepra) increased in electricity tariff by Rs 9.90 per unit on account of monthly fuel adjustment (MFA) for June 2022. According to notification issued by Nepra, CPPA had requested an incr...

PM Shehbaz assures Japanese investors of all possible support

ISLAMABAD: Prime Minister Shehbaz Sharif assured Japanese investors of providing all possible facilities as country looks to encourage foreign investment. According to details, a delegation of Japanese investors called on Prime Minister Shehbaz Shari...

Services helping flood victims highly commendable: SM Muneer

KARACHI: *Former Chairman of Korangi Association of Trade and Industry (KATI), Senator Abdul Haseeb Khan at a book launch ceremony ‘Iman Aur Bandgi’, said that it is one of countless gifts given to us by Allah Ta’ala. I have written...

Minister assures Ericson full cooperation towards IT projects

ISLAMABAD: Minister for Information Technology (IT) and Telecom Syed Amin Ul Haque extended his full support to Ericson Pakistan Chairperson Ekow Nelson in projects related to IT and Telecom sector. During a meeting here Minister lauded commitment of...

NEPRA approves Rs11.10 hike in power tariff

ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) notified an increase in power tariff by Rs 11.10 per unit for K-Electric consumers on account of fuel charges adjustment (FCA) for June 2022 amid worsening power outages in metropolis. F...

PIA decides to provide internet facility during flights

ISLAMABAD: Pakistan International Airline (PIA) has decided to provide internet facility to its passengers during flights. According to details, national carrier will soon provide internet facility to passengers and has started the installation of Wi...

SBP ranks Bank Alfalah as No. 1 Primary Dealer for FY2021-22

KARACHI: Bank Alfalah Limited announced that it has been ranked as no. 1 Primary Dealer for government securities by State Bank of Pakistan (SBP) for fiscal year 2021-2022. By achieving this huge milestone, Bank has cemented its place in banking indu...

Biden urged to release Afghan assets

WASHINGTON: More than 70 economists and experts, including Nobel Laureate Joseph Stiglitz, called for Washington and other nations to release Afghanistan's central bank assets in a letter sent to US President Joe Biden on Wednesday. The letter said f...

NC Big Stories

Govt plans to cut electricity prices by up to Rs10 per unit

ISLAMABAD: Government has unveiled a revised plan to reduce the baseline power tariff by Rs 8 to Rs 10 per unit, quoting sources. The plan aims to address the issue of circular debt, which will be reduced through the reduction of the debt amount. Un...

Govt rejects proposal to exchange Dr. Aafia Siddiqui for Shakil Afridi

ISLAMABAD: Government told the Islamabad High Court (IHC) its position on the proposal to exchange Dr Aafia Siddiqui’s release for Shakil Afridi’s handover. According to reports, the government of Pakistan turned down the possibility of...

Mustafa Amir’s remains exhumed for DNA samples

KARACHI: Following the court orders, Sindh health department’s medical team exhumed body of Mustafa Amir for DNA samples. Mustafa Amir was kidnapped and allegedly murdered by his friends in Karachi’s Defence Housing Authority (DHA) on Jan...

Pakistan releases 22 Indian fishermen, begins repatriation process

KARACHI: Pakistani authorities have released 22 Indian fishermen from Karachi’s Malir Jail, beginning their repatriation process on Friday, as confirmed by a police official.   Arshad Shah, the superintendent of Malir Jail, confirmed that...
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