Business

Edotco plans capital injection in order to lay foundation for 5G launch

Will launch one-window operation soon to facilitate new investors

Says plant construction is in full swing, awaits power, gas and other utilities

Higher urea prices, increase in DAP margins aid earnings growth

Considering investment in Karachi Bus Rapid Transit, Rawalpindi Ring Road projects

But sees greater risk of fiscal slippage in absence of additional revenue-raising measures

Net increase in revenue receipts is just Rs69b compared to last year

In last fiscal year, external debt increased at a more rapid pace than foreign exchange earnings

Diesel rates kept unchanged despite oil prices falling in international market

Increase comes due to inflows from the UAE and Saudi Arabia

Benchmark index increases 192.41 points to settle at 40,799.53

Still, concerns over outcome of US-China trade talks have jangled investors' nerves

Diplomats, however, say it is unlikely to lead to big commercial deals

PM Imran launches three-year, five-year Pakistan Banao Certificates

Central bank raises rate by 25bps to 10.25%, cuts economic growth forecast to 4%

Also raises objection to the lax fiscal controls exercised by the Finance Ministry

Education panel told new policy expected over the next three months

Profit after tax for the year was recorded at Rs8.42 billion against Rs8.50 billion last year

Secretary says challenge is to achieve clean energy mix with more dividends

Higher cost of sales, low sales revenue and rupee depreciation caused the plunge

New system will help vessels sail to terminals during night hours

Bike-maker earns Rs572 million in Oct-Dec quarter

It will assess IT education benchmarks for youth in line with global standards

Duties, taxes on import of goods from China would be reviewed

This comes 2 days after corrupt officer was promoted to second highest pay scale

British airways can play an important role in promoting tourism in the country, says PM’s special assistant

PM’s advisor says govt to improve Pakistan’s ranking to top 50 countries

For petrol, it proposes decrease of just Rs0.50 per litre

Trump has threatened to raise tariffs on $200b worth of goods on March 2

Benchmark index decreases 17.27 points to settle at 40,607.12

US has imposed export sanctions on state-owned oil producer in Venezuela

Power minister says country will need to double generation capacity to 55,000MW by 2030

This partnership will not only benefit us, but the entire Islamic finance industry as well

DFID Chief Economist Rachel Glennerster says Pakistan needs to prioritise its to-do list

NTU and Tashkent Textile Institute will collaborate and sign an MoU for further cooperation in the field of textile

Cumulatively, the rupee has lost 31.8% of its value in the last 13 months

Envoy reveals direct Karachi-Tashkent flights will start soon

PM aide expects exports to reach record high of $27b

Overseas Pakistanis can bring one cellphone without paying duties

State Bank of Pakistan says 6.2% GDP growth target seems unachievable

Rate increase will push govt’s borrowing cost up from the projected Rs2 trillion

Abdul Razzak Dawood says airline resumes flights owing to improved security situation

Loan to be used to pay off circular debt, provinces' net hydel profit

Pickman trucks will be sold at $5,000 in US and $5,700 in Europe

Benchmark index increases 0.51% to settle at 40,624.39

Predicts increased tariffs will cut around 60m euros from core profits this year

US has been the biggest buyer of Venezuelan oil despite their political differences

Market participants focused on the Federal Reserve's policy meeting on January 29-30

PM adviser will meet British Airways’ delegation for finalising flight detail

DIB was established in 1975 as the world’s first Islamic Bank in UAE