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
Tax dept’s justification on declining tobacco revenue rejected
ISLAMABAD: A special committee has rejected the tax department's briefing on a matter pertaining to the decline of Rs60 billion in revenue from the tobacco...
Progress report on PSM operationalisation sought
The Economic Coordination Committee (ECC) on Tuesday sought a progress report on the operationalisation of Pakistan Steel Mills.
A meeting of ECC, chaired...
LCCI demands facilitation for potato exports
LAHORE: The Lahore Chamber of Commerce and Industry has demanded the government to facilitate the exports of potato as the present state of...
Govt places immediate ban on furnace oil imports
ISLAMABAD: The government has notified an immediate ban on the import of furnace oil and ordered all refineries to utilise billions of rupees...
K-Electric says finalization of financial statements for FY17 & F18 facing delays
The power utility cited the absence of valid power tariff for the year starting 1st July 2016, ongoing litigation and stay order issued by the Sindh High Court and change of auditors as reasons for not being able to hold AGM for FY17 and FY18
Asian shares mixed amid silence on China-US trade talks
Japan’s Nikkei 225 index gained 1.1 percent to 20,251.42 and the Hang Seng in Hong Kong added 0.3 percent to 25,905.82.
Oil stable on trade talk optimism and OPEC cuts, but slowdown looms
International Brent crude futures were at $57.43 per barrel at 0218 GMT, up 10 cents, or 0.1 percent from their last close
Commerce Division, PPRA say opinion not sought on fuel supply agreement with Azerbaijan: Report
Petroleum Division suggestion on Azerbaijan deal blocked by PPRA and Commerce Division