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
Textile exporters express dismay over inordinate delay in tax refunds
ISLAMABAD: Textile exporters have expressed dismay over the inordinate delay in releasing tax refunds and demanded that the government immediately clear the...
CPHGC achieves first synchronisation with national grid
KARACHI: China Power Hub Generation Company (CPHGC) achieved yet another milestone when the unit 1 of the 2x660MW coal-fired power project successfully synchronized...
MCB Bank partners with Bank Al Jazira to facilitate remittances
LAHORE: MCB Bank, one of Pakistan's largest and most innovative banks, has entered into an agreement with leading Saudi financial institution, Bank...
PTCL injects Rs4bn in U Microfinance Bank
KARACHI: Pakistan Telecommunication Company Limited (PTCL) has signed an agreement for Rs4 billion Unsecured Subordinated Debt Facility (Tier 2 capital) with U Microfinance...
Pakistan seeks renewal of 100MW electricity import agreement with Iran
ISLAMABAD: Power Division Minister Omar Ayub Khan, while reiterating Pakistan’s commitment to further promoting its brotherly relations with Iran, has said that Pakistan...
SNGPL asked to address low gas pressure issue
ISLAMABAD: Petroleum and Natural Resources Minister Ghulam Sarwar Khan on Monday directed Sui Northern Gas Pipeline Limited (SNGPL) Rawalpindi Regional Manager M Zahoor...
Chinese debt burden: Facts and Fiction
According to the breakdown of Chinese investments in Pakistan, 22 early harvest projects under CPEC have been completed or are under construction, with a total investment of $18.9 billion.
No ban, no duty on potato export
The total requirement for potato is 3.75 million tonne in Pakistan and expected yield is 4.2 million tonne
Russia ready to assist Pakistan Steel Mills expansion
Russia has offered assistance in the expansion of Pakistan Steel Mills (PSM). The 200 Russian companies are keen to explore opportunities in Pakistan, a top Russian leader said here on Friday.
Punjab Food Authority declares 61 ghee, cooking oil brands ‘unhealthy’
PFA has declared 61 ghee and cooking oil brands unhealthy for usage and has further seized 47,233 litres of ghee and cooking oil
OGRA decides to end years’ old controversy with Sui gas companies
‘It is up to the companies to improve their performances and become sustainable as they cannot expect to be bailed out...
PM directs authorities to finalise renewable energy policy by Jan 2019
ISLAMABAD: Prime Minister Imran Khan on Wednesday chaired a meeting of the Cabinet Committee on Energy at the PM’s Office.
The prime minister was...
Finance minister urged to release pending refunds of textile industry
LAHORE: All Pakistan Textile Mills Association (APTMA) Chairman Syed Ali Ahsan has urged the finance minister to issue directions to the Federal Board...
Govt to implement energy policy by May 2019, IMF told
ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) government is set to implement a comprehensive energy policy covering all elements of the energy supply chain, demand...