HBL declares consolidated PAT of Rs9.9bn
HBL on Thursday declared a consolidated profit after tax of Rs9.9 billion for the first nine months of 2018, with earnings per...
KSA says oil market could shift to oversupply in fourth quarter
RIYADH:Â Saudi Arabia said on Thursday the oil market could be shifting towards oversupply in the fourth quarter of the year as oil...
Govt holds NEPRA responsible for power tariff hike
Finance Minister Umar says tariff increase will generate additional Rs130bn, will not affect 70pc consumers
Asserts no conditions attached to Saudi bailout,...
Asian mills look to secure long-term wheat supply
Asia is also the top importer, with shipments of the grain set to hit 55.13 million tonnes this year, up 46 percent since 2010-11 and the second-largest total on record, USDA data showed
FIA report says lackadaisical attitude could cost Pakistan dearly with FATF
FIA has told the prime minister that due to a poor response of the departments linked to APG, the position was bleak for Pakistan and is presently in jeopardy of being moved into the blacklist category
Jameel Ahmad reinstated as deputy governor, SBP for three years
He has been working with the central bank for almost twenty-seven years and he joined back in 1991
Oil prices fall one percent amid global stock market slump
Markets have been hit hard this month by a range of worries, including the Sino-U.S. trade war, a rout in emerging market currencies, rising borrowing costs and bond yields, as well as economic concerns in Italy
APTMA praises govt’s endeavors for revival of exports
Association chief demands immediate payment of long overdue refunds of sales tax, besides removal of duties from import of cotton and...
Govt raises power rates a day after Saudi bailout
ECC approves increase in tariff for consumers using more than 300 units, allows five per cent decrease in electricity rates for...
RLNG-based power generation share climbs to 22.75% in September
In September, Hydel remained the main source of power generation with a share of 34%, RLNG 23%, gas 16%, coal 9%, furnace oil 8% and nuclear 5%
ECC set to decide about increase in power tariff
According to insiders, the PM in the last ECC meeting had instructed the Ministry of Finance to focus on tariff rationalization, theft and line losses instead of burdening the existing customers
Oil edges back from big slump as Iran sanctions return to focus
Front-month Brent crude oil futures were at $76.72 a barrel at 0320 GMT, 28 cents, or 0.4 percent, above their last close
Nepra levies Rs4 million fine on IESCO
Nepra stated IESCO failed to maintain the authorized voltage levels and supply electricity connections within the given time and orchestrated data regarding the number of interruptions, number of complaints and duration of interruptions
Procurement of land for Dasu hydropower project hits snags
An official source said Sigloo, Kaas and Sheikhabad are the areas where main civil works need to be initiated for main Dasu project and 500 acres of land is required in these places.
Master group wins bid to setup 99MW hydropower project
According to Pedo, the bid submitted by Masters Textile Limited and CHEC was greatly responsive in respect of “completeness, competitiveness, reasonableness and has the lowest rank"