CMOs turn a deaf ear to mobile phone users’ complaints
-- ‘Instead of resolving the problems, CMOs are shifting blame on each another’
ISLAMABAD:Â Mobile phone users continue to face problems with regard to...
CAP elects Ch Habib Kanwal as chairman
LAHORE:Â Chaudhary Muhammad Habib Kanwal has been elected as Chairman of the Constructors Association of Pakistan (CAP) while Engr Muhammad Hamayun Khan as...
Pakistan seeks to build oil refinery near Gwadar port: minister
Local media have reported that Islamabad is hoping for a deferred-payment deal for Saudi oil to help shore up foreign reserves and possibly even a bridge loan of around $2 billion
HNL contemplating right shares issue of Rs140 million for Hum Mart
In late February, HNL had announced the incorporation of HM as its wholly-owned subsidiary and enter the online grocery business in Pakistan
Bill allowing U.S. to sue OPEC drawing renewed interest
Saudi Arabia, the world’s top oil exporter, is worried that NOPEC could turn into another Justice Against Sponsors of Terrorism Act (JASTA) law, which allows victims of the Sept. 11 attacks in the United States to sue Riyadh
Govt rebuffs Saudi offer to acquire LNG power plants under sovereign deal
According to sources, Saudi Arabia asked Pakistan to give free land, complete security and utility facilities for establishing an oil refinery having 100,000 barrel per day (BPD) capacity at Gwadar
Kumho set to enter Pakistan’s tyre market
Century plans to build a tyre plant in Pakistan and starting with a million tyres per year it aims to increase the plant’s annual production capacity to five million in the long-term
Oil near four-year high as Washington’s Iran sanctions loom
Brent has risen by around 20 percent from the most recent lows in August
IMF urges Pakistan to expand tax net
ISLAMABAD: The Pakistan government has been urged by the International Monetary Fund (IMF) to formulate a stringent taxation strategy in order to...
After gas tariff, price of LPG increases by Rs5
ISLAMABAD:Â The price of liquefied petroleum gas (LPG) has been increased by Rs5 following the 40 per cent hike in the gas tariff.
According...
Pakistan reaches out to Saudis for bailout
ISLAMABAD:Â After a formal request, Pakistan is likely to get $2 billion worth petroleum products from Saudi Arabia on deferred payments for two...
IRSA projects 38pc water shortage in coming Rabi season
ISLAMABAD: Food security crisis owing to water shortage in the upcoming Rabi sowing season is expected, as the Indus River System Authority’s (IRSA)...
1,320MW CPHGC plant connects to national grid
ISLAMABAD:Â The 1,320 megawatts coal-fired power plant of the China Power Hub Generation Company (CPHGC), which is under construction in Hub, Balochistan, has...
Is the policy to keep petrol prices unchanged sustainable?
The govt responded to this conundrum by correspondingly decreasing the applicable sales tax rates on high-speed diesel from the current 22 percent to 17.5 percent for high-speed diesel (HSD), for petrol from 9.5 percent to 4.5 percent and kerosene oil from 6 percent to 1.5 percent
NCPL posts profit of Rs3.406 billion in FY18
The decline in net sales was attributed to the lower level of dispatches, down 30 percent YoY, however, furnace oil had undergone an increase of 27 percent YoY.