Petroleum Division rejects media reports regarding hike in gas prices
'SNGPL had not incurred any loss in respect of the sale of RLNG to domestic consumers during the winter season'
ISLAMABAD:Â The Petroleum...
Apple pulls plug on AirPower wireless charging mat
SAN FRANCISCO: Apple has confirmed that it will not deliver on its promise of helping usher in a wireless future with an...
Central bank raises interest rate to 10.75%
The State Bank of Pakistan (SBP) on Friday increased the policy rate by 50 basis points, raising it to 10.75 per cent.
A...
FBR rejects revising tax rates for non-filers withdrawing cash over Rs 50,000
ISLAMABAD:Â The Federal Board of Revenue (FBR) on Friday refuted reports regarding revising the tax rates for non-filers withdrawing cash worth over Rs...
Petrol prices likely to go up by 12%
KARACHI:Â Oil prices are likely to increase by up to 12.8 per cent due to fluctuation in global oil prices for April.
In a...
Dominique Russo appointed CEO of Abu Dhabi Group
The Abu Dhabi Group, which owns and operates Bank Alfalah, has introduced Dominique L Russo as its new chief executive officer.
According to...
‘Pakistan can generate 2.9m MW clean energy from solar power’
Punjab minister says renewable energy will reduce cost of doing business, promote industrialization and encourage investment
LAHORE:Â The three-day 8th edition of 'Solar...
Senate body’s recommendations on tobacco tax collection opposed
Senate panel had recommended FBR to remove the three-tier taxation system on cigarettes
ISLAMABAD:Â The Federal Board of Revenue (FBR) has opposed...
Sony to close smartphone plant in China to cut costs
BEIJING/TOKYO: Sony Corp is closing its Beijing smartphone plant, a spokesman said on Thursday, as the Japanese electronics giant cuts costs in...
UK identifies fresh Huawei risks to telecom networks
LONDON: Britain has identified "significant" issues in Chinese giant Huawei's engineering processes that pose "new risks" for the nation's telecommunications, a government...
Daimler and Geely join forces to build next-gen Smart car
The new vehicle will go on global sale in 2022
BERLIN:Â Mercedes-Benz maker Daimler and Chinese auto giant Geely announced plans Thursday to...
Govt pays Rs42bn to textile sector under PM’s export package
ISLAMABAD:Â The government has provided Rs42 billion to the local textile industry under the Prime Minister Exports Enhancement Package in order to facilitate...
‘Industrial zone to be established in Bajaur’
KP CM's aide says a small industrial zone will not only boost the socio-economic condition of the region but will also...
Total Parco mulls investing $150m in petroleum marketing
ISLAMABAD:Â A delegation of Total Parco called on Minister for Petroleum Ghulam Sarwar Khan on Wednesday and hinted to invest $150 million in...
Govt to increase electricity prices by Rs2 per unit
ISLAMABAD:Â The government on Wednesday decided to increase electricity prices by Rs2 per unit.
The hike in the prices will put an additional burden...