New oil, gas reserves discovered in Attock
ATTOCK: Pakistan Oilfields Limited has discovered new oil and gas reserves at TAL Block, increasing the hydrocarbon reserves of the country.
POL has been informed...
Govt decreases borrowing from SBP
LAHORE: Government's borrowing from State Bank of Pakistan (SBP) was lower at the end of the third quarter of the current fiscal year compared...
Prime Minister wants to privatise the DISCOS fast. What is taking so long?
The DISCOs problem has been a major concern for successive governments in recent years. Will a solution ever take shape?
KP millers fear acute flour crisis as wheat supply drops to 3,000 tonnes
PESHAWAR: Despite tall claims by the Khyber Pakhtunkhwa (KP) government to have adequate supply of wheat in the province, the provincial food department has...
Sui Southern Gas Company reports significant profit turnaround
Gross profit rose by 114% YoY for the quarter ending Sep 2023
Industrialists seek further cut of Rs100bn in GIDC
ISLAMABAD:Â The industrialists have urged the finance ministry to ensure further Rs100 billion cut in the head Gas Infrastructure Development Cess (GIDC), it was learnt...
IGXEP initiative to fix Pakistan’s energy woes: minister
ISLAMABAD: Power and Petroleum Minister Omar Ayub Khan said on Tuesday that the Power Division was in the process of finalising an Integrated Generation...
SNGPL proposes construction of North-South gas pipeline at $1 billion
ISLAMABAD: The Sui Northern Gas Pipelines Limited (SNGPL) has been considering constructing the 1,100 kilometre (km)-long North-South Gas Pipeline (NSGP) at a cost of...
MOL spends Rs90mn on water supply schemes
PESHAWAR: MOL Pakistan Oil and Gas Company has spent over Rs90 million till date to ensure the provision of clean drinking water to the...
Pakistan Petroleum Ltd profits surge by 107pc for FY 2016-17
Karachi: In a notification sent to the bourse on Friday, Pakistan Petroleum Limited (PPL) announced its results for the financial year 2016-17 ended 30th...
Cabinet’s approval sought for appointment of new directors of public entities
ISLAMABAD: The Ministry of Energy (MoE) has sought approval of the federal cabinet against its nominated directors to fill casual vacancies in the Board...
US companies put record number of robots to work in 2018
USÂ companies installed more robots last year than ever before, as cheaper and more flexible machines put them within reach of businesses of all sizes...
Exporters advised to register with REX system to keep availing EU’s GSP+ facility
Karachi: Federation of Pakistan Chambers of Commerce and Industry, Vice-President Irfan Ahmed Sarwana on Tuesday at a seminar urged exporters to register themselves with...
NPLs fall in the last quarter of CY2016
Non-performing loans (NPLs) went down in the last quarter of the calendar year 2016 while small and medium enterprises (SMEs) continued to have the...
Reliance Communications says committed to settle dues with Ericsson
The transaction was key to the debt-laden telecom operator’s restructuring plan, announced in May 2018, which entailed the sale of telecom assets such as towers and airwaves to Jio
