Russia’s energy minister sees oil prices stabilizing in first-half 2019
Novak also said there were no proposals for an extraordinary meeting with OPEC, and he attributed the fall in oil prices to macroeconomic factors
China won’t resort to massive stimulus but more easing seen: central bank adviser
To ward off a sharp slowdown, China has unveiled a raft of policy measures this year, including four rounds of reserve requirement ratio cuts to boost lending, along with lower taxes and fees, and moves to fast-track infrastructure projects
Power Division to share PPA details with CCoE
The details will include the financial ramifications of operating certain power plants out of the order of merit because of system constraints
Pakistan remained a net loser in FTAs with Indonesia, China, Malaysia and Turkey: Dawood
Govt planning to give a comprehensive industrialisation policy, wherein, the focus will be on engineering, chemical, IT and agriculture sectors instead of the textile sector alone, said Dawood
‘Govt striving hard to make garment industry competitive’
LAHORE: Adviser to Prime Minister on Commerce Abdul Razak Dawood has said the government is taking all necessary measures to make the...
PIA launches direct flights from Lahore to Kuala Lumpur, Bangkok
LAHORE: Pakistan International Airlines (PIA) has launched its direct flights from Lahore to Kuala Lumpur and Bangkok. The first flight (PK896) left for...
No load shedding on Christmas, directs PM
ISLAMABAD: On the special directions of Prime Minister Imran Khan, the Power Division has issued orders to electricity distribution companies (DISCOs) to restrict...
‘Import of used tractors to hurt local industry, farmers’
Industry stalwart says Punjab govt's recommendation to allow tax-free import of used tractors is completely in contrast to the centre's export-friendly...
SSGC facing 115mmcfd gas shortfall, Senate told
Committee expresses concern, says depriving Sindh, which is producing around 70pc the country's total natural gas, from its due share is not...
Markets far from merry as stock losses extend into seventh day
MSCI’s world equity index, which tracks shares in 47 countries, was 0.15 percent lower on the day and down almost 7 percent in the past seven sessions — its worst stretch of daily losses since January 2016
Noor Financial completes divestment of 1.35% stake in Meezan Bank
Earlier, this month Meezan Bank had informed the bourse of Noor Financial being in initial stages of talks with foreign institutional buyers to divest 5.96% of its shareholding in the bank
SEP resubmits offer to acquire 66.4% stake in K-Electric
On December 21st, as per regulations, Shanghai Electric withdrew its offer due to lapse in the prescribed time period for making a public announcement of the offer
FBR to extend EPOS to retail stores and shopping malls
The tax department has informed the International Monetary Fund (IMF) that the government will extend the EPOS to retail chain stores and shopping malls till March 2019
Oil dips on oversupply concerns ahead of Christmas holidays
International benchmark Brent crude futures fell 27 cents, or 0.5 percent, to $53.55 a barrel at 0106 GMT
FIA alleges bank tried to conceal hacking incident: Report
Minister of State for Revenue Hammad Azhar on Friday told the Senate that hackers had stolen $6 million from the accounts of 6,000 BankIslami customers within 23 minutes last month