Car sales down 3pc in first half FY19
It is the first time since FY12-13 that sales declined during the first half of a fiscal year
KARACHI: Pakistan’s locally manufactured car...
SBP declared best central bank for promoting Islamic finance
KARACHI:Â State Bank of Pakistan (SBP) has won the global award as the best Central Bank in promoting Islamic finance for the year...
SBP rebuffs news regarding 18 undeclared PTI bank accounts
KARACHI:Â State Bank of Pakistan (SBP) categorically denied a news item, which attributed the central bank of reporting "at least 18 undeclared bank...
Pakistan, World Bank sign $100m agreement for Sindh Solar Energy Project
ISLAMABAD:Â With an objective to increase solar power generation and access to electricity in Sindh, the government on Wednesday signed a financing agreement...
PM sacks SNGPL, SSGC managing directors over gas crisis: Fawad Ch
Info minister says PM had constituted an inquiry committee to ascertain the reason of gas shortage
Prime Minister Imran Khan on Wednesday...
Chinese firm eager to explore hydrocarbon resources of Pakistan
ISLAMABAD:Â Sichuan Chuanzhong Gas Investment Company, a major gas sector group from China, has expressed willingness to invest in Pakistan for exploration and...
Master Motor to start assembling Italian Iveco trucks in Pakistan
Iveco becomes first Italian automotive brand to be manufactured in Pakistan
KARACHI:Â Master Motor is starting this year the assembling of Iveco trucks,...
China’s short-term money rates fall, prompting talk of more easing
The move pushed the volume-weighted average rate of China’s benchmark seven-day repo, a closely-watched liquidity gauge, to 1.4 percent on Tuesday, its lowest level since July 2015
Saudi Arabia to announce slight rise in oil, gas reserves after audit – source
For almost 30 years - despite rising production, large swings in oil prices and improved technology - Riyadh has annually reported the same number for reserves at around 261 billion barrels, according to a statistical review by BP
Oil prices climb amid U.S.-China trade talk optimism
International Brent crude futures were up 79 cents, or 1.3 percent, at $59.47 per barrel
Petroleum Division seeks ECC go-ahead to revive shelved gas pipeline projects
According to sources, the Petroleum Division will table three options before the Economic Coordination Committee (ECC) to determine the destiny of previously shelved gas pipeline projects
Govt decreases power tariff by Rs3 per kWh for zero-rated industry to enhance exports
Consequently, the tariff cut will be beneficial for the industry and enhance the country’s competitiveness in the global market besides reducing the cost of doing business
PM hasn’t taken any decision to remove MD’s of SNGPL & SSGC
Last week, a report prepared by the Petroleum Division secretary was sent to Prime Minister Imran Khan stating the management of Sui gas companies was responsible for the gas crisis
Pakistan’s first blockchain-based cross border remittances service launched
The blockchain-powered remittance service will make round-the-clock, real-time money transfers between the two countries possible at a competitive exchange rate, with Alipay’s transaction fees waived during the one-year trial period
Commercial Bank of Dubai to take control of Abraaj assets secured against loan
Stakes in Abraaj’s Infrastructure and Growth Capital Fund, as well as its funds focused on Turkey, Latin America, North Africa, Africa and health, were held as security against CBD’s loans, a joint provisional liquidators’ report from July shows