PPIB MD removal to be deliberated upon in next BOD meeting
ISLAMABAD: Private Power and Infrastructure Board (PPIB) board of directors are set to deliberate upon whether to remove the current Managing Director, Shah Jahan...
High-powered committee reviews Nepra’s decision for tariff reduction
A special high-powered ministerial committee meeting was summoned to review power regulator's (Nepra) decision of reducing multi-year tariff by Rs 3.5 for K-Electric (KE)...
NCPL posts profit of Rs3.406 billion in FY18
The decline in net sales was attributed to the lower level of dispatches, down 30 percent YoY, however, furnace oil had undergone an increase of 27 percent YoY.
Oil prices fall, as China-US trade war threat looms
SINGAPORE: Oil prices reversed earlier gains on Monday as concerns of a looming trade dispute between the United States and China weighed on global...
Facebook’s Libra currency abandoned by major financial companies
Facebook Inc's ambitious efforts to establish a global digital currency called Libra has suffered severe setbacks, as major payment companies including Mastercard and Visa...
Tareen questions criteria of govt audit of his sugar mills
Pakistan Tehreek-e-Insaf (PTI) senior leader Jahangir Khan Tareen, who is under fire over his alleged involvement in the sugar crisis, has questioned the criteria...
Standard Chartered profits grow 3 percent YoY, touch Rs5.2 billion in 1st half of 2018
SCB posted strong growth in advances by 12 percent from the start of this year and client revenue rose by 10 percent YoY
PSO’s receivables balloon to over Rs300 billion
ISLAMABAD: Pakistan State Oil’s financial woes continue as its receivables are said to have swelled over Rs300 billion.
The state-owned oil marketing giant is desperately starved...
Government initiates inquiry against oil companies
ISLAMABAD: The federal government has initiated an inquiry against Oil Marketing Companies (OMCs) that will ascertain their alleged involvement in the current oil supply...
SSGC to build 370km pipeline from Karachi to Sawan
New plans have been outlined by state-owned gas utilities to install new pipelines which will allow for shipment of higher volumes of imported gas from Karachi...
Joint venture strikes oil, gas in Kohat
ISLAMABAD:Â The Oil and Gas Development Company (OGDC) said on Tuesday that it has found oil and gas at its condensate at Togh well-1 in...
Vitol partnering with Total on setting up LNG import facility in Karachi
LONDON/ISLAMABAD/DHAKA: Vitol is targeting Southeast Asia’s booming liquefied natural gas (LNG) markets to boost sales and catch up with rival commodity traders by developing...
Govt foregoes 50% of GIDC or Rs200 billion to fertilizer, CNG and textile sector
Due to the 50% waiver provided by the government, the fertilizer and CNG sector is required to pay Rs80 billion each
FPCCI calls for steps to improve food and water security
Islamabad: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday called for improved food and water security.
The challenge of feeding a...
DISCOs seek periodical adjustments in consumer-end tariff
ISLAMABAD: Power distribution companies (DISCOs) including IESCO, FESCO and LESCO has sought from the National Electric Power Regulatory Authority (NEPRA) to approve adjustments in...
