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PASSCO may face loss of millions in rice tender

LAHORE:   The Pakistan Agriculture Storage and Services Corporation (Passco) intends to re-invite tenders for sale of 2.01 million k...

FAO expresses satisfaction over increase in grain production

ISLAMABAD: With the country anticipating record production of 25.4 million tonnes of wheat this year, the UN’s Food and Agriculture Org...

Heavy military spending hurting India, Pakistan: US report

WASHINGTON: Heavy military spending in India and Pakistan has been detrimental to the citizens of both countries, a US think-tank said ...

Pakistan buys 101,000 tonnes of canola from Canada

HAMBURG: Pakistani importers have purchased about 101,000 tonnes of rapeseed in recent weeks to be sourced from Canada, European trade...

Mango crop and export outlook

Mangoes will start coming into markets sometime next month. Growers, investors, traders, exporters and food companies all look set to m...

Agreement signed with China for coal power plants

ISLAMABAD: A Chinese group will set up at Gadani two coal power plants, each of 1,320MW capacity, and invest around $2 billion in the p...

KP to issue licences for exploration of natural resources

PESHAWAR: The Khyber Pakhtunkhwa government has decided to award licences through bidding for exploration of natural resources. The w...

Oil discovery at all-time high in March

KARACHI: The oil and gas exploration companies were able to drill out 92,905 barrels of oil per day (bopd) in March this year, which th...

Plan to boost trade with US

ISLAMABAD: Pakistan and the US are developing a joint plan to increase trade and investment flows between the two countries over the ne...

Growth in cotton production slows to 3.86pc

KARACHI: The diminishing trend in phutti (seed cotton) arrivals witnessed since the second half of the current cotton season ultimately...

Lucky Cement starts production in Iraq

KARACHI: Lucky Cement started production in Iraq from February this year through its joint venture grinding plant, becoming Pakistan’s ...

Urea makers see stable prices

KARACHI: Fertiliser manufacturers say they are not planning to raise urea prices this season, in spite of the pressure on the industry ...

Textile units in Punjab seek regular gas supply

LAHORE: The All-Pakistan Textile Mills Association (Aptma) has demanded uninterrupted gas supply to the Punjab-based textile industry t...

IDB approves $220m for Jamshoro power project

ISLAMABAD: The Islamic Development Bank (IDB) has approved a loan of $220 million for the Jamshoro coal power plant, it was officially ...

Govt to raise Rs235bn from power, gas tariff hike

ISLAMABAD: The government plans to raise additional revenues of Rs235 billion through increases in electricity and gas tariff in the ne...

Export of services tumbles by 41pc

ISLAMABAD: Export of services witnessed a sharp decline of 41.39 per cent in the first seven months of the current fiscal year from a y...

Yarn producers seek govt help to avert crisis

LAHORE: After several years of good business despite growing energy shortages, Punjab’s yarn producers could be headed for another cris...

Jewellery exports plunge

KARACHI: Pakistan’s jewellery exports plunged by 74 per cent to $279 million between July 2013 and February 2014 from over one billion ...

Centre to help Punjab set up six coal-fired power plants

ISLAMABAD: The federal government has decided to make special logistic and infrastructure arrangements to help Punjab set up 7,800MW of...

As BRICS economies grow up, 10 upstarts emerge

PARIS: Indonesia, Bangladesh and Ethiopia are among 10 countries set to take over as emerging economies from the powerful BRICS nations...

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