Rupee devaluation contained, power crisis to be solved via privatisation: Miftah Ismail
ISLAMABAD: Adviser to Prime Minister on Finance Miftah Ismail has said what we were to do about the devaluation of rupee, we...
ICCI calls for decrease in sales tax on POL products
ISLAMABAD:Â The business community here on Tuesday urged the government to withdraw increases in sales tax on some petroleum products, since the price...
Hascol’s profit after tax rises 10.8pc YoY
LAHORE:Â In a notification to the Pakistan Stock Exchange (PSX) on Tuesday, Hascol Petroleum Limited declared its financial results for the year ended...
SNGPL and SSGCL recover losses from stolen gas by charging extra from consumers
ISLAMABAD: Following an approval from the Oil and Gas Regulatory Authority (OGRA), two state-owned gas utilities, SNGPL and SSGCL, are annually charging...
Pakistan’s mystery billionaire
“He’s the Howard Hughes of Pakistan. Nobody ever sees him. You’re the first ones (among journalists) who are going to witness him...
Bahrain discovers biggest oil field in its history
DUBAI:Â Bahrain on Sunday announced it has discovered the largest oil and gas field in the history of the small kingdom, which unlike...
Water scarcity could topple all economic efforts in near future
ISLAMABAD:Â To ensure overcoming water shortage and achieving sustainable economic growth, the Islamabad Chamber of Commerce and Industry (ICCI) Saturday called upon the...
Petrol, diesel prices slashed by Rs2 for April 2018
ISLAMABAD: The government on Saturday announced a reduction in prices of petrol and diesel by Rs2.07 and Rs2.00 per litre, respectively, for...
KCCI urges lawmakers to ensure uninterrupted electricity to industrial zones
KARACHI:Â Karachi Chamber of Commerce and Industry (KCCI) President Muffasar Atta Malik, while expressing deep concerns over the current spell of unannounced load...
US crude production rose by 6,000 barrels per day in January: EIA
WASHINGTON: U.S. crude production rose by 6,000 barrels per day (bpd) in January to 9.964 million barrels per day, the Energy Information...
Govt looks towards long-term agreements for LNG supplies
ISLAMABAD: To reduce its dependence on spot purchases of Liquefied Natural Gas (LNG), the government is mulling to sign long-term sale and...
Govt gives security clearance to K-Electric deal
ISLAMABAD: A major hurdle in the way of K-Electric’s sale to Shanghai Electric Power has been removed as the government on Friday...
SDPI budget proposals 2018-19: Govt urged to pursue simplification of tariff regime
ISLAMABAD: As the government has decided to announce the budget on April 27, it has been urged to simplify tariff regimes and reduce...
Neelum Jhelum Hydropower project’s 1st unit to start generation on April 13
ISLAMABAD: The first unit of 969 MW Neelum Jhelum Hydropower project, located in Azad Jammu and Kashmir (AJK), will start supplying 470...
Contract for country’s first supercritical coal-fired power project in Jamshoro signed
JAMSHORO: The management contract of Jamshoro Coal-Fired Power Project was signed between the Jamshoro Power Company Limited (GENCO) and Siemens Harbin Electric...