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ISLAMABAD: The first Liquified Natural Gas (LNG) terminal project for the import of 400-500 million cubic feet (mmcf) LNG was signed here on Friday in order to overcome energy crisis in the country and to reduce growing dependence on expensive furnace oil.

KARACHI: The Sensitive Price Indicator (SPI) has registered an increase of 0.26 percent for the week ended on October 6 over the previous week.

ISLAMABAD: Pakistan Telecommunication Company Limited (PTCL) to supply Information and Communication Technologies (ICT) services to Dera Ghazi Khan Cement (DGKC).

KARACHI: A ship carrying 27,420 metric tonnes of urea imported by Trading Corporation of Pakistan (TCP) has arrived at Gwadar Port on Wednesday.

KARACHI: Pakistan's trade deficit narrowed to $1.786 billion in September from $1.842 billion in August, the Federal Bureau of Statistics said on Tuesday.

KARACHI: The overseas Pakistani workers remitted an amount of $ 3,297.20 million in the first quarter (July - September) of the current fiscal year 2011-12 (FY12), showing a growth of 24.60 percent or $ 650.9 million compared with $ 2,646.30 million received during the same period of last fiscal year (July- September 2010).

KARACHI: The car sales in the country escalated by 27 percent during the first quarter of the new fiscal year, according to the statistics released by Pakistan Automotive Manufacturers Association (PAMA) on Monday.

KARACHI: Agritech Limited (AGL) declares loss of Rs 295.221 million for the year ended on June 30, 2011 as against profits after taxation of Rs 853.248 million in the previous year.

KARACHI: As the first quarter of new financial year has come to an end, all listed companies on Karachi Stock Exchange (KSE) are busy in arranging their board meetings to consider the quarterly financial results.

KARACHI: Oil and Gas Development Company Ltd (OGDCL) will resume its operation in the rain-affected areas with full pace as soon as rainwater is receded in exploration blocks.

KARACHI: The Sensitive Price Indicator (SPI) has registered an increase of 0.24 percent for the week ended on October 13 over the previous week.

ISLAMABAD: Mari Gas Company Limited (MGCL) made a significant crude oil discovery on Thursday, with the additional potential of Associated Gas, during the drilling of Halini Well in its operated Karak Exploration Block.

Islamic never encourages one to become indebted unless it is necessary. Following Ahadith show the viewpoint of Islam on debt creation, especially while it is beyond one's capacity to repay and to what extent it should be avoided and used to meet only one's necessary requirements.

KARACHI: Fauji Fertilizer Company (FFC) and Fauji Fertilizer Bin Qasim Limited (FFBL) have raised urea prices by Rs 202 per 50kg bag on Tuesday.

KARACHI: As the first quarter of new financial year has come to an end, all listed companies on Karachi Stock Exchange (KSE) are busy in arranging their board meetings to consider the quarterly financial results.

KARACHI: Pakistan's fiscal deficit for the first three months of fiscal year 2011/12 was 1.1 percent of gross domestic product, a Finance Ministry official told Reuters on Wednesday.

LAHORE: Lahore Chamber of Commerce and Industry demanded, Federal Board of Revenue to impose 25 percent regulatory duty on copper export.

ISLAMABAD: Foundation laying stone of Diamir Bhasha dam will be held on Tuesday (today). President Asif Ali Zardari will be the chief guest of groundbreaking ceremony.

CHILAS: Prime Minister Syed Yusuf Raza Gilani Tuesday laid foundation stone of the US 12 billion dollar Diamir Bhasha dam that would generate 4500 MW electricity and store over 8 Million Acre Feet of water to meet country's growing power and irrigation needs.