US companies ready to invest $1 billion: OPIC
The US companies are ready to invest $1 billion in energy and education sectors of Pakistan, said the President of US Overseas Private Investment Corporation (OPIC) Elizabeth L Littlefield on Tuesday. more... (BR)
July-March 2012-13: Telecom services record negative growth of 54.4 percent
The net collection of sales tax from services provided by telecom sector has witnessed a major decrease of 54.4 percent during July-March 2012-13 when compared with same period of previous fiscal year. more... (BR)
Record production drilling in FY13'
Exploration and production drilling activities in financial year (FY) 2012-13 was the highest-ever development drilling in Pakistan as total 62 wells were drilled, up 82 percent on yearly basis, analysts said on Tuesday.
Corporate results: Broadband business drives PTCL on the road to continuous growth
On Tuesday, Pakistan Telecommunication Company (PTCL) announced its earnings for the quarterly and the six-month period ended June 30, 2013, showing steady revenues at Rs65.56 billion for the six-month period, compared to Rs62.58 billion in the previous period from July 1, 2013 to December 31, 2013. more...(ET)
With debt clearance, PSO likely to earn Rs4 billion in fourth quarter
Being one of the major beneficiaries of the recent clearance of Rs342 billion worth of inter-corporate debt out of a total Rs502 billion, Pakistan State Oil (PSO) is expected to post an income of Rs4 billion in the fourth quarter of fiscal year 2012-13, Global Research says in a report on Tuesday. more...(ET)
Govt borrowing from banks crosses Rs1 trillion-mark
Commercial banks have emerged the largest financer of the government’s budget deficit as government borrowing from banks has crossed Rs1 trillion-mark during the last fiscal year, according to statistics recently issued by the State Bank of Pakistan.