Saudi Aramco plans gas investments of $150 billion over next decade: CEO
Nasser also said Aramco plans to invest $100 billion over the next 10 years in chemicals globally, in addition to potential acquisitions
Asia puts brave face on Trump threat, oil subdued
MSCI’s broadest index of Asia-Pacific shares outside Japan dithered either side of flat and was last up 0.2 percent
Sugar industry, federal government at loggerheads over production price
ISLAMABAD: The sugar industry and the federal government are involved in a bitter dispute over sugar production price of Rs45.86 excluding taxes,...
Nepra reserves judgement on power tariff hike
Currently, the uniform power tariff stands at Rs11.71 per unit and if the hike gets approved by Nepra, the rate would rise to Rs12.98 per unit, the representative said
Pakistan warned of dispute settlement proceedings by WTO members over subsidy on wheat exports
The WTO member nations cautioned if Pakistan provided rebates on wheat export again, it would initiate dispute settlement proceedings against the country
SNGPL received 2.4m applications for domestic connections
Punjab is producing 119 million cubic feet of gas (mmcfd) and getting 1,000 mmcfd, Khyber-Pakhtunkhwa (K-P) is producing 411 mmcfd and getting 296 mmcfd, Sindh is producing 2,320 mmcfd against the consumption of 1,696 mmcfd and Balochistan is producing 467 mmcfd against a demand for 292 mmcfd
ExxonMobil set for comeback in Pakistan after nearly three decades: Report
Mr Sayyed in a letter sent to the BoI stated ExxonMobil has been assessing its re-entrance into Pakistan since quite a while and has been assiduously hunting energy-related opportunities for past few years
Govt urged to cut rates of return for power plant owners
ISLAMABAD:Â An international firm, Krafrac Consulting, has recommended National Electric Power Regulatory Authority (NEPRA) to revise the high rates of return for power...
BankIslami restores e-banking services
KARACHI:Â BankIslami on Monday announced that its payment system has been successfully restored and was running absolutely secured.
"All of the bank's services can...
Oil price slump is part of broader Asian pullback
But bulging debt across many Asian economies, tightening U.S. fiscal policy and the Sino-U.S. trade war have driven investors to vote with their feet, pulling their money out of assets such as oil or Asian stocks and instead turning to safe-havens like the U.S. dollar
CJP suggests reinstatement of tax on prepaid mobile phone cards
In June, the apex court had directed cellular companies and the tax regular from collecting various taxes from customers in event of credit top-ups in prepaid phones
Dollar steady in safe-haven trade, sterling gains slightly on Brexit deal news
The greenback and the yen, both considered safe-haven currencies advanced as traders fear that last week’s capitulation in oil prices suggests that the global economic recovery is losing steam
Nepra deprived of legal power in absence of two members
At present, Nepra has only two members from Balochistan and Punjab respectively in the five-member authority
HUBCO recommends federal govt to provide furnace oil at zero sales tax: Report
ISLAMABAD: Hub Power Company (HUBCO) chief executive officer has recommended the federal government to provide furnace oil at zero rate of sales...
NEPRA’s quorum completes as govt appoints Member Sindh Â
ISLAMABAD: Quorum of the National Electric Power Regulatory Authority (NEPRA) has completed as the government has appointed Rafique Ahmed Shaikh as Member...