Byco in contact with prospective buyers overseas to export surplus furnace oil
Byco is producing only 20,000 barrels per day (bpd) despite possessing a capacity of 155,000 bpd, contributing to under-utilization of the refinery
OGRA permits private-sector entities use of state-owned gas pipelines
The approval of the network code by Ogra will open the market to deregulation, intensify competition and end the hegemony of state-owned gas utilities
SBP to purchase Rs111 billion Ijara Sukuk with three-year maturity period
The acquisition of the issue by the central bank would assist Islamic Banks in coping with surplus liquidity and resources
PM Imran suspends gas companies’ boards as shortfall worsens
ISLAMABAD:Â Prime Minister Imran Khan on Thursday suspended the Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) board...
Cabinet to fill vacant slot of Port Qasim Authority chairman soon
ISLAMABAD:Â The federal cabinet, while approving a stop-gap arrangement to run the affairs of Port Qasim Authority (PQA), has decided to fill the...
Japanese firm shows keen interest in Pakistan’s LNG sector
ISLAMABAD:Â A Japanese company, working in 501 sectors worldwide, on Thursday showed keen interest to work in Liquefied Natural Gas (LNG) sector of...
SBP reserves shrink by $242m, stand at $7.2bn
The total liquid foreign reserves held by the country stood at $13.7 billion on December 7, 2018.
According to a statement issued by...
PTCL wins ‘Best Asian Operator’ award
KARACHI: Pakistan Telecommunication Company Limited (PTCL) has won the award for ‘Best Asian Operator’ at the Telecom Review Excellence Awards 2018, held in...
Noor Financial to divest 5.96% stake in Meezan Bank
In August, according to a notice filed on the exchange, Meezan Bank Limited announced that Noor Financial Investment divested 0.85% of its shareholding
10th Interiors Pakistan expo to commence tomorrow
More than 100 leading companies and interior designers are expected to display their products
ISLAMABAD: The three-day10th ‘Interiors Pakistan’ international exhibition will commence...
ADB, Pakistan sign $284m agreement for power transmission enhancement
NTDC is the implementing agency of the tranche 3 project under the existing Multi-tranche Financing Facility (MFF) amounting to $810 million
USAID, WAPDA sign $78m implementation letter for Mangla refurbishment
MIRPUR:Â Pakistan Water and Power Development Authority (WAPDA) and United States Agency for International Development (USAID) on Wednesday signed Project Implementation Letter (PIL)-2...
SHC grants bail to 5 suspects allegedly involved in Rs63bn oil scam
The Sindh High Court (SHC) on Wednesday granted bail to the five suspects arrested by the National Accountability Bureau (NAB) over their...
ECC clears IT ministry’s proposal for approval of NTC budget estimates
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday cleared the Ministry of Information Technology’s (IT) proposal regarding approval of budget...
Urdu version of AAOIFI’s Shariah Standards launchedÂ
KARACHI: The Islamic banking industry of Pakistan, in collaboration with Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and contribution from...