Chinese company to establish solid waste power plant
A subsidiary of Chengdu Xingrong Environmental Co, Lahore Xingzhong Renewable Energy has expressed interest in establishing a municipal solid waste power plant at a projected cost of $140 million
Circular debt rose Rs40 billion since start of June
HUBCO CEO told the parliamentary panel the previous PML-N government had paid Rs200 billion but after that, no payments had been made to decrease circular debt
Previous government approved surcharges to pay off power sector liabilities
During the ECC meeting, it was proposed Rs50 billion should be obtained in loans from commercial banks to be arranged via Government Holdings Private Limited (GHPL)
Continuous hike in urea prices inflicting Rs30-40 billion losses to farmers
Average urea price in the country on June 13th, 2018 stood at Rs1,500 per bag compared to Rs1,250 per bag in November 2017
Trader Gunvor leads in bids for Pakistan LNG tender cargoes
LONDON: A tender by Pakistan to purchase six liquefied natural gas (LNG) cargoes for delivery in July and August has drawn six...
Noor Financial divests another 3.4 pc in Meezan Bank Limited
LAHORE: According to a notice filed on the exchange, Meezan Bank Limited today announced that Noor Financial Investment has divested another 3.4...
FBR chairman says amnesty scheme last chance to legalise undeclared assets
ISLAMABAD: The Federal Board of Revenue (FBR) Chairman Tariq Mahmood Pasha, visited the Islamabad Chamber of Commerce and Industry (ICCI) and urged upon...
Askari Bank Limited appoints new President, Chief ExecutiveÂ
LAHORE: The Board of Directors of Askari Bank Limited has appointed Abid Sattar as
President and Chief Executive of Askari Bank, subject to...
Country’s oil import bill surges by 30.43pc to $12.928bn
KARACHI: Pakistan’s oil import bill rose nearly 30.43 per cent year-on-year to $12.928 billion in July-May 2017-18 owing to an increase in...
SECP notifies FATF compliant AML, CFT regulations
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) notified the Anti Money Laundering and Countering Financing of Terrorism Regulations, 2018. The...
Current account deficit clocks up at $15.9b
KARACHI: The current account deficit in the first 11 months of 2017-18 has amounted to $15.9 billion, up 43.2 per cent from the previous year.
According...
EU looks into extending import controls on Chinese solar panels
BRUSSELS: The EuroÂpean Commission is examining whether to extend measures to control imports of solar panels from China, a move that could...
Opec oil ministers discuss production increase
VIENNA: The oil ministers of the Opec cartel were gathering on Tuesday to discuss this week whether to increase production of crude...
NEPRA allows K-Electric use of RLNG in power production
KARACHI: NEPRA, the power-sector regulator, has allowed K-Electric to use imported gas – re-gasified liquefied natural gas (RLNG) – for power generation as...
Second unit at Neelum-Jhelum hydro project commences power production
LAHORE:Â In a major development on the power generation front, the second unit of Neelum-Jhelum hydroelectric power project has started generating power to...