Oil giants cut production as they post massive writedowns

The world’s five largest oil companies collectively cut the value of their assets by nearly $50 billion in the second quarter, and...

Saudi Aramco’s profit plunges, sees signs of oil market recovery

DUBAI: State oil giant Saudi Aramco’s profit plunged 73 per cent in the second quarter of the year, as a slump in...

KP petrol pumps seek permission to facilitate customers without helmets

PESHAWAR: Petrol pump owners in Khyber Pakhtunkhwa (KP) have expressed concerns over the imposition of heavy fines, arrests of petrol pump workers...

NEPRA notifies eight-month variations in fuel charges

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has finally notified adjustments in the approved tariff on account of variations in the...

85pc work on Matiari-Lahore transmission line completed: Asim Bajwa

ISLAMABAD: Special Assistant to Prime Minister (SAPM) on Information and Broadcasting Lt Gen (r) Asim Saleem Bajwa said on Saturday that 85pc...

Google cost per click falls 22pc in 2nd quarter of 2020: reports

SINGAPORE: Advertisers and media agencies that continued spending money on paid digital advertising did so with the lowest costs of media recorded...

TPB to rationalise textile sector tariffs

ISLAMABAD: The Tariff Policy Board (TPB) on Thursday decided to rationalise tariff structure for the textile sector. According to reports the rationalisation of...
Oil-gulf markets

KP demands Rs1,000 per barrel royalty on oil from centre

PESHAWAR: The Khyber Pakhtunkhwa (KP) government on Thursday demanded the federal government to pay Rs1,000 per barrel royalty on oil being extracted...

CCI directs petroleum ministry to explore possibility of provincial input in OGRA

ISLAMABAD: The Council of Common Interests (CCI) on Thursday directed the Ministry of Petroleum and Natural Resources to explore the possibility of...

Oil prices pull back from five-month highs as rising product stocks weigh

LONDON: Oil prices slipped off five-month highs on Thursday as bearish sentiment about fuel demand undermined support from a weak dollar and...

Petroleum Division aligns strategy to achieve self-sufficiency in oil, gas

ISLAMABAD: The Petroleum Division has aligned its strategy to achieve self-sufficiency in the oil and gas sector by introducing radical measures and...
Power sector

KP govt incurring Rs5bn annual losses from Ranial Power Project

PESHAWAR: Due to the unavailability of transmission lines, the Ranial Power Project is causing an annual loss of Rs5 billion to Khyber...
Small businesses

SMEDA increases R&D activities to further SME development in Pakistan 

LAHORE: The Small and Medium Enterprises Development Authority (SMEDA) has increased its Research and Development (R&D) activities aimed at planning the development of...

Cement offtake jumps 41pc to 4.97m tonnes in July

Offtake from the southern region touched an all-time high in July, as total despatches surged 63pc YoY to 1.31m tonnes
Gen Asim Bajwa

Work on 330MW Thar Block-2 power plant in full swing, says Asim Bajwa

Special Assistant to the Prime Minister on Information and Broadcasting Asim Saleem Bajwa on Friday said that the work on the 330...