Gas crisis ends as PLL secures additional LNG cargos at low rates

ISLAMABAD: The country's gas crisis is almost over as Pakistan LNG Limited (PLL) has made arrangements for the import of additional cargos of...

HBL’s Muhammad Aurangzeb becomes Pakistan Banks’ Association chairman

Habib Bank Limited President and CEO Muhammad Aurangzeb has been unanimously elected as the Pakistan Banks’ Association (PBA) chairman, following the completion...

Govt urged to curb sale of smuggled tyres

'Govt should re-evaluate the data of items being imported via Afghan Transit Trade' ISLAMABAD: Local tyre manufacturers have urged the government to curb...

Saudi minister ‘very optimistic’ about oil market

ABU DHABI: Saudi Energy Minister Khalid al-Falih said on Tuesday he was “very optimistic” about the outlook for the oil market after producers...

Emirates to reduce flights to Pakistan

The impact on flights to Pakistan includes flights from Dubai to Islamabad, which will be reduced from 11 to seven flights weekly, Dubai to Karachi flights will be reduced from 35 to 23 weekly, whereas flights from Dubai to Lahore will be reduced from 10 to nine weekly and flights to Peshawar will be reduced from five to three weekly

Cumulative output of Port Qasim power plant exceeds 7.5 billion kWH

The tariff of Port Qasim power plant is below the average tariff level in Pakistan

‘Textile sector to be developed with trained workforce’

ISLAMABAD: Adviser to the Prime Minister on Commerce Abdul Razzaq Dawood has vowed to develop the textile industry on modern lines. Chairing a meeting...

Energy task force chairman allegedly owes Rs800m to SNGPL

London Court of Arbitration had ordered Orient Power to make payments to SNGPL ISLAMABAD: Energy Reforms Task Force Chairman Nadeem Babar, the alleged...

KSA will invest $10bn in Gwadar, petroleum minister reiterates

'Saudi Arabia will set up an oil plant that will refine over 200,000-300,000 tonnes oil per day' Saudi Arabia will invest $10 billion...

Sh Rasheed invites Turkish rail companies to invest in Pakistan

ISLAMABAD: Railways Minister Sheikh Rasheed Ahmed said on Monday that Pakistan Railways has a great potential to develop connectivity in the region...

Realme C1 – An entry level smartphone and a better choice

Sponsored Content Realme, an emerging smartphone brand that specialises in providing high quality smartphones, has launched in Pakistan on January 02, 2019. The company...

TPL Properties signs MoU with Equitativa to establish first RMC in Pakistan

The agreement marks first foreign direct investment in real estate sector after amendments in regulations ISLAMABAD: TPL Properties has signed a memorandum...

Additional revenue measures of up to Rs150 billion expected in upcoming mini-budget: Report

The brokerage house said the hike in interest rate by 425 basis points and rupee devaluation of 24% since December 2017 have cumulatively increased annual debt servicing requirement of government by Rs700-800 billion

Oil slides on China trade slump, but crude imports remain high

International Brent crude oil futures were at $59.91 per barrel at 0403 GMT, down 57 cents, or 0.9 percent from their last close

China requested to remove 1320MW power project from CPEC

Also, hundreds of other schemes coming under the ambit of the Public Sector Development Programme (PSDP) will also be shelved