Oil caught between trade talk hopes, weak China data
Oil futures received support from a broader financial market rally, which saw Asian shares hit four-month highs on Friday on hopes the United States and China could strike a trade deal
CNG sector hopeful of resurgence says: APCNGA
Islamabad: The All Pakistan Compressed Natural Gas Association (APCNGA) expressed confidence on Tuesday in a strong revival of the CNG sector on the back...
China to welcome Pakistan for collaboration in aerospace industry
BEIJING:Â China will welcome Pakistan for joint collaboration to find a prominent place in the global aerospace industry, officials said on Thursday.
The two sides have...
OGDCL discovers gas, condensate in Hyderabad
In a major development, the Oil and Gas Development Company Limited (OGDCL) has announced the discovery of gas and condensate reserves in district Hyderabad,...
Hascol Petroleum to pay $9.5 million to Mena Energy for out of court settlement
LAHORE: A bourse notification filed Monday by Hascol Petroleum Limited (HPL) announced it reached an out of court settlement with Mena Energy DMCC and...
Electricity Transmission system poses threats for zero load-shedding claims
LAHORE: Surprises await PML-N government for relying on unreliable and ineffective electricity transmission system that lacks a crucial ingredient required for energy planning and...
JCR-VIS reaffirms entity ratings of OGDCL at AAA/A-1+
KARACHI: JCR-VIS Credit Rating Company Limited has reaffirmed the medium to long-term entity rating of Oil and Gas Development Company Limited (OGDCL) at tipple...
China’s November export, import growth shrinks; surplus with U.S. record high
China’s trade surplus with the United States was $35.55 billion in November, a record high and compared with $31.78 billion in the preceding month
Big electric shock of Rs 5.40 per unit hike on the cards
ISLAMABAD: The government on Wednesday asked the National Electric Power Regulatory Authority (NEPRA) to recover Rs 5.40 per unit increase in power tariff from...
Local tyre manufacturers welcome rise in import duties
LAHORE: The imposition and increase of regulatory duties on various categories of tyres has been endorsed by the country’s leading tyre manufacturers.
The governments move...
Pak Suzuki Motors declares Rs394m profits in Q2FY18
KARACHI: Pak Suzuki Motor Company (PSMC) Tuesday declared a profit of Rs394 million in Q2FY18 despite price increases as well as the volumetric growth of 25.5...
Saudi Arabia’s oil supply disrupted after drone attacks
DUBAI/LONDON: Saudi Arabia’s oil production and exports have been disrupted, said three sources familiar with the matter, after drone attacks on two Aramco plants...
ABAD lauds resumption of high-rise constructions in Karachi
SC had lifted its ban on high-rise construction on 11th Dec 2018; however, Sindh govt took more than one month to direct SBCA...
Pakistan receives first LNG shipment from Nigeria
ISLAMABAD: A cargo shipment carrying 70,000 tons of Liquefied Natural Gas (LNG) from Nigeria arrived on Friday at Floating Storage and Regasification Unit of...
Mango exporters, treatment firms reject proposed new export policy for Iran
ISLAMABAD: Key stakeholders within the mango export industry have voiced serious concerns regarding the composition and decisions of the Mango Export Committee headed by...
