LPG price hikes as imports slow down

The price of liquefied petroleum gas (LPG) has hiked up byRs5 per kg owing to a slowdown in gas imports after Oil and Gas Regulatory Authority (Ogra) set a price ceiling of...

Lame duck PML-N govt blocks building third LNG terminal

With competition nipped in the bud, the consumers shall pay the tab ISLAMABAD: The lame duck PML-N government, whose tenure ended on May 31, 2018, under...

Govt mulls cancelling ‘own money’ on purchase of new vehicles

PM's advisor says govt is chalking out a plan to cancel the registration of dealers who are involved in this illegal business ISLAMABAD: Advisor to...

PIA’s sale of A-310 to German Museum questioned

The management of the Pakistan International Airlines (PIA) is showing interest for a possible sale out of an operational A-310 aircraft to a German...

GE nearing deal to sell industrial engines unit to Advent: Report

Divesting the industrial gas engine business, which includes the Jenbacher and Waukesha engines, would help streamline GE’s power division, whose profit plunged 45 percent last year as sales of power plants and services fell sharply

Gas outages in winters: ECC considering severing gas supply to four fertilizer plants

Islamabad: Consumers this winter could hope for improved natural gas supply this winter season, as the Economic Coordination Committee (ECC) mulls at severing gas...

Zimbabwe plans new currency as dollar shortage bites

HARARE: Zimbabwe will introduce a new currency in the next 12 months, Zimbabwe finance minister said, as a shortage of United States (US) dollars...

Shell Pakistan, Hyundai Nishat embark on landmark partnership

LAHORE: Shell Pakistan Limited and Hyundai Nishat Motor Private Limited have signed an agreement to ensure value for their customers. Bringing this global partnership...

‘Punjab govt to host int’l livestock show next month’

Punjab Chief Minister Sardar Usman Buzdar has said an International livestock show will be hosted by his provincial government in the month of February,...

IT minister tells Senate committee headway expected in recovery of $800m from Etisalat

While answering queries from Senator Imamuddin Shouqeen regarding the sale of PTCL properties, Mr Siddiqui said PTCL had been barred from selling its properties

Three major banks are up for sale. Who will buy them?

For the first time in Pakistani history, three perfectly healthy and viable banks are simultaneously up for sale. None of them is a distressed...

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

Govt mulling salary increase for Ogra chief and its members

Islamabad: The government has instructed the Finance ministry to carry out a study comparing salary packages of different regulators with those being offered in...

IMF man to head State Bank of Pakistan

IMF's resident director for Egypt Dr Reza Baqir appointed as governor of central bank for three years Dr Ahmed Mujtaba Memon appointed as...

NAB initiates inquiry against BoP on defaulter’s complaint

ISLAMABAD: The National Accountability Bureau (NAB) has started an inquiry against Bank of Punjab (BoP) on the issuance of 70 per cent rights shares at...

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Lahore-based amusement company invests over Rs1bn in Rawalpindi

ISLAMABAD: At a time when the country is in desperate need of local and foreign investments, a Lahore-based amusement company, Joyland, under its expansion plan,...

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FBR extends deadline to file tax returns

The Federal Board of Revenue (FBR) on Friday extended the last date for submission of sales tax and federal excise duty for the tax...