Oil prices stabilize, after Trump’s tweet criticizing OPEC

NEW YORK: Oil prices edged up on Friday, stabilizing after an earlier slide driven by U.S. President Donald Trump’s criticism of OPEC’s role in...

Shell, Unilever to invest £100 million in Pakistan

LAHORE: As Pakistan struggles to sustain its depleting foreign reserves, on Thursday global consumer brand Unilever and Anglo-Dutch oil giant Shell announced investments worth £100 million...

OGRA likely to question SNGPL on charging local gas consumers with LNG rates

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) is likely to seek a response from Sui Northern Gas Pipelines Limited (SNGPL) over the issue...

Fuel prices expected to rise by Rs5 per litre next month

ISLAMABAD: Oil prices are expected to increase by Rs5 for the next month as a result of the swelling crude oil prices in the international...

Three mega LNG-based power plants fail to produce electricity: ICST

ISLAMABAD: Islamabad Chamber of Small Traders (ICST) on Thursday said three mega LNG-based power plants have failed to produce electricity despite repeated deadlines. The failure...

Karachi outages force Amreli Steel to cut production of rebars by 40 percent

LAHORE: Amreli Steels in a notification sent to the bourse Tuesday informed it was cutting down its production of rebars by 40 percent due...

Oil prices touch end-2014 highs, as Saudi backs higher prices

SINGAPORE: Oil prices rose on Thursday to their highest since the end of 2014 as U.S. crude inventories declined and as top exporter Saudi...

CPPA plea to reduce tariff for electricity purchased from sugar mills rejected by Nepra

ISLAMABAD: A Central Power Purchasing Agency (CPPA) plea to reduce tariff for electricity purchased from sugar mills has been rejected by National Electric Power...

PM chairs ECC meeting, accord approvals for power sector

ISLAMABAD: Prime Minister Shahid Khaqan Abbasi chaired a meeting of the Economic Coordination Committee (ECC) of the Cabinet here at the Prime Minister’s Office...

Pakistan’s circular debt surpasses Rs935 billion

ISLAMABAD: Pakistan’s circular debt volume has surpassed Rs935 billion during the PML-N led government since it came into power following 2013 general elections. Meanwhile,...

Natural gas production witnesses decline under present govt

ISLAMABAD: The production of natural gas in the country has witnessed a decline, allegedly to facilitate the business of Liquefied Natural Gas (LNG) during...

Market Daily: KSE 100 drops 389.62pts to selling, political pressures  

LAHORE: The KSE 100 index dropped a whopping 389.62 points, and settled at 45682.24 on Monday. Off to a rocky start once again the 100...

Shell Pakistan set to announce new CEO on 24th April

LAHORE: A notification sent to the Pakistan Stock Exchange (PSX) by Shell Pakistan revealed its Chief Executive Officer Jawwad Ahmed Cheema will move to...

Asian shares mixed, as political risks loom

TOKYO: Shares were mixed in Asia after an upbeat start to the week, with Chinese benchmarks leading decliners. The air strikes on Syria appeared...

Govt contemplating merger of Pakistan LNG Limited, Pakistan LNG Terminal Ltd

ISLAMABAD: The government is contemplating the amalgamation of two state-owned liquefied natural gas (LNG) entities namely Pakistan LNG Terminals Limited and Pakistan LNG Limited. Both...

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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...

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