PetroChina to acquire storage facilities, petrol pumps in Pakistan
BEIJING: PetroChina’s oil and gas trading arm aims to buy petrol stations and fuel storage facilities, setting up business in Pakistan, West Africa,...
Pakistan-Uzbekistan agree to enhance bilateral cooperation
ISLAMABAD: Pakistan and Uzbekistan on Wednesday agreed for enhancing bilateral cooperation and sharing each other’s expertise in the fields of agricultural and...
United Auto set to introduce 800cc car
LAHORE: United Auto Industries which announced its entry into car manufacturing last month is set to launch an 800cc car in 2018.
The...
Gas consumers to bear extra cost of new gas supply schemes
ISLAMABAD: The federal government’s proposal to provinces of bearing cost of new gas supply projects near gas fields has been rejected outright,...
Refineries mull furnace oil exports, to restart production
LAHORE: Pakistan’s decision to move to Liquefied Natural Gas in place of furnace oil for fuel generation purposes has created a conundrum...
Another complete shutter down observed against imposition of taxes in GB
ISLAMABAD: As the government has failed to resolve the issue of imposition of taxes in Gilgit Baltistan without giving the region constitutional...
Country’s reserves decline by $303.3mn
KARACHI: Despite the free market and depreciation of Pak-rupee, total reserves of the country declined by $ 303.3 million till December 15,...
Decades-old $93.5mn dispute hampering Pak-Russia economic relations
ISLAMABAD: The three-decade-old $ 93.5 million trade dispute hampering Pakistan’s economic relationship with Russia, Pakistan Today learnt reliably.
Information available with this scribe...
Government obtains $2.7billion loan in five months
ISLAMABAD: The government has taken $ 2.7 billion loans from commercial banks and multilateral or bilateral institutions during the first five months...
Lahore Chamber for early tax refunds of exporters
LAHORE: Lahore Chamber of Commerce and Industry (LCCI) on Wednesday urged the government to resolve export-oriented industry's issues like delay in refund...
Country’s current account deficit widens to $6.430bn in Jul-Nov 2017-18
KARACHI: Despite all efforts of the federal government to reduce the current account deficit (CAD), the country’s CAD further widened to $...
Market Daily: PSX takes a breather, recovers 289 points
LAHORE: Sentiments at the Pakistan Stock Exchange (PSX) were weak again on Wednesday in absence of a positive trigger. Media reports quoted...
WB approves $825mn loan to support power transmission, health, education
ISLAMABAD: The World Bank (WB) on Monday approved an $825 million funding for Pakistan to bolster its electricity transmission and distribution network,...
Ten Rs25 billion SEZ projects face delays, threatens investment
ISLAMABAD: Over ten projects of Rs25 billion in various sectors like automobile, auto parts, steel and pharma have been marred by delays...
External financing gap stands around $12 billion, says: SBP governor
ISLAMABAD: In an in-camera briefing to National Assembly Standing Committee on Finance and Revenue on Tuesday, State Bank of Pakistan Governor Tariq...