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Pakistan Steel Mills by May 31 if outstanding dues are not cleared. In this regard, the utility company has served a final notice to the steel producer. Rs13 billion for the gas the utility company supplied to it on credit...Despite injection of huge
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The package totals Rs11bn as working capital, an amount that the power sector has been gasping for but to no avail. The second troubling feature are the fringe benefits' attached to the bailout such as a waiver on overdue gas bills amounting to
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KARACHI: Pakistan faced devastating years on aspect of its economy during 2008 to 2012, when it faced a dip in foreign direct investment (FDI) from $5.41 billion to $820 million, rupee devalued 63 percent against dollar, 18
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Rejecting former interior minister Rehman Malik's unconditional apology for interfering in the Pakistan Steel Mills investigation in 2009, the Supreme Court has decided to indict him on March 25. Meanwhile, Malik has expressed his disappointment over
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A three-member bench of the apex court headed by Chief Justice Iftikhar Muhamma Chudhry resumed the hearing over the case pertaining to contempt of court against the former federal minister. During the hearing Rehman Malik said that with the
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Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Tuesday called for appointing a non-political and neutral person as caretaker prime minister of the country. Addressing public gatherings in Haripur, Hawailian and Abbottabad regarding the PTI's
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Interior Minister Rehman Malik may not know the number of prohibited bore arms in the possession of proscribed militant organisations in the country, but he surely knows that his ministry has issued over 69,000 licences for prohibited bore weapons to
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Prime Minister Raja Pervez Ashraf has said he expects that Pakistan Steel Mills (PSM) would turn around after the expansion of the mill for which a Memorandum of Understanding (MoU) has already been signed with Russia. The prime minister said this
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Two major corporate results to be unveiled on Thursday include MCB Bank Limited and WorldCall Telecom. Another upcoming result on the last day of the week (Friday) would be Engro Fertilizers Ltd. The results are awaited by investors as those would
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The ministry of food security of Pakistan has conceded that poverty has been increasing in the country during the past four and a half years of the PPP-led coalition government...In reply to a query by Nuzhat Sadiq of the PML-N, the ministry said the
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