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Monday, October 21, 2019

Five-year revival plan: PIA seeks billions of rupees to overcome losses

The Pakistan International Airlines is seeking injection of billions of rupees in taxpayer money mainly to buy 16 new aircraft and overcome losses under...

Wheat: Higher crop yield to boost production

FAISALABAD: The target of 19 million tons of wheat in the Punjab is likely to be surpassed due to high-yield wheat varieties developed by...

Budget 2011: Finance Department balks at development ambitions

The political leaders and financial managers of the Punjab are at odds over the funds for the Annual Development Programme (ADP) 2011-12. The former...

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...

Rental Power: SC directs NAB to recover outstanding dues from Karkay

The Supreme Court on Monday noted that Karkay rental power company owed Rs. 11 billion in outstanding payments and directed the National Accountability Bureau...

Local CNG Cylinders: Financial constraints stagnate initiative

ISLAMABAD: A project by the Ministry of Science to introduce locally made Compressed Natural Gas (CNG) cylinders is lying in doldrums due to lack...

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...

Pakistan to start low-cost hydro power projects

Pakistan government has said it will execute low cost hydro power projects on priority basis to overcome energy crisis. Speaking at a meeting in Lahore,...

Karachi stocks end higher

Pakistan’s main stock exchange closed higher, with the benchmark 100-share index of the Karachi Stock Exchange rising 0.32 percent or 74.64 points to 23,242.68. Supported...

Long-term financing: State Bank raises lending rates by 150 basis points

The central bank that maintained its key policy rate at 14% in its last monetary policy decision amid stubborn inflation and government’s failure to...

Suzuki profits to ride high on Punjab taxi scheme

Suzuki profits are expected to jump 88 per cent following the Punjab government’s taxi scheme, according to KASB Securities. The Punjab government allocated Rs4.5 billion...

Gilani approves Rs 350m for select advertising agencies

LAHORE: Prime Minister Yousaf Raza Gilani had approved payments worth Rs 350 million for select advertising companies in violation of government rules, on Wednesday. According to...

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