OPEC oil output posts biggest drop since 2017 on Saudi move
LONDON:Â OPEC oil supply fell in December by the largest amount in almost two years, an agency survey found, as top exporter Saudi...
Govt urged to remove import duties on industrial machinery
ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) President Ahmed Hassan Moughal on Thursday lauded the government’s initiative for removing customs duty on...
‘Philippines, China open to Pakistan’s citrus export’
Exporters asked to adopt new methods and bring their products in line with the standards defined by WTO
ISLAMABAD:Â National Food Security and...
Pakistan, KSA set to ink Aramco oil refinery deal: report
Pakistan and Saudi Arabia have finalised the memorandum of understanding (MoU) for the construction of the multi-billion-dollar Saudi Aramco oil refinery in...
Protesting dock workers announce to shift sit-in camp to D-Chowk
KARACHI: Upon the completion of 100 days of their sit-in camp, dock workers of Port Qasim on Wednesday announced to shift this...
ExxonMobil to commence drilling on 6th
This is the first time that any company in Pakistan would drill in the sea to explore oil and gas
ISLAMABAD:Â The drilling equipment...
Planning Commission holds consultative session to formulate mineral policy
ISLAMABAD:Â The Planning Commission on Wednesday organised a consultative session at the Islamabad Chamber of Commerce and Industry to get the input and...
HEC releases Rs80m for Pakistan Institute of Robotic Science
ISLAMABAD: The Higher education Commission (HEC) has released a budget of Rs80 million for purchasing the equipment and induction of new employees in the Pakistan Institute of Robotic Science (PIRS).
According to...
‘Mohmand Dam construction contract to CGGC-DESCON made on merit’
WAPDA chairman says int’l bidding for eligible firms was invited for procurement in accordance with PPRA and PEC provisions
ISLAMABAD:Â Water and Power...
Oil and LNG imports decline 11% YoY in December
During the first half (July-December) of the financial year 2018-19, imports declined by 17% YoY excluding LNG (-29% YoY)
SBP approves reappointment of Imran Maqbool as MCB’s CEO
Prior to joining MCB in 2002, he was associated with local banking operations of Bank of America (BoA) and CitiBank for over seventeen years
Factory activity in Asia weakens on China slowdown, trade disputes
China’s weakness spilled over to other Asian economies, with Malaysia’s manufacturing activity shrinking to its weakest pace of expansion since it launched the survey in 2012 and Taiwan contracting to its lowest since September 2015
Oil opens 2019 with losses on surging supply, signs of economic slowdown
International Brent crude futures for March were at $53.27 per barrel at 0421 GMT, down 53 cents, or 1 percent, from their final close of 2018
CPEC feeding 300MW of wind energy to national grid
Four wind projects that had been completed under CPEC and are connected with the national grid include Dawood wind power project (50 MW), Sachal Energy wind farm (50MW), three gorges second wind farm project (100MW), and UEP wind farm project (100MW)
Circular debt stands at Rs755 billion
The ministry’s secretary, while giving a briefing to the committee, said presently the country’s installed capacity for electricity production was 33,836 megawatts (MW), while the derated capacity was about 31,000MW