Govt contemplating to resuscitate disbanded PEPCO
ISLAMABAD: The power division has formulated a proposal to resuscitate disbanded Pakistan Electric Power Company (PEPCO), which targets to controlling uncurbed power...
Saleem Anwar appointed acting President/CEO of Askari Bank
LAHORE: Askari Bank Limited has appointed Saleem Anwar as acting President and CEO of the bank replacing Syed. M Hussaini at the...
Oil prices climb on news of OPEC seen continuing supply cuts through 2018
SINGAPORE: Oil prices rose on Thursday as the producer cartel OPEC and other suppliers look set to continue withholding output for the...
AGP office unwilling to conduct pre-audit of Rs80b circular debt payment
ISLAMABAD: The Audit General of Pakistan (AGP) has shown unwillingness to carry out a pre-audit of circular debt, jeopardizing government’s plan to...
FPCCI, GPCCI sign MoU to enhance business, trade
LAHORE: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Greek-Pakistan Chamber of Commerce and Industry (GPCCI) on Wednesday signed a...
Rs24,489.515mn released for various water, power projects so far
ISLAMABAD: The Planning Commission has released a total of Rs24,489.515 million against the total allocation of Rs102,304.807 million in annual Public Sector...
Government using development projects for political gains: NA committee
ISLAMABAD: As the government is releasing funds to development projects despite the huge budget deficit and financial constraints, the members of National...
PLL negotiating LNG deal with Azerbaijan’s oil company
ISLAMABAD: Pakistan LNG Limited (PLL) is negotiating the supply of Liquefied Natural Gas from State Oil Company of Republic of Azerbaijan (SOCAR)...
PSO to sign POL products’ sale/purchase agreement with Turkish company
ISLAMABAD: Pakistan State Oil (PSO) is in the process of starting negotiations with Turkish Petroleum International Company (TPIC) to sign an agreement...
Business community can enable Pakistan to become an economic giant: Mayor Lahore
LAHORE:Â Mayor Lahore Col (R) Mubashir Javed said on Tuesday that the business community has the ability to turn Pakistan into an economic...
Lt Gen Tariq Khan, HI(M) (Retd) takes charge as CE and MD of FFC
ISLAMABAD:Â The Board of Directors of Fauji Fertilizer Company Limited has appointed Lt Gen Tariq Khan, HI(M) (Retd) as Chief Executive and Managing...
PM inaugurates Tolanj gas processing facility in Kohat
ISLAMABAD:Â Prime Minister Shahid Khaqan Abbasi says the government is determined to enhance gas and electricity production in the country.
Addressing the inaugural ceremony...
Haveli Bahadur Shah power plant nears completion as reliability run test conducted
ISLAMABAD: In a major breakthrough, the authorities successfully completed a Reliability Run Test (RRT) at the Haveli Bahadur Shah Power Plant in...
Japan extends grants assistance for airport security, economic development
ISLAMABAD: The government of Japan has extended a grant assistance worth Japanese Yen 2,892,000,000 (approx. equivalent to $ 27,379,515) to the Government...
NEPRA approves Rs2.28 per unit cut in power tariff
ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has approved 2.28 rupees per unit cut in lieu of fuel price adjustment formula for...