SAARC CCI to organise seminar on ‘Climate Resilient South Asia’
ISLAMABAD: The South Asian Association for Regional Cooperation (SAARC) Chamber of Commerce and Industry (CCI) will organise a one-day seminar on “A...
Commercial attaches urged to help promote Pak products in foreign markets
LAHORE: The Pakistan Carpet Manufacturers and Exporters Association (PCMEA) has urged the government to direct the Commercial Attaches abroad to facilitate the...
Govt decreases petrol price by Rs4.26
The government would suffer an estimated loss in revenue of Rs 10 billion as a result of the reduction in petroleum prices.
Iranian oil minister calls Trump’s order to OPEC insulting
"Mr Trump sends every day a new message that creates uncertainty in the market," Iranian Oil Minister Bijan Zanganeh said in an interview with state television.
BP in lead to acquire BHP’s U.S. onshore shale assets: sources
The acreage for sale includes holdings that BHP acquired in its $12-billion takeover of Petrohawk Energy in 2011, which have declined rapidly in value as the price of natural gas has fallen from $4.50 at the time of the deal to a low of $1.60 last year
Govt willing to reduce GST on HSD to appease apex court
At current rates, the government hopes to fetch Rs55 billion per month on all POL products which includes Rs22 billion from petrol, Rs30 billion from HSD and Rs500 million from other products
SBP notifies stricter rules for inland foreign currency and PKR movement
To ensure compliance with the FATF guidelines, the central bank on Friday announced stricter instructions to be followed by exchange companies for the movement of foreign currency and rupee within Pakistan
Cotton research station to be set up at Rajanpur
Secretary Agriculture Punjab Wasif Khursheed said Friday that a cotton research station would soon be established in Rajanpur district to improve cotton crop quality and increase per acre production.
Pakistan curbs fuel oil imports as power generation requirements ease
Pakistan State Oil (PSO) has reduced its fuel oil imports for power generation as monsoon rains have lowered the demand for electricity for cooling, contributing to a decline in fuel oil premiums from the multi-year highs reached last week.
OGDCL awards $2m worth pre-qualification contracts to offshore company
ISLAMABAD: Though the National Accountability Bureau (NAB) is in full swing against offshore companies, an offshore company has been found attempting to...
NEPRA rejects KE’s demand, notifies new tariff of Rs12.81/KWH
KARACHI: The National Electric Power Regulatory Authority (NEPRA), while rejecting the demand of K-Electric (KEL) for the restoration of previous Multi Year...
Asia’s oil refiners rush to deal with U.S.-China trade war, looming Iran sanctions
As part of a wave of retaliation for Friday’s U.S. tariffs, China has threatened a 25 percent duty on imports of U.S. crude. Meanwhile, Washington’s new sanctions against Tehran are due to kick in from November
Samsung profit growth slows on smartphone weakness
Samsung shares are down about 12 percent this year on concerns over slowing profit growth and a lack of technological innovation to drive smartphone sales
Asian stocks wobble as Sino-U.S. trade war begins
MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.1 percent lower, pulling back from a modest early rise. The index has lost near 9 percent since June 7
Power sector billing recovery stalls, financial gap widens to Rs324 billion for July-April FY18
Total billing of discos amounted to Rs976.339 billion during the first ten months (July-April) FY18 and total receipts were recorded at Rs652.158 billion