Pakistan contemplating to take Etisalat to international court over pending payment
The UAE-based company has withheld $800 million payment on grounds of properties not being transferred in its name and out of 3,300 properties, 33 of them cannot be transferred in the name of PTCL
Oil and gas reserves to end after 10 years, reveals petroleum division
ISLAMABAD: Senate Standing Committee on Petroleum was informed on Thursday that the country’s existing oil reserves will see an end only after 10 years...
Another bailout package with IMF on the cards
ISLAMABAD: Although the government of Pakistan Muslim League Nawaz (PML-N) avoided another loan from the International Monetary fund (IMF) by the end of...
HBL granted ‘member’ status under SCO IBA Framework
KARACHI: Habib Bank Limited (HBL) is proud to be officially granted the status of a member bank, during the 14th council meeting of...
After 46 hours Lahore still faces power outage
Some areas of Lahore have been without power for over 46 hours, meanwhile, other parts of Lahore suffer 10 to 12-hour long load-shedding
Oil prices rise, as exports plunge from Venezuela
U.S. crude oil production hit another record last week at 10.8 million barrels per day (bpd). That’s a 28 percent gain in two years, or an average 2.3 percent growth rate per month since mid-2016
Water scarcity hits cotton sowing target
Chronic water shortage could mean Pakistan missing its production target of 14 million bales set for the next season
Pakistan needs to build mega dams to enhance water storage capacity
Wapda Chief recommended handing over operational control of the Kalabagh dam to Sindh to ensure its reservations were addressed about its share in water consumption
Global economy to expand by 3.1pc in 2018, slower growth seen ahead
ISLAMABAD: Despite the recent slowdown, global economic growth will remain robust at 3.1 per cent in 2018 before lagging gradually over the...
Dutch company to set up Pakistan’s largest egg processing factory in Bin Qasim
KARACHI: Frisian Egg, a Netherlands based multinational egg processing company, is setting up Pakistan's largest egg processing factory in collaboration with a...
PM directs Finance Division for long-term structural reforms for next govt
ISLAMABAD: Prime Minister Justice (Retd) Nasir-ul-Mulk Wednesday directed the Finance Division to formulate a comprehensive strategy containing immediate measures and a blueprint for long-term...
Govt should take steps to control surge in power outages, demands ICCI
ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) Acting President, Muhammad Naveed Malik has called upon the government to take urgent measures...
PSO barely surviving backlog of Rs304b
LAHORE: The outstanding receivables position of Pakistan State Oil (PSO) remains at a historic high at Rs304 billion despite receiving Rs50 billion...
Japanese electric rickshaws await FBR’s indulgence to launch in Pakistan
ISLAMABAD: The only hitch in the way of a Japanese company’s plans to introduce electric rickshaws in Pakistan through the import of...
KASB Bank shareholders seek Rs14b compensation
Negative valuation AF Ferguson dubbed as mala fide