Shell likely to invest $15m in retail stations to meet enhanced demand
KARACHI:Â Shell Pakistan has planned to invest $15 to $16 million in its retail stations in the wake of expectations of an increase...
Pakistan aiming to sign cheaper fresh LNG import deals
With LNG replacing furnace oil in power plants, Pakistan is anticipating savings of around $2 billion annually through more efficient power generation...
Finance minister, FBR discuss tax amnesty scheme, revenue generation
The minister urged the FBR to come up with measures to simplify returns filing, automated processes to enhance revenue generation.
China-Pak Golf Estates, Gwadar wins best real estate development award
ISLAMABAD:Â CPIC has been awarded their second accolade for China-Pak Golf Estates (CPGE), where Ryan He received the award for 'Best Development in...
Import of mobile phones rises by 18.56pcÂ
ISLAMABAD: The import of mobile phones in the country during first 10 months of the fiscal year 2017-18 increased by 18.56 per...
KCCI president concerned over continuous rupee devaluation
KARACHI: Karachi Chamber of Commerce and Industry (KCCI) President Muffasar Atta Malik, while expressing deep concerns over the continuous devaluation of rupee against...
Oil prices slip on expectations of rising OPEC, Russian supplies
Brent crude futures, the international benchmark for oil prices, were at $78.05 per barrel at 0021 GMT, down 29 cents, or 0.4 percent, from their last close
Bahria Foundation to establish RLNG terminal at Sonmiani
Sources revealed the previous government had given go-ahead to the gas pipeline project from Sonmiani to Nawabshah by ISGS on condition that Bahria Foundation conducts the feasibility study as the leader of the project
China’s tariffs on U.S. oil would disrupt $1 billion monthly business
China’s threat to impose duties on U.S. oil imports will hit a business that has soared in the last two years, and which is now worth almost $1 billion per month.
ZTE shattered as shares lose 30 percent market value this week
ZTE was crippled when the United States imposed a seven-year supplier ban on it in April after it broke an agreement to discipline executives who conspired to evade U.S. sanctions on Iran and North Korea
FBR to propose SC for scrapping 12.5 percent WHT on Rs1,000 balance recharge
In case of this tax remaining suspended in its entirety for the next financial year 2018-19, the overall accumulated losses in terms of revenue across Pakistan would jump to Rs123 billion
Oil prices steady as focus turns to potential supply hike
Benchmark Brent crude oil was down 20 cents at $75.74 a barrel by 0750 GMT, after falling 80 cents on Thursday
Rupee nosedives to Rs124 against greenback in kerb market
In the last six months has depreciated 14 percent against the greenback and market experts are expecting further devaluation after Eid.
Board of PLTL rebuffs proposal to merge it with PLL
The board of both GHLPL, PLTL refused to give approval to this proposal and requested reasons as to why the PLL chief sought to merge PLL & PLTL
Local petroleum production up by 12.98pc in ten months
ISLAMABAD: The production of petroleum products witnessed 12.98 per cent increase during the first ten months (July-April) of the current fiscal year...