Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Business

All category news

  • FAO predicts increased wheat imports

    December 20, 2013 2:20 AM 66

    ISLAMABAD: Pakistan’s wheat imports are set to increase considerably and reach about 950,000 tonnes during 2013-14 marketing year up to April next year, a new report of Food and Agriculture Organisation (FAO) suggests. The ‘Global Information and Early Warning System’ on food and agriculture, which monitors food security situation of FAO member countries

  • Wapda to fleece Rs 57 bn from consumers

    December 20, 2013 2:16 AM 27

    ISLAMABAD: In another blow to the double digit inflation-stricken masses, the National Electric Power Regulatory Authority (Nepra) has increased the tariff of electricity being produced by Wapda by 33 percent for 2013-14. This will enable Nepra to collect Rs57 billion additional revenue from power consumers. The Wapda tariff has been increased with an immediate

  • MoU inked: Leading groups tie up to set up Thar coal power plant

    December 19, 2013 10:24 PM 61

    Projec­t expect­ed to start power produc­tion in about four years. ISLAMABAD: Sindh Engro Coal Mining Company (SECMC) – a joint venture between Engro Powergen Limited and Government of Sindh – signed a Memorandum of Understanding (MoU) on Thursday with leading business groups including Atlas, Liberty and Sapphire for setting up the country’s first Thar coal-based

  • SBP

    December 19, 2013 9:03 PM 25

    KARACHI: The total liquid foreign reserves of the country stand at dollars 8.52603 billion, said State Bank of Pakistan (SBP). During the week ending on December 13, 2013, State Bank's liquid forex reserves increased by dollars 505 million to dollars 3,468 million compared to dollars 2,963 million in the previous week. The increase in the Central Bank's

  • Brazil’s industrial GDP to grow 2pc in 2014

    December 19, 2013 8:33 PM 33

    BRASïLIA: Brazil's industrial GDP will grow two percent in 2014 after rising 1.4 percent this year, the National Industry Confederation (CNI) said Thursday. A year ago, CNI forecast four percent growth for 2013 following a raft of government incentives for the sector. On the plus side this year, CNI noted a 7.1 percent surge in productive investment

  • Get ready for long hours of load-shedding, says Ishaq Dar

    December 19, 2013 12:53 PM 29

    Reduce­d hydel genera­tion will cause six to eight hours of load-sheddi­ng across the countr­y. ISLAMABAD: Finance Minister Ishaq Dar advised the nation on Thursday be prepared for long hours of load-shedding as hydel power generation will dramatically fall because of closure of canals coupled with a cut in gas supplies to the power plants. “Be ready

  • Chehlum security: Sindh govt imposes ban on pillion riding

    December 19, 2013 10:41 AM 29

    Ban to remain in place from Decemb­er 23 to 24 in six cities of the provin­ce includ­ing Karach­i. KARACHI: The Sindh government has decided to impose a ban on pillion riding in six cities of the province including Karachi on December 23 and 24, Express News reported on Thursday. The ban will be imposed to ensure security during the chehlum of Hazrat

  • BlackBerry’s CEO hires two more of his former colleagues

    December 19, 2013 5:10 AM 29

    TORONTO: BlackBerry Ltd said on Wednesday it hired two more senior executives who previously worked with its new chief executive officer, bolstering a newly assembled team charged with putting the stumbling smartphone maker back in stride. The pair are part of a growing cadre of familiar talent tapped by John Chen since he joined BlackBerry as CEO last month

  • Rupee down 21 paise against dollar in morning trade

    December 19, 2013 4:37 AM 21

    The rupee had shed 8 paise to close at 62.09 against the dollar in Wednesday's trade. Dealers attributed the rupee's fall to dollar gains against other currencies overseas, but a higher opening in the domestic equity market capped the fall. Meanwhile, the benchmark BSE Sensex on Thursday surged by 157.59 points, or 0.75 percent, to 21,017.45 in morning

  • Information technology: UAF sets up website to help farmers

    December 19, 2013 3:44 AM 34

    New techno­logies can be used effect­ively to raise produc­tivity says UAF VC. “The University of Agriculture, Faisalabad (UAF), has set up a website, Zarai Baithak, to help farmers resolve their problems,” UAF Vice Chancellor Iqrar Ahmad Khan said on Wednesday. He was speaking at a seminar titled, Information and Communication Technologies (ICT) based