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ISLAMABAD Pakistan’s oil import bill has slightly decreased during previous financial year 2013-14 mainly because of the sharp rupee appreciation and declining prices of oil in the international market.The country has imported petroleum products worth of $14.838 billion during last year as against $14.972 billion of the preceding year 2012-13 registering a minor of 0.90 percent, showed the data of Pakistan Bureau of Statistics (PBS). The ...

ISLAMABAD State Bank of Pakistan seems to have no control over private banks as they are daringly violating its orders of maintaining cash reserves in their ATM machines and during the last few days of Ramazan, one could hardly find a working ATM of any bank.As observed the other day, there was a long queue in front of an ATM machine in Zone-V Islamabad. When interviewed the people standing in the queue revealed that there were more than a dozen ...

ISLAMABAD Special Assistant to the Prime Minister (SAPM)/Chairman Board of Investment Dr Miftah Ismail said that BoI has established facilitation centers in Islamabad and provincial capitals Lahore, Karachi, Peshawar and Quetta to generate more employment opportunities and to encourage entrepreneurs.Under the vision of Prime Minister to generate more employment opportunities and to encourage entrepreneurs, Board of Investment has established ...

SINGAPORE  - The United States faces an awkward rival in its ...

LONDON  - Emirates will stop flying over Iraq due to concerns ...

HONG KONG  - Asian markets mostly rose Monday as investors await ...

DUBLIN  - Irish low-fare airline Ryanair, which hit a weak patch ...

ISLAMABAD President Mamnoon Hussain has underscored the need for ...

KARACHI Stocks battered at KSE in the last trading session ahead of ...

ISLAMABAD In order to give relief to public, the Prime Minister Nawaz Sharif rejected Ogra summary to increase the prices of petroleum products for the month of August.According to a press release ...

KARACHI - The European Union and United States have imposed ban on the PIA cargo service over improper security arrangements.The EU and United States authorities have written a letter to PIA to stop ...

KARACHI The Karachi Chamber of Commerce & Industry has expressed deep grief and sorrow on sad demise of Dr Majid Nizami, the most senior journalist of Pakistan and Editor-in-Chief/ Publisher of ...

Scientists use genome-editing technique on wheatISLAMABAD (APP): Targeting disease-related genes, Chinese scientists have come up with a stain of wheat, which can remain unaffected by a destructive ...

KARACHI - Dollar dipped against rupee in open market on Monday, it was traded at lowest rate of Rs 98.80. According to the data provided by the Forex Association of Pakistan, dollar traded at minimum ...

NEW YORK - Laduree chairman David Holder is a man on the move. His summer itinerary includes Brussels, Luxembourg and Monaco. In the fall, he heads to Canada, Chile and Mexico.The 152-year-old ...

LAHORE - Pakistan’s equity market sustained last week’s positive momentum to close at all-time high of 30,475 points. The KSE-100 index gained 0.8pc WoW with 32pc WoW higher average ...

MUMBAI - India sits on one of the world’s biggest coal reserves, yet its power stations are starved of the fuel with some idle and others running dangerously low on supplies.Coal accounts for ...

ISLAMABAD - People standing in long queues at bus stops and Railways booking offices here is a proof that majority of Pakistanis prefer to celebrate Eidul Fitr at their home towns with their near and ...

NEW YORK -  Japanese carmaker Nissan said Saturday it was recalling 226,326 additional vehicles in the United States due to faulty airbags.The move brings the total number of vehicles recalled ...

PARIS - In a world still struggling to shake off the worst financial crisis for a generation, many economists are worrying that new asset bubbles are already threatening to derail the tepid global ...

ISLAMABADAfter approval of LNG import by Federal Cabinet in April this year, international players have become keen in the country’s first 2.25 $ billion per year gas import plan.Among those, ...

LAHOREPunjab Chief Minister Muhammad Shahbaz Sharif said that Punjab government has also decided to set up small coal power plants for generating energy. He said that these power plants will be set ...

LAHOREWith a view to boost export of pharma products, the local pharmaceutical manufacturers have urged the government as well as the regulatory authority to harmonise laws and policies in accordance ...

LAHORE Oil production in Pakistan, which stood at 80,000 barrels of oil per day (bopd) at the end of FY13, reached all-time high of 98kbopd in June 2014, up 22pc. In FY14, the country produced an ...

LAHOREAlmost all veggies rates, including potato, tomato, onion, garlic, ginger, cucumber, peas, lady finger, and bringle, continued to remain high not only in open market but also in Ramazan ...

Dedicated candidates to be fielded in all chamber electionsLAHORE (APP): Dedicated candidates of integrity especially educated youth will be fielded on merit in forthcoming annual elections of the ...

LONDON - Less than two months before an independence vote that could ultimately tear apart a G7 country, investors in financial markets seem largely unmoved. Last week saw the first glimmer of action ...

KARACHI - The first Eid special train from Karachi to Peshawar via Multan, Raiwind and Sahiwal left from Karachi on Saturday according to its scheduled time. According to schedule issued by the ...

ISLAMABAD-  During the holy month of Ramazan, the Ministry of Water and Power has failed to keep up with the tall claims pertaining to ‘minimizing power cuts’. Accoridng to media ...

ISLAMABAD - The government is going to suffer a huge loss of Rs42 billion in terms of revenue collection during vacations of Eid-ul-Fitr, as economic activities would remain standstill in the country ...

LAHORE -  Facing five-day gas closure and up to 10hours daily power breakdowns, the Pakistan Dairy Association has asked the government to take measures on war footing to overcome the ongoing ...

lahore - Another A320 aircraft on dry lease has been added in PIA fleet which arrived on Saturday at Islamabad Airport, increasing the operational fleet to 26 aircraft, said Secretary Aviation and ...

Islamabad - The PML-N government has finalized the Vision 2025 and is ready for its implementation, aiming to put Pakistan on way to sustainable economic growth trajectory, creating a globally ...

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