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Allocation of functions: PPMC-NGC dispute again lands on power regulator’s table
ISLAMABAD: A brawl between Power Planning and Monitoring Company (PPMC) officially “unregistered” entity of Power Division and National Grid Company (erstwhile NTDC) over “institutional allocation…
Business RecorderAurangzeb speaks of fiscal prudence
ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Wednesday said Pakistan’s fiscal deficit had declined to 2.6 percent of GDP from a peak of 12.5 percent, while tax…
Business RecorderOver USD5bn annual exports targeted: AsiaPak seeks govt help for aluminium smelter at PQ
ISLAMABAD: AsiaPak Investments Limited has sought the government’s support for a proposed export-oriented aluminium smelter in the Port Qasim industrial area, targeting annual exports of more than…
Business RecorderAurangzeb urges IFIs to align financing terms with improved ratings
ISLAMABAD: Finance Minister Muhammad Aurangzeb on Wednesday urged international financial institutions to align financing terms with Pakistan’s improved sovereign ratings and expanding access to…
Business RecorderFarmers, small businesses and homeowners: PM orders banks to expand lending
ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday directed banks to expand lending to farmers, small businesses and prospective homeowners, calling for improved access to finance in three…
Business RecorderLow-income, vulnerable states: IMF urges members to stock up funds
BANGKOK: IMF chief Kristalina Georgieva on Wednesday warned that current economic developments and the rapid advance of AI threaten to deepen the gulf between advanced and developing economies…
Business RecorderDISCOs tariffs: Export industries oppose proposed hike
ISLAMABAD: Export-oriented industries have strongly opposed proposed increases of 5 to 10 percent in electricity tariffs by power distribution companies (DISCOs), warning that higher energy costs…
Business RecorderElectric buses JV: Pakistani firm signs MoU with Chinese co
ISLAMABAD: A Pakistani firm has signed a memorandum of understanding (MoU) with a Chinese company to establish a joint venture for manufacturing electric buses in Pakistan.
Business RecorderHighest in Asia: Pakistan facing mounting exposure to cyber-enabled financial fraud: report
ISLAMABAD: Pakistan is facing mounting exposure to cyber-enabled financial fraud, with estimated scam losses equivalent to 2.5 percent of gross domestic product (GDP), highlighting growing risks to…
Business RecorderPresident advocates for boosting trade with Turkiye to USD5bn
ISLAMABAD: President Asif Ali Zardari has called for further strengthening Pakistan-Türkiye relations, with a focus on achieving the mutually agreed target of USD 5 billion in bilateral trade…
Business RecorderAviation safety, air navigation systems: PAA signs two agreements
ISLAMABAD: The Pakistan Airports Authority (PAA) has signed two agreements to enhance aviation safety and modernise air navigation systems, including the installation of a Rs254 million wind shear…
Business RecorderSale of smart glasses: LHC directs heads of authorities to appear in person
ISLAMABAD: The Lahore High Court (LHC) has directed the secretaries of the Commerce and Interior and Narcotics Control divisions, the chairman of the Federal Board of Revenue (FBR), and the Member…
Business Recorder
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