‘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: 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
Govt to bring new criteria for issuance of POL marketing licenses
ISLAMABAD: The government is likely to change the existing criteria for the issuance of marketing licenses of petroleum products (POL), it was learnt...
PM calls for comprehensive business plan to revive PIA
Prime Minister Imran Khan on Tuesday directed the authorities concerned to develop a comprehensive business plan to revive Pakistan International Airlines (PIA)...
CCP withdraws show cause notice against Wateen Telecom
ISLAMABAD: Setting aside an inquiry report against Wateen Telecom on Tuesday, the Competition Commission of Pakistan (CCP) also disposed of show cause notice...
JCR-VIS revises outlook on HBL’s AAA rating to ‘stable’ from ‘negative’
KARACHI: JCR-VIS Credit Rating Company Limited has reaffirmed the entity ratings of Habib Bank Limited (HBL) at ‘AAA/A-1+’ (Triple A/A-One Plus).
In line...
Pak Suzuki again jacks up car prices
KARACHI: The Pak Suzuki Company has once again enhanced the prices of all its models, excluding Mehran, from Rs30,000 to Rs322,000 from January...
Cement export surges 26pc in five months
ISLAMABAD: The export of cement from the country increased by 26.02 per cent to $131.12 million during first five months of the current...
Atlas Honda to launch new 125cc motorbike on 4th
'The motorbike will be priced between Rs140,000-145,000'
KARACHI: Atlas Honda Company, one of the leading bike manufacturers in Pakistan, is all set to launch...
Plunge in oil prices threatens Iraq’s postwar recovery
Brent crude oil, used to price international purchases, briefly rose above $85 a barrel in October but has since plummeted to less than $55 — a nightmare for a country like Iraq that derives 95 percent of its revenue from oil exports