Hascol’s profit after tax rises 10.8pc YoY
LAHORE:Â In a notification to the Pakistan Stock Exchange (PSX) on Tuesday, Hascol Petroleum Limited declared its financial results for the year ended...
ATM hacking’s cause HBL Rs10 million losses
KARACHI: Bank customers in Karachi have come under duress after reports surfaced a number of ATM users were defrauded after experiencing unauthorized...
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...
Report puts entire blame of gas crisis on MD’s of SNGPL & SSGC
According to officials, the major beneficiaries of the recent gas crisis was the oil mafia which was successful in promoting the utilization of imported furnace oil in power plants in contravention of the merit order
Zong to invest $200m in Pakistan
China Mobile Pakistan (Zong) has announced its plan of further investing  $200 million in the country, in order to expand its coverage...
Indian extradited to US from Singapore in call centre fraud
WASHINGTON:Â Singapore has extradited an Indian national to the United States to face charges in a call centre fraud that scammed millions of...
Patent, copyright registrations on the rise in Pakistan
KARACHI: A steady surge has been noticed in the number of patent registrations and the copyrights applications received at the World Intellectual...
Govt should tighten rules to control ‘Own Money’
The plight of a cash economy is exhibited in numerous forms. Most importantly, it gives rise to a parallel economic system wherein...
Pakistani exporters urged to tap Malaysian meat market
'Half of Malaysian meat demand is being fulfilled by Australia, Brazil, New Zealand, India, China and Thailand, which are all non-Muslim...
Overseas Pakistanis remit $19.622bn, an increase by 1.4pc from last year
KARACHI: The State Bank of Pakistan (SBP) received the workers’ remittances of $19.622 billion in the last fiscal year (2017-18), up by...
NEPRA approves 57 paisa per unit hike in power tariff
‘Electricity price has increased because power plants were not supplied LNG from 6th to 30th Dec 2018’
ISLAMABAD:Â The National Electric Power Regulatory...
German companies express interest to invest in wind energy
Hyderabad: German companies have expressed keen interest in investing in wind power in Pakistan, aiming to assist the government in overcoming the...
GSMA recommends tax cuts for Telecom sector
Higher taxes mean lower purchasing power of an average consumer. (Groupe Spéciale Mobile) Association (GSMA) has set out a number of measures...
Shadow banking grows in Abid market, as conventional banks fail
Numerous shops in Abid Market that provide electronic products on instalments to interested consumers, charge markup rates as high as 30 to 40 per cent in some cases. However, despite such high markup rates, a large number of consumers daily flock to the market to buy electronics on instalments.
Oil-hungry Asian nations pounce on low prices to build stockpiles
Some oil-hungry Asian nations are taking advantage of the collapse in prices caused by the coronavirus pandemic to build up their crude...