Business articles


Gas management plan discussed by energy committee

ISLAMABAD: Sub-committee on Energy constituted by the Prime Minister has discussed Gas Management plan aimed at ensuring maximum availability of gas to all key sectors.   Its meeting was held in Islamabad on Thursday with Finance Minister Ishaq Dar in the chair. The focus of discussion during the meeting mainly revolved around import of 600 mmcfd


Australia, China sign landmark free trade deal

CANBERRA: Chinese President Xi Jinping and Australian Prime Minister Tony Abbott have signed a declaration of aim on a landmark free trade deal during a ceremony in parliament in Canberra on Monday, November 17.


IDEAS 2014: Defence exhibition dates announced in Karachi

KARACHI: Ideas-2014 national exhibition of arms, ammunition and defence related products to be held in Karachi on December 01 to 04. About 145 foreign including 61 Pakistani companies would present their defence products in Ideas-2014 national exhibition of defence. Pakistan Ordinance Factory manufactures modern infantry, small and heavy war weapons, bombs, Air craft, Anti Air


SBP reduces the policy rate by 50 bps

The State Bank of Pakistan has decided to reduce the policy rate by 50 bps to 9.5 percent. The decision was taken by the Central Board of Directors of SBP at its meeting held under the chairmanship of Governor Mr. Ashraf Mahmood Wathra in Karachi today. The complete text of the decision is as follows:


LPG price cut by Rs5/kg

ISLAMABAD:  The price of Liquefied Petroleum Gas (LGP) has been cut by the marketing companies  by Rs5 per kilogramme amid the ongoing operation launched by the Oil and Gas Regulatory Authority (Ogra) against LPG marketing companies for charging inflated price despite considerable cut in the commodity’s price in international market.