Saudi says no immediate plan to boost oil output as Iran waivers end

RIYADH: Saudi Arabia has no immediate plans to raise oil output after the United States ends sanctions waivers for buyers of Iranian crude, energy minister...

HBL’s profit increases 14pc to Rs8.4bn in 1st quarter 2019

HBL on Wednesday declared a consolidated profit after tax (PAT) of Rs3.2 billion with earnings per share of Rs2.08 for the first quarter of...

Govt urged to facilitate gemstone sector

Owing to the non-availability of a safe and guaranteed space, investors hesitate to invest in this sectorISLAMABAD: All Pakistan Commercial Exporters Association (APCEA), in...

Current account deficit may shrink to $7bn in FY19: APTMA

The All Pakistan Textile Mills Association (APTMA) Patron-in-Chief Gohar Ejaz has expressed hope that the current account deficit would be down to zero within...

‘Rs51bn recovered from power sector in four months’

ISLAMABAD: Power Division Minister Omer Ayub Khan said on Tuesday that recovery in the power sector has witnessed an overall increase of Rs51 billion throughout...

Oil hits highest since November as US tightens Iran sanctions

LONDON: Oil prices hit their highest since November on Tuesday after Washington announced the end of all waivers on imports of sanctions-hit Iranian crude, pressuring...

Cement exports rise 33pc in nine months

The country's merchandise trade deficit plunged by 13.02pc during July-March 2018-19ISLAMABAD: The exports of cement from the country witnessed an increase of 32.81pc during...

FTA with China to help boost Pakistan’s textile exports: Dawood

'Pakistan will avail duty-free market share from China, equivalent to the share enjoyed by the Association of East Asian Nations'ISLAMABAD: Adviser to Prime Minister...

US sanctions over Iran oil will ‘intensify Mideast turmoil’: China

BEIJING: China warned on Tuesday that the US decision to impose sanctions on buyers of Iranian oil will "intensify turmoil" in the Middle East...

PM Imran seeks stronger trade ties with Iran

TEHRAN: Prime Minister Imran Khan said on Monday that it was time for both Pakistan and Iran to chalk out ways to enhance their bilateral...

PSO posts Rs5.9bn profit after tax in nine months FY19

Pakistan State Oil (PSO), the leading oil marketing company of Pakistan, recently convened its board of management (BoM) meeting to review the company’s performance...

Govt, ITFC sign $551m loan agreement for import of oil, LNG

ISLAMABAD: Adviser to Prime Minister on Finance, Revenue and Economic Affairs Dr Abdul Hafeez Shaikh witnessed the signing of a loan agreement amounting to...

POL production falls 5.5pc in eight months FY19

ISLAMABAD: The overall production of petroleum commodities witnessed a decline of 5.5 per cent during the first eight months of the current fiscal year (FY19)...

China to offer 90pc market access to Pakistani exporters: envoy

'In return, China only seeks 60pc market share in Pakistan'ISLAMABAD: Chinese Ambassador Yao Jing said on Monday that China is ready to give Pakistani...

US prepares to end Iran oil waivers; Asian buyers to be hardest hit

WASHINGTON/SINGAPORE: The United States is expected to announce on Monday that buyers of Iranian oil need to end imports soon or face sanctions, a source...

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SC restores taxes on cellular top-up

CJP says apex court will not intervene in public revenue and tax collection propositionsISLAMABAD: The Supreme Court (SC) on Wednesday ordered the restoration of all...