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)...
Govt considering fixed Rs20 per litre GST on petroleum products
As oil prices decline in the international market, the government in a bid to protect its revenues is considering setting the General Sales Tax...
India’s richest man to take on Amazon, Walmart in e-commerce
Asia’s richest man Mukesh Ambani announced details of a new online shopping platform Friday that will see his oil-to-telecoms conglomerate take on Amazon and...
Chinese company likely to set up textile unit in Karachi
One of the leading Chinese textile machinery manufacturers, Qingdao Haijia is currently in a negotiation process for setting up a manufacturing plant for its...
Turkmenistan seeks South Asian markets after power plant boost
Central Asian states are jockeying to supply electricity to potentially promising markets in Afghanistan and Pakistan
IDEAS 2018:Â Pakistan’s defence capabilities leave locals, foreigners in awe
KARACHI:Â The tenth International Defence Exhibition and Seminar (IDEAS 2018) started on November 27 and concluded on Friday. More than 200 delegations from 51 different...
TPL Properties signs MoU with Equitativa to establish first RMC in Pakistan
The agreement marks first foreign direct investment in real estate sector after amendments in regulations
ISLAMABAD: TPL Properties has signed a memorandum of understanding...
TDAP to participate in Frankfurt’s Heimtextil trade fair in 2021
ISLAMABAD: The Trade Development Authority of Pakistan (TDAP) will participate in the Heimtextil trade fair to be held in Frankfurt from January 12 to...
MEPCO disconnects power of 25 textile mills despite ‘extension in payment date’
LAHORE:Â The Multan Electric Power Company (MEPCO) on Monday flouted the notification of the Power Division regarding an extension in the date of electricity bills...
‘Pakistan’s hydrocarbon reservoirs to deplete 60pc by 2027’
ISLAMABAD: Quoting a recent study about the fast depleting hydrocarbon reservoirs in the country, a senior official privy to the petroleum sector feared that...
Oil prices fall as investors take profits amid China economy worries
Brent crude oil futures were at $61.09 per barrel at 0353 GMT, down 36 cents, or 0.6 percent, from their last close
WB capitulates and revises Pakistan external financing needs to $17b
Islamabad: World Bank on Monday capitulated and admitted to its negligence of overestimating Pakistan’s external financing needs for current financial year 2017-18.
This development comes...
K-Electric restores critical customer services after cyber attack
K-Electric, the sole electricity provider for Karachi, experienced a cyber attack earlier this week that led to the disruption of billing and online services.Â
“While...
Hong Kong-based investment bank returns to Pakistan’s capital markets. But why?
CLSA, a subsidiary of a Chinese state-owned company CITIC, has acquired a stake in Bank Alfalah’s securities trading arm Alfalah Securities
UAE keen to invest in Pakistan’s energy sector: envoy
ISLAMABAD: Energy Minister Omar Ayub Khan on Wednesday met Ambassador of United Arab Emirates (UAE) to Pakistan Hamad Obaid Ibrahim Salem Al-Zaabi to discuss...
