Senate panel goes all out at NAB official
ISLAMABAD:? A parliamentary panel on Wednesday grilled the National Accountability Bureau (NAB) for its inability to trail Rs700 million allegedly swindled out of depositors by Natover Leasing Company and demanded the authority to come up with a report in two weeks. Testifying before a sub-committee of Senate Standing Committee on Finance, NAB Director More...
Govt rejects out of court settlement
ISLAMABAD:? The government has rejected the proposal of oil and gas exploration and production companies for an ‘out of court’ settlement of a tax dispute involving Rs14 billion taxes. According to sources More...
Cement industry rejects criticism over price hike
LAHORE:? Cement manufacturers have claimed that the increase in cement prices is not a lot when compared with rise in prices of other building materials and commodities over the past few years and said the industry More...
German minister to visit Pakistan
LAHORE:? To explore new business avenues in the agricultural sector, German farm minister will arrive in Pakistan in a couple of months while a German auto giant is making huge investment by establishing a manufacturing More...
Market Watch: Bourse gains amid healthy volumes
KARACHI:? The stock market managed to close in the positive territory on Wednesday led by index heavyweight Oil and Gas Development Company (OGDC). The Karachi Stock Exchange’s (KSE) benchmark 100-share index More...
Corporate results: Indus Motor half-yearly profits race away
KARACHI:? Indus Motor Company’s profits almost doubled to Rs1.77 billion during July to December 2011 primarily due to higher sales and prices of its leading brand Toyota Corolla. The improved profitability More...
Agricultural credit releases surge 20%
KARACHI:? Agricultural credit disbursement by banks surged 20 per cent to Rs149.658 billion in the first seven months (July-January) of the current fiscal year compared to the same period last year, according More...
Financial result: PTCL announces six-month earnings
ISLAMABAD:? Pakistan Telecommunication Company Limited’s (PTCL) has announced net profit of Rs2.84 billion in its half-year earnings for the six months ending December 31, says a press release issued on Wednesday. More...
Profit participation fund: Audit finds payment of Rs266m to ‘ineligible’ workers
ISLAMABAD:? Heads of collective bargaining agent (CBA) and top officials of the Oil and Gas Development Company (OGDC) have been found involved in unauthorised payment of Rs266 million under the Workers Profit More...
ITIF Asia: Trade, machinery show may attract 25,000 visitors
KARACHI:? The ongoing International Trade and Industrial Machinery Show, also known as ITIF Asia, is expected to attract about 25,000 visitors by the time it concludes on Thursday, according to a representative More...
