PM lauds Power Minister Omar Ayub over steps against power theft
Prime Minister Imran Khan on Saturday congratulated Minister for Power Division Omar Ayub Khan and his ministry for taking steps against power...
Oil refineries fear shutdown amid rising fuel oil stocks
Pakistan oil refineries have warned the Ministry of Energy that rising fuel oil inventories, driven by the government’s shift to LNG-based power...
IDEAS 2018:Â Pakistan’s defence capabilities leave locals, foreigners in awe
KARACHI:Â The tenth International Defence Exhibition and Seminar (IDEAS 2018) started on November 27 and concluded on Friday. More than 200 delegations from...
Govt to reconstitute BoDs of oil and gas companies within 100 days
ISLAMABAD:Â Petroleum Minister Ghulam Sarwar Khan said on Friday that the government has decided to reconstitute the board of directors (BoD) and appoint...
ABAD members invited to work in Punjab
‘Investments worth more than Rs1,300bn have come to a halt due to delay in issuance of water NOCs by KWSB’
KARACHI:Â Punjab Governor Chaudhry...
SBP raises key interest rate by 150 basis points to 10%
Import growth declined to 5.8% during the first four months (July-October) of FY19 from 26.3% in the same period of last year, indicating an effect of recent tightening measures.
Oil prices creep up on expected OPEC cuts, but U.S. supply growth caps gains
International Brent crude oil futures were at $59.65 per barrel at 0533 GMT, up 14 cents, or 0.2 percent, from their last close
Asian LNG prices on downward spiral amid warm winter, high stocks
Spot prices for January delivery in North Asia were estimated at about $9.80 per million British thermal units (mmBtu), down 20 cents from the previous week
Ogra proposes Rs6.21 per litre increase in petrol price
Ogra has suggested an increase of Rs6.21 per litre in petrol, Rs2.0 per litre in high-speed diesel (HSD), Rs7.79 per litre in light diesel oil (LDO)
Govt loans from central bank soar to record high of Rs5.4 trillion
During July-September 2018, the federal government’s overall domestic debt rose to Rs16.9 trillion, increasing by 3% or Rs504 billion
Horticulture exporters set 325,000 tons target for Kinnow exports
A record export volume of 375000 tons was attained during last year fetching foreign exchange of $200 million
Market Daily: Uncertainty grips PSX as investors await monetary policy announcement
The KSE 100 touched its intraday high of 40,781.43 minutes after the session begun. It then went south to hit intraday low of 40,462.91. Failing to recover losses it settled lower by 65.97 points at 40,638.83.
Unilever CEO Polman to retire, replaced by beauty head Jope
At the helm of Unilever for 10 years, Polman generated big returns for shareholders totalling 290 percent over the period, expanded its presence in emerging markets, and in 2017 fended off a $143 billion takeover approach by Kraft-Heinz
Asian stocks gain after Fed chief hits rate rises may slow
The Shanghai Composite Index rose 0.6 percent to 2,605.27 and Tokyo’s Nikkei 225 advanced 0.9 percent to 22,378.46
Oil strengthens ahead of G20 meeting, but supply rise caps gains
International benchmark Brent crude rose 27 cents, or 0.5 percent, to $59.03 a barrel, having dropped 2.4 percent on Wednesday to $58.76 a barrel