MEPCO disconnects power of 25 textile mills despite ‘extension in payment date’

LAHORE: The Multan Electric Power Company (MEPCO) on Monday flouted the notification of the Power Division regarding an extension in the date of...
Saudi Arabia-oil

Saudi Arabia plans to boost oil exports to 10.6 million bpd from May

DUBAI: Saudi Arabia plans to boost its oil exports to 10.6 million barrels per day from May because the country is burning...

Car sales plunge 43pc in eight months

ISLAMABAD: The sale and production of cars dipped by 43.37pc and 45.83pc, respectively, during the first eight months of the current financial...

Economists warn of recession amid virus lockdowns

'As Pakistan is highly dependent on developed markets for captial inflows, the country may wintness a sharp fall in exports, remittances, jobs etc.'

Millat Tractors suspends plant, office operations 

The management of Millat Tractors has announced to suspend the plant and all office operations till lockdown period ends.  In a statement issued...

Imran Khan directs ministry not to increase gas tariff

ISLAMABAD: No additional burden would be shifted to the gas consumers, rather steps would be taken to facilitate them under the recently...

Oil plunges to lowest level since 2003

LONDON: Oil prices slumped a new on Friday with Brent North Sea crude plumbing a 17-year low owing to massive oversupply as...
OPEC

Calls mount for new OPEC+ deal as oil prices and demand slide

MOSCOW/DUBAI/LONDON: Oil producers need to resume cooperation in an effort to stabilise the global market, Russian and OPEC officials said, as the...

Petroleum Division says POL prices to remain intact for April

ISLAMABAD: The government on Friday made it clear that oil prices would remain unchanged for the month of April this year. In a...

CNG price reduced by Rs9 for Punjab, Islamabad

ISLAMABAD: The All Pakistan Compressed Natural Gas Association (APCNGA) on Friday announced to reduce the commodity price by Rs9 per liter for...

CCoE for enhancement of oil storage capacity

ISLAMABAD: The Cabinet Committee on Energy (CCoE) on Friday asked the concerned ministry to take necessary steps and enhance the national storage...

Chemical manufacturers demand 5pc interest rate to arrest business losses

LAHORE: The Pakistan Chemical Manufacturers Association (PCMA) has demanded the central bank to reduce the key interest rate to 5 per cent...
Oil refineries

Oil gains as govts pledge support amid coronavirus chaos

Oil prices rose on Friday as governments around the world pledged a huge injection of funds and other measures to limit the...
Oil refineries

Global oil refiners to deepen output cuts as coronavirus destroys demand

SINGAPORE/NEW DELHI/SEOUL/HOUSTON: Oil refiners from Texas to Thailand are bracing for deeper output cuts, bruised by an unprecedented demand shock as more...

DG Cement temporarily suspends plant operations 

The DG Khan Cement Company Limited has decided to temporarily suspend the plant operations at sites of Kofli Sattai located in District...