LCCI urges SBP to control rapid surge in price of US dollar, fears economic havoc
LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has demanded from the State Bank of Pakistan (SBP) to control the rapid...
Govt, Asian Development Bank sign agreements to enhance power transmission
ISLAMABAD:Â Government of Pakistan and Asian Development Bank (ADB) signed loan and project agreements amounting $260 million for the Second Power Transmission Enhancement...
Oil prices inch up, as tensions escalate in Middle East
SINGAPORE: Oil prices edged up on Tuesday, lifted by tensions in the Middle East, although rising output in the United States and...
Govt seeks changes to wheeling regulations to limit sale & purchase of electricity via dedicated feeders
ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has been directed by Power Division to limit sale and purchase of electricity into national...
Govt gives go-ahead to construct Diamer-Bhasha dam
ISLAMABAD: After a prolonged delay, Pakistan on Monday gave go-ahead for the establishment of Diamer-Bhasha dam at an initial cost of Rs625...
POL products’ consumption up by 9.7 pc, production by 3.2 pc
ISLAMABAD: The consumption of petroleum products registered a growth rate of 9.7 per cent during the fiscal year 2016-17 as compared to...
One-window operation urged to avoid unnecessary delays in CPEC execution
ISLAMABAD:Â The government remains optimistic about CPEC amidst provincial and regional concerns of tax exemptions to a Chinese company and lack of clarity...
China, Belt and Road countries’ trade volume amounted to $1.1 trillion last year
BEIJING: Last year, trade volume between China and countries along the Belt and Road amounted to $1.1 trillion, up 14.8 per cent...
CDWP approves 34 projects worth Rs365.492 billion
ISLAMABAD: Central Development Working Party (CDWP) has approved 34 projects worth Rs365.492 billion out of which five projects worth Rs333.179 billion were...
Six-year transformation led by Dawood Hercules doubles Hubco generation capacity
LAHORE: Leading investment holding company Dawood Hercules Corporation has headed a six-year turnaround at Hubco during which the company invested in major...
Pakistani, Polish firms to cooperate on upstream projects
WARSAW: Poland’s leading gas company, PGNiG, has agreed with Pakistan’s Mari Petroleum Company to cooperate on upstream projects, PGNiG said on Monday.
“This...
Proposed duty waiver on marble products in Pak-China FTA to hurt domestic industry
ISLAMABAD: As the government has reportedly agreed to allow a duty waiver on marble products from China under the second phase of...
Post recovery, Byco set to become Pakistan’s largest fuel refiner
It is a breezy Friday afternoon in Mauza Kund, Hub (Balochistan), about 50 kilometers west of Karachi and a stone’s throw from...
As stocks ramp up and tariffs loom, aluminium hits 3 month low
LONDON: Aluminium slid to a three-month low on Thursday, hurt by a rise in stocks, the prospect of looming US import tariffs,...
Central development working committee meeting to be held this week
ISLAMABAD:Â The Central Development Working Committee meeting is scheduled to be held this week.
According to details, costly projects worth billions of rupees would...