Govt’s debt situation laid bare by Economic Affairs Division
PTI government takes no commercial loans during August 2019
ISLAMABAD: The Pakistan government’s debt situation was laid bare by the release of data...
Asia’s troubled emerging markets to shave oil demand next year
SINGAPORE: Asia’s emerging markets, the key driver for global oil demand growth, are being hit hard by soaring crude prices and sliding...
Oil prices edge up amid uncertainty over fallout from Iran sanctions
The most-active Brent crude futures contract, for December, had risen 18 cents, or 0.22 percent, to $81.56 per barrel by 0126 GMT. That was close to a four-year high of $82.55 struck on Tuesday
Furnace oil-based power generation to be phased out over coming few years: Nepra
The power sector regulator opposed any move to reduce power tariff for end-consumers, cautioning any such move being contemplated by the government could impact upcoming power projects
Shell Pakistan to establish RLNG terminal and retail outlets along CPEC route
Shell Pakistan CEO told that before the tanker incident in South Punjab last June, its average market share had stood at 16-18 percent and had fallen by half to 8 percent
Pakistan seeks IMF’s assessment for next bailout package
ISLAMABAD:Â While officials from the Ministry of Finance deny any talks with the visiting International Monetary Fund (IMF) team regarding any new bailout...
Saudi fund to provide $16mn in grants for infrastructure, health, education
ISLAMABAD:Â The Saudi Fund for Development (SFD) will provide $16 million in grants to Pakistan in infrastructure, health and education sectors.
Officials informed that...
State bank may increase 100bps in discount rate to 8.50pc
KARACHI: The central bank may increase 100 basis points to 8.50 per cent in its discount rates in the monetary policy meeting...
NEPRA fines K-Electric over failure to provide reliable power supply in Karachi
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has imposed a fine of Rs5 million on K-Electric Limited on account of its...
Pakistan, Russia sign $10bn energy deal
ISLAMABAD:Â Pakistan and Russia have formally signed a Memorandum of Understanding (MoU) on Thursday in Moscow for the construction of an offshore gas...
Internet banking rises with Rs1.2 trillion worth transactions in FY2017-18
ISLAMABAD: The usage of internet banking has increased immensely among Pakistanis as the value of online transactions reached Rs1.2 trillion during the...
Descon Oxychem successfully conducts customer success workshops
LAHORE: As part of their dedication to upholding the highest standards in customer service, Descon Oxychem Limited organized Customer Success Workshops (CSWs)...
Clover Pakistan granted license to operate as lubricant marketing company
The company said it expects an increase in profitability of the business by sale of lubricant products in the upcoming financial year
Oil prices rise 1% ahead of U.S. sanctions against Iran
SINGAPORE: Oil prices rose by 1 percent on Thursday, pushed up by the prospect of tighter markets due to U.S. sanctions against...
China says plots to disrupt ties with Pakistan will fail
BEIJING: Any plots to sow discord in China’s ties with Pakistan will not prevail, the Chinese government’s top diplomat said on Tuesday,...