Asians stock markets slip after record highs on Wall Street

Tokyo: Asian shares wavered on Tuesday, bolstered by record highs on Wall Street but hobbled by uncertainty as traders waited on a Federal Reserve...

ADB $900m loan faces bureaucratic hurdles and procedural delays

Islamabad: A local newspaper reported that $900m Asian Development Bank (ADB) funding approved for Pakistan has been affected by bureaucratic hurdles and complex procedural...

Monster of circular debt resurfaces, goes beyond Rs729bn

ISLAMABAD Despite tall claims of good governance by Pakistan Muslim League-Nawaz (PML-N) government, the menace of circular debt has resurfaced once again to an alarming...

Chinese entity to setup coal-fired power plant in Gwadar

Karachi: National Electric Power Regulatory Authority (NEPRA) has accepted the application of China Communications Construction Company Limited (CCCC) for setting up a 300 megawatt...

Gasoline consumption went up during FY 2016-17

Islamabad: Gasoline consumption went up during last financial year 2016-17, according to a senior finance ministry official reported a local newspaper. The official attributed this rise...

Global oil prices near 5-month highs on forecasts of rising demand

New York: Brent oil prices held near five-month highs on Friday, and were on track for the biggest weekly gain since late July, on...

SNGPL shuns KPMG report on UFG losses

Islamabad: Sui Northern Gas Pipelines Ltd (SNGPL) has shunned KPMG Taseer Hadi and Co’s report pertaining to unaccounted for gas (UFG) losses reported a...

Petrol shortage feared as stocks fall to alarmingly low level

Islamabad: A local newspaper reported that falling stocks of POL products could lead to a shortage over the next few days. All POL stocks are in...

PM directs power ministry, heads of DISCOs to improve efficiency

ISLAMABAD Prime Minister Shahid Khaqan Abbasi Friday directed Ministry of Power and the heads of the power distribution companies (DISCOs) to come up with a...

OGDCL profits disappoint as increase of 6.3pc reported for FY 2016-17

Karachi: In a notification sent to the bourse on Friday, Oil and Gas Development Company Ltd announced its results for the financial year 2016-17,...

Pakistan Petroleum Ltd profits surge by 107pc for FY 2016-17

Karachi: In a notification sent to the bourse on Friday, Pakistan Petroleum Limited (PPL) announced its results for the financial year 2016-17 ended 30th...

Senators raise questions over perks being granted to PSO MD

 Islamabad: Senators on Wednesday questioned the salary, allowances and perks being  enjoyed by Pakistan State Oil (PSO) Managing Director Imranul Haque. During the question hour,...

KPMG report suggests OGRA to permit 7.1pc UFG allowance for SSGC and SNGL

Karachi: Consultant KPMG Taseer Hadi and Co hired by Oil and Gas Regulatory Authority to provide independent advice for the proposed breakup of SNGPL...

SSGC intensifies effort to control natural gas theft

KARACHI Spurred on by the Gas Theft Control and Recovery Act 2016, passed by the current National Assembly, SSGC has intensified its efforts to control...

Govt finalises plan to end electricity crisis prior to elections 2018

ISLAMABAD The federal government has finalised a plan to end electricity crisis prior to next general elections in the country by rationalising the power tariff...

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