Oil dips in nervous trading as U.S.-China trade war looms
Brent crude futures fell 25 cents, or 0.3 percent, to $77.14 per barrel by 0317 GMT from their last close
Nepra rejects K-Electric’s demand and notifies new MYT of Rs 12.81/KWH
The decision of NEPRA regarding the MYT may jeopardize its investment in major projects including 900 MW project being set up at Bin Qasim port area, the sources said
773 new companies registered in June: SECP
ISLAMABAD: In June, the Securities and Exchange Commission of Pakistan (SECP) registered 773 new companies. As compared to the corresponding month of the last...
No requirement to be a tax filer for vehicles below 1000cc: Tax authorities
ISLAMABAD: While the Federal Board of Revenue (FBR) has imposed the conditions for filers for the purchase of new/imported vehicles from July...
Market Daily: PSX falls another 107 points totaling 1760 since last five sessions
LAHORE: Pakistan equity markets extended the bearish trend wherein the index fell by 107 points, stretching the decline in the index to...
Customs in a jumble as stolen vehicles from Japan worth Rs200m await final decisionÂ
ISLAMABAD: The Collectorate of Customs Lahore is all set to manage Rs200 million worth scandal of 14 luxury V8 Land Cruisers and...
Pakistan LNG cancels tender after high offers
The company still has a separate tender seeking five cargoes of the super-chilled fuel for September to October delivery
Oil declines as Trump calls OPEC to cut prices
Brent crude futures were at $77.68 per barrel at 0405 GMT, down 56 cents, or 0.7 percent, from their last close
K-Electric seeks five-year extension for old power units
K-Electric intended to invest Rs1.761 billion for the rehabilitation of unit I and II, out of which an amount of Rs1.522 billion has already been spent on their maintenance
Rs128 million fraud in IESCO uncovered by auditors
IESCO is accused of having made excessive and incorrect payments to contractors and auditors have recommended them to be recovered
Objections against KASB Bank-BankIslami amalgamation disposed of: SBP
Previously, shareholders of defunct KASB Bank had sought a minimum compensation of Rs14.2 billion from the State Bank of Pakistan (SBP), terming the Rs5.9 billion negative valuation of the bank, determined by AF Ferguson, mala fide and dubious
General Electric to setup 660MW coal power plant in Bin Qasim
This power project of Lucky Electric will be the first outside Thar district to be utilizing lignite mined by the Sindh Engro Coal Mining Company from Thar Block II besides having a backup of imported lignite coal
PTI proposes Centralised Knowledge Economy Authority to boost IT exports
ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) plans to establish a Centralised Knowledge Economy Authority (CKEA) with an objective of making Information Technology (IT) the...
EDB staff allege lobby in auto sector protecting their corrupt CEOÂ
ISLAMABAD: While the Engineering Development Board (EDB), the apex government body under the Ministry of Industries and Production (MoI&P) entrusted to strengthen...
VEON eyes to buy GTH’s assets in Jazz for $2.55 billion
Global Telecom’s capital amounts to EGP 2.7 billion distributed over 4.7 billion shares at a par value of EGP 0.58 per share.