Iran, Turkey, Russia ink oil cooperation agreement
TEHRAN
A tripartite oil partnership and investment agreement were signed in Moscow between Iran, Turkey and Russia.
The three-party oil deal was sealed between...
Overseas Pakistanis remit $1.54bn in first month of FY17-18
KARACHI
Overseas Pakistani workers remitted $1.542 billion in the first month (July) of 2017-18 as compared with $1328.18 million received during the same...
Market Daily: Investors feel heat of political temperature
LAHORE
There was blood on the bourses as the ousted former prime minister Mian Muhammad Nawaz Shareef came out on the streets of...
K-Electric gets approval for setting up a 900MW R-LNG power plant at Bin Qasim
Karachi: In a notification sent to the bourse on Thursday, K-Electric (KEL) announced that in a board meeting held on August 9th,...
FPCCI urges FBR to mirror its property valuation rates with open market prices
Karachi: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday requested the government that property valuation rates should match market...
PM directs power and finance ministry to formulate strategy for reducing circular debt
Islamabad: The relevant stakeholders in the power industry on Wednesday were directed by PM Shahid Khaqan Abbasi to investigation the reasons for...
PSO pondering Rs40b investment to expand market share
Karachi: According to Taurus Securities, Pakistan State Oil (PSO) the state-owned conglomerate is considering investing up to Rs40b for revamping its storage...
PCMA calls for joint-ventures with China in chemical sector
Lahore: Pakistan Chemical Manufacturers Association (PCMA) has urged the government to include the chemical sector in China-Pakistan Economic Corridor (CPEC).
In a meeting...
South Korean entities vie for better economic ties with Pakistan
Lahore: The economic growth of Pakistan has impressed South-Korean companies and they are eager to establish and develop their business operations here...
Spices export earn $84.022m during FY 2016-17
Islamabad: Pakistan exported spices worth $84.022 million during the fiscal year 2016-17, showing growth of 9.58 percent in trade compared to same...
Russian company agrees to setup oil refinery in KP
Islamabad: A memorandum of understanding (MOU) Â was signed between Russian consortium of investors which includes Inter-Rao Engineering and Himmash Apparat will be...
PM Abbasi calls for shift to RLNG power plants
Islamabad: Pakistan which currently produces 60pc of its electricity from furnace oil, will see it being gradually replaced by Liquefied Natural Gas...
Deadlock persists between PSM and NIP over land sale price
Islamabad: A meeting between Pakistan Steel Mills (PSM) and National Industrial Parks Development and Management Company (NIP) took place yesterday to resolve...
Fertilizer dealers oppose demand of NTN by FBR
Karachi: The fertilizer industry has appreciated the recent issuance of a notification by the government. However, some objections are still being raised...
Domestic growers urge government to reduce cotton imports
Islamabad: Cotton growers on Wednesday urged the government for offering level playing field to local farmers in order to reduce the import...