Category Archives: Business & Finance

Supreme Court Rejects Bahria Town’s Settlement Offer of Rs. 250 Billion

The Supreme Court of Pakistan (SCP) has rejected a hefty offer of Rs. 250 billion from Bahria Town to avoid legal proceedings. The top court was hearing a case regarding the implementation of its verdict against Bahria Town in which

Amir Tufail Appointed as the New MD of SNGPL

The Deputy Managing Director of the Sui Northern Gas Pipelines Limited (SNGPL), Amir Tufail, has been promoted and will now act as the new Managing Director (MD) of the company.The decision was taken in a board of directors' meeting today,

Faysal Bank Has Converted Half of Its Operations to Islamic Banking

Faysal Bank has converted 50 percent of its conventional banking operations into Islamic mode in line with its transformation plan to become a full-fledged Islamic Bank in the next few years.According to the financial report, the bank has enhanced its

Faysal Bank Has Converted Half of Its Operations to Islamic Banking

Faysal Bank has converted 50 percent of its conventional banking operations into Islamic mode in line with its transformation plan to become a full-fledged Islamic Bank in the next few years.According to the financial report, the bank has enhanced its

Govt bans import of furnace oil except K-Electric

The government has notified an immediate ban on import of furnace oil except for K-Electric.According to a press release issued by the Ministry of Petroleum on Tuesday, the government has ordered all the refineries to utilize billions of rupees in

UN envoy for Libya to begin Algeria visit today

Algiers United Nations Special Envoy for Libya Ghassan Salame will begin Monday a two-day working visit to Algeria for talks with Algerian officials on the Libyan crisis.Algeria's Foreign Ministry said in a statement that the visit of Salame, who is

Over Rs 16 bln earmarked for doctors’ salaries: SC informed

A two-member bench of Supreme Court headed by Chief Justice of Pakistan, Mian Saqib Nisar heard a case regarding salaries of doctors working in government hospitals at Supreme Court Lahore registry on Saturday.Secretary Health Punjab told the honorable...

PSL Franchises Seek Tax Exemptions After Massive Losses in First Two Seasons

The franchises of Pakistan Super League are asking for tax exemptions from the government citing losses they incurred in the first two editions of the event.The PSL franchises have also called for a financial restructuring of the league to make