ISLAMABAD, Nov 1 (APP): The government has released Rs148.496billion for different social sector developmental projects so far under Public Sector Development Programme (PSDP) 2016 17 against the total allocation of Rs800 billion. According to the latest data released by the Planning Commission of Pakistan Rs6.337 billion has been released for different projects of Pakistan Atomic […]
Business News
Over Rs148.496 bln development funds released so far
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Sony H1 net profit dives 78% on strong yen, battery unit sale
TOKYO, Nov 1 (APP/AFP) – Sony said Tuesday its fiscal first half net profit dived owing to a sharp rally in the yen and losses linked to the sale of its battery business. The Japanese electronics giant, which has been shedding assets as part of a broad restructuring, said it had a 26 billion yen […]
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BP says quarterly net profit surges to $1.6bn
LONDON, Nov 1, (APP/AFP) – BP said Tuesday that net profits rocketed in the third quarter, aided partly by cost-cutting, and announced further spending cuts in response to low oil prices. Earnings after tax soared to $1.6 billion (1.5 billion euros) in the three months to September, compared with just $46 million in the same […]
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Tokyo stocks close up after BoJ meeting
TOKYO, Nov 1 (APP/AFP): Tokyo shares closed higher Tuesday, reversing early losses on relief over a Bank of Japan policy meeting that ended largely as expected and better-than-expected Chinese factory data. The Bank of Japan delayed further easing measures but again pushed back the timeline for hitting its elusive inflation goal — a cornerstone of […]
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Agreement signed between Sindh govt, Sindh Insurance
KARACHI, Nov 1 (APP): Sindh government and Sindh Insurance Limited (SIL) Tuesday reached an agreement regarding universal accidental insurance and social benefit. According to a statement issued here, the agreement was signed by the Secretary Finance Hassan Naqvi and the Chief Executive Officer (CEO) of SIL Faisal Siddiqui. Sindh Chief Minister Syed Murad Ali Shah […]
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Sharp tips annual operating profit after Hon Hai deal
TOKYO, Nov 1 (APP/AFP): Struggling Japanese electronics maker Sharp said Tuesday it expects to post its first operating profit in three years and narrow its net loss on the back of reforms and its buyout by Taiwan’s Hon Hai. The Japanese industrial mainstay, pummelled by huge losses and mounting debts, was formally taken over in […]