Thursday, June 21st, 2018
Circular debt and late-payments: ‘Chinese investors may withdraw from Pak power sector’
ISLAMABAD: (DNA) – Amid the ballooning power sector’s circular debt, private sector investors have expressed the apprehension that Chinese investors may withdraw their investment from the sector due to late payment of their dues. CEO HUBCO Khalid Mansoor said that due to delay in payments to the bank, they are paying extra mark up and the government is not ready to pay it. Chinese investors also have reservations over late payment interest and they may withdraw their investment, he said. Due to delay in payments to the bank, they areRead More
Textile exports increase to $1.204 billion in May
KARACHI: (DNA) – Textile exports clocked in at $1.204 billion for May, up 28.4 percent year-on-year and 4.8 percent month-on-month, official data showed on Wednesday. Pakistan Bureau of Statistics (PBS) data showed that textile exports amounted to $938 million in May last year and $1.148 billion in April. Analysts attributed a nominal sequential surge in exports to the part release of exporters’ stuck refunds. The last government disbursed refunds worth Rs31.5 billion in the last week of May. PBS data showed that textile exports rose 9.82 percent to $12.336 billionRead More
Lucky draw for Honda BRV held at Serena
ISLAMABAD, JUN 21 (DNA) – As a special treat during Ramadan, Serena Hotels entered into a promotion with Honda so people who had their Iftar at Zamana were entered into a lucky draw and given the chance to drive away in an all new BR-V. The lucky draw for the Honda BRV was held in Serena Business Complex Lawn in the evening with the management of Honda and Serena Hotels. Honorable chief guests Mr.Sheikh Amir Wahid, president of Islamabad Chamber of Commerce and Industry, Shahryar Khan, Resident Manager Islamabad SerenaRead More
Nawaz says Kulsoom still in critical condition
LONDON, (DNA) – Talking to media here in London today, Pakistan Muslim League Nawaz (PML-N) supremo Nawaz Sharif on Wednesday stated that his better half’s condition was still critical. He informed media personnel that CT scan of Kulsoom Nawaz was carried out today whereas he regretted that he was not here in London during Kulsoom’s tough hours. In 2017, Kulsoom Nawaz was diagnosed with throat cancer after which she was undergoing treatment in London.