Another setback: NA panel blocks issuance of OGDCL bonds
ISLAMABAD: In another setback to the government’s plan to finance the budget deficit through non-traditional means, a National Assembly panel has opposed the issuance...
Who is the licencing authority for CNG Stations?
The Oil and Gas Regulatory Authority (Ogra) has not issued a single licence for opening a Compressed Natural Gas (CNG) stations in the country,...
Government backs down after ADB threat
ISLAMABAD: The Asian Development Bank (ADB) forced Pakistan at the eleventh hour to withdraw a budgetary proposal on the threat that a loan tranche...
Nokia says Apple to pay royalties, ending patent disputes
The world’s leading mobile phone maker Nokia said Tuesday that its competitor Apple had agreed to pay royalties for use of Nokia technology in...
Standard Chartered to expand consumer, Islamic banking in Pakistan
To grow its business in Pakistan, Standard Chartered plans to focus on expanding its consumer banking line as well as its Islamic banking portfolio,...
Fuel mix: As CNG gets rationed, petrol sales jump 36% in October
The government’s bungling giveth, and the government’s bungling taketh away. After being squeezed relentlessly by the government’s inability to resolve the financial mess at...
US Aid to Pakistan – Corruption becoming a hurdle in implementation
In its new report on US aid to Pakistan, the Congressional Research Service (CRS), the public policy wing of Congress, has cited corruption, lack...
Rental power projects: Audit report reveals massive discrepancies
ISLAMABAD: Of the 19 rental power projects (RPPs) that the government has committed to, only one has come online as scheduled, adding only 62...
Oil jumps above $79 to 2009 high
Oil prices jumped above $79 a barrel to a 2009 high on Monday before falling back as investors looked to the corporate earnings of...
Rising global oil prices fuel major concerns
The State Bank of Pakistan has warned that the government’s inability to bridge its fiscal deficit means that the country is likely to be...
Budget 2012: Govt likely to slash social safety net funding
ISLAMABAD: The government’s flagship social safety net programme, the Benazir Income Support Programme (BISP), may get only 37 per cent of its required budget...
KSE plunges 426 points in horror session
KARACHI: Massive selling pressure was witnessed at the local equity market on the first trading session of the week as the index plunged by...
