Govt mulls relocating deposits worth Rs1.9tr
Speculations suggest that IMF has advised the govt to do so in order to avoid the alleged misuse of govt funds
KARACHI:Â The Pakistan Tehreek-e-Insaf...
OGRA computes RLNG transportation cost to Punjab at Rs81 per mmbtu
ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) has computed the transportation cost of Regasified liquefied natural gas (RLNG) to Punjab at Rs81 per million...
Wapda, Chinese firm sign Mangla Dam refurbishment contract
LAHORE: The Pakistan Water and Power Development Authority (WAPDA) Monday awarded a kay project worth Rs1.68 billion to China’s CMAC Engineering Company for Package-9...
Oil prices edge lower, OPEC may ease supply curbs
OPEC may decide to raise oil output as soon as June due to worries over Iranian and Venezuelan supply
ECC extends PM’s export package for next three years
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet, chaired by Prime Minister Shahid Khaqan Abbasi Wednesday approved the extension of Prime Minister’s export...
JMC sketches roadmap for Saudi-Pak cooperation
ISLAMABAD:Â The Pakistan-Saudi Arabia Joint Ministerial Commission (JMC), after holding detailed deliberations for two days, drew a roadmap for future cooperation between the two countries...
Recoveries of power distribution companies drop 1.48pc YoY in FY20: NEPRA report
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has revealed that overall recoveries of the power distributing companies (DISCOs) during the fiscal year 2019-20...
Silk Bank announces Rs1135.2mn profit after tax for 2017
LAHORE:Â The Board of Directors of Silkbank Limited, in its meeting held on March 06, 2018, reviewed the performance of the bank and approved the...
Daniyal proposes amendment in loans for Agriculture, Commercial and Industrial Purposes Act 1973
ISLAMABAD: Minister for Privatisation Daniyal Aziz stressed the need for revisiting the Loans for Agriculture, Commercial and Industrial Purposes Act 1973, which was restricted...
Govt supports documented, taxpaying, tobacco industry: Haroon
ISLAMABAD: Haroon Akhtar Khan, Special Assistant to Prime Minister on Revenue has said that the entire cigarette industry can fully utilise the benefits of...
Oil could rise to $100 by 2019 as global markets tighten, merchants warn
SINGAPORE: Oil prices could rise towards $100 per barrel towards the end of the year or by early 2019 as sanctions against Iran bite,...
CCP issues opinion on competition concerns in the sugar sector of Pakistan
Taking notice of the sugarcane procurement crisis, the CCP held an open hearing on January 25, 2018, providing a platform to all stakeholders including representatives of the federal and provincial governments, growers, millers, retailers, distributors and consumers to express their concerns.
Industry sources accuse PBIT exacting extra fee for handling coal at Port Qasim
According to market officials, the industry had been distressed and the high fee had increased problems for it as well as the exporters
Oil refineries fear shutdown amid rising fuel oil stocks
Pakistan oil refineries have warned the Ministry of Energy that rising fuel oil inventories, driven by the government’s shift to LNG-based power generation, could...
Hascol & Vitol collaborate to venture into LNG sector
Hascol Petroleum is exploring business opportunities in the LNG sector. This was notified in a notice sent to the Pakistan Stock Exchange (PSX) by...
