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Category: Business

Abraaj reaches agreement to sell $1.77bn K-Electric stake to Shanghai Electric

Karachi:The Abraaj Group on Sunday announced that a $1.77 billion stake in K-Electric will be sold to China’s state-backed Shanghai Electric Power (SEP). The Abraaj...

NBP profit rose 11pc to Rs13.4bn in Jan-Sept

KARACHI: National Bank of Pakistan (NBP) posted an unconsolidated profit of Rs13.4 billion for January-September, up 10.8 per cent from a year ago. In a stock filing on...

´Crazy´ hike in Saudi visa fees could impact business ties

RIYADH: A seven-fold hike in visa fees to do business in Saudi Arabia risks deterring the foreign investment needed to transform its oil-dependent economy, diplomats and...

Central Asian countries identify $94bn power investment needs

ISLAMABAD: Central Asian countries have identified power investment needs of about $94 billion to 2023, according to an Asian Development Bank (ADB)-commissioned study...

Tetra Pak to Showcase “Future Ready” Innovations at Gulfood Manufacturing 2016

Islamabad (PR):Tetra Pak, the world’s leading packaging and processing solutions company, is proud to announce its participation at Gulfood Manufacturing 2016, the...

Rotary Responsible Business Partner Award to be given to Coca-Cola at UN

Islamabad (PR): Coca-Cola Pakistan has been selected by Rotary International for the “Rotary Responsible Business Partner” award, to be given on Rotary Day at the...

First Maize Stem Borer Mass Rearing Lab in Pakistan Inaugrated

Islamabad (PR): Under the U.S. Agency for International Development (USAID) funded Agricultural Innovation Program for Pakistan (AIP), Pakistan Agricultural Research...

Index loses 439 points on political instability

Karachi: Stocks were hammered on the opening session of the week as worried investors decided to sit back and watch events unfolding ahead of the PTI protests. The...

Delay in projects implementation irks ADB

ISLAMABAD: The Asian Development Bank (ADB) has expressed concern over slow progress of project implementation in Agriculture, Natural Resources and Rural Development...

Pakistan & Portugal should join hands for rapid development; PPBF

ISLAMABAD (PR): Chairman of  Pakistan Portugal Business Forum (PPBF) William Monteiro has said that Pakistan and Portugal enjoy good relation but volume of bilateral...