ISLAMABAD, Mar 13 (APP): The Islamabad High Court (IHC) has rejected application of Muslim Commercial Bank (MCB) seeking stay order on the National Accountability Bureau (NAB)’s investigation regarding privatization matter of the Bank. Justice Aamir Farooq observed that NAB notice to the Bank was not against any individual but to probe alleged irregularities raised while […]
Business News
IHC rejects MCB’s stay application against NAB investigation
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More Internet usage means flourishing e-commerce market in Pakistan
ISLAMABAD, Mar 13 (APP): Pakistan, although a late entrant to world of e-commerce, has emerged and recorded a reasonable rise in online shopping trends and other e-commerce businesses. Such growth trends over past few years-with more than US$ 30 million being spent on online purchases currently-depict a highly positive picture for future and the size […]
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Car sales jumped by 38% to 121,934 units in 8 months
ISLAMABAD, Mar 13 (APP): The sale of domestically assembled cars in the country jumped by 38 percent to 121,934 units during first eight months (July-February) of current fiscal year from the sale of 88,538 cars during same period of last year. According to data released by Pakistan Automobiles Manufacturing Association (PAMA), during the period under […]
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Pakistan to have steady growth, recovery-cum-low inflation for next 2 years: WB
ISLAMABAD, Mar 13 (APP): The World Bank in its recent Macroeconomic Outlook-2015 about Pakistan, has projected steady growth, recovery-cum-low inflation, supported by fiscal consolidation and improving external position for the next two years. According to the Bank’s Outlook-2015, Pakistan economic growth was projected to accelerate to 4.5 percent in FY 2016 and then further to […]
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Second body found after Gaza tunnel collapse: Hamas ministry
GAZA CITY, Palestinian Territories, March 13 (APP/AFP) – A second Gazan was found dead Sunday after the collapse of a tunnel on the Egypt border, the interior ministry in the Hamas-run enclave said. On Thursday, rescue services said seven men had been trapped in the collapse. Five were rescued, but on Sunday the ministry said […]
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Pb Govt decides to export potatoes
LAHORE, Mar 13 (APP): The Punjab government has decided to export potatoes to other countries on a massive level as farmers and exporters have responded positively. According to the agriculture department, the Punjab government in cooperation with the federal government is trying to create a friendly environment for farmers where they may earn good profits […]