Oil drops as U.S. considers granting some waivers on Iran crude sanctions
International benchmark Brent crude oil futures were at $83.26 per barrel at 0352 GMT, down 90 cents, or 1.1 percent, from their last close
Kohinoor Power gives approval for merger with Saritow spinning mills
LAHORE: Kohinoor Power Company on Monday announced it had given an approval for its merger with Saritow Spinning Mills Company, which is...
Inject Rs400b into power sector for avoiding shutdown of power plants, says Senate panel
Cumulative receivables till the end of June 2018 ratcheted up to Rs824.3 billion, rising from Rs670 billion in FY17, said the report
Alibaba vs Tencent in Pakistan?
The battle between China’s internet giants is about to come to Pakistan, and transform the country’s tech industry… but who will it be good for?
Power Cement gears up for infrastructure spending spree
The company will increase its production capacity to 3.4 million tons per year, with a new plant expected to come online by June 2019
Tarbela’s latest units synced with national grid
ISLAMABAD: The hydel resource development in Pakistan takes a giant leap forward, as the third and the last unit of Tarbela 4th...
CNG dealers reject gas price hike
-- APCNGA chief says downtrodden segments are struggling the most due to hike, as CNG is a consumed mostly by the poor
ISLAMABAD:Â The...
NEPRA takes notice of Oct 2 power breakdown in Karachi
ISLAMABAD:Â National Electric Power Regulatory Authority (NEPRA) has taken serious notice of another major blackout in Karachi, which occurred on October 2, and...
Here’s how national incubation centres in Pakistan are filling the innovation void
There’s no shortage of talent in Pakistan especially when it comes to innovation and technology.
We have countless examples of students, graduates, engineers,...
U.S. oil exports fall as India turns to Iran ahead of sanctions
U.S. oil shipments to India fell to 84,000 barrels per day (bpd) last month, down 75 percent from a record high of 347,000 bpd in June
Oil prices rise as U.S. sanctions against Iran’s crude exports loom
International benchmark Brent crude oil futures were at $84.98 per barrel at 0247 GMT, up 40 cents, or 0.5 percent from their last close
Pakistan confronted by difficult economic situation: IMF
IMF called for more exchange rate flexibility, monetary policy tightening, further fiscal adjustment linked to medium-term consolidation strategy and strengthening the performance of key public enterprises clubbed with further rises in power and gas tariffs
Central bank to auction Rs4.9 trillion worth of debt instruments in Oct-December 2018
The raising of the new debt via PIBs and MTBs will help the government to partially plug in the deficit in budgetary financing, which economists worry will be higher than the target of Rs2 trillion for FY19
SBP notifies new rules for recovering loans from defaulted mortgagees
Previously, the banks were only permitted to auction mortgaged property after the conclusion of the due process
PRA to adapt to a full automation monitoring system
In a pre-budget seminar held in Lahore, Finance Minister Punjab Makhdoom Hashim Jawan Bukht said, the government wants to introduce a consensus-oriented budget...