ECC not to interfere in cement industry, permits them to increase prices
According to the Ministry of Industries and Production, in spite of the high cost of production and higher taxes, the prices of cement in Pakistan were lower than those in India and Sri Lanka
Pakistan goes against the grain with coal power spree
Environmental concerns about Pakistan's coal spree go beyond the villages of Thar. The UN has warned that the country risks an “absolute” water shortage by 2025, and activists have warned about the impact of such industries on increasingly scarce water supplies
CCP finds competition barriers at all levels of LNG value chain
KARACHI: The Competition Commission of Pakistan (CCP) has found various barriers to competition at all levels of the liquefied natural gas (LNG)...
Stainless steel importers highlight malpractices at ports
ISLAMABAD: The importers of stainless steel have approached the Ministry of Commerce to complain against the alleged inspection and charging of extra fee...
Textile manufacturers set to participate in ATF Cape Town expo
KARACHI: A total of 17 fabric, garment, home textile and yarn manufacturers would participate in the Apparel, Textile and Footwear (ATF) Trade Exhibition...
FIA instructs banks to bolster their cybersecurity in compliance with global standards
BankIslami admitted that a major amount had been transferred from it by the hackers based in 45 countries
GNL set to launch Renault trucks in Pakistan
GNL will be responsible for the import, distribution and after-sales service of the three new ranges and also the CKD assembly at its manufacturing site located at Port Qasim, Karachi by the end of next year
Oil prices resume decline on oversupply worries
Since early October, oil prices have lost around a quarter of their value as supply soars just as demand is expected to slow down along with an economic downturn
PSO receivables balloon to Rs345 billion
According to PSO, receivables include Rs268.5 billion from the power sector, Rs43.9 billion from Pakistan International Airlines (PIA) and government and Rs32.6 billion from the Sui Northern Gas Pipeline Limited (SNGPL)
IMF calls government to relinquish its role of notifying electricity rates
IMF delegation asked authorities to undertake further revisions to the Nepra Act to ensure automatic notification of quarterly, annual and multi-year tariffs ascertained by the regulator on the lines of monthly fuel price adjustment announced directly by Nepra
Engro needs a year for next LNG import terminal decision
Royal Dutch Shell, trading house Gunvor and local company Fatima are partners in Engro’s second planned terminal which would be located at Port Qasim with a Floating Storage and Regasification Unit (FSRU) vessel processing the gas
NEPRA approves Rs0.41 per unit hike in power tariff
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Wednesday approved an increase of Rs0.41 per unit in the electricity tariff.
The decision was...
What the Panjgur airport incident tells us about nepotism in PIA
LAHORE: The recent incident at the Panjgaur airport on November 9, that saw the tyre of Pakistan International Airline flight PK517 burst while...
PLL importing less LNG despite increasing demand
ISLAMABAD: Despite an increase in the demand of gas, Pakistan LNG Limited (PLL) has arranged only two cargos of Liquefied Natural Gas (LNG)...
Chinese enterprises undertake over 3,000 BR projects in regional countries
As of the end of 2017, China’s central SOEs had 10,791 overseas entities spread over 185 countries and regions, with total overseas assets exceeding 7 trillion yuan