Matco to setup joint venture company with Barentz International
The JV is being set up for the import, sales, and distribution of ingredients used in pharmaceutical, personal care, food & nutrition, and animal nutrition in the life science and food nutrition sector
Asian shares fall on poor Chinese economic data
Japan’s Nikkei 225 index slid 1.7 percent to 21,439.16 and the Kospi in South Korea lost 1.2 percent to 2,070.70
Engro Corp divests 29% stake in ETPL to Vopak for $31.378 million
In end-November it was reported Vopak would purchase a total 44% stake in Elengy Terminal Pakistan Ltd, which operates the country's first liquefied natural gas (LNG) import facility
Oil prices fall as investors take profits amid China economy worries
Brent crude oil futures were at $61.09 per barrel at 0353 GMT, down 36 cents, or 0.6 percent, from their last close
Byco in contact with prospective buyers overseas to export surplus furnace oil
Byco is producing only 20,000 barrels per day (bpd) despite possessing a capacity of 155,000 bpd, contributing to under-utilization of the refinery
OGRA permits private-sector entities use of state-owned gas pipelines
The approval of the network code by Ogra will open the market to deregulation, intensify competition and end the hegemony of state-owned gas utilities
SBP to purchase Rs111 billion Ijara Sukuk with three-year maturity period
The acquisition of the issue by the central bank would assist Islamic Banks in coping with surplus liquidity and resources
PM Imran suspends gas companies’ boards as shortfall worsens
ISLAMABAD:Â Prime Minister Imran Khan on Thursday suspended the Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) board...
Cabinet to fill vacant slot of Port Qasim Authority chairman soon
ISLAMABAD:Â The federal cabinet, while approving a stop-gap arrangement to run the affairs of Port Qasim Authority (PQA), has decided to fill the...
Japanese firm shows keen interest in Pakistan’s LNG sector
ISLAMABAD:Â A Japanese company, working in 501 sectors worldwide, on Thursday showed keen interest to work in Liquefied Natural Gas (LNG) sector of...
SBP reserves shrink by $242m, stand at $7.2bn
The total liquid foreign reserves held by the country stood at $13.7 billion on December 7, 2018.
According to a statement issued by...
PTCL wins ‘Best Asian Operator’ award
KARACHI: Pakistan Telecommunication Company Limited (PTCL) has won the award for ‘Best Asian Operator’ at the Telecom Review Excellence Awards 2018, held in...
Noor Financial to divest 5.96% stake in Meezan Bank
In August, according to a notice filed on the exchange, Meezan Bank Limited announced that Noor Financial Investment divested 0.85% of its shareholding
10th Interiors Pakistan expo to commence tomorrow
More than 100 leading companies and interior designers are expected to display their products
ISLAMABAD: The three-day10th ‘Interiors Pakistan’ international exhibition will commence...
ADB, Pakistan sign $284m agreement for power transmission enhancement
NTDC is the implementing agency of the tranche 3 project under the existing Multi-tranche Financing Facility (MFF) amounting to $810 million