Huawei already producing 5G base stations without US parts: CEO
HONG KONG: Huawei Technologies Co Ltd's founder and CEO Ren Zhengfei said on Thursday the company is already producing 5G base stations...
Oil companies warn for halting operations to produce POL products
KARACHI: Almost all the oil refineries including Byco and Parco in Pakistan warned the government to stop production of Furnace Oil in...
Artificial Intelligence can help power utilities increase their efficiency
FRANKFURT: Utilities can increase their efficiency by using more artificial intelligence (AI) technology, such as software to predict demand swings in the...
Circular debt parked in PHPL surged 454pc to Rs582 billion since 2008
The shortfall in bill collection by distribution companies since 2013-14 has been projected at Rs434 billion
Aisha Steel Mills Ltd- Yet another business case built on protectionism
Located at Bin Qasim Industrial Park in Karachi, Aisha Steel Mills Limited (ASML) is aiming to more than triple its production before...
Mobile Banking, Internet Banking flourishing in Pakistan
ISLAMABAD: A total of 2.3 million Internet Banking users have been registered by end of June 2017, showing a reasonable annual growth...
Pakistan gets ready to woo Saudi crown prince
Saudi Arabia is reportedly preparing to sign a record investment package with Pakistan, including a $10 billion refinery and oil complex for the strategic Gwadar Port on the Arabian Sea
Russia starts fuel exports to Iran by rail
MOSCOW: Russiastarted fuel exports to Iran by rail this year for the first time after traditional buyers shunned trade with Moscow, according to...
Hascol Petroleum completes acquisition of Marshal Gas’s LPG plant for Rs175 million
In March last year, Hascol Petroleum in partnership with Vitol formed a new company called VAS LNG (Private) Limited that will deal with the activities relating to the LNG sector.
Car sales inch up by 1.1 percent in July-September 2018
The country’s auto sales grew by 3 percent YoY in September 2018, breaking the trend of falling volumes in the past couple of months
As trade deficit declines, export growth disappoints
Growth in imports has stalled, but the rise in exports has failed to deliver tangible results and should be a cause of concern for the government
Low gas pressure continues to impact KE’s generation capability
K-Electric (KE) continues to be challenged by low gas pressure from the Sui Southern Gas Company (SSGC), said Karachi’s sole energy provider...
OGRA imposes Rs40mn penalty on six OMCs
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has imposed a penalty amounting to a total of Rs40 million on six Oil...
OGDCL injects 17 new oil, gas wells in production gathering system
ISLAMABAD: The Oil and Gas Development Company (OGDCL) has injected 17 new oil and gas wells, producing 359,267 barrels of crude oil and...
Matco Foods concludes IPO, gets successfully listed on PSX
LAHORE: A bourse notification filed Monday, Pakistan Stock Exchange (PSX) approved the application for listing and quotation of shares of Matco Foods Limited...