OGRA to recover stolen Rs18bn from consumers
LAHORE: The Oil and Gas Regulatory Authority (OGRA) is looking to burden gas consumers with payments amounting to Rs18 billion to cover...
Pakistan to borrow $1bn from China, as traditional lenders withhold loans
LAHORE: As inflows from traditional lenders are expected to fall below budgeted projections, Pakistan has initiated talks with a Chinese financial institution...
Government reimposes electricity surcharge, as circular debt soars
LAHORE: The government has imposed a surcharge on electricity consumers to pay off liabilities owed to power producers and to finance the...
Govt to reduce LNG supply amidst falling demand
LAHORE: The government on Monday directed scaling down of Liquefied Natural Gas (LNG) from both specialised import terminals due to falling fuel...
Dispute arises between customs officials, terminal operators over demurrage charges
LAHORE: A new issue has emerged between the customs clearing officials and terminal operators over demurrage charges that have been incurred during...
SHC seeks govt, OGRA reply in petroleum price hike case
KARACHI:Â The Sindh High Court (SHC) on Monday has sought comments from the Ministry of Petroleum, and the Oil and Gas Regulatory Authority...
US companies eager to participate in Pakistan’s energy sector: David Hale
ISLAMABAD: The US Ambassador to Pakistan David Hale has said that US companies are eager to participate and compete in the energy...
PM chairs meeting on issues related to power sector
ISLAMABAD: Prime Minister Shahid Khaqan Abbasi chaired a meeting on issues related to the power sector and net hydel profits at the Prime Minister’s...
Pakistan, Nepal bilateral trade to boost regional development: Suraj Vaidya
LAHORE: SAARC Chamber President Suraj Vaidya Monday has termed Pakistan Prime Minister Shahid Khaqan Abbasi’s two-day tour to Nepal a golden opportunity...
Experts call for incentivising documentation of economy
KARACHI: Tax experts demanded on Monday that the immunity under Foreign Currency Accounts (Protection) Ordinance 2001 should be removed to improve the...
Domestic borrowing in control, govt striving to curb trade deficit: Rana Afzal
ISLAMABAD: State Minister for Finance, Rana Muhammad Afzal Khan said Monday that the situation regarding domestic borrowing is not alarming.
Responding to a...
SECP reveals 19 per cent increase in new companies registration
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) in February has registered 1,021 new companies. As compared to the corresponding month...
FPCCI fails business community, causes international embarrassment
ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) as a national chamber has lost its credibility to represent the...
Pakistan and China strengthening relationship at Washington’s cost
LAHORE: China in an attempt to bolster its regional influence at Washington’s expense has increased it's diplomatic, economic and strategic ties with...
Fidelity puts 6 million savers on risky path to retirement, claims special report
BOSTON: For three years, the mutual funds in Fidelity’s flagship retirement franchise have outperformed at least 85 percent of their competitors, reversing...