Oil prices push up on Iran sanction worries
SINGAPORE: Oil prices rose on Thursday, supported by an expectation that the United States will re-impose sanctions against Iran, a decline in...
Provinces seek ten year tax break for oil and gas companies
ISLAMABAD: A ten-year tax break has been solicited by all provinces on their Provincial Holding Oil and Gas companies (PHCs) in the...
USAID-supported expo showcases cutting-edge energy research by Pakistani scholars
ISLAMABAD: The United States Agency for International Development (USAID) Director of the Office of Education in Pakistan Dr Christopher Steel, joined senior...
NPPMC penalises two firms over production delays in Punjab’s power plants
ISLAMABAD:Â The National Power Park Management Company (NPPMC) has imposed a Rs12 billion penalty on two Chinese firms owing to five months delay...
Oil prices stable, but remain below three-year highs
SINGAPORE: Oil prices were stable on Wednesday but were below the more than three-year highs reached the previous session as rising U.S....
Nepra approves Rs1.86 per unit cut in power tariff
ISLAMABAD: The power regulator refused the request to raise electricity tariff by 44 paisa per unit and directed power distribution companies (DISCOs)...
Fauji Fertilizer gets approval to invest $121 million in Thar Energy Limited
LAHORE: Fauji Fertilizer Company (FFC) Limited board has given go-ahead for an investment of $121 million in Thar Energy Limited (TEL).
In a...
Finance Ministry, NICL express inability for reinsurance of Punjab’s 2460MW power plants
ISLAMABAD: The Ministry of Finance and the National Insurance Company Limited (NICL) have so far expressed their inability to offer reinsurance for $1 billion...
Increased economic cooperation between Pak, Russia urged
KARACHI: Sindh Board of Investment’s Chairperson, Naheed Memon on Tuesday emphasized the need for increased economic and regional cooperation and bilateral trade...
Shell Pakistan appoints new chief executive
LAHORE: Shell Pakistan Limited, in a notification to the Pakistan Stock Exchange (PSX) on Tuesday, announced the appointment of its new chief executive...
$6 million National Incubation Center Karachi to commence operation in May
KARACHI: The National Incubation Center (NIC)’s Karachi chapter will commence operations next month, Chief Executive Officer Ignite, Yusuf Hussain told the media...
Sindh eager to benefit from CPEC, says Murad Ali Shah
KARACHI:Â Sindh is eager to gain maximum benefit from China-Pakistan Economic Corridor (CPEC) as the revelation of the full plan for the corridor...
PM assures provision of electricity in Karachi as tussle between SSGC, K-Electric ends
KARACHI: Prime Minister Shahid Khaqan Abbasi on Monday assured of the provision of electricity in Karachi, as the tussle between Sui Southern Gas Company (SSGC) and...
Engro’s third quarter profit rises 62pc YoY
LAHORE: Engro Corporation, on Monday, in a board of directors meeting held in Karachi approved its financial results for the quarter ended...
Subhani’s group to invest $3 billion in country’s real estate, energy and other sectors
LAHORE: Subhanis Group through its partner BMS International Commercial Investment is set to invest $3 billion in Pakistan’s real estate sector, energy,...