Railways minister vows Rs10bn profit in FY19
RAWALPINDI:Â Railways Minister Sheikh Rasheed Ahmed on Wednesday said that the department has set a target of receiving Rs10 billion in profit margins...
LMKT, Microsoft join hands to launch AppFactory in Pakistan
The AppFactory will recruit up to 30 apprentices every six months, and place them alongside senior software technicians to work on...
Qualcomm launches 5G-enabled Snapdragon 855 processor for smartphones
The key feature of the Snapdragon 855 chip, launched at an event in Hawaii, is a so-called modem for phones to connect to 5G wireless data networks with mobile data speeds of up to 50 or 100 times faster than current 4G networks
Asia shares sink after Wall Street sell-off
Hong Kong’s Hang Seng index fell 1.8 percent to 26,765.27 points and the Shanghai Composite Index lost 0.7 percent to 2,845.61
Oil prices slip on global growth concerns, swelling U.S. supply
International Brent crude oil futures were at $60.87 per barrel at 0508 GMT, down $1.21, or 2 percent, from their last close
Pakistan, Italy sign MoU for economic & trade cooperation
Dhaga said Italy would extend cooperation for value addition of different sectors to boost exports
Oil refineries on verge of closure, as furnace oil imports soar
Pakistan State Oil (PSO) is owed dues of Rs268 billion from power powers for the supply of furnace oil
Federal Cabinet to look into stalled KE- Shanghai Electric deal
Power Division says netting off KE dues is not workable due to a contractual obligation between KE and SSGC as well as KE and NTDC
‘Govt to utilise renewable energy sources to meet growing demand’
ISLAMABAD:Â Planning, Development and Reform Minister Makhdoom Khusro Bakhtiar and Minister for Energy (Power Division) Omar Ayub Khan jointly chaired a meeting on...
Careem plans to launch bus service in Pakistan
After launching its bus service in Egypt, Careem, the famous ride-hailing service, has said it is next planning on launching a similar...
U.S. will not stop Iran exporting oil, Iranian president says
The United States has imposed sanctions on Iran and U.S. officials say they aim to reduce Iran’s oil exports to zero in a bid to curb the Islamic Republic’s missile programme and regional influence
Oil prices extend gains on expected OPEC-led supply cuts
International Brent crude oil futures were up 40 cents, or 0.7 percent, at $62.09 per barrel
Govt hopeful about reaching agreement with China regarding CPEC western route
The Senate committee was apprised by the Planning Secretary Zafar Hassan that the implementation agreement for establishing the Rashakai Special Economic Zone (SEZ) would be reached during the eighth JCC meeting
Rs25 billion subsidy sought for supply of imported gas to captive power plants
Sources said petroleum division has asked for a Rs25 billion subsidy for supply of imported gas to captive power plants for nine months
Kanupp-II to commence operations in December 2020
AEDB Chairman said it was important to phase out imports and give preference to indigenous resources considering 24% of the country’s overall imports are related to energy